Monthly Archives: September 2011
Apple Was Hedge Funds’ Most-Owned Stock Last Quarter, Citi Says
Bloomberg – Apple Inc. was the most-held stock among the top 50 hedge funds in the second quarter, while Wells Fargo & Co. (WFC) and Merck & Co. were the companies most-owned by the biggest equity mutual funds, according to Citigroup Inc. […]
SFO ends probe into hedge fund Weavering
Reuters – The Serious Fraud Office has ended a long-running investigation into collapsed hedge fund Weavering Capital, it told Reuters on Thursday. “We have determined that after considering the evidence, there wasn’t a reasonable prospect of conviction,” said an SFO […]
Wealthy Investors Stick to Hedge Funds Even With 3.4% Returns
Bloomberg – Almost half of Leslie Quick’s personal portfolio is dedicated to hedge funds, a position he’s increased this year even as the lightly regulated asset pools have returned less than 4 percent. “I think we’re coming into a period where […]
Big hedge funds are getting slaughtered
CNNMoney – In a global market roiled by uncertainty, there’s one bet that’s becoming increasingly likely: several big hedge funds will face steep losses before the year is through. There’s no way for retail investors to short hedge funds or […]
People Moves: Max von Bismarck Joins Hedge Fund SkyBridge Capital
New York (HedgeCo.net) – Global hedge fund firm with a total of approximately $8 billion in assets under management, SkyBridge Capital, has strengthened its worldwide operations with the addition of Max von Bismarck as a partner and CEO of the firm’s international operations. Previously director […]
The Dow Jones Credit Suisse Core Hedge Fund Index Down 2.88% in August
New York (HedgeCo.net) – The Dow Jones Credit Suisse Core Hedge Fund Index fell less than half that of broad equity indexes in August. “The Dow Jones Credit Suisse Core Hedge Fund Index finished down 2.88% in August.” Oliver Schupp, President […]
A Bunch Of Hedge Funds Just Got Burned By The Swiss Bank Intervention
Business Insider – A bunch of hedge funds that had been profiting off the incredible rise in the Swiss franc just got burned. This morning the Swiss Bank intervened, sending the Swissie down. The bank will buy an unspecified amount […]
Daniel Loeb’s Third Point Starts Reinsurance Company With $500 Million
Bloomberg – Daniel Loeb, the founder of Third Point LLC, started a reinsurance company that can invest in his $8 billion hedge fund, joining rival David Einhorn in seeking more permanent capital. Third Point Re, which is based in Bermuda, hired John […]
Model-driven hedge funds among losers in SNB shock
Reuters – Hedge funds, betting on globa lmarkets and driven by computer models, were among those hardest hit by Switzerland’s shock intervention on Tuesday to reverse profitable bets on the Swiss franc’s “safe-haven” status. The Swiss National Bank surprised investors […]
Global hedge funds gather for insight sharing
The Korea Times – Mirae Asset Global Investments is hosting a Global Hedge Fund Forum today, the firm’s first conference on the investment method that will be allowed here later this year. “Around the time of the launch of Korean-style […]
Citi Awarded Mandate to Deliver a Comprehensive Suite of Fund of Hedge Funds Administration and Custody Services to Sandalwood Securities
BusinessWire – Citi today announced that it has been awarded a mandate to provide a full complement of fund of hedge funds administration and custody services to Sandalwood Securities. “After a thorough review of service providers, two of the key […]
Wealthy Investors Stick To Hedge Funds Even With 3.4% Returns
Bloomberg – Almost half of Leslie Quick’s personal portfolio is dedicated to hedge funds, a position he’s increased this year even as the lightly regulated asset pools have returned less than 4 percent. “I think we’re coming into a period […]