Author Archives: Editor
Ron Mock ascends to the top of Ontario Teachers’ Pension Plan
Globe and Mail – Ron Mock has completed his rise from the ashes of collapsed hedge fund firm Phoenix Research and Trading Corp., putting a controversial failure behind him to become the new chief executive officer of the Ontario Teachers’ Pension […]
Hedge Funds Bet on Freddie, Fannie Rise
WSJ – Some of the hedge funds that made fortunes in the housing-market crash are now betting on the recovery of Fannie Mae and Freddie Mac, the government-controlled mortgage giants. Paulson & Co. and Perry Capital LLC are among a handful of hedge-fund firms […]
Billionaire Hedge Fund Manager Wants A Sony Spin-Off
New York (HedgeCo.Net) – Bloomberg reports that the founder of hedge fund Third Point is looking to breakup Sony Corp., after acquiring a 6.5 percent stake in the company. Daniel Loeb wants Sony to spin off part of its entertainment arm […]
Chiasson Gets Over 6 Years For Hedge Fund Insider Trading
New York (HedgeCo.Net) – Hedge Fund manager Anthony Chiasson, who was found guilty of insider trading charges back in December 2012, was yesterday sentenced to six and a half years in prison by Judge Sullivan, of the Federal District Court […]
Cayman Islands Spars With Sachs Over Hedge Fund Directorships
Bloomberg – The head of the Cayman Islands financial services industry trade group rejected charges from economist Jeffrey Sachs that the Caribbean nation’s oversight of hedge funds and banks is a “mortal threat” to the global economy. Sachs, in separate letters to the Financial Times the […]
London hedge fund manager ends poor year with £22m pay day
FN – According to company accounts filed today, the highest-paid director at Clive Capital was entitled to £21.6m for the year to February 28, 2013, down from £40m over the previous 12-month period. Adding up the pay package for the […]
British hedge fund tycoon blows £850,000 in Monte Carlo
DailyMail – By day he is a hedge fund tycoon and generous philanthropist. But by night self-made millionaire Talal Shakerchi is a regular addition at some of the biggest poker games in Europe. And on Saturday, he took on the big […]
Natural gas market tempts hedge funds
Risk.net – The introduction of hydraulic fractioning technology could be a new dawn for natural gas, though some hedge funds have pulled back as prices remain in the doldrums. Names such as Amaranth Advisors serve as a warning to those […]
US Hedge Funds Turn Bullish on the Euro
CNBC – Park Avenue, Manhattan, is half a world away from Kaiserstrasse, Frankfurt, and the corridors of the European Central Bank. The closest that the hedge funds of New York have come to austerity is cutting back on helicopter trips to […]
Forging Its Own Path, British Hedge Fund Finds Success
NYT – As a partner at Goldman Sachs, he wore a kilt to the firm’s annual black-tie dinner in New York. After leaving Goldman, Mr. Kirk, an astrophysicist by training, set up a hedge fund in Cambridge, England, a world […]
IFMI Announces $13.7 Million Strategic Investment
Institutional Financial Markets, Inc. (NYSE MKT:IFMI) (“IFMI”), a financial services firm specializing in credit-related fixed income investments, today announced that it has entered into definitive agreements with Mead Park Capital Partners LLC (“Mead Park Capital”) and Cohen Bros. Financial, LLC […]
Fair Value Considerations for BDCs filing an IPO under the JOBS Act
By: Carolyn Bentzien, Valuation Research Corporation – The Spring of 2012 heralded a new and exciting time for investment funds considering blossoming into Business Development Companies (“BDC”). In April 2012, the Jumpstart Our Business Startups (“JOBS”) Act was enacted into […]