Author Archives: Editor
Hedge fund manager conned La. retirement systems out of $100 million, report says
The Advocate – A New York hedge fund manager apparently conned three Louisiana retirement systems out of $100 million in an investment scheme that promised high returns with low risk, a court-appointed bankruptcy trustee says in a recent report. In […]
U.S. hedge fund Golden Tree increases stake in Postmedia
Financial Post – U.S. hedge fund Golden Tree Asset Management LP increased its stake in Postmedia Network Canada Corp. last month and now owns 39% of the newspaper chain’s shares. The New York City-based fund is Postmedia’s largest shareholder and […]
Billionaire Hedge Fund Manager David Tepper Is Having A Huge Year
Forbes – Billionaire David Tepper’s hedge fund firm, Appaloosa Management, celebrated its 20th anniversary in 2013 and it’s turning into a year to remember for the former Goldman Sachs trader. Tepper’s big Palomino hedge fund posted net returns of 37.86% this year through […]
Hedge Fund Research: Endowments and Foundations In 2014
New York (HedgeCo.Net) – The inaugural NEPC poll found that 40% of respondents were planning to raise their allocations to hedge funds and real assets in 2014. NEPC, which is a consulting firm to endowments and foundations, said: “Generally speaking, we found that senior investment […]
California Hedge Fund Invests $50 Million In Snapchat
New York (HedgeCo.Net) – California-based hedge fund Coatue Management has invested $50 million in Snapchat, the photo messaging application developed by Stanford University students Evan Spiegel and Robert Murphy. The hedge fund is run by brothers Phillipe and Thomas Laffont, who recently released incorporation documents suggesting Snapchat may […]
Schwarzman Says Blackstone Sold Long Fixed-Rate Holdings
Bloomberg – Blackstone Group LP co-founder Steve Schwarzman said his firm sold most long-dated fixed-rate investments and moved to floating-rate investments as interest rates start to rise. “We exited almost all of our long-duration fixed-rate investments probably four or five […]
FirstGroup rejects US hedge fund break-up proposal
Independent – FirstGroup has rejected pressure from a US investor to sell-off its North American bus business in a bid to boost shareholder value. New York-based hedge fund Sandell Asset Management, which has a 3.1 per cent stake in FirstGroup, […]
Citigroup adds director with hedge fund, banking experience
Reuters – Citigroup Inc named Duncan Hennes, a co-founder of bank advisory firm Promontory Financial Group and a former CEO of Soros Fund Management, to its board of directors on Wednesday. Hennes, 57, a principal of money manger Atrevida Partners LLC […]
Hedge Fund Lions’ Den: Managers voice concerns over lack of investment
Risk – Emerging managers get up close and personal with industry experts in episode four of Hedge Fund Lions’ Den. Aperios, Laurentia and Strategis have a chance to learn from the lions Hedge Fund Lions’ Den continues with encounters, part […]
Investors add to hedge fund holdings in November: data
Reuters – Investors added more cash to hedge funds than they redeemed in November, encouraged by managers making money even as the stock market rally paused, new data showed on Wednesday. The SS&C GlobeOp Capital Movement Index, which calculates monthly […]
Hedge Fund People: Blackstone Appoints Paul Quinlan As CFO Of Mortgage Division
New York (HedgeCo.Net) – Paul D. Quinlan, a former director at Merrill Lynch and managing director in the finance division of hedge fund investment giant Blackstone Group, has been appointed Chief Financial Officer of the Blackstone Mortgage Trust, Inc. “We […]
ABN AMRO Clearing voted ‘Proprietary Traders Clearing Firm of the Year’ in industry awards
User Contributed News – ABN AMRO Clearing was last night named ‘Proprietary Traders Clearing Firm of the Year’ in the annual international awards of Futures & Options World (FOW) magazine, part of Euromoney Institutional Investor. The awards were voted for […]