Author Archives: Editor
The Hedge Funds With The Biggest Stakes In Gun Manufacturers
Business Insider – Friday’s tragic elementary school shooting in Newtown, Connecticut has renewed the debate on gun control in the U.S. and Obama has even pledged to use the power of his office to stop gun violence. Smith & Wesson’s stock fell […]
Wells Fargo acquires 35% stake in hedge fund firm
Star Tribune – Wells Fargo & Co. has taken a 35 percent stake in The Rock Creek Group, a fund-of-hedge-funds company in Washington, D.C., as the nation’s No. 4 bank works to double its asset-management unit. Rock Creek, which has […]
New York Pensions to Add Hedge Funds to Reduce Volatility
Bloomberg – Three of New York City’s five public pension funds are seeking to add as many as 15 hedge funds for direct allocations to reduce price swings in stocks and improve investment returns. The New York City Employees’ Retirement System, New […]
SEC Targeting 4 Hedge Fund Developments in 2013
Advisor One – Bruce Karpati, head of the SEC’s Asset Management Unit, housed within the agency’s Enforcement Division, told compliance officers Tuesday that overseeing hedge funds’ compliance will continue to be a priority for the agency next year. Speaking at […]
Eurekahedge Hedge Fund index up 0.42%
New York (HedgeCo.Net) – Hedge funds delivered positive performance in November, despite mid-month trend reversals in various sectors due to increased risk appetite. The benchmark Eurekahedge Hedge Fund index was up 0.42% while the MSCI World Index gained 1.05% over the month. Total assets […]
Sweden continues dominance of Nordic hedge fund market – report
Investment Europe – Sweden accounts for 69% of hedge funds in the Nordic region, according to the latest annual industry report from Stockholm-based OE Capital. The company’s third annual report on the regional industry is based on data covering 209 […]
Mexico’s Vitro seeks $1.59 bln in damages from hedge funds
Reuters – Mexican glassmaker Vitro said on Monday it had begun a legal process to recover up to $1.59 billion in damages from hedge funds who sued the company in Mexico but lost on appeal. Vitro went through a $3.4 […]
Goldman Bullish With Hedge Funds Amid Citi Warning: Commodities
Bloomberg – Investors almost doubled purchases of commodities this year, at a time when Goldman Sachs Group Inc. and Morgan Stanley are forecasting higher prices and Citigroup Inc. (C) says the best returns are over. Money invested in commodity funds increased by […]
2 Prominent Hedge Fund Managers Found Guilty
New York (HedgeCo.Net) – A New York jury has found Anthony Chiasson and Todd Newman, both former hedge fund managers, guilty of insider trading charges. The NYT reports: “The government built its case around the testimony of two key witnesses: Spyridon Adondakis, […]
Wells Fargo Buys 35% Stake in Hedge-Fund Firm Rock Creek Group
Bloomberg – Wells Fargo & Co. (WFC), the biggest U.S. bank by market value, bought a stake in Rock Creek Group LP to provide more hedge-fund offerings to clients amid a push to double the asset-management unit within seven years. The […]
John Budzyna hands over Hedge Funds Care reins to new President Dean Backer
Hedge Funds Care, an international non-profit organization which raises funds and awareness for programs to prevent and treat child abuse, announced today that Dean C. Backer has become the new President, taking over from John M. Budzyna, who has just […]
Madoff settlement could net hefty profit for hedge funds and investors
Hedge Funds Review – Legal settlements with the Madoff trustee and ‘feeder fund’ managers that are close to being finalised mean a group of defrauded investors stands to recover more than they lost in the Ponzi scheme. Four years after […]