Author Archives: Editor
With hedge fund move off, blame game on
Stamford Advocate – A billionaire is without a helipad in Stamford’s South End. There will be no traffic jam of Teslas on Washington Boulevard. And for Gov. Dannel P. Malloy, who previously presided as mayor over Stamford’s renaissance as a […]
Hedge fund correlation risk alarms investors
FT – Hedge funds’ correlation with the equity market has risen back to pre-financial crisis highs, raising fears that the $2.7tn industry could again suffer sharp losses in the event of a market slide. The level of correlation may also […]
Taveras, Raimondo trade barbs over hedge funds
WRPI – Providence Mayor Angel Taveras’s campaign on Monday slammed his rival for the Democratic gubernatorial nomination, General Treasurer Gina Raimondo, for retaining an adviser recently replaced in Massachusetts – then got criticized for getting the facts wrong. WPRI.com reported […]
AIMA Launches OTC Guidelines for Hedge Funds
New York (HedgeCo.Net) – The Alternative Investment Management Association (AIMA), the global hedge fund industry association, has launched OTC derivatives clearing guidelines for asset managers. AIMA’s Guide to Sound Practices for OTC Derivatives Clearing provides guidance on the new regulatory […]
Hedge Fund Charged With Manipulating Futures Contract Prices
New York (HedgeCo.Net) – Federal Judge Analisa Torres has rejected arguments put forward by a hedge fund-like firm and cleared the way for a lawsuit filed by the FTC in New York, Reuters reports. The CFTC claims that Donald R. Wilson […]
Texas lawmaker warns against hedge funds ‘flipping’ Energy Future unit
Reuters – A powerful Texas state senator warned against a takeover by hedge funds of the power distribution unit of bankrupt Energy Future Holdings and said the state would prefer an owner with a long-term view. Senator Troy Fraser told […]
Ex-SAC Capital COO Kumin to Start Hedge-Fund Firm
A former senior executive of SAC Capital Advisors LP is planning to start a new stock-trading hedge-fund firm, potentially with a big chunk of funding from Leucadia National Corp., according to people familiar with deal discussions. Solomon “Sol” Kumin, who […]
US hedge fund slams top pay at First Group
City AM – Management pay at First Group was slammed yesterday by Tom Sandell of New York-based hedge fund Sandell Asset Management, as he said the management team of the UK rail and bus operator had been “well rewarded for […]
Hedge Funds Boost Gasoline Bets as July 4 Holiday Nears
Bloomberg – Speculators boosted bets that gasoline prices will rise on prospects for the most Independence Day traffic in seven years and fighting in the Middle East. Money managers increased net-long positions by 7.6 percent in the week ended June […]
Hedge Fund Billionaire Helps Swing Primary For Pro-Gay Republican
Time – American Unity PAC plays a decisive role in New York GOP primary. The decisive issue in the contested NY-22 primary that concluded Tuesday was the one hardly anyone talked about: gay marriage. Read Complete Article
Hedge Funds Ramp Up Oversight Automation In Face Of New Regulations
New York (HedgeCo.Net) – According to research from Milestone Group, 40 percent of North American asset managers feel that their current operation is unprepared to meet anticipated regulatory changes, driving a desire to increase automation. “Managers need automation, as it […]