Monthly Archives: September 2011
Hedge Fund Tech: Broadridge Acquires Paladyne Systems
New York (HedgeCo.net) – Global capital markets technology services company Broadridge Financial Solutions has acquired hedge fund solutions provider Paladyne Systems for approximately $76.5 million. “The acquisition of Paladyne will significantly expand Broadridge’s position as a service provider to buy-side clients,” […]
Saba Capital: A hedge fund bright spot
CNN – While some of the largest and most prominent hedge funds reeled in August, Boaz Weinstein’s Saba Capital was up 2.5% for the month, pushing the flagship fund up 7.3% for the year, according to an investor in the fund. […]
Yahoo Shares Jump After Hedge Fund Infusion, Takeover Buzz
CNBC – Yahoo shares surged after an activist investment hedge fund announced it had purchased a stake in the company and amid rumors that Yahoo’s co-founder may be trying to buy back the company. The stock jumped 6.1 percent to close […]
Fortress Commodity Fund Said to Beat BlueGold in August
Bloomberg – The $1.1 billion Fortress Commodities Offshore Fund Ltd. had its best month ever in August by betting on price declines for oil and copper, beating bigger rivals Clive Capital LLP and BlueGold Capital Management LLP. Fortress, the commodity […]
Serious Fraud Office criticised for closing Weavering Capital investigation
The Telegraph – The agency said it had abandoned the search for $500m (£313m) of losses at Weavering – more than two years after the dawn arrests of executives Magnus Peterson and Edward Platt. The pair, who maintained a company […]
Hedge funds hit by Obama tax reforms
GFS News – Large corporations and hedge funds in the US face an end to lucrative tax loopholes after President Barack Obama unveiled a new $450bn(€326bn) package aimed at boosting employment. The American Jobs Act, if passed by Congress, could […]
Hedgies lose 2.3% in August, but macro and short-biased funds rise
Global Pensions – Hedge funds are now down a modest 1.2% for this year after a 2.3% loss in last month’s turbulent markets, concentrated among equities and event-driven strategies, eliminated hard-won gains up to July. August’s figure, registered by data […]
Getting Your Hedge Fund Allocation While Avoiding The Next Madoff
Seeking Alpha – A friend tipped me off to the upcoming documentary, “Chasing Madoff,” detailing the uncovering of the biggest hedge fund scheme in history. Hedge funds have always been something of a mystery among the general investing public. The […]
New Merlin White Paper: The Importance of Business Process Maturity and Automation in Running a Hedge Fund
New York (HedgeCo.net) – Over the past two years, Merlin has published several white papers that are designed to highlight and help managers imple- ment industry best practices, from shoring up their business model to identifying their target investors based […]
Federal and State Securities Law on Finders, Brokers, and Finder’s Fees
New York (HedgeCo.net) – Federal and State securities law recognizes a finder as “someone who finds, interests, introduces and brings parties together for a business transaction that the parties themselves negotiate and consummate.” Unlike a broker, a finder has no […]
Paulson’s Fund Said to Lose 34% This Year
Bloomberg – John Paulson, the billionaire who is betting on an economic recovery by the end of 2012, has lost 34 percent this year in his largest hedge fund, according to two people familiar with the firm. Paulson’s Advantage Plus […]
From Hezbollah to Hedge Funds, U.S. Still Bewildered by Non-State Actors
The Atlantic – When will America start to learn how to deal with the dynamic players that shape so many world events? A decade after 9/11 heralded the arrival of transnational terrorism on America’s doorstep, policymakers have paid a lot […]