Author Archives: Editor
Analysis: Fund managers missed the Tesla boat, still overlooking Musk
Reuters – Mutual fund stock pickers like to say they earn their higher fees because they spot good companies before they rally. But this year, many of those fund managers missed out on one of the hottest stocks in the […]
Citigroup Selling Servicing Rights as Banks Shrink Role
Bloomberg – The U.S. mortgage market’s largest lenders are pulling back amid looming regulations and a drop in refinancing that fueled record profits last year. Citigroup Inc. (C), the third-biggest U.S. bank, is selling mortgage-servicing rights on $63 billion of loans, […]
Barclays found liable in $300 million Black Diamond dispute
Reuters – British bank Barclays Plc breached a derivative agreement with a Black Diamond Capital Management unit and must return an estimated $297 million in collateral to the hedge fund, a divided New York state appeals court ruled on Thursday. Barclays […]
Highbridge Said to Seek $250 Million for New Asia Hedge Fund
Bloomberg – Highbridge Capital Management LLC, the JPMorgan Chase & Co. unit that manages about $31 billion, is starting an Asia hedge fund, returning to the market more than two years after shutting a predecessor fund. Highbridge plans to raise […]
The SEC’s Proposal on Crowdfunding
New York (HedgeCo.Net) – The SEC yesterday voted unanimously to propose rules under the JOBS Act to permit companies to offer and sell securities through crowdfunding. “There is a great deal of excitement in the marketplace about the crowdfunding exemption, […]
SEC chair pushes hedge funds to be more open on private stock deals
Reuters – The head of the U.S. Securities and Exchange Commission vowed to plow ahead with controversial new rules requiring hedge funds to disclose details about private stock deals before advertising them, a move that is likely to irk the […]
Hedge funds wanted Summers to head Fed
CNN – Billionaire hedge fund managers slammed the White House’s handling of the Federal Reserve chair nomination process thus far and are disappointed that Larry Summers won’t get the job. “I think the process, specifically talking about Larry Summers and […]
Hedge funds prepare to mop up bad Spanish company loans
Reuters – Hedge funds are circling Spanish banks, hoping to mop up bad corporate debt cheaply when the lenders finally face up to billions of euros in losses on loans to firms in trouble. Spanish companies are among the most […]
Hedge fund TCI lands 5.8% Royal Mail stake: the questions get harder for Vince Cable
Guardian – So, despite Vince Cable’s efforts, a big hedge fund has got its hands on a slice of Royal Mail. Not just any hedge fund either. It’s Chris Hohn’s TCI, which had a prominent role in 2007 as agitator-in-chief […]
Hedge fund mogul in nasty divorce battle with ex
NYP – A Dallas hedge-fund mogul trying to sidestep a $5 million pre-nup pact payout to his ex-wife will find out as soon as this week if his claims of insolvency will work. James Dondero, co-founder and president of the […]
Charles Griffin Intelligence Launches Bad Actor Due Diligence Service
Press Release – As hedge funds rush to comply with new SEC rules that mandate the detection and reporting of “Bad Acts” by directors and others, they are faced with the requirement that they conduct a kind of due diligence […]