Author Archives: Editor
Hedge funds back Geithner as Fed chief
CNBC – Former U.S. Treasury Secretary Tim Geithner shouldn’t be ruled out as a candidate for the next Federal Reserve chairman, according to delegates at a big U.S. hedge fund event in Singapore. Ben Bernanke’s term as chairman of the […]
Renaissance Technology Hedge Fund Founder Wins Carnegie Medal of Philanthropy
New York (HedgeCo.Net) -The American mathematician who founded one of the world’s most successful hedge fund companies, Dr. James Harris Simons and his wife, economist Dr. Marilyn Simons are this year’s recipients of the Carnegie Medal of Philanthropy, which recognizes those who use […]
Hedge Fund Mergers And Acquisitions: GAIN Capital Completes Acquisition of GFT
New York (HedgeCo.Net) – Hedge fund resource provider GAIN Capital Holdings, Inc., has completed the acquisition of Global Futures & Forex, LTD (“GFT”). “The acquisition of GFT will yield numerous benefits for our clients, partners and shareholders,” said Glenn Stevens, Chief […]
SEC Charges Former President of California-Based Investment Firm With Fraud
New York (HedgeCo.Net) – The former president of a purported private equity real estate firm based in San Bernardino, Calif., has been charged with defrauding nearly 500 investors who purchased promissory notes under the false premise that they were secured […]
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 […]
Most Traditional Hedge Fund Strategies Probably Aren’t Worth Big Fees Anymore
Business Insider – One of the highlights of yesterday’s Bloomberg Markets 50 Summit was, without a doubt, the conversation between alternatives king Cliff Asness (AQR) and Lawrence M. Schloss, who is the Chief Investment Officer for the City of New York’s $145 […]
Hedge funds decry Larry Summers ‘fiasco’
CNBC – Prominent hedge fund managers on Tuesday criticized President Obama’s decision not nominate Larry Summers to be chairman of the Federal Reserve. “I think the process, specifically talking about Larry Summers and the decision to not move forward with […]
A Hedge Fund Manager Who Doesn’t Mind a Losing Bet
NYT – Meet Mark Spitznagel, the hedge fund manager who doesn’t mind a losing bet. Mr. Spitznagel, the founder of Universa Investments, which has around $6 billion in assets under management, says the stock market is going to fall by […]
Bank of England puts hedge funds’ ‘threat to stability’ under microscope
Evening Standard – The Bank of England’s risk-watchers put hedgies in the spotlight today as potentially vulnerable to rising market interest rates. The Financial Policy Committee, chaired by Governor Mark Carney, is to carry out more research with the Financial […]
Hedge Fund People: Managed Funds Association Announces 2013-2014 Board of Directors
New York (HedgeCo.Net) – The Washington-based Managed Funds Association (MFA), unanimously elected John R. Torell, IV, the managing director and chief financial officer at Tudor Investment Corporation, as its Chair. As a representative of the global community of hedge fund […]
The Cowboy Traders Behind Wall Street’s Largest Hedge Fund Disaster
Financial Adviser – Larry Fink, founder of BlackRock, the New York-based investment management firm, asked a simple question: “When you see aberrant success, you have to ask, “Did I take too much risk?’’ In spring 2006, Fink was “troubled by […]
Cantillon: The global hedge fund community swarms into town
Irish Times – Hotels across Dublin had better stock up on Krug champagne, Louis XIII cognac and Beluga caviar. The cream of the global hedge fund community is in town for an industry jamboree. The hush-hush event is called HedgeCraic, […]