Monthly Archives: September 2011
Ex-Highbridge Asia head’s fund launch delayed by SFC review: report
Reuters – Carl Huttenlocher, former Asia head of JPMorgan Chase & Co’s Highbridge Capital, has delayed the September 1 launch of his hedge fund Myriad because of a regulatory review by the Hong Kong’s Securities and Futures Commission, according to the Wall […]
Hedge Fund Industry Commentary August 2011: Credit Downgrade Further Supports Commodities
New York (HedgeCo.net) – The Dow Jones-UBS Commodity Index ended up 0.99% for the month of August after investors on both sides of the pond looked to commodities as a safe haven for funds. Perpetuating the activity was the fact […]
Quant Hedge Fund Start-Up Has Assets Frozen
New York (HedgeCo.net) – The SEC has accused Belal K. Faruki and Neural Markets LLC., and relief defendants Evolution Quantitative 1X Fund and Evolution Quantitative 1X LLC., of misrepresenting their startup hedge fund. A federal judge has frozen all the manager’s hedge […]
Sale of Mets to hedge fund manager falls through
Los Angeles Times – The sale of a minority stake in the cash-strapped New York Mets to hedge fund manager David Einhorn for $200 million has fallen through. The sides were unable to complete the deal after months of negotiations, the team […]
Hedge fund ‘clones’ outperform the real thing
CNBC – A hedge fund replication exchange-traded fund , designed to mimic the performance and exposure of the hedge fund industry, was one of the more resilient investments in August, outperforming broader markets-including hedge funds. Index IQ`s flagship ETF, the IQ […]
Hedge Funds Lansdowne, Odey Suffer Down Years on Stock Wagers
Business Week — Lansdowne Partners Ltd. and Odey European Inc., two of the U.K.’s biggest hedge funds, started 2011 bullish on stocks. The shared view has led both firms to have one of their toughest years managing money. Lansdowne’s U.K. […]
Formerly bankrupt companies become M&A targets
Reuters – Hundreds of businesses crawling out of bankruptcy in the hands of hedge funds and other financial owners are hanging the “for sale” sign on their doors. Distressed debt investors such as Paulson & Co, Avenue Capital and Silver […]
Hedge Fund Networking Site Joins Up With BusinessWire
New York (HedgeCo.net) – Social networking site for financial professionals, linkedFA, has aligned with Businesswire, the global leader in press release distribution, signing a content agreement that gives the 10,000 linkedFA members direct access to reports from Fortune 1,000 companies […]
DoubleLine Hedge Fund Crosses $10 Billion in Assets
New York (HedgeCo.net) – The DoubleLine Total Return Bond Fund has reached $10 billion in assets under management, just 16 months after its launch in April 2010. Assets under management at DoubleLine now total $15 billion across a range of […]
Hedge funds outperforming S&P 500
Financial Post – The ability to move both with and against all types of financial markets is helping hedge funds limit the damage from this month’s sell-off. The hedge fund composite index fell 3.45% this month through August 24 to […]
Pensions using hedge funds don’t always know risks: GAO
Reuters – More and more U.S. pension plans are investing in hedge funds, even though the plans’ administrators struggle to understand what is in the funds or their true exposure to risk, a federal auditor said on Wednesday. As companies […]
Pimco Launches Hedge Fund-Like ‘Go Anywhere’ Bond Fund
WSJ —Pacific Investment Management Co., the big money manager founded by Bill Gross, is wooing investors with a new bond fund that aims to provide returns in any market environment with a broad range of fixed-income strategies. With many investors suffering […]