Author Archives: Editor
Hedge Funds Cut Bullish Gold Bets on Fed Stimulus Outlook
Bloomberg – Hedge funds cut bullish gold bets, adding the most short contracts in four weeks, as U.S. economic growth fuels speculation the Federal Reserve will trim stimulus. Holdings across commodities dropped the most since April. The net position in gold slid 13 […]
‘Long-Only’ Funds Lose Their Hedge
WSJ – On the heels of a multiyear market rally, a slew of hedge-fund firms are launching “long-only” funds betting that at least some stocks have further to climb. The moves come amid a brutal stretch for short bets against […]
Cyber attack ‘war game’ to test London banks on Nov. 12
Reuters – Thousands of staff across dozens of London financial firms will be put through a “war games” scenario on Tuesday [Nov. 12] to test how well they can handle a major cyber attack, people familiar with the matter said. […]
SEC Probing Goldman’s Currency Trading Activities
New York (HedgeCo.Net) – Goldman Sachs Group revealed in a regulatory filing on Thursday that it is being investigated over its currency trading activities. The SEC has begun a regulatory probe into the company, including one into its commodities trading, Goldman is cooperating […]
SEC Charges RBS Subsidiary with Misleading Investors
New York (HedgeCo.net) – RBS Securities Inc., is under fire by the SEC for misleading investors in a 2007 subprime residential mortgage-backed security (RMBS) offering. RBS agreed to settle the matter and pay more than $150 million, which the SEC […]
US Hedge Fund and Banker Bonuses to Jump 10% in 2013
International Business Times – US hedge fund and banker bonuses are set to rise by 10% in 2013 but there is still a pay disparity between different business sectors on Wall Street, says a consulting firm. According to a fresh […]
Mariner encourages hedge fund community to adopt UN PRI
Risk.net – Mariner Investment Group has become one of the few US hedge funds to adopt the UN principles for responsible investment. CEO Bracebridge Young thinks other funds should take up the standards Global alternative asset manager Mariner Investment Group […]
ValueAct Hedge Fund’s Big Microsoft Bet Is Paying Off So Far
Forbes – When Jeffrey Ubben’s ValueAct Capital Management disclosed its $2 billion position in Microsoft in April, it seemed like the activist hedge fund could be in over its head in trying to shake things up and bring change to […]
Ex-SAC manager seeks to hide hedge fund ties
NYP – Former SAC Capital Advisors money manager Michael Steinberg doesn’t want prospective jurors on his insider-trading trial to know he worked at Steve Cohen’s now-notorious hedge fund. Steinberg is charged with conspiracy and securities fraud tied to trades in […]
Hedge Fund Is Said to Push for Men’s Wearhouse Merger
DealBook – Over the last two months, Men’s Wearhouse has steadfastly rebuffed a $2.3 billion takeover bid by a smaller rival, Jos. A. Bank. Now, an activist investor is hoping to change the retailer’s mind. A hedge fund, Eminence Capital, […]
SAC Capital: Hedge Fund Billionaire’s Baseball Dreams Fall Through
New York (HedgeCo.Net) – N.Y. District Judge Richard Sullivan has signed off on a $900 million judgment, part of the $1.2 billion settlement reached by the SEC and hedge fund billionaire Steven Cohen. The settlement is the largest insider trading penalty […]