Author Archives: Editor
The Cyprus Finance Minister Had Resigned
Business Insider – Just breaking now: The Finance Minister of Cyprus Michael Sarris has resigned. This comes in the wake of a very tumultuous bailout for the country, which saw large depositors at two large banks get slammed. Read Complete […]
All Hedge Funds May Not Be Bad — Here’s How to Suss Yours Out
Forbes – There’s a public debate raging about the pros and cons of hedge funds—not any individual hedge fund, mind you, but rather hedge funds in general. There’s been plenty of skeptical talk in my circles. As a whole, the […]
Ex-Morgan Stanley manager launches Japanese equity hedge fund
Reuters – A former fund manager at Morgan Stanley Asset and Investment Management launched a Japanese equity long-short hedge fund on Monday, betting on interest from overseas investors after a recent surge in Tokyo stocks. Tsukasa Shimoda, the founder and […]
Survey Results Show 73% of CTA/CPO Respondents Impacted by FCM Failure
Horizon Cash Management said today that 73% of the commodity trading advisors (CTAs) and commodity pool operators (CPOs) that responded to its survey were impacted by one or more of the futures commission merchant (FCM) failures mentioned in the study. […]
Cyprus banks to reopen with emergency restrictions on cash withdrawals
Guardian – Cyprus has made eurozone history by imposing swingeing measures to stop money flooding out of the country when its banks reopen after a 12-day hiatus on Thursday. After repeatedly delaying the reopening of the banking system, officials said banks […]
Why the Cyprus crisis shouldn’t spook US retirees into bonds
American retirees should not be tempted to pile into Treasury bonds too strongly in response to the Cyprus banking crisis, warns the boss of the world’s largest financial advisory firm. The comments from the chief executive of the deVere Group, […]
Deutsche Bank Proprietary Traders Said to Find Jobs at Funds
Bloomberg – At least two Deutsche Bank AG (DBK) debt traders left for hedge funds after the bank closed a proprietary-trading group last month to cut costs and prepare for post-crisis regulations. John Roach, a mortgage-debt trader, will join BlueCrest Capital Management […]
Increase of 38% in Hong Kong’s hedge fund assets since 2010
Opalesque – The “Report of the Survey on Hedge Fund Activities of SFC-licensed Managers/Advisers” shows that hedge fund assets under management (AUM) in Hong Kong increased 38% from the time of the last survey in September 2010 to US$87.1 billion […]
Ex-Morgan Stanley Manager to Start Japan Stocks Hedge Fund
Bloomberg – Tsukasa Shimoda, a former fund manager at Morgan Stanley Asset & Investment Trust Management Co., will start a Japan-focused hedge fund amid increased appetite for the world’s second-largest equity market. The UMJ Galleyla Fund will start on April […]
Hedge Fund Titan Buys Hamptons Property for $60 Million
DealBook – Steven A. Cohen is known for his rapid-fire trading style, moving in and out of stocks with dizzying speed at his hedge fund SAC Capital Advisors. He seems to be taking a similar approach to his real estate. […]
Natixis Global Asset Management Launches Aurora Horizons Fund
Natixis Global Asset Management (NGAM) announced today the launch of the Aurora Horizons Fund (AHFAX), which is a multi-strategy mutual fund dynamically allocated across multiple hedge fund managers. The fund may help investors achieve additional risk diversification within a traditional […]
B.P. In Talks With Hedge Funds Over Funding For Oil Spill Payouts
New York (HedgeCo.Net) – The lawsuit settlement funding firm for B.P. Gulf of Mexico Oil Spill plaintiffs, Legal-Bay, has been in talks with several foreign institutional hedge fund investors as well as traditional banks to raise more funding capital. Legal-Bay previously […]