Author Archives: Editor
Big Investors Haven’t Been This Happy With Hedge Fund Performance Since Before The Financial Crisis
Business Insider – Institutional investors haven’t been this happy with the performance of their hedge fund investments in years, according to a new survey by Preqin, a research and consultancy firm focused on alternative asset classes. In its December Hedge Fund […]
Red Lobster Steamed, Served Up for Hedge Fund
Motley Fool – In its second-quarter earnings announcement, Darden Restaurants revealed that it was planning on ditching Red Lobster. Management said that the Red Lobster brand had diverged from the Darden pack, and that it made more sense to spin it off […]
Fidelity Plants Flag in Hedge-Fund Turf
WSJ – Fidelity Investments launched two “event-driven” mutual funds, the latest foray by the firm into a sector traditionally dominated by hedge funds. The launch on Wednesday of the Fidelity Event Driven Opportunities Fund and Fidelity Advisor Event Driven Opportunities […]
U.S. jury convicts ex-Millennium Global manager of fraud
Reuters – A U.S. jury on Wednesday found former London-based portfolio manager Michael Balboa guilty of fraud over a scheme to inflate his hedge fund’s assets and management fees by manipulating the value of Nigerian debt. Jurors issued their verdict […]
Amazon? ‘I’m not so convinced’: Hedge fund manager
CNBC – Amazon never seems to be able to generate profits, yet the investing public continues to be amazingly tolerant, said Paul Isaac, founder of the $900 million hedge fund Arbiter Partners. “People are looking for growth, and they see […]
JOBS Act: Surfing Hedge Fund Video Goes Viral In Financial Circles
New York (HedgeCo.Net) – In November of this year $100 million hedge fund investor Topturn Capital aligned itself with professional Australian surfer Joe Curren. Today, the hedge fund reports that over 6,000 people watched the marketing pitch in four days, easily […]
December’s issue of The Eurekahedge Report
Total assets in the hedge fund industry reached a new record high of US$1.99 trillion, increasing by US$213 billion during the year Of this increase, US$127 billion was raised through net asset flows whereas US$86 billion accrued through performance-based gains […]
Fraudulent Fund Faces SEC In “Make A Lot Of Money” Scheme, 6 Charged
New York (HedgeCo.Net) – Another “get rich scheme” is under fire by the SEC today after a Swiss-based “hedge fund,” Malom Group AG, and six individuals in Las Vegas and Zurich raised $11 million from U.S. investors by using a series […]
First Volcker Victim? Zions Dumping Its Hedge Funds
Mat Levine (Bloomberg) – Two things that I took away from Zions Bancorporation’s run-in with the Volcker rule today are: 1. I seem to have been wrong about one important effect of the Volcker rule, and 2. Zions had a […]
No letup on risk for hedge funds this December
CNBC – A long-held perception is that hedge funds, especially those up big for the year, like to take it easy in December. Why keep risk on, the thinking goes, when you can guarantee a fat, marketing-friendly return for the […]
Calpers boosts Asia hedge fund Double Haven’s assets to $710 mln
Reuters – The California Public Employees’ Retirement System (Calpers), the biggest U.S. public pension fund, has invested about $100 million in Asian credit hedge fund Double Haven, a fresh sign that investor interest in Asia-based managers is rekindling. Although the […]
GLG soft-closes market neutral hedge fund at $1bn
Investment Europe – GLG has soft-closed its Market Neutral fund managed by Steve Roth after inflows took the strategy beyond $1bn (£610m) in size. The group has been preparing to soft-close the fund at $1bn for some time, and earlier […]