Author Archives: Editor
Goldman Sachs pulls money out of GSIP hedge fund
Denver Post – Goldman Sachs Group Inc. is pulling cash from one of its largest internal hedge funds to comply with rules limiting how banks invest their own money, according to people familiar with the matter. The New York investment […]
Once Flashy, Hedge Funds Now Seen as Staid but Consistent
NYT – Hedge funds once had the allure of being high octane and exotic. Today, they have a reputation of being mundane and consistent. That is why investors are putting more money than ever into them, according to a new […]
Israeli company may help Argentina to escape huge hedge fund debts
Haaretz – Black Cube, a business intelligence startup owned by Israelis, is negotiating with the government of Argentina for the hiring of its services. Argentina wants Black Cube to collect intelligence on the U.S. hedge fund Elliott Management, which has […]
IPOs on the Rebound; Hedge-Fund ‘Lite’ Picks
Barron’s – Interested in catching an IPO on the rebound? If you’re not familiar with what’s even implied in that question, you might want to check out a piece written by David Sterman, a veteran writer with StreetAuthority. As Sterman puts […]
In Defense of Carried Interest Tax Treatment
New York (HedgeCo.Net) -By Andrew Lerner, Managing Partner, IA Capital Group. Private equity professionals, venture capitalists, real estate investors and hedge fund managers share in the appreciation of the assets they manage, in the form of carried interest. Controversially, carried interest […]
1,400 Hedge Fund Leaders Expected At The 2014 Rocktoberfest
New York (HedgeCo.Net) -A Leg To Stand On (ALTSO) is hosting their 11th Annual Hedge Fund Rocktoberfest – NYC at Capitale on October 22nd and our 3rd Annual Rocktoberfest – Chicago at City Winery on October 8th. ALTSO is a […]
High Water Women’s 10th Annual Backpack Drive Delivers 12,300 Backpacks to Children in Need
High Water Women’s 10th annual Backpack Drive will bring together 350 financial services industry volunteers to assemble a record 12,300 backpacks for tri-state area children in need. This year’s drive takes place August 8th through 14th at the New York […]
Goldman Sachs Cuts Cash in GSIP Hedge Fund
WSJ – Goldman Sachs Group Inc. is pulling cash from one of its largest internal hedge funds to comply with rules limiting how banks invest their own money, according to people familiar with the matter. The New York investment bank […]
Ex-Bridgewater Analyst Wang Starts No-Fee Hedge Fund
Bloomberg – Howard Wang, a former analyst at Ray Dalio’s Bridgewater Associates LP, says most hedge fund performance mirrors the broader market, failing to justify the high fees collected. That’s why Convoy Investments LLC, the global macro fund he started […]
Barclays can keep billions from Lehman brokerage: U.S. appeals court
Reuters – Barclays Plc is entitled to about $6 billion of disputed assets as part of its hurried purchase of much of Lehman Brothers Holdings Inc.’s brokerage unit at the height of the 2008 financial crisis, a federal appeals court […]
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 SA. One of the biggest funds to bet the bank’s shares would fall was Marshall […]
Billionaire Dan Och’s Hedge Fund Firm Is Getting Really Big
Forbes – Billionaire hedge fund manager Dan Och has not been impressing Wall Street with fantastic returns in recent years, but he has been excelling at another key aspect of the hedge fund game: raising money from outside investors. Depending […]