Author Archives: Editor
Hedge Funds: How They Invest Their $2.4 Trillion War Chest
Forbes – A well-balanced investment portfolio might contain a mix of stocks, bonds, cash, real estate and what are known in financial circles as “alternative investments.” This last mysterious category includes (among other exotica) 10,000 hedge funds now wielding nearly […]
Man’s Fund Of Hedge Fund Arm Seeds AI Company
New York (HedgeCo.Net) – Man Group plc’s fund of hedge fund division, FRM, has made a seed allocation to Norwegian applied mathematics, economics, computer linguistics, and software development company CommEq Asset Management. Man is also helping CommEq launch an institutional […]
Update: Global Investment Management Industry Revenue Climbs Past Pre-Crisis Peak
New York (HedgeCo.Net) – Median pre-tax operating margins rose to 32%, the highest since 2007, new research shows. The new high in profit margin was driven by market appreciation, which also lifted 2012 revenue in the global asset management industry past […]
Vatican bank cleric arrested in €20m corruption inquiry
Guardian – A senior Vatican cleric suspected of trying to help rich friends bring millions of euros into Italy illegally has been arrested as part of an investigation into the Vatican bank. Monsignor Nunzio Scarano, 61, who worked as a senior accountant in the […]
Hedge Fund Boss Leon Cooperman Delivers the Alpha
CNBC – It’s becoming an annual tradition. Every year it seems—multiple times, in some cases—Leon Cooperman takes the stage to discuss his best investment ideas. And much like the plot in the Bill Murray movie “Groundhog Day,” the themes of […]
Hedge Fund Boss Leon Cooperman Delivers the Alpha
CNBC – It’s becoming an annual tradition. Every year it seems—multiple times, in some cases—Leon Cooperman takes the stage to discuss his best investment ideas. And much like the plot in the Bill Murray movie “Groundhog Day,” the themes of […]
Hedge fund firm Lansdowne names new CEO
Reuters – One of London’s largest hedge fund firms, Lansdowne Partners, has named Alex Snow, the former head of UK Investment Banking at Investec, as its new chief executive officer. Snow will take over from Lansdowne co-founder Paul Ruddock, who […]
Nomura Ex-Head of Program Trading Wells Said to Join Hedge Fund
Bloomberg – Nicholas Wells, Nomura Holdings Inc. (8604)’s former head of equities program trading, has left the bank and plans to join hedge-fund firm Millennium Management LLC, according to two people with knowledge of the matter. Wells will be joined at […]
Largest Hedge Fund Operator Ray Dalio Stricken by Emerging Markets
Nasdaq – Investor Ray Dalio , founder of the $150 billion hedge fund Bridgewater Associates, has developed a unique view of the economy, comparing it to a machine. In March, he told CNBC that he expects stocks to perform well […]
Exclusive: Steven Cohen’s $14 Billion Hedge Fund Is Fed To The Birds
Guest Of A Guest – This just in: Apparently even billionaires have pest control problems, or so one might surmise from the flock of wild birds terrorizing the SAC trading floor yesterday. Steven Cohen’s $14 billion hedge fund in Stamford […]
Highlights From The Annual Morningstar/Barron’s Hedge Fund Investment Survey
New York (HedgeCo.Net) – The latest results from the annual Morningstar/Barron’s hedge fund investment survey examining the perception and usage of alternative investments among institutions and financial advisors is out today. Among the findings: Mutual funds are becoming the dominant vehicle […]
Broadridge To Acquire Hedge Fund Management Specialist Bonaire
New York (HedgeCo.Net) – Hedge fund service provider Broadridge Financial Solutions, Inc. has signed an agreement to acquire Bonaire Software Solutions, LLC., according to sources. Bonaire provides fee calculation, billing, and revenue and expense management solutions for asset managers including institutional asset […]