Author Archives: the HedgeCo News Team
All Hedge Funds May Not Be Bad — Here’s How to Suss Yours Out
Forbes – There’s a public debate raging about the pros and cons of hedge funds—not any individual hedge fund, mind you, but rather hedge funds in general. There’s been plenty of skeptical talk in my circles. As a whole, the […]
SAC Portfolio Manager Michael Steinberg Allegedly Earned $1.4 Million in Illegal Profits through Insider Trading
New York (HedgeCo.Net) – Preet Bharara, the United States Attorney for the Southern District of New York, today announced conspiracy and securities fraud charges against Michael Steinberg, for his alleged involvement in an insider trading scheme. Steinberg, 41, is charged […]
Studies Predict Hard Times for Hedge Funds That Don’t Leverage Investor Accounting Technology
The 2012 annual surveys of the hedge fund industry are out, and all of them point to an increasingly competitive business environment for running an alternative investment fund. Management costs continued to rise as investor and regulatory demands on the […]
HedgeFund Intelligence ranked Inflection first in league table for 2012
West Palm Beach (HedgeCo.Net) – Inflection Management Inc. today announced that hedge fund database HedgeFund Intelligence ranked the Inflection Strategic Opportunities Fund (“Inflection” or the “Fund”) as the top performer worldwide for 2012 within a league table category for US […]
SEC Makes Investors Jump Through Hoops as Fund Managers Wait for New Rules
Last year, Congress passed the JOBS Act, a new bill that was designed to foster the growth of startups. Hedge funds were particularly excited about the bill because it was expected to allow the Securities and Exchange Commission to form […]
Hedge fund tycoon Odey collects £1.7m from bet on Trinity Mirror slide
Independent UK – The hedge fund millionaire Crispin Odey was £1.7m richer yesterday after the arrest of four former Sunday Mirror journalists sent shares in owner Trinity Mirror tumbling more than 20 per cent. Mr Odey took a £10m bet […]
Hedge fund makes waves over London Whale episode
Financial Times – In the hard-bitten Detroit of the film 8 Mile, the protagonist played by musician Eminem wins an expletive-filled rap “battle” in a dingy warehouse. A world away, on Park Avenue, New York, Andrew Feldstein, co-founder and chief […]
Hedge funds bet on organic farming in China
BEIJING (Caixin Online) — How much does a cucumber cost in Beijing? The answer varies from 2 yuan (32 U.S. cents) per kilogram to as much as 30 yuan, depending on the variety. At the high end of fruits and […]
Hedge funds see profits as central banks print money
(Reuters) – Global central banks competing to push their currencies lower and boost sluggish economies have opened up money-making opportunities for hedge funds this year. Policymakers from Tokyo to London are freely printing money to lower the relative value of […]
Hedge Fund Giant Paulson: ‘No Plans’ to Flee to Puerto Rico
Fox Business News – In the wake of reports indicating he may flee New York for tax purposes, billionaire hedge fund titan John Paulson on Friday said he has “no plans” to relocate to Puerto Rico. In a statement, the […]
Hedge fund closures keep rising
Financial Times – The number of hedge funds going out of business rose for the third year in a row in 2012, according to HFR, a data provider. Last year, 873 funds failed or closed their doors out of the […]
In Gold Selloff, Hedge Funds Likely Driving ETF Outflows: Commerzbank
We won’t know which brand-name money managers are selling off gold until the next round of quarterly portfolio filings, which I believe doesn’t come until mid-May. But the fingers are already being pointed at hedge funds. Commerzbank’s commodity strategists this […]
