Author Archives: Editor
Jana Delivers “High Noon” Threat to PetSmart
ValueWalk – PetSmart, Inc. has been hiding poor results from investors claims the hedge fund Jana Partners LLC, who revealed in a regulatory filing that they had obtained internal PetSmart documents regarding the allegations. In a case of spy intrigue, […]
Puerto Rico Buoys Hedge Funds After Agency Reprieve
Bloomberg – Puerto Rico bonds are extending the longest rally since May after the island’s cash-strapped electric agency won a reprieve from restructuring assets. Hedge funds, with a growing stake in the securities, stand to gain. Puerto Rico obligations have […]
Hedge fund investing strong in 2014
Pensions & Investments – As institutional investment in hedge funds matures, most investors have been busy starting, growing, optimizing and fine-tuning their hedge fund portfolios. A few institutions, however, have drastically cut or completely axed their investment in hedge funds. […]
Hedge Funds Lose Appeal In Porsche Suit
New York (HedgeCo.Net) – Porsche has won a case in the US appeals court put forward by a group of over 30 hedge funds led by Greenlight Capital, Elliott International and Perry Partners, who tried to sue the carmakers for 1.81 billion […]
Credit Suisse: Hedge Funds Down 0.31% In July
New York (HedgeCo.Net) – The Credit Suisse Hedge Fund Index (the “Broad Index”) finished down 0.31% for the month of July. Performance for the Broad Index and its ten sub-strategies is calculated monthly. June, July, and YTD 2014 performance numbers are […]
Ex-SAC Executive Kumin’s Hedge-Fund Firm Gets Leucadia Investment
WSJ – Former SAC Capital Advisors LP executive Solomon Kumin has secured a $400 million investment from Leucadia National Corp. for his startup hedge-fund firm, according to people familiar with the recent developments. An agreement signed late last week finalized […]
Paulson & Co. ups Puerto Rico real estate bet
Reuters – U.S. hedge fund Paulson & Co. is upping its bet in Puerto Rico real estate with the purchase of an office building in San Juan’s financial district from American International Group Inc. The 326,000 square-foot building is the […]
A Former Top SAC Capital Trader Names New Hedge Fund
NYT – Settling on a name for a hedge fund is often a very personal decision for the manager who runs it. In the case of Steven A. Cohen, the billionaire investor looked to his initials — SAC — as […]
Hedge Funds Give Quarterly Snapshot of Their Portfolios
NYT – The billionaire investor Leon Cooperman stocked up on Apple while other prominent hedge fund managers were divided on Walgreen. Ally Financial was a favorite for Daniel S. Loeb, John Paulson and Richard Perry. On Thursday, some of Wall […]
Zacks: BlackRock, Blackstone Under SEC Scrutiny
New York (HedgeCo.Net) – Hedge fund research group Zacks reports that The U.S. Securities and Exchange Commission (SEC) has come up with the regulatory examination of alternative mutual funds. These mutual funds, proposed to be more risky than standard ones, […]
S&P warns hedge-fund reinsurer model consumes capital
Royal Gazette – Standard and Poor’s (S&P) said yesterday that the hedge fund reinsurers philosophy of running a higher risk portfolio in order to underwrite at lower rates could be flawed. The idea that hedge-fund reinsurers will earn higher investment […]
Louis Bacon and Peter Nygard Move Bahamas Feud to New York
DealBook – The hedge fund billionaire Louis M. Bacon has filed a lawsuit against the Canadian clothing magnate Peter Nygard, claiming a long history of character assassination and numerous environmental misdeeds related to Mr. Nygard’s large property in the Bahamas. […]