Author Archives: Editor
Hedge Fund Industry Association Head To Step Down
New York (HedgeCo.Net) – Reuters reports that Andrew Baker, Chief Executive Officer of the Alternative Investment Management Association (AIMA) will stand down at the end of 2013, he has been CEO since 2009. “It has been a fantastic honour to […]
RBS ‘should be more like a Canadian bank’ proposes hedge fund chief
Investment Week – The Royal Bank of Scotland (RBS) should be converted so that it resembles a Canadian bank, a document created by a hedge fund boss and unwittingly shown to the press has proposed. Yesterday afternoon, Davide Serra, founder and […]
Hedge Fund Manager And Police Face Off Over Noisy Power Generators
Business Insider – Thanks to to the tireless tweeting of Hamptons Handyman Joe Schwenk (aka HamptonsBorn), we know about a fairly serious confrontation that happened this morning between a hedge fund manager and his generators, a neighbor with a hatred […]
Ex-Citadel Credit Chief Boas Cancels Hedge Fund Plans
Bloomberg – Chris Boas, a former global head of credit at Citadel LLC’s securities unit, canceled plans to start his own hedge fund after failing to raise money from investors. Boas’s Longwood Credit Partners LLP “has decided not to pursue […]
100% Gainers YTD: Hedge Fund Stars Bought
Forbes – Hedge fund kings like John Paulson and Lee Ainslie just made a killing in two junk-mortgage insurers, and the awesomeness of their quick gains will compel other investors to follow. It’s important to remember that high returns like […]
Man’s GLG Wins Leading Pan-European Hedge Fund Award
New York (HedgeCo.Net) – GLG Partners, the hedge fund manager Man Group bought three years ago, was Monday named leading pan-European hedge fund in the 2013 Thomson Reuters Extel Survey. Man Group shares are down 10.85% so far this week but are […]
Milestone Achieved with 100 Percent Distribution to Customers in Lehman Bankruptcy
James W. Giddens, Trustee for the liquidation of Lehman Brothers Inc. (LBI) under the Securities Investor Protection Act (SIPA), announced that additional distributions to former securities customers began today and will continue until all securities customer claims are 100 percent […]
Hedge Funds Up 3.89%: Attract $50 Billion In 2013
New York (HedgeCo.Net) – Hedge funds saw the seventh consecutive month of positive returns in May with mixed returns in global markets. The Eurekahedge Hedge Fund Index was up 0.20% during the month, while the MSCI World Index was down […]
Mutual Fund Launch: Neuberger Berman’s Flexible Select Fund
New York (HedgeCo.Net) – Global hedge fund giant Neuberger Berman Group LLC., has launched the Neuberger Berman Flexible Select Fund, a mutual fund for U.S. investors accessing the ideas of the less-benchmark constrained equity teams at Neuberger Berman. Neuberger Berman […]
Hedge funds build stakes in Severn Trent as bid hangs in balance
Reuters – Two U.S. hedge fund giants have placed bold bets to profit from an attempted takeover of British water company Severn Trent that now hangs in the balance with a consortium threatening to walk away after three spurned bids. […]
TiVo Bump Shows How Hedge Fund Lawyers Gain Edge in Court
Bloomberg – Tom Claps headed to Texas to scope out developments as TiVo Inc. (TIVO)’s trial against Google Inc.’s Motorola Mobility unit neared, with as much as $1 billion at stake over rights to digital-video-recorder technology. Calling the court clerk June […]
Institutions taking divergent paths in revamping hedge fund portfolios
Pensions & Investments – Hedge fund portfolio revamps are front and center on CIOs’ desks as institutions, especially public pension plans, refine their investment approaches. The South Carolina Retirement System Investment Commission and the Teachers’ Retirement System of the State […]