Author Archives: Editor
Hedge Fund Fees: Exotic Expenses
Forbes – Back in 2008, Warren Buffett made a bet with Protégé Partners, a fund of funds hedge fund manager, that the S&P500 would beat a group of hedge fund managers selected by Protégé. The bet officially started on January […]
Top Witness for the S.E.C. Turns Testy on the Stand
NYT – Paolo Pellegrini has been lauded as an architect of one of the biggest hedge fund victories in recent memory: Paulson & Company’s audacious bet against subprime home loans in 2007. But in a Manhattan federal courtroom on Tuesday, […]
Hedge Fund Exec Testifies in NYC Case
ABC News – A former hedge fund executive testified Tuesday at a New York securities fraud trial that the fund purposely bet against investments tied to high-risk mortgages as the housing market teetered on the edge of a meltdown — […]
Hedge funds lose big in June as outflows jump
CNBC – Hedge funds across the world posted their largest loss for 12 months in June, as heightened fears of slowing growth in China and the tapering of the Federal Reserve’s bond buying program hit performance, new research has found. […]
Ex-Och-Ziff Team Gets Investcorp Seed for Kortright Hedge Fund
BusinessWeek – Kortright Capital Partners LP, the event-focused equity hedge-fund firm founded by Och-Ziff Capital Management Group LLC., alumni Matthew Taylor and Ty Popplewell, received seed capital from Investcorp. Taylor and Popplewell started Kortright, which invests in “opportunities arising from corporate change” […]
Hedge Funds Who Invested In BP Partner Are Suing For Oil Spill Damages
New York (HedgeCo.Net) – Anadarko Petroleum Corporation, a BP partner, is being sued by investors for its role in the 2010 Deepwater Horizon oil spill at the Macondo well. Anadarko has over 100 hedge fund shareholders. Reuters reports: “The investors […]
John Paulson’s telecom picks take an even bigger Leap
CNBC – When John Paulson founded his eponymous hedge fund company in 1994, his focus was merger arbitrage. Now, with a two-decade track record and one massive win in his credit strategy, he’s again finding luck with his original investing […]
Hedge Fund Assets Down $20.94 Billion In June
New York (HedgeCo.Net) – Hedge funds suffered losses this month according to the new Eurekahedge report. “Hedge funds recorded negative returns in June ending their seven month winning run, as global markets witnessed broad based declines during the month.” Total assets under […]
Hedge funds see big inflow of cash
CNN – Hedge funds took in a net $18.5 billion during the month, according to a report from TrimTabs and BarclayHedge. That was more than forty times the $403 million investors poured in in April. It was also the largest […]
Another extension in Compuware’s talks with hedge fund
Freep – Detroit-based Compuware and an activist New York hedge fund apparently will continue their private merger and acquisition talks for several more months. The business software maker and Elliott Management disclosed today that they agreed late last week to […]
Tiger Cub Philippe Laffont On How To Get Hired At A Hedge Fund
Business Insider – Last week OneWire published their first interview with Philippe Laffont, Founder and CEO of Coatue Management. In Part II of the interview, Laffont explains his investment philosophy, how he figures out great long and short positions, and […]
SEC takes Goldman’s ‘Fabulous Fab’ to trial in civil fraud case
Reuters – The U.S. Securities and Exchange Commission heads to trial Monday against a former Goldman Sachs bond trader in a case it says highlights what went wrong on Wall Street in the financial crisis. Jury selection begins in federal […]