Author Archives: Editor
Hedge Fund Association Appoints Industry Leaders Juan Garrido and Les Baquiran Co-Directors of LatAm Chapter
Fort Mill Times – The Hedge Fund Association announced today new regional leadership appointments that demonstrate the HFA’s enduring commitment to growth and diversity. Victor Hugo Rodriguez, the first director of the HFA’s LatAm Chapter, is passing the reins to […]
Will Rhode Island’s big bet on hedge funds pay off?
Providence Journal – A few weeks ago, New York billionaire hedge fund trader Daniel Loeb, who has $66 million in Rhode Island state pension funds, made nearly 10 times that when he sold 40 million shares of Yahoo stock, two […]
Why hedge funds run by idiots can do well. For awhile.
Washington Post – Rich? Bored? Unable to find a job because of “Obama”? Then tap into your inheritance and start a hedge fund, bro! That, at least, is the plan of this charmer, whose recruiting e-mail to his frat brothers […]
Hedge Fund Urges EADS to Sell Dassault Stake
NYT – EADS, the parent company of Airbus, confirmed on Monday that it had received a letter from an influential shareholder urging it to sell its 46 percent stake in Dassault Aviation, the French maker of the Rafale fighter and the […]
Man Group: Funds Under Management Down 9%
Man Group PLC reports new highlights for 6 months (ending 30 June 2013) ? Total tangible assets at 30 June 2013 of $2.2bn ? Net tangible assets at 30 June 2013 of $1.3bn, 72 cents or 47 pence per share […]
Man Group Rises as Profit Beats Estimates on GLG Performance
Bloomberg – Man Group Plc, the world’s largest publicly traded hedge-fund manager, rose in London trading after its first-half earnings surpassed analysts’ estimates, helped by higher performance fees at its GLG Partners unit. Adjusted pretax profit rose 9.8 percent to […]
Former Goldman Hedge Fund Trader Found Liable For Fraud
New York (HedgeCo.Net) – Fabrice Tourre, the former Goldman Sachs hedge fund trader with the nickname “Fabulous Fab” has been found liable for fraud by a jury in Manhattan on six of seven counts of fraud. The SEC in 2010 filed securities fraud charges […]
Hedge funds dominate private-fund assets, SEC report finds
Pensions & Investments – Nearly half of all private fund assets in the U.S. came from large hedge funds, according to the first report on private fund managers ordered by the Dodd-Frank Wall Street Reform and Consumer Protection Act. Delivered […]
SEC Adopts Rules to Increase Protections for Investors With Assets Being Held By Broker-Dealers
The Securities and Exchange Commission today announced the adoption of rules designed to substantially increase protections for investors who turn their money and securities over to broker-dealers registered with the SEC. The new rules, approved by a 3-2 Commission vote, […]
Former Hedge Fund General Council Named Director Of FBI
New York (HedgeCo.Net) – Former General Counsel at hedge fund Bridgewater Associates has been named by the senate as the new director of the FBI by a 93-to-1 margin. James Brien Comey, Jr. will succeed Robert S. Mueller III, the Washington Post reveals. […]
Fortress Second-Quarter Profit Triples on Hedge-Fund Fees
BusinessWeek – Fortress Investment Group LLC, the first publicly traded private-equity and hedge-fund manager in the U.S., said second-quarter profit tripled as fees for beating certain benchmarks rose. Pretax distributable earnings, which exclude some compensation costs and other items, increased […]
Who Are Europe’s Hedge Fund Winners?
WSJ – Overall growth at the top 20 remained virtually flat in the past 12 months, dragged down by poor performance from managed futures strategies but boosted by buoyant equity markets. Guy Wolf, global head of market analytics at commodities […]