Author Archives: Editor
BNY Mellon To Help Hedge Funds Master New Regulations
New York (HedgeCo.Net) – In order to help hedge fund managers cope with the new regulations laid out by the Alternative Investment Fund Manager’s Directive (AIFMD), BNY Mellon has launched a service that helps fund managers identify, aggregate and manage […]
The £22m football bet: Hedge fund guru Crispin Odey shorts Manchester United shares
This Is Money – Hedge fund guru Crispin Odey has made a £22million bet that Manchester United’s poor performance on the field will be echoed in the stock market. The founder of Odey Asset Management has taken out a 0.78 […]
Exclusive: Jefferies wealth head Peters resigns to join hedge fund
Reuters – Markman Peters, who joined Jefferies & Co in 2009 to run and expand its wealth management business, is leaving to join a distressed debt hedge fund, according to two persons familiar with his plan. Peters, a managing director […]
Canada Goose bought by U.S.-based Bain Capital
CBC – New York private equity firm Bain Capital has bought a majority stake in Canadian winter gear manufacturer Canada Goose for an undisclosed sum. The two companies announced the deal in a news release Tuesday. Founded in Toronto in 1957, Canada […]
Hedge Fund Seeks Higher Bid in Pharmaceutical Merger
NYT – Elliott Management, the New York-based hedge fund founded by Paul Singer, urged the McKesson Corporation on Tuesday to sweeten its deal to acquire the German pharmaceutical wholesaler Celesio, saying its tender offer to acquire the outstanding shares of Celesio “substantially […]
SAC Fund Manager Wants Jury to Hear Kinnucan Discussion
Bloomberg – A lawyer for SAC Capital Advisors LP fund manager Michael Steinberg said an excerpt of a secret recording that he says depicts the money manager as wary of inside information should be heard by a jury to demonstrate […]
Texas Oil Investment Firm’s Assets Frozen
New York (HedgeCo.Net) – The SEC has frozen the assets and announced charges against the perpetrators of a Texas-based Ponzi scheme involving purported investments in oil and gas projects. “Robert A. Helms and Janniece S. Kaelin misled investors about their […]
Volcker Rule Eases Market-Making While Hedges Face New Scrutiny
Bloomberg – U.S. financial regulators, taking a landmark step in the five-year effort to rein in Wall Street, decided to curb some types of trading while largely freeing chief executives from personal responsibility in the final version of the Volcker […]
Ex-Deutsche Bank energy traders launch hedge fund
Risk – As Deutsche Bank retreats from commodities markets, three of its former top US power and gas traders have set up a new hedge fund specialising in financial transmission rights (FTRs), a type of instrument whose payout depends on […]
New hedge funds need $300 mln in assets just to break even
Reuters – Traders launching a hedge fund need to raise at least $300 million in assets to pay for rising regulatory costs and to offset lower fees, a survey showed, a far cry from the pre-crisis days when managers could […]
Hedge-Fund Guy Cohen’s Plausible Deniability
Bloomberg – If Mathew Martoma was ever going to strike a deal with the government and turn against his former boss, Steven A. Cohen, he probably would have done it a long time ago. The odds that he ever will […]