Author Archives: Editor
Hedge Fund Manager Suggests That The Market Is Rigged
New York (HedgeCo.Net) – American hedge fund founder and money manager for George Soros said in an interview with Goldman Sachs that his particular set of skills are no longer needed. “Ten years ago, if the stock market had done what it […]
SandRidge Energy CEO Tom Ward Is Replaced After Criticism From Hedge Fund TPG-Axon
IBT – SandRidge Energy Inc. (NYSE:SD) founder and CEO Tom Ward has been fired from the firm after accusations from activist investors that he put his own interests higher than the company’s, reports Reuters. Ward, who was dismissed Wednesday, will be […]
Cliffwater: Liquid hedge fund strategies have 1-point performance drag
Pensions & Investments – Returns of liquid versions of hedge fund strategies in aggregate lagged those of private partnership versions of the same approach by an average of one percentage point annualized over the 10-year period ended March 31, according […]
European hedge funds struggle to break into U.S. market
Reuters – European and Asian hedge fund firms are finding the potentially lucrative U.S. market impossible to ignore, but as tough as ever to negotiate. Delegates at the annual GAIM conference in Monaco this week talked about the difficulties, particularly […]
Why multi-millionaire hedge fund baron was pushed through to be knighted
His name on the Queen’s Birthday Honours list triggered a storm of protest. But the nomination of multi-millionaire hedge fund baron Michael Hintze, who has donated millions to the Tory Party, did not enjoy whole-hearted support from Downing Street. Read […]
Survey: Fund Of Hedge Funds Still in Recovery Post-financial Crisis
New York (HedgeCo.Net) – More than half of fund of hedge fund firms (FoHF) surveyed – 53% – increased both revenue and assets under management in the 2010 – 2012 period, compared with only 47% that did so from 2009 […]
Level Global and Diamondback Hedge Fund Managers Free on Bail
New York (HedgeCo.Net) – A New York judge has granted a request for hedge fund managers Anthony Chiasson, co-founder of hedge fund Level Global Investors, and Todd Newman, a former portfolio manager at hedge fund Diamondback Capital Management, to go free on bail. Chiasson […]
ETF Spotlight: ‘Guru’ Hedge Fund Clone
ETF Trends – ETF Spotlight on the Global X Top Guru Holdings Index ETF (NYSEArca: GURU), part of an ongoing series. Assets: $53.4 million. Objective: The Global X Top Guru Holdings Index ETF tries to reflect the performance of the […]
Unintended Consequences Of Bernanke’s Fed Hedge Fund
Seeking Alpha – To taper or not to taper is the obvious short-term catalyst moving the market. Beneath the surface, however, a deeper issue is at play. Under Ben Bernanke’s leadership the Federal Reserve has evolved into the world’s largest, […]
Hedge Fund Managers Didn’t Know They Were Paying For Their Inside Information
Dealbreaker – You’re only guilty of criminal insider trading, in America, if: you trade on information that is material and nonpublic, and some other stuff. The other stuff is mostly stuff that only a lawyer could love, but man do they love […]
Tim Hortons pressed by a second hedge fund, shares jump
Reuters – Canada’s Tim Hortons Inc (THI.TO) is under mounting pressure from activist investors to boost shareholder value a few weeks before a new CEO takes over after a second hedge fund said it had amassed a big stake in […]
Report: Hedge fund industry growth stagnant as larger players dominate
MarketWatch – Elite hedge fund titans are having a tough time maintaining star status in the investing world. The hedge fund business is growing at a slower pace with fewer, larger players in the market, according to a Barclays report on […]