Author Archives: Editor
Top Hedge Fund Strategy for 2013: Distressed Debt, up 17.95%
New York (HedgeCo.Net) – Total assets in the hedge fund industry increased by almost 13% during the year to breach the $2.0 trillion mark, Eurekahedge reports today. The total AUM of the industry currently stands at $2.0 trillion. Hedge funds […]
Global Hedge Fund Giant Sells UK’s TDX
New York (HedgeCo.Net) – The $10.5 billion global hedge fund investor, Investcorp, is selling the UK’s largest debt placement services and debt management platform company, TDX, to Equifax Inc., a global information solutions provider, for £200 million ($327 million). Through its technology […]
Hedge funds’ top five currency bets for 2014
Sydney Morning Herald – Hedge funds think 2014 could be the year their currency bets finally pay off, after getting burned last year on trades ranging from the Australian dollar to the greenback. The influence of central banks and competition […]
Hedge fund TCI cuts stake in Royal Mail
Telegraph – Chris Hohn, the boss of TCI, has cut his holding in Royal Mail three months after building it, apparently confirming Vince Cable’s fears that hedge funds would not be long-term holders of the company. In a regulatory statement, […]
Hedge-Fund Manager Elliott Raises Stake in Celesio
Nasdaq – Hedge-fund manager Elliott Capital Advisors has raised its stake in Celesio AG to 32.01%, the German pharmaceutical wholesaler said Monday. The increase comes after McKesson Corp.’s unsuccessful takeover bid for Celesio, in which the U.S. drug distributor failed […]
Goldman Sachs Alumni Said to Open Japan Hedge Fund by March
Bloomberg – Golvis Investment Pte, founded by three former Goldman Sachs Group Inc. managing directors, plans to open its Japan-focused multistrategy hedge fund to investors this quarter, said two people with knowledge of the matter. Golvis Asia Opportunities Fund returned […]
Face it City boys, here’s why women make better hedge fund managers than men
Telegraph – Unlike the investment banking species, the hedgie is not a sociable creature. Little is revealed about who they are, what they look like, or indeed how much they make for themselves and their clients. There are a couple […]
For the Love of Money
NYT – In my last year on Wall Street my bonus was $3.6 million — and I was angry because it wasn’t big enough. I was 30 years old, had no children to raise, no debts to pay, no philanthropic […]
Former Hedge Fund Trader Describes “Wealth Addicts” On Wall Street
Gothamist – In an illuminating op-ed for the Times, a former hedge fund trader describes how he supplanted his drug and alcohol additions with an addiction to money. “I was a giant fireball of greed,” Sam Polk writes. “I’d think […]
Hedge funds’ top five currency bets for 2014
Reuters – Hedge funds think 2014 could be the year their currency bets finally pay off, after getting burned last year on trades ranging from the Australian dollar to the greenback. The influence of central banks and competition among nations […]
Boston hedge fund Esplanade Capital boosts offer for Nevada casino operator
BizJournal – Unwilling to back down in its drive to buy Archon Corp., Boston hedge fund Esplanade Capital LLC has upped its offer to $111 million. The $19.25-a-share offer tops Esplanade’s June offer of $18.50 a share for the Nevada-based […]
30% Of Institutional Investors Plan To Increase Hedge Fund Allocations
New York (HedgeCo.Net) – Major global institutional investors say they plan to increase their allocations to alternative investments, with a bias towards real estate and real assets, during 2014, according to a global survey of institutions conducted by BlackRock. “Within […]