Author Archives: Editor
Adam Bernstein, Fund Manager at Highbridge, Plans to Start New Hedge Fund
WSJ – A veteran Highbridge Capital Management LLC fund manager overseeing investment decisions in one of its larger and more profitable hedge-fund stock portfolios has told firm executives he plans to leave with two colleagues to start a new hedge […]
RPT-Hedge funds look to put strategies into ETFs to lure more investors
Reuters – More client-hungry hedge fund managers are looking to put their investment strategies to work in exchange-traded funds, a move that could exponentially expand their pool of investors but requires them to slash investment management fees. That is a […]
SEC Charges Five Dewey & LeBoeuf Executives
New York (HedgeCo.Net) – The SEC has charged five executives and finance professionals with facilitating a $150 million fraudulent bond offering by the now out of business Dewey & LeBoeuf, the international law firm where they worked. Chairman Steven Davis, […]
WTI Oil Falls as China Export Drop Signals Slower Growth
Bloomberg – West Texas Intermediate and Brent crudes fell for the first time in three days after exports from China unexpectedly shrank, stoking speculation the world’s second-largest oil consumer may miss economic growth targets. Futures lost as much as 1.5 percent in […]
‘Black swan events’: don’t sell your stocks out of panic
Guardian – On Wall Street, a “black swan” moment is one during which investors panic in response to shocking news – as unexpected as seeing a black feathered creature in a snowy-white flock. Nothing felt more like one of those infamous […]
Gold regaining hedge fund lustre despite Goldman slump call
Bloomberg – Gold is getting more attractive to hedge-fund managers even as Goldman Sachs Group Inc. says the metal’s surprising rally this year will soon fizzle. Hedge funds and other speculators expanded bets on higher prices for a fourth week […]
Citi Private Bank making big pitch for hedge fund wealth
Stamford Advocate – From his second-floor office here on Steamboat Road, Keith Gertsen can gaze out across Greenwich Harbor at one of the world’s most-exclusive neighborhoods: Belle Haven, a mansion-filled peninsula that’s home to three of Connecticut’s 15 billionaires. Nearer still, his office […]
After Big Bet, Hedge Fund Pulls the Levers of Power
NYT – At a Midtown Manhattan steakhouse last June, William A. Ackman, the activist hedge fund manager who had bet a billion dollars on the collapse of the nutritional supplement company Herbalife, offered his latest evidence to a handful of […]
Credit Suisse CSLAB: Hedge Funds Finished Up 1.49% In February.
New York (HedgeCo.Net) – The Credit Suisse LAB Index was up 1.49% in February according to Dr. Jordan Drachman, Head of Alternative Beta Strategies at Credit Suisse. Dr. Drachman noted, “The Credit Suisse Liquid Alternative Beta Index (“CSLAB”), which aims to […]
Activist Strategies Lead Hedge Fund Performance in 2014
New York (HedgeCo.Net) – Hedge funds posted their highest return in February since January 2012, supported by rising equity and commodity markets. Hedge funds are outpacing the S&P by nearly 100 basis points in 2014, according to the February 2014 February […]
U.S. backs Argentina in bank subpoena case over holdout creditors
HedgeWorld – The U.S. government has backed Argentina in one of its cases against sovereign bond investors who declined to participate in restructurings following the country’s 2002 default, according to a brief that was filed this week. The U.S. Supreme […]
John Paulson’s Hedge Funds Said to Rally in February
Bloomberg – Billionaire hedge-fund manager John Paulson posted gains in his firm’s main strategies in February as bets on gold, mergers and credit paid off. Paulson & Co.’s event-driven Advantage Plus fund jumped 9.8 percent during the month and is up 13 […]