Author Archives: Editor
Currencies funds feel strain of US deadlock
New York – Currencies traders do not know which way to turn. This was meant to be the year the dollar would come roaring back against other major currencies, as the US recovery picked up steam and the Federal Reserve […]
GLG Appoints Peter J. Grondin as a Senior Research Analyst
GLG, the discretionary investment management division of Man Group plc (“Man”), has appointed Peter J. Grondin as a Senior Research Analyst. Peter will join the North American Equities team, reporting to John Gisondi. He will focus on industry sectors including […]
Gearing up to short stocks again
CNBC – The Federal Reserve’s easy-money policy will eventually lose its efficacy, creating a nurturing climate for market bears, hedge-fund manager Bill Fleckenstein said Friday. “At this juncture, I’m just moving forward so I could restart my fund early next […]
Three US Financiers To Share The Nobel Prize in Economic Sciences 2013
New York (HedgeCo.Net) – The Royal Swedish Academy of Sciences has awarded the Sveriges Riksbank Prize in Economic Sciences to Eugene Fama, Lars Peter Hansen and Robert Shiller “for their empirical analysis of asset prices.” The prize amount is SEK 8 million ($1.2 […]
People Moves: Hedge Fund Veteran Lionel Erdely Joins Investcorp
New York (HedgeCo.Net) – Industry veteran Lionel Erdely has joined Investcorp’s New York-based hedge fund group as Head of Hedge Funds and Chief Investment Officer. Erdely joins Investcorp from Lyxor Asset Management, a subsidiary of Societe Generale Group with approximately $100 […]
Hedge fund investing in Royal Mail employs George Osborne’s friend
The Telegraph – More than 40,000 people who tried to buy shares in the privatisation have received nothing at all. By contrast City institutions were able to buy two thirds of the newly privatised company. Lansdowne Partners, one of the […]
Miami to NY hedge funds: We’re ready for you now
Miami Herald – Miami hopes to lure hedge funds out of New York with an updated twist on a familiar message: Come south for warm winters, zero state or city income tax and — finally — a downtown worthy of […]
Hedge fund firm opens EU fund to keep insurance client
Reuters – Hedge fund firm Finisterre Capital has launched an EU-regulated fund after one of its insurance clients threatened to pull out its money from an existing fund because new industry rules will make it more expensive to invest in […]
Hedge Fund Bears at Year High as Equities Focus on Budget
Bloomberg – Hedge funds, whose bearish bets on stocks have held their returns to half the Standard & Poor’s 500 Index in 2013, pushed short sales close to the highest level of the year just as the U.S. budget impasse spurred a […]
Hedge Fund Closures Can’t Slow Retail-Merger Flurry: Currencies
Bloomberg – FXCM Inc., the largest retail currency broker in the U.S., is leading a wave of buyouts and mergers in this corner of the $5.3 trillion-a-day foreign-exchange market as tougher regulation increases costs. In the past month, New York-based […]
CalPERS plans search for hedge fund managed account platform
P&I – CalPERS will issue an RFP for a managed account investment platform provider for its $5.2 billion hedge fund portfolio, pending approval by the board of trustees of the $269.1 billion pension fund at its Oct. 14 meeting. The […]