Author Archives: Editor
Hedge Funds Cut Gold Bets as Paulson’s Loss Widens: Commodities
Bloomberg – Hedge funds cut wagers on a gold rally for the first time in three weeks on mounting speculation central banks will curb record stimulus and as this year’s slump in bullion spurred losses for billionaire John Paulson. The funds and […]
Now’s Best Time to Buy Art, Hedge Fund Founder Rachofsky Says
Business Week – Now is a good time to buy contemporary art, even though prices have never been higher, the Dallas-based collector Howard Rachofsky says as he digests his bratwurst. The former hedge fund manager and his wife Cindy are […]
Hedge Fund Flows a Shade Weaker
Barrons – Hedge-fund investors took their collective foot off the gas in April, according to the latest data from BarclayHedge and TrimTabs Investment Research. They handed over a net $430 million to hedge funds during April, which was only about half the March […]
How hedge funds can help Detroit avoid bankruptcy
Quartz – The city of Detroit owes its creditors $15 billion. Today it offered them a pretty raw deal. Kevyn Orr, the lawyer tasked by the Michigan state government with sorting out the mess, said it would default on some of that debt and offer […]
Female Hedge-Fund Manager Says Lean In, It Makes You Money
WSJ – To this year’s debate on women and work-life balance, add the voice of Karen Finerman, a New York hedge-fund manager, CNBC regular and the mother of two sets of twins. Her brassy new book, Finerman’s Rules: Secrets I’d Only […]
One Hedge Fund Manager’s War Against Corruption In Russia
New York (HedgeCo.Net) – Hedge fund founder and outspoken critic of corruption in Russia, Bill Browder, has told CNBC that he fears for his life and that if he were to be assassinated, “everyone would know who did it.” Browder’s […]
Hedge Fund Research: $116 Billion Locked in Zombie Funds
New York (HedgeCo.Net) – Reuters reports that new data from Preqin shows that there are approximately 1,200 private equity funds that can be described as zombie funds sitting on $116 billion in assets. In a zombie fund, the GP is […]
Lampert Clients Exit Fund With $393 Million of AutoNation
Bloomberg – Edward Lampert used $393 million of shares in AutoNation Inc. (AN) to meet client redemptions from his main hedge fund, whose investment in Sears Holdings Corp. (SHLD) has led to volatile returns. Lampert’s ESL Partners LP on June […]
Hedge-Fund Firm Distributed AutoNation Shares to Investors
Wall Street Journal – Hedge-fund manager Edward Lampert is facing some unhappy investors. His firm, ESL Investments Inc. distributed 9.1 million shares of AutoNation Inc. to investors to meet their requests to withdraw money from his hedge fund, according to […]
Sen. Warren Calls For Tough Cross-Border Swap Rules
HedgeWorld – Democratic Senator and Wall Street critic Elizabeth Warren is urging federal regulators to “show some backbone” and stick to their proposal for how new derivatives rules will apply to foreign banks who do business with U.S. companies. “If […]
Todd Newman’s Insider Trading Conviction, Hedge Funds Take Heed
Forbes – Todd Newman (Diamondback Capital) and Anthony Chiasson (Level Global) were both convicted in December of trading, and profiting, on inside information they gained from analysts who worked for them. The jury believed, as many juries do believe these […]
Brevan Howard currency manager to leave hedge fund – source
Reuters – The manager of Brevan Howard’s $570 million (364 million pound) currency fund is among a number of traders leaving the hedge fund firm because of underperformance, a source with knowledge of the matter said. Luke Ding headed up […]