Author Archives: Editor
Report: Hedge Fund Forum on Diversity
New York (HedgeCo.Net) – Bank of America Merrill Lynch, in partnership with GCM Grosvenor and Sponsors for Educational Opportunity (SEO), recently collaborated with investors representing over $300 billion in assets to host a Hedge Fund Forum on Diversity. The Forum, […]
Hedge Fund People: Samuel Farahnak As A Black Diamond Director
New York (HedgeCo.Net) – $8 billion hedge fund firm Black Diamond Capital Management, has appointed Samuel Farahnak as a Director in its Private Equity business. Mr. Farahnak will focus on identifying and evaluating controlling equity investments and M&A opportunities. “Sam’s […]
Hedge Fund Chief Testifies at Senate Tax-Avoidance Hearing
DealBook – Complex financial instruments that the government has said helped the hedge fund Renaissance Technologies claim billions of dollars in tax savings were “extremely important,” its co-chief executive said at a Senate hearing on Tuesday. Peter Brown, co-chief executive […]
G20 watchdog orders LIBOR alternatives by 2016 in benchmark reform
Reuters – Global regulators will implement a twin-track approach to ensuring interest rate benchmarks are less prone to manipulation, recommending safeguards to the current system as well as developing alternatives. Ten banks and brokerages including Barclays and UBS have paid […]
Hedge Fund Joins Legal Fray Over Puerto Rico Debt Law
WSJ – BlueMountain Capital Management LLC on Tuesday filed a lawsuit in federal court in Puerto Rico alleging the new law is unconstitutional. The law, approved by the Puerto Rican government in June, allows for Puerto Rico’s public corporations, including […]
Hedge Fund Dromeus Turns Greek Tragedy to Triumph With 160% Gain
Bloomberg – When Achilles Risvas, chief executive officer of the $240 million investment firm, and Jason Manolopoulos started a fund to wager on Greece’s recovery in October 2012, the country was in intensive care with euro-area governments pushing its leadership […]
Bet on Failed Bank Creates Windfall
WSJ – An investment group backed by John Paulson, George Soros, Michael Dell and Christopher Flowers stands to gain more than $3 billion from a bet made on a failed lender during the depths of the financial crisis. The group’s […]
Hedge Fund Omni Partners Obtains Licence Under AIFMD
New York (HedgeCo.Net) – Steve Clark’s hedge fund, Omni Partners LLP, has been authorised by the Financial Conduct Authority (“FCA”) for a licence under the Alternative Investment Fund Managers Directive (“AIFMD”). “It is Omni’s aim to be at the spearhead of […]
Senate: Hedge Funds Used “Basket Options” To Dodge Taxes
New York (HedgeCo.Net) – Over a dozen hedge funds are accused of misusing a complex financial structure to claim billions of dollars in unjustified tax savings and to avoid leverage limits that protect the financial system from risky debt, a Senate […]
Paul Singer’s Hedge Fund Expected to Consider Activist Options for EMC
NYT – For years, Elliott Management has taken on progressively bigger companies for its activist campaigns. Now the $25 billion hedge fund has homed in on its biggest-ever potential target. Elliott has built up a position worth at least $1 […]
Providence Journal loses bid for hedge fund records related to state pension system
Providence Journal – Attorney General Peter Kilmartin’s office has ruled against The Providence Journal in a long-running dispute over records related to the state pension system’s investment in hedge funds. The Journal initially sought the records from General Treasurer Gina […]
Herbalife Shares Tumble As Bill Ackman Promises Game Changer
Forbes – Billionaire hedge fund manager Bill Ackman raised expectations on Monday that he will deliver a knockout blow to Herbalife in their long and bitter battle, sending shares of the diet shake maker tumbling by more than 11%. Ackman […]