Author Archives: Editor
Hedge fund’s wild side: The man who lost $8 billion
Salon – In the summer of 2005, hotshot Amaranth Advisors LLC trader Brian Hunter spied a bargain. Natural gas supplies nationally were plentiful, gas production was unusually high, and by midsummer storage facilities were brimming with the stuff. Prices were […]
Investors flee SAC Capital
CNN – As SAC Capital fights to fend off an insider trading investigation, investors are running away from the hedge fund. Both SAC and its founder Steven A. Cohen have been at the epicenter of a federal investigation into insider […]
Hedge Fund Activists Call For a Breakup Of RHJ International
New York (HedgeCo.net) – A group of hedge funds led by Geneva-based investor Equilibria Capital have called for the break-up of $5.1 billion financial services group RHJ International (RHJI). The move would stop RHJI from acquiring leading German investment bank BHF, and […]
Tourre Seeks to Keep SEC From Arguing CDO Added to Crisis
Bloomberg – Former Goldman Sachs Group Inc. (GS) executive Fabrice Tourre asked a judge to block the U.S. Securities and Exchange Commission from arguing at his fraud trial set for July that he contributed to the financial crisis. Tourre, who […]
Hedge Fund Investors Continue Leaving SAC
New York (HedgeCo.Net) – San Francisco-based fund of hedge funds Ironwood Capital Management is planning to pull about $100 million from hedge fund billionaire Steven Cohen’s SAC Capital Advisors, according to a Reuters report. Since the SEC insider trading investigation […]
High Court Refuses Appeal In Hedge Fund Price-Fixing Suit
Law360 – The U.S. Supreme Court refused Tuesday to review a ruling that found 21 hedge funds did not violate antitrust laws by allegedly conspiring to force credit provider Atlanticus Holdings Corp. to redeem its bonds ahead of schedule. The […]
Kier Group shares targeted by short selling hedge funds
Hedge funds have taken a substantial punt against the fortunes of FTSE 250 construction business Kier Group by betting the company’s shares will fall, a practice known as short selling. More than 12 per cent of Kier’s stock is currently […]
US Hedge Funds Target Value in TSR Special Situations & Spinoffs
Fort Mill Times – Major fund CIO’s are looking for a better set of playing cards. 2013’s developed markets have surged to all-time highs, e.g. the FTSE100, S&P500, etc.; as such, future benchmark outperforming growth opportunities in equities are undoubtedly […]
Takeover pressure mounts between hedge fund and Health Management
The pressure is mounting for Health Management Associates Inc., which has adopted a poison pill in order to fend off the prospect of a takeover by hedge-fund operator Glenview Capital Management. Shares of Health Management, an operator of acute-care facilities, […]
Hedge fund boss Baha sees gold at $3,000-$5,000
Reuters – Christian Baha, the head of Austrian fund firm Superfund and representative of the hedge fund industry in Oliver Stone’s movie Wall Street 2: Money Never Sleeps, is predicting that the gold price could rise to between $3,000 and $5,000 […]
Hindsight Is Everything: Why Advisors Need To Step Up To The Hedge Fund Plate Now
Seeking Alpha – “I think there is a world market for maybe five computers” – IBM Chairman Thomas Watson, 1943. Computers and mobile phones – the world as we know it today would not exist without them. Yet it wasn’t that […]
How Hedge Funds Transfer Wealth From Investors To Managers
Forbes – Earlier this year, Goldman Sachs announced that it would launch a new mutual fund that will let regular investors do what the billionaires are said to do: invest in hedge funds. As Barry Ritholtz explains in a terrific article in […]