Author Archives: Editor
Man’s Hedge Fund Arm FRM To Seed Norway’s CommEq
New York (HedgeCo.Net) – Man Group plc‘s fund of hedge fund investment specialist, FRM, has decided to seed CommEq Asset Management as it launches an institutional asset management business. CommEq works with under-explored, unstructured data sources and data streams and claims to […]
SEC Says Largest U.S. Hedge Funds’ Debt Tops $1 Trillion
SEC – The nation’s largest hedge funds had $1.47 trillion in net assets and more than $1 trillion in borrowings as of the fourth quarter, according to the first report compiled on confidential data they provided to the U.S. Securities […]
Fortress Says Second-Quarter Profit Tripled on Hedge-Fund Fees
Bloomberg – Fortress Investment Group LLC (FIG), the first publicly traded private-equity and hedge-fund manager in the U.S., said second-quarter profit tripled because of higher fees paid to the firm for managing its funds. Pretax distributable earnings, which exclude some […]
Ex-SAC team is said to get $90 million for hedge fund
CT Post – A group of former SAC Capital Advisors employees led by portfolio manager Jos Shaver raised about $90 million for a hedge fund, a quarter of that from employees, according to a person familiar with the matter. Electron […]
Roc Capital Said to Shutter Main Hedge Fund After Losses
Bloomberg – Roc Capital Management LP, the hedge-fund firm that counted Deutsche Bank AG (DBK) and the daughter of billionaire Lakshmi Mittal among its investors, is liquidating its main fund after losing money, according to a person with knowledge of […]
Japan regulator says Singapore-based hedge fund manipulated share prices
Reuters – A Singapore-based hedge fund manipulated prices in the Japanese equity market and should pay a 431 million yen ($4.38 million) fine, Japan’s securities regulator said, which would be biggest ever imposed against a non-Japanese firm for market manipulation. […]
Hedge Fund Billionaire Bill Ackman Crushed On Last Day Of July That Did Not Go As Planned
Forbes – Billionaire hedge fund manager William Ackman chose the morning of the last day of July to announce his biggest investment ever, a $2.2 billion bet his Pershing Square hedge fund made to take a 9.8% stake in Air […]
Hedge Fund Compliance Technology Spending Is On The Rise
New York (HedgeCo.Net) – It seems hedge funds are wiling to spend more these days in an effort to avoid regulatory pitfalls. Compliance technology spending is likely to grow by 35% from 2012 to 2015, according to a new study […]
JP Morgan to pay $410m in penalties for manipulating electricity prices
Guardian – US energy regulators have hit JP Morgan with $410m in penalties after accusing it of manipulating electricity prices in California and the mid-west. The Federal Energy Regulatory Commission said the bank used improper bidding strategies to squeeze excessive payments from […]
SEC fraud case against ex-Goldman trader Fabrice Tourre in homestretch
Economic Times – Testimony ended Monday in the civil fraud case of Fabrice Tourre, with lawyers for former Goldman Sachs trader not calling any witnesses before the US Securities and Exchange Commission’s case goes to a Manhattan federal jury. Tourre’s […]
Stone Lion Fund Targets Bankruptcy Plays
Hedge Fund Alert – The New York firm held a single close for its SL Liquidation Fund on June 3 with $445 million — continuing a growth streak that started with the creation of at least one separate account sharing […]
Innovative funds can hedge fixed -income volatility
Globe And Mail – As you watch your bond investments stumble against rising interest rates, you’re probably on the lookout for fixed income options that aren’t so interest sensitive. As it happens, two of Canada’s best-known hedge fund providers offer […]