Author Archives: Editor
Hedge Funds Review Americas Awards 2013 open for entries
Risk.Net – Hedge Funds Review is now accepting entries for the Americas Awards 2013. These awards recognise the top-performing hedge funds and funds of hedge funds in the US, Canada and Latin America The Hedge Funds Review Americas Awards 2013 […]
Hedge Fund Titans’ Pay Stretching to 10 Figures
DealBook – In recent years, the criticism about giant Wall Street hedge funds — those that command billions of investor dollars from pension funds, endowments and the wealthy — is that they’re simply too big to beat the market. But […]
SAC Capital Sued by Wyeth Investors in Tiping Claim
Bloomberg – SAC Capital Advisors LP was sued by a public pension fund that holds shares of Wyeth LLC, now a unit of Pfizer Inc., over alleged insider trading on tips about an Alzheimer’s drug. Birmingham Retirement & Relief System sued […]
Australia’s Scout Global Joins IMQ In Backing Romanesco Fund
Australian hedge fund seeder Scout Global Funds has joined IMQ as co-seed of Romanesco Capital Management’s systematic trading strategy, the Persistence Fund. Scout aims to identify and invest in ‘best of breed’ emerging managers worldwide. The firm’s mandate is to allocate to […]
Hedge Funds Cut Brent Crude Bullish Bets to Four-Month Low
Hedge funds and other money managers cut bullish bets on Brent crude to the lowest level in four months, according to data from ICE Futures Europe. Speculative bets that prices will rise, in futures and options combined, outnumbered long positions […]
SAC’s First Asia-Based Manager to Start Own Macro Hedge Fund
Bloomberg – Yip Ka-hay, the first Asia-based manager hired by Steven Cohen’s $15 billion SAC Capital Advisors LP, plans to start a macro hedge fund in July to trade currencies, interest-rate securities and equity indexes in the region. Yip, the […]
Onetime hedge fund giant Stark Investments winding down
Milwaukee Sentinel – Twenty years after growing Stark Investments into one of the world’s largest hedge funds, the company is getting out of the business of managing other people’s money. The firm, which expanded from a small office in Mequon […]
Fund Nets $2 Billion Trade
WSJ – Och-Ziff, in a strategy developed by a 30-year-old trader, racked up gains of almost $2 billion through bets in exotic debt markets. It was likely one of the most successful trades of 2012. A 30-year-old hedge-fund trader last […]
Third Point Starting Greek-Focused Hedge Fund on Recovery Bet
Bloomberg – Daniel Loeb’s Third Point LLC is starting a hedge fund focused on buying Greek assets after a wager that European officials would rescue the indebted nation from financial collapse helped drive gains last year for his $10.1 billion investment firm. […]
Risk management central to hedge fund capital raising, says survey
Risk – As more institutional investors opt for hedge funds, robust risk management is being seen as a central function needed in order to raise capital, according to a survey by Prmia and SunGard APT Over 80% of hedge funds […]
Third Point Plans Greek-Focused Hedge Fund on Recovery Bet
Bloomberg – Daniel Loeb’s Third Point LLC is starting a hedge fund focused on buying Greek assets after a wager that European officials would rescue the indebted nation from financial collapse helped drive gains last year for his $11.7 billion investment firm. […]
Hedge Funds Drop Campaign Against T-Mobile’s Bid for MetroPCS
NYT – The most outspoken opponents of T-Mobile USA’s bid for MetroPCS are backing off following an improvement in the takeover offer’s terms. Both Paulson & Company and P. Schoenfeld Asset Management indicated on Thursday that they would support the revised proposal by […]