Author Archives: the HedgeCo News Team
Hedge Funds Have Bought Yelp, Charter And More
Seeking Alpha – Investors can stay on top of hedge fund activity partly by keeping track of 13D and 13G filings, which report significant percentage stakes in public companies. The nature of the filing requirements means that these filings are […]
Citigroup Names $6.8 Billion Fund-Unit Spinout Napier Park
Bloomberg – Citigroup Inc., the third-biggest U.S. bank, renamed an internal hedge-fund unit Napier Park Global Capital as it spins out the business with about $6.8 billion in holdings under management. Regulators have granted key approvals for the move, and […]
Hedge Fund Titan Einhorn Wants To Lead A Revolt Against Apple
Forbes – Greenlight Capital’s David Einhorn is urging Apple shareholders to vote down a change to the company’s charter that would allow it to stop issuing preferred stock. Investors would be able to repel the proposal at Apple’s shareholder meeting […]
SunTrust sues to stop hedge fund’s $13 million FINRA arbitration
Reuters – SunTrust Banks Inc sued a Connecticut-based hedge fund on Wednesday to block arbitration of a $13 million dispute over mortgage-backed securities. The lawsuit, filed in U.S. district court in Manhattan, is the latest one brought by a bank […]
Hedge fund AUM hits $2.6 trillion in 2012
Hedge Funds Review – Hedge funds finished 2012 in positive territory, according to eVestment. Despite reports of investor dissatisfaction, performance contributed with $116.3 billion increasing overall AUM in 2012. Hedge fund assets increased almost 6% during 2012 to hit $2.6 […]
Is Apple’s Secret Hedge Fund Prepping For A Dividend Boost?
Jake Mann (Seeking Alpha) – The subject of Apple (AAPL)’s so-called “secret” hedge fund has gained quite a bit of steam in recent months. At Insider Monkey, we originally covered how Braeburn Capital, an asset manager in Nevada, was managing […]
Hedge Fund Mogul Clashes With Swiss Over Ski Slopes
BusinessWeek – Since hotelier Tobias Zurbriggen can remember, the business of running Saas-Fee has been a local affair. Now, the Swiss ski resort neighboring the Matterhorn is feeling the heat from a New York-based financier. Edmond Offermann, a nuclear scientist […]
Bank of America’s Hedge-Fund Clients Boost Leverage in Asia
Hedge-fund clients of Bank of America Corp.’s Asian prime brokerage unit have increased their leverage since October as the market outlook improved, according to the second-largest U.S. bank by assets. Gross leverage, which tracks hedge funds’ long and short positions […]
France’s Moscovici defends shielding hedge funds from loan curbs
Reuters – France’s finance minister Pierre Moscovici defended on Tuesday a government plan to ringfence banks’ proprietary trading and leave hedge-fund financing intact, saying that hedge funds play a vital role in the French economy. France’s proposed bank reforms, due […]
Bridgewater to launch new hedge fund
Fox Business News – The world’s largest hedge fund, Bridgewater Associates, told investors it will launch a new hedge fund this year, and that it had sold a minor equity stake in the firm to an unidentified buyer, the Wall […]
Hedge Funds Are Selling These 3 Dividend Paying Consumer Stocks
Are you an active investor in consumer stocks? Are you encouraged by the improving macro environment, the stock market rally, and a positive U.S. job report? If you think this will translate into an improved spending environment, the consumer sector […]
Petters-Linked Hedge Fund Manager’s Trial Delayed After Surprise Guilty Plea
Finalternatives – The chief fundraiser for convicted Ponzi schemer Thomas Petters unexpectedly pleaded guilty to fraud charges Friday, putting a halt to the trial of a hedge fund manager charged with aiding the scam. Frank Vennes, who has repeatedly denied […]
