Author Archives: Editor
Hedge Funds Rebound After June Loss
Hennessee Group LLC announced today that the Hennessee Hedge Fund Index gained +1.82% in July (+6.91% YTD), while the S&P 500 gained +4.95% (+18.20% YTD), the Dow Jones Industrial Average increased +3.96% (+18.28% YTD), and the NASDAQ Composite Index rose […]
Martin Currie Reports First Loss in 132 Years on China Fund
Bloomberg – Martin Currie Investment Management Ltd., an Edinburgh-based fund manager, posted a loss last year for the first time since it was founded in 1881 after clients withdrew money amid misconduct at a China fund. The fund manager had […]
Piquant Technologies becomes first AIFMD compliant UK hedge fund
Investment Europe – Global professional services firm Kinetic Partners has supported Piquant Technologies LLP, a new UK-based quantitative fund manager, to become the first hedge fund authorised according to the Alternative Investment Fund Management Directive (AIFMD). The directive, which came […]
Hedge Funds Trim Gold Bets on Stimulus Speculation
Bloomberg – Hedge funds cut bullish gold bets by the most since June amid speculation about whether the Federal Reserve will begin trimming its monthly bond purchases. Money managers cut their net-long position by 27 percent to 48,103 futures and options by […]
Looks Like Hedge Fund Manager Daniel Loeb Posted Another Taunting Message On His Bloomberg Terminal
SF Gate – Outspoken hedge fund manager Daniel Loeb, the founder of Third Point LLC, has left another taunting message on his Bloomberg terminal MSG9 (“message 9”) line. From Loeb: “Never interfere with an enemy when he is in the process […]
The 20-Year Performance Of Hedge Funds And The S&P 500 Are Almost Identical
Business Insider – Hedge funds continued to underperform the overall US equity market this year. In the first six months of 2013, the S&P500 index is ahead of the CS Hedge Fund Index by over 10%. That is not entirely […]
Tax clampdown hits UK hedge fund LLPs
Risk.net – Changes in UK taxation rules coupled with restrictions on employee remuneration in the AIFMD could lead to higher costs and some complications for hedge fund limited liability partnerships (LLPs). HM Revenue & Customs (HMRC), the UK tax authority, […]
UK Hedge Fund Manager Fighting US Extradition
New York (HedgeCo.Net) – The head of fake hedge fund, Benchmark Asset Management, is fighting against an extradition order stemming from the £12 million ($18.5 million) that he allegedly misappropriated from approximately 50 investors. Mark Duchesne used his investors’ money to buy […]
How Hedge Funds Can Effectively Advertise
Forbes – Hedge funds, private equity companies and other firms can now advertise. While these firms will be allowed to advertise on television and through the Internet, they can still only provide their investment products to “accredited investors.” That means […]
Groups question openness of RI hedge fund records
AP – Four government watchdog groups are criticizing Rhode Island Treasurer Gina Raimondo for withholding details about the state’s investments in hedge funds. The state affiliates of the American Civil Liberties Union and Common Cause, as well as the Rhode […]
Deere, GPS makers sued by hedge fund
Chicago Tribune – Hedge fund Harbinger Capital, led by billionaire Phil Falcone, has sued Deere & Co. and GPS makers for $1.9 billion in damages in an effort recoup its investment in bankrupt wireless company LightSquared, court papers show. LightSquared […]
Hedge Fund GSO Scores Win With MBIA Bet
WSJ – When MBIA Inc. and Bank of America Corp. agreed in May to settle a four-year-old lawsuit, traders at GSO Capital Partners erupted in cheers. The agreement gave the New York hedge fund owned by Blackstone Group LP a […]