Author Archives: Editor
Hedge Fund’s $100 Million Bet: Iran Will Pay for Terror Attack
WSJ – A U.S. hedge fund plans to bet as much as $100 million that it can collect on a court judgment against Iran for one of the deadliest terrorist attacks ever aimed at Americans, according to marketing documents and […]
Apsley joins forces with industry heavyweight to tackle AIFMD insurance requirements
London: New Insurance provider Apsley Specialty (“Apsley”) has come together with major industry player PartnerRe to launch a specialist underwriting service to the Hedge Fund sector to deal with the new AIFMD requirements. The agreement, which has a long term […]
Charter Schools in Wealthy Areas at Center of NYC Battle
Bloomberg – At Success Academy Union Square, a charter school in Manhattan, parents dropping off kindergartners one frigid morning include a radiologist with a Louis Vuitton bag slung over one shoulder and a fashion designer married to an investment banker. Some […]
Bubble or not, it’s a stock-pickers market: Hedge funds
CNBC – Hedge fund managers say there’s still plenty of money yet to be made in the stock market—it’s just a matter of picking the right companies. “We believe almost every sector has some alpha opportunity,” Jacob Gottlieb, chief investment […]
Asia hedge funds add $20 bln in first growth in 3 yrs
Reuters – Asia-focused hedge funds added $20 billion in assets in 2013, recording their first growth in three years and boosting the industry’s size to $158.8 billion, according to a survey from tracker AsiaHedge. The industry still remains about $33 […]
Hedge Fund Uses Hitler Parody in Campaign Against Ocwen Chairman
NYT – If you’re looking for a little attention, it’s hard to go wrong with Hitler. Glaucus Research, a little-known hedge fund in California, has started an attack on the billionaire William C. Erbey, the chairman of Ocwen Financial, and to publicize […]
Blue Sky to acquire hedge fund
The Australian – Blue Sky Alternative Investments plans to acquire hedge fund Investment Science Asset Management, which has $70 million in funds under management. The financial details of the acquisition were not disclosed. Brisbane-based Blue Sky, which has about $400 million in funds […]
SEC Charges Two In Insider Trading Deal Where Middleman Ate The Evidence
New York (HedgeCo.Net) – A stockbroker and a managing clerk at a hedge fund law firm have been charged with insider trading and making illicit profits of $5.6 million during a four-year period, Reuters reports. Vladimir Eydelman and Steven Metro […]
Ex-IMF chief Strauss-Kahn-led hedge fund aims to raise $2 billion
Reuters – Former International Monetary Fund chief Dominique Strauss-Kahn plans to raise $2 billion in a macro hedge fund, his firm, LSK & Partners, said on Thursday, as investors continue to back a low-risk and rapidly growing investment strategy. The […]
Hedge Funds Care? Disrupt Your Conventional Thinking
HuffPo – Last week, on another one of those chilled evenings that have become so familiar this winter in New York, I attended one of Manhattan’s most cherished hedge fund industry events: the 16th annual Hedge Funds Care benefit. On […]
Mitsubishi UFJ Fund Services acquires hedge fund administrator Meridian Fund Services Group
P&I – Mitsubishi UFJ Fund Services on Wednesday announced it acquired hedge fund administrator Meridian Fund Services Group, pending regulatory approval. Terms were not disclosed, said Alistair Scott, Mitsubishi UFJ spokesman. Meridian was owned both by management and outside investors, […]