Author Archives: Editor
European Hedge Funds Scramble to Pass First Test Under EU Regulations
WSJ – European hedge funds have scrambled to pass their first test under complex new European Union regulations amid confusion over the timing and introduction of the rules. Tuesday at 5 p.m. marked the official deadline by which managers in […]
Hedge Fund Perry Capital Bets on Paper Mills, Puerto Rico
Bloomberg – Perry Capital, the $10.9 billion hedge-fund firm run by Richard Perry, is betting on the paper and packaging industry anticipating that the value of companies could double if they adopt a new tax structure. Perry took positions or […]
Fung, Taveras criticize Raimondo for withholding hedge fund records
Providence Journal – Gubernatorial candidates Republican Allan Fung and Democrat Angel Taveras can agree on at least one point: Their opponent, General Treasurer Gina Raimondo, should release documents related to the state pension system’s hedge fund investments. Fung and Taveras […]
This Hedge Fund’s $6.8 Billion Tax Break Is Going to Enrage You
Time – Short-term trades are usually taxed like regular income. But not if you are a hedge fund with a helpful banker. If you invest or do any stock trading outside of a 401(k) or IRA account, you know that […]
Republican lawmaker to grill U.S. SEC over Ackman tactics
Reuters – A U.S. lawmaker will pressure the U.S. Securities and Exchange Commission on Thursday [July 24] to consider a raft of reforms, after William Ackman’s aggressive efforts to take over Allergan Inc. raised concerns about loose rules governing disclosure […]
Convergence Opens Hedge Fund To Qualified Investors
New York (HedgeCo.Net) – California-based hedge fund manager, Convergence Capital Management Group LLC., is opening its absolute return diversified multi-strategy fund, Convergence Capital Partners Fund I LP. to qualified investors. The Fund was launched in May 2013 and has since returned 20.8% gross in fees. Richard […]
BlueMountain Capital joins legal fray over Puerto Rico restructuring law
Reuters – A hedge fund with over $400 million in Puerto Rico bonds has joined a legal challenge against a law that allows the U.S. Commonwealth to restructure some of its debt, hiring one of the most prominent lawyers in […]
A Boston Hedge Fund Made $950 Million On One Stock Today
Business Insider – Shares of Puma Biotechnology (PBYI) were going absolutely bonkers Wednesday morning following a successful trial of a breast cancer drug. The stock surged about 283%, or about $167, since the opening bell. Read Complete Article
Hedge fund billionaire Ken Griffin files for divorce
Chicago Tribune – Ken Griffin, head of Chicago-based hedge fund Citadel Investment and one of the nation’s wealthiest men, has filed for divorce from his wife Anne Dias Griffin, his lawyer confirmed Wednesday. “A petition for dissolution was filed on […]
The big money still loves hedge funds
CNBC – Big investors plan to keep pouring money into hedge funds despite returns near or less than market benchmarks. No less than 97 percent of 284 institutional investors surveyed by Credit Suisse said they plan to be “highly active” […]
Hedge fund wants EMC to break up
CBS – A hedge fund that has taken a more than $1 billion stake in EMC (EMC) is pushing the computer storage giant to sell its interest in software firm VMWare (VMW). EMC is a major vendor of the hardware […]