Author Archives: Editor
UBP picks Guggenheim Fund Solutions to power hedge fund platform
Swiss bank UBP (Union Bancaire Privée) has picked Guggenheim Fund Solutions (GFS) as a partner in a new hedge fund platform which aims to meet investors’ increasingly stringent demands regarding transparency, liquidity, risk management and governance. Following its acquisition and […]
Heavy hitters swing for the ‘hedges’
NYP – Hedge-fund mogul Stevie Cohen will be pitching at Yankee Stadium tomorrow. No, the 56-year-old billionaire is not suiting up for the Bronx Bombers — but he will be hoping the magic of the House that Ruth Built will […]
Hedge Fund Gold Wagers Defy Worst Slump in 33 Years: Commodities
BusinessWeek – Hedge funds increased bets on gold rallying after prices plunged the most in 33 years, underscoring billionaire John Paulson’s view that bullion will rebound. Fund managers and other speculators increased net-long positions in gold by 9.8 percent to […]
Hedge-Fund Billionaire Leads Donors in Pushing Obama on Keystone
Bloomberg – President Barack Obama faces growing pressure from Democratic donors to reject the Keystone XL pipeline amid signs that the project is headed for approval. Donors and party activists are seeking to influence Obama through personal pleas and by pumping money […]
Hedge Fund Strategy – Motif Investing Raises $25 Million
New York (HedgeCo.Net) – Motif Investing, the company that pioneered ideas-based stock investing, has raised an additional $25 million in financing from a group of investors including Goldman Sachs & Co. and existing Motif investors Foundation Capital, hedge funds Ignition […]
Former Israeli Intelligence Operatives Now Working For Hedge Funds
Forbes – A company staffed with former operatives of Israel’s top intelligence agencies and founded with the help of the former head of the Mossad is being used by hedge funds looking for an edge in the financial markets. Kela Israeli […]
Hedge funds find new Swiss rules good for business
Reuters – At least ten new hedge funds are set to launch in Switzerland this year, after none in 2012, in a boost to the country’s $24 billion industry, sources familiar with the plans said. Fund managers had feared tighter […]
Breaking into the hedge-fund world is harder than before
The Economist – If setting up a hedge fund were easy, more people would do it: bar inheritance or winning the lottery, there are few swifter paths to immense riches. Sadly for aspiring plutocrats, it is getting ever harder to […]
Meet Britain’s wealthiest hedge fund chiefs: male, rich and Tory donors
Guardian – A secretive Tory party donor who made a fortune betting on the collapse of the Greek economy has been named the UK’s wealthiest hedge fund manager. Alan Howard, founder of Brevan Howard, has seen his personal fortune grow […]
Rob Arnott: Most hedge funds disappoint
CNN – That’s how Robert Arnott, one of the nation’s most successful investment managers, sees it. That’s also the conclusion of a piece of research posted on his firm’s website this week. The research, which is titled “The Lure of […]
Barclays investment chief Rich Ricci stands down
Guardian – Rich Ricci, who led Barclays’ investment banking division during the Libor rate-rigging scandal, has “decided to retire”, the bank has said. Ricci, 49, who was right-hand man to disgraced former chief executive Bob Diamond, will walk away with […]
SEC hedge fund ad rule no closer to finalization
MarketWatch – A Securities and Exchange Commission proposal that would relax decades-old rules that have kept hedge funds, private equity funds and small businesses from advertising when seeking to raise capital doesn’t appear to be close to finalization. That’s the […]