Author Archives: Editor
Hedge Funds Feasting On Apple Again
Forbes – Robert Citrone and Phillippe Laffont are two of the most prominent Tiger Cubs, hedge fund managers who once worked for legendary money man Julian Robertson’s Tiger Management. Both of them had a rough start to 2014 and sold […]
Blockbuster Movies Fuel Big Wins for Hedge-Fund Investors
WSJ – When it came to Lions Gate Entertainment Corp. LGF +0.24% and MGM Holdings Inc., Carl Icahn yelled “cut” too early. Box-office hits including “The Hunger Games,” “The Hobbit” and “22 Jump Street” have revived the once-struggling movie studios, […]
Alternative funds hold over $16 billion in Puerto Rico debt: Fitch
Reuters – More than 60 alternative fund managers hold more than $16 billion of Puerto Rico debt as hedge funds and distressed debt investors dislodge traditional mutual funds in the island’s debt market, according to a report by Fitch Ratings […]
Former hedge fund researcher pleads guilty to helping colleague hide trade-secret thefts
Chicago Tribune – A former researcher with Chicago-based Citadel LLC pleaded guilty today to helping a colleague try to hide personal computers that had been used to steal trade secrets from the giant hedge fund’s high-speed automated trading system. Sahil […]
Hedge Fund Chief Fights Canadian Magnate in Bahamas Battle
Bloomberg – Louis Bacon has had enough of looking only to Bahamian courts for satisfaction in a star-studded not-in-my-backyard battle with a Canadian clothing magnate. Now he’s come to New York. The hedge fund founder asked a Manhattan court to […]
US hedge fund bet against African Bank in 2013
Business Report – Fifteen months before African Bank Investments Ltd’s rescue this week, David Stemerman told his fellow US hedge fund managers to bet against the South African lender. Stemerman, founder of $3 billion (R32 billion) Conatus Capital Management LP, […]
US hedge fund Tudor hires brace from London rival
FN – Nick Munns and Matthew Jones have moved from Omni Partners to join Tudor’s macro team, according to a person with knowledge of the hires. Munns was previously co-manager of the Omni Macro Fund, alongside Stephen Rosen, the chief […]
Judge cuts back Madoff trustee lawsuit against hedge fund manager Merkin
Harretz – The trustee seeking money for Bernard Madoff’s victims suffered his second loss in less than a week to Wall Street hedge fund manager J. Ezra Merkin, as a Manhattan bankruptcy judge dismissed most claims in a roughly $565 […]
California Hedge Fund Manager Gets 14 Months For “Side Pocket” Investments
New York (HedgeCo.Net) – Former Bay Area hedge fund manager and philanthropist Lawrence Goldfarb has received a sentence of over a year behind bars for concealing more than $12 million in investment proceeds that was owed to investors in his fund. In […]
SEC: Brokerage Firm Worked With A Hedge Fund To Hide $45 Million
New York (HedgeCo.Net) – Hedge fund manager Nikolai Battoo is again under investigation, this time for his inappropriate business dealings with Bahamas-based brokerage firm Alliance Investment Management Limited. The SEC alleges that Julian R. Brown and his firm Alliance Investment Management Limited […]
Hedge Funds Betting Against Banco Espírito Santo in Line for Big Gains
WSJ – A handful of hedge funds may have made tens of millions of dollars on the collapse of troubled Portuguese lender Banco Espírito Santo. One of the biggest funds to bet the bank’s shares would fall was Marshall Wace […]
Behind Goldman Sachs’ new hedge fund strategy
CBS – Goldman Sachs (GS), whose name is synonymous with Wall Street to many investors, is ratcheting up the fees it charges to some hedge fund clients and cutting ties with others. Its goal is to set aside more capital […]