Author Archives: Editor
Market Outlook | Sam Kassahun
“Judge a tree from its fruit, not from its leaves.” Euripides (480-406 BC) Stimulus questioned The most powerful and most prevailing theme in this ongoing bull market run is how participants continue to credit and adore the powers of the […]
Brevan Howard Traders Said to Depart as Fund Posts Loss in June
Bloomberg – Two Brevan Howard Asset Management LLP credit traders left in recent weeks, as the firm scales back after its biggest hedge fund had the worst monthly loss since 2008 in June, two people with knowledge of the matter […]
Hedge fund corn shorting spurs price spike fears
AgriMoney – The extent of the bets on falling prices that hedge funds have taken out on corn has spurred fears of a “fairly large short-covering rally”, a broker warned, as futures in the grain extended a recovery from near-three-year […]
Readers Weigh in on Hedge Fund Fraud
Patch.com – A hedge fund owned by Winnetka resident Clayton Cohn, 26, a U.S. Marine Corps veteran, was shut down by the Securities and Exchange Commission earlier this month. Cohn allegedly participated in hedge fund fraud that targeted current and […]
Hedge fund sells 19 million shares of Procter & Gamble
USA Today – Hedge fund manager Bill Ackman has sold two-thirds of his stake in Cincinnati-based Procter & Gamble – cutting his share in the company that he pressured to cut costs and replace its CEO. But in another financial […]
Hedge Fund Billionaire John Paulson Lost $736M In Second Quarter Gold Bloodbath
Forbes – The second quarter was by no means a time to own gold, and billionaire hedge fund manager John Paulson knows it. While he cut his major position in the yellow metal by half, selling nearly 12 million shares in the […]
Hedge fund linked to RBS collapse backs bid for branches
Telegraph – Toscafund, the $1.3bn (£830m) fund chaired by ex-RBS chairman Sir George Mathewson, has emerged as a backer of Andy Higginson’s W&G Investments, which hopes to buy the Scottish bank’s “Project Rainbow” unit. W&G Investments is one of three […]
Hedge Fund People: David Tenney Joins Citi
New York (HedgeCo.Net) – David H. Tenney has joined Citi’s Prime Brokerage business as a Managing Director and Regional Head of Sales for the Americas. He will manage the firm’s unified hedge fund sales efforts across Prime Brokerage, Securities Lending […]
Hedge Fund Receives Confiscated Art As Compensation For Fraud
New York (HedgeCo.Net) – Hedge fund Heathfield Capital Limited has received eighteen pieces of contemporary art including pieces by Andy Warhol, Mark Rothko and Damien Hirst. The artwork has been valued at approximately $33 million. The New York-based hedge fund was a […]
Ackman is Gone but Options Market Sees More Risk for J.C. Penney
Reuters – Activist hedge fund investor William Ackman may be off the board of J.C. Penney Co. Inc., but concerns about the U.S. department store chain’s prospects have pushed bearish bets to record levels in the U.S. options market. With Mr. Ackman stepping […]
Business roundup: Pneumatic people mover; hedge fund woes
Washington Post – An affiliated fund of Steven A. Cohen’s SAC Capital Advisors shut down last week as the $14 billion hedge fund begins to shrink in the wake of a criminal indictment filed against it in July, according to […]
Hedge Funds as Diversifiers in Institutional Portfolios
Commonfund announced the release of the white paper, “Hedge Funds as Diversifiers in Institutional Portfolios” authored by members of its Hedge Fund Strategies Group, Kristofer Kwait, Managing Director, Head of Hedge Fund Research, John Delano, Director, and Justin Santana, Director. While investors […]