Author Archives: Editor
What Are These Two Hedge Fund Guys Doing in Jersey City?
Inside Philanthropy – The idea that effective school leadership on the part of principals is a key element in school reform and better student achievement appears to be catching on. Education researchers have been saying it for years, and a […]
Citigroup To Pay $7 Billion In Sub-Prime Mortgage Settlement
New York (HedgeCo.Net) – Citigroup has agreed to pay approximately $7 billion for its part in the financial crisis of 2008, the WSJ reports. Citigroup is accused of downplaying the risks of sub-prime mortgages when packaging them selling them to hedge funds, […]
Ex-Macquarie Money Manager Kok Plans Global Hedge Fund
Bloomberg – Gerald Kok, a former fund manager at Macquarie Group Ltd. (MQG), plans to start a hedge fund that invests in Asian and U.S. companies going through corporate events such as mergers and divestments. GSK Global Fund will focus […]
Onetime Hedge-Fund Star Sees Investor Exodus
WSJ – Boaz Weinstein, once one of Wall Street’s most successful traders, has seen assets at his hedge-fund firm shrink by half to $2.6 billion over the past year as he struggles with investment losses and client defections. Investors this […]
Ex-J.P. Morgan Trader Joins Bitcoin Bulls Launching Hedge Funds
NewsWeek – Daniel Masters, a 50-year-old veteran commodities trader, started working for some of the largest companies in the world right out of university, trading in London, New York and Zug, Switzerland, for JPMorgan Chase and Phibro before moving on […]
Pippa’s boyfriend to take on Swiss hedge fund role
Evening Standard – Pippa Middleton’s relationship is about to turn long-distance, with her stockbroker boyfriend quitting his job in the City to work for a hedge fund in Switzerland. Nico Jackson, who has been dating the duchess of Cambridge’s younger sister […]
Chinese Hedge Funds Down 1.38% For 1H 2014
China Money Network – Greater China-focused hedge funds produced their second consecutive month of positive returns, up 1.56% in June. Though they remain in the red with a negative return of 1.38% for the first half of the year, according […]
Hedge Funds Get $16.9 Billion in May but Underperform S&P 500
New York (HedgeCo.Net) – BarclayHedge and TrimTabs Investment Research reported today that the hedge fund industry took in $16.9 billion (0.7% of assets) in May, down slightly from $19.1 billion (0.8% of assets) in April. “Hedge funds raked in $72.2 […]
TLC Capital Group Readies Summer Hedge Fund Launch
New York (HedgeCo.Net) – Atlanta-based TLC Capital Group LLC is preparing the launch of a new option-hedged market neutral fund, the Salvus Hedged Yield Fund LP. “The fund is designed for the preservation of capital and will offer investors the […]
Argentines Taunt Hedge Funds After World Cup Victory
Bloomberg – In the aftermath of Argentina’s semifinal World Cup win last night, crowds broke into the usual victory chants, praising the homeland and poking fun at the British, their longtime nemesis in the Falkland Islands. But a less traditional […]
Weinstein’s Saba Capital Hedge Fund Declines for Fifth Month
Bloomberg – Boaz Weinstein, founder of hedge-fund firm Saba Capital Management LP, posted a 1.3 percent decline in June, his fifth straight monthly loss, as some investors exited the fund. The credit fund has lost 2.9 percent this year after […]