Author Archives: Editor
Don’t Become A Casualty Of This Hedge Fund War
NASDAQ – It all started 10 years ago when Bill Ackman’s first hedge fund was imploding. Ackman reluctantly turned to fellow hedge fund manager Carl Icahn for help. What has followed is a decade of warring that has now culminated […]
CQS’s Former Hedge-Fund Manager Said to Start Own Firm
Bloomberg – Alistair Lumsden, who stepped down as head of a $2.3 billion hedge fund focused on asset-backed securities at CQS U.K. LLP last year, is starting his own firm, said a person with knowledge of the matter. Lumsden, 44, […]
Hedge Funds Cut Back on Fees
Yahoo – Pressure from disappointed investors is forcing hedge funds to roll back their fees, putting the standard charge of 2% of assets under management and 20% of investment profits on the endangered list. Until a few years ago, most […]
Opinion: Hedge Fund Advertising To Pique Retirement Investors Interest
New York (HedgeCo.Net) Adam Bergman, an in-house tax attorney with the IRA Financial Group believes that the repealing of the hedge fund advertising ban will help clarify the strategies used by hedge-fund managers when appealing to retirement investors. “Based on my conversations […]
Hedge funds tread carefully around Detroit bankruptcy
Risk.net – The current legal and political wrangling surrounding Detroit’s long-awaited decline into bankruptcy may outweigh opportunities for hedge funds to gain exposure to the city’s debt. The July 18 announcement that the city of Detroit, Michigan, would file for […]
Hedge Fund Backs CEO Caught In Police Sting
New York (HedgeCo.Net) – The hedge fund manager who was caught in a prostitution sting will continue on in his positions as chief executive and chief investment officer at Common Sense Investment Management, a $3.2 billion fund of funds. “(Jim Bisenius) will […]
Lyxor names new global leader for hedge fund research
Pensions & Investments – Frank Frecentese was named global head of hedge fund research by Lyxor Asset Management, confirmed Mehdi Aliouat, a company spokesman. Mr. Frecentese is based in Lyxor’s New York office and reports to Lionel Erdely and Nicolas Gaussel, co-chief investment officers. […]
Ackman Is Out, But J.C. Penney Still Has To Answer To Hedge Fund Holders
Forbes – When Bill Ackman’s Pershing Square Capital accepted defeat and unloaded its stake in JC Penney last week it might have seemed like the department store chain would have one fewer hedge fund breathing down its neck. That, however, is not […]
BofA Hedge Fund Suit Against Bear Stearns Dismissed
law 360 – A New York federal judge dismissed a lawsuit accusing two former Bear Stearns Cos. hedge fund managers of deceiving Bank of America NA into entering into a costly, failed transaction, ruling Tuesday that the bank couldn’t prove […]
Lonsec highlights hedge fund classification concerns
FS – Investment research house Lonsec has highlighted unintended consequences of ASIC’s proposed new rules affecting hedge funds, which could see investors increase the risk in their portfolios. ASIC Regulatory Guide 240, which was released in September 2012, aimed to […]
Agecroft Believes Momentum in Asset Growth is Vital to Successfully Raising Hedge Fund Assets
Many small to mid-sized hedge funds become frustrated because their firm’s assets under management are not growing and they believe the market is biased against them based on their asset size. They are constantly hearing that a majority of assets […]
Former Dendreon CEO and Dendreon Bull Start New Biotech Hedge Fund
Xconomy – Mitch Gold made a lot of money as the CEO of Dendreon, the Seattle-based cancer drug developer. David Miller made his reputation as an investment analyst with in-depth, bullish reports on the company. Now these two are going […]