Author Archives: Editor
Hedge funds come to Vegas, but they’re not always the be$t bet
NY Post – The hedge fund honchos descending on Las Vegas for the fifth annual industry conference have a lot in common with the casinos of Sin City: The house always wins. That truism has never been more evident than […]
Hedge Fund Gold Bets: John Paulson Loses $1 Billion
New York (HedgeCo.Net) – In two days hedge fund manager John Paulson lost almost $1 billion as the gold price dropped last week. “Paulson has roughly $9.5 billion invested across his hedge funds, of which about 85 percent is invested […]
Man Announces FUM of $54.8 Billion for 1st Quarter
New York (HedgeCo.Net) – Hedge fund giant Man Group says that their funds under management (FUM) at 31 March 2013 are at $54.8 billion. ( compared with $57.0 31 December 2012). “The world economy still faces significant challenges but with reduced […]
Europe plans crackdown on ‘toxic’ hedge funds
The Times – The European Commission is preparing a crackdown on hedge funds and their peers to stop them triggering a “wave of contagion” that could bring down the financial sector, according to leaked documents seen by The Times. The shadow […]
Hedge funds find value in French bonds, Greek corporate debt, Japan’s Abenomics: hedge fund news, week 18
Opalesque – Hedge funds are reportedly betting French bond prices will fall, buying Greek corporate debt, and benefiting from Japan’s Abenomics. In the week ending May 3, 2013, it was also reported that London-based hedge fund 36 South had launched […]
Does BNY Mellon Really Believe Hedge Funds Are No Riskier Than Traditional Investments?
Forbes – As the former compliance director of one of the nation’s largest money managers, I was puzzled by a recent letter published in the Providence Journal by Roger Begin, former Rhode Island Treasurer and Vice President of BNY Mellon […]
Hedge funds scramble to turn positive on ag prices
AgriMoney – Hedge funds turned positive on agricultural commodities at the fastest pace in nine months, as the turgid pace of US spring plantings, and fears for winter wheat, prompted them to reassess historically extreme bearish positioning. The net long […]
Hedge-Fund Manager Vinik to Close Firm
WSJ – Veteran stock picker Jeffrey Vinik plans to close his hedge fund after a run of poor performance that coincided with a string of changes at his firm. Mr. Vinik, who rose to prominence helming Fidelity Investments’ Magellan fund […]
Zombie Hedge Funds Being Snapped Up By New Joint Venture
New York (HedgeCo.Net) $7.3 billion hedge fund secondary buyer Crestline Investors Inc, and merchant banker Kirchner Group have joined forces to launch a joint venture with the aim of buying up so-called zombie funds from their original private equity sponsors, according to a […]
JOBS ACT to benefit investors – HF not as risky as perceived
It has been recently covered in the media that Mary Jo White, who became SEC chairman on April 10, is pushing to adopt the JOBS ACT without major changes and potentially adding additional investor protections at a later date. While […]
Hong Kong’s Richland Capital Management Shuts Two Hedge Funds
Bloomberg – Richland Capital Management Ltd., a Hong Kong-based asset manager set up in 2006, is closing down its two hedge funds, said Chief Investment Officer Alex Au. Richland has sold all the stocks in the Richland Asia Absolute Return Fund and […]
Tim Hortons shares climb as activist hedge fund demands change
The Globe And Mail – Shares of Tim Hortons Inc. climbed today as the doughnut and coffee king comes under attack from an activist hedge fund holding some 4 per cent of its stock. Highfields Capital, which holds more than […]