Author Archives: Editor
IMF slashes estimate for US economic growth in 2014
Guardian – The International Monetary Fund slashed its forecast for US economic growth on Monday, citing a harsh winter, problems in the housing market and weak international demand for the country’s products. In its annual review of the US economy, […]
Swiss-Asia Financial Starts Hedge-Fund Platform in Hong Kong
Bloomberg – Swiss-Asia Financial Services Pte started a hedge-fund platform in Hong Kong, adding to one in Singapore, to meet rising demand from smaller funds seeking to cut costs amid tighter regulations. Two funds with assets under management of between […]
Exhilway Exits “Risky” Hedge Fund Business, Reassigns Funds
New York (HedgeCo.Net) – Global hedge fund player since 1974, Exhilway, has exited its “risky” hedge fund business in Australia and is starting up a new market neutral hedge fund focusing on the United States and Europe, as well as […]
This Hedge Fund Manager Thinks China Bears Shouldn’t Short The Australian Dollar
Business Insider – Shorting the Australian dollar is one of the most popular trades in the world right now. But the co-founder and chief executive of hedge fund PAAMCO, Jane Buchan, thinks it’s a waste. Read Complete Article
Veterans of Closed Hedge Fund Start Anew
WSJ – A veteran of hedge fund Asian Century Quest Capital LLC plans to launch a fund later this year, the first spinout from what was once one of the largest hedge-fund firms focused on Asia. ACQ, which managed almost […]
‘Black Swan’ hedge fund plans UCITS vehicle
Investment Week – 36 South, the hedge fund whose ‘Black Swan’ vehicle returned 200% in 2008, plans to launch a UCITS version of its long-volatility structure for investors concerned with the current market environment. 36 South CEO and CIO Jerry […]
Hedge fund CEO gives $2.5M to Rauner campaign
AP – A Chicago hedge fund CEO’s $2.5 million donation to the campaign of Republican candidate Bruce Rauner has been termed the largest single donation in an Illinois governor’s race in the post-Watergate era. Campaign disclosure records show 45-year-old Citadel […]
3 of the biggest hedge fund failures ever
USA Today – Rule No. 1 of investing, as Berkshire Hathaway chairman and CEO Warren Buffett famously put it, is to never lose money; rule No.2 is never forget rule No. 1. As intuitive as this rule is, it’s not […]
Survey Finds 73% of PE-Backed Companies Are Making New Investments
New York (HedgeCo.Net) – According to the Private Equity Growth Capital Council’s inaugural Private Equity Decision Makers Survey, nearly three fourths (73 percent) of private equity professionals responsible for investment decisions say a majority of their portfolio companies are hiring and […]
IRS Issues New Rule Regarding Hedge Fund Fees
New York (HedgeCo.Net) – The IRS is backing investors who want to change the amount of fees a hedge fund firm can charge. By issuing a new rule reducing the incentive fees assessed by hedge funds for institutional investors, the […]
SS&C GlobeOp Hedge Fund Performance Index: May Performance, June Net Flows
New York (HedgeCo.Net) – The gross return of the SS&C GlobeOp Hedge Fund Performance Index for May 2014 measured 1.04%. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 1.01% in June. “Net flows increased slightly […]
Ex-John Thomas hedge fund manager loses bid to toss SEC case
Investment News – Houston hedge-fund manager George Jarkesy Jr. must face a Securities and Exchange Commission case in which he was accused of steering bloated fees to the John Thomas Financial Inc. brokerage. Mr. Jarkesy lost a bid to throw […]