Author Archives: Editor
The hedge fund managers profiting off Sandy Hook
Salon – After Adam Lanza shot dead 20 children in a Connecticut primary school with his mother’s Bushmaster XM15-E2S rifle, public discourse turned swiftly to the well-hashed gun control debate. Legislation was proposed, teacher gun-training groups launched, Bushmasters flew off shelves in […]
Cyprus Hits Hedge Funds with Long Euro Position Off Guard
Value Walk – Cyprus was the fifth nation in EU to seek rescue from the Torika in an attempt to save itself from a burgeoning debt crisis. However, the €10 billion that were set to reach the country as part of its bailout […]
Hedge funds’ reputation in the balance By John Gapper
FT – There is little ambiguity about the ultimate target of investigators and prosecutors in their seven-year campaign to halt insider trading by hedge funds on Wall Street. He is “Portfolio Manager A” in Friday’s historic $614m settlement with SAC, the highly […]
The hedge funds’ Google vs. Apple trade
CNN – Starting in February, according to Thomas Kee, who runs an outfit called Stock Traders Daily and writes a column for MarketWatch, hedge fund traders were buying Google and shorting Apple. “The trade worked quite well until about one […]
Last year saw most hedge funds liquidated since 2009
Boston – The greatest number of hedge funds since 2009 were liquidated last year as changes in the industry continued to take hold. This isn’t to say the industry is suffering. In fact, assets finished the year at a record […]
Hedge Fund Legend Does Not Intend To Permanently Quit US Over Tax – Report
Fox – In the wake of reports indicating he may flee New York for tax purposes, billionaire hedge fund titan John Paulson on Friday said he has “no plans” to relocate to Puerto Rico. In a statement, the president of […]
Hedge Funds Build Treasury Bets to ’07 High in Bear Rebuke
Bloomberg – Hedge funds are the most bullish on 10-year Treasuries since 2007, betting the U.S. economy is too fragile for the Federal Reserve to stop buying bonds even as the jobless rate drops to the lowest in four years […]
Cohen’s ’Elan Guy’ Martoma Dropped Ethics for Hedge Fund
Bloomberg – A former student at Harvard Law School, he co-wrote papers on medical ethics before seeking a business degree at Stanford University and joining a little-known Boston hedge fund. Former colleagues say he was nondescript, and other hedge-fund managers never heard […]
The SEC is now Worth $600 Million
The SEC said Friday it has reached a settlement on insider trading charges with CR Intrinsic, an affiliate of billionaire Steve Cohen‘s hedge fund firm. At just over $600 million it marks the agency’s largest ever insider trading settlement. Trader Mathew Martoma, who […]
Foreign hedge funds set to get yuan fundraising toehold
South China Post – Shanghai has started the countdown to the introduction of a “qualified domestic limited partner” (QDLP) scheme, which will allow foreign hedge funds to raise yuan capital on the mainland to make investments in overseas securities. The […]
Hennessee: Hedge Funds Lag Equity Markets as Rally Continues
New York (HedgeCo.Net) – Hedge fund research and consulting firm, Hennessee Group LLC, announced that the Hennessee Hedge Fund Index advanced +0.23% in February (+3.01% YTD), whilethe S&P 500 advanced +1.11% (+6.20% YTD), the Dow Jones Industrial Average increased +1.40% (+7.25% […]
Hedge funds fall short on compliance
Risk.net – Operational due diligence analysts find more red flags in hedge funds’ compliance and regulatory functions than any other area. Compliance and regulatory failures are the most common problems identified by operational due diligence (ODD) analysts when they conduct […]