Author Archives: Editor
Investors favour developed Europe and Australia-focused hedge funds
Risk.net – Performance of developed Europe-focused hedge funds declined in the second quarter as sovereign issues again increased volatility across major European markets. Year-to-date the group lags aggregate hedge fund performance, up 2.05% compared with 3.26% for the industry as […]
SEC’s Hunt for Crisis-Era Wrongdoing Loses Steam
WSJ – Securities and Exchange Commission enforcement officials have decided not to recommend filing civil charges against hedge-fund firm Magnetar Capital LLC, which teamed up with Wall Street firms to create mortgage securities that suffered billions of dollars in losses […]
New Hedge Funds Fall Flat In First Half of 2013
New York (HedgeCo.Net) – New hedge funds fell flat in the first half of the year, posting the second-worst fundraising total in a decade, according to new Absolute Return research. In total, 43 managers raised $8.2 billion, compared to an $11 billion […]
Voices Rising Against Hedge Fund Millionaire Larry Summers to Head the Fed
PR Watch – Opposition is growing to the idea of President Obama naming Larry Summers to head the Federal Reserve. As William Greider wrote in The Nation, “Summers is a toxic retread from the old boys’ network and a nettlesome egotist […]
UBS to Pay $50 Million to Settle SEC Charges of Misleading CDO Investors
The Securities and Exchange Commission today charged UBS Securities with violating securities laws while structuring and marketing a collateralized debt obligation (CDO) by failing to disclose that it retained millions of dollars in upfront cash it received in the course […]
Sony Rejects Hedge Fund Proposal
New York (HedgeCo.Net) – Sony Corp has rejected Daniel Loeb’s idea for a spinoff of part of Sony’s entertainment arm that would have included a Hollywood movie studio and music business. The board unanimously rejected the deal. “The Sony board of directors […]
Hedge Funds Have Never Been More Crowded Into The Oil Trade
Business Insider – West Texas Intermediate (WTI) crude oil futures are up an impressive 27.2% in just the last 9 months. After hitting a high of $108.93 a barrel on July 19, the long-oil trade took a breather, but last […]
Tepper’s Short Hills hedge fund turns 20, but the real party is the returns: report
If you invested $1 million in David Tepper’s hedge fund 20 years ago, how much would you be worth today? How about $149 million? That’s what Appaloosa Management, the hedge fund that Tepper founded in 1993, has told its investors, […]
Palladium Shortages Spur Bullish Hedge-Fund Wagers: Commodities
Bloomberg – At a time when gold and silver are tumbling the most in three decades, hedge funds are holding a near-record bullish bet on palladium as forecasters from Morgan Stanley to Credit Suisse Group AG predict years of shortages. Demand will […]
First Trust Rolls Out Managed Futures Fund (FMF)
ETF Database – Amid the calm trading environment, several issuers beefed up their product lineups last week, including the launch of the first ever city-based fund; the Nashville Area ETF offers a truly unique strategy that takes the theme of “targeted exposure” to […]
Largest U.S. hedge funds have $1.47tln in net assets and $1tln in borrowings, says SEC: hedge fund news, week 31
Opalesque – In the week-ending 02 August 2013, it was reported that Alpinvesta had launched a fund of managed futures funds investment program; Consilium revealed its plan to launch its third buyout fund; former oil and natural gas trader Jonathan Goldberg will launch a […]