Author Archives: Editor
Porsche Seeks to Reverse Hedge Fund Suit Ruling in New York
BusinessWeek – Porsche SE is seeking to reverse a ruling that the carmaker must face a lawsuit by hedge funds accusing it of hiding a plan to corner the market in Volkswagen AG shares. Porsche today asked the New York […]
Swiss fear role as haven for secretive resource traders will cost the country
Guardian – There are no oil rigs on Lake Geneva but each year enough oil to meet Swiss needs 75 times over is traded electronically in the nondescript offices that hug the shore of the largest lake in the Alps. […]
Hedge Funds Find Tech Stocks in the Bargain Bin
BusinessWeek – Fans of tech stocks and train wrecks got to combine their interests in 2012, as several high-profile companies endured an awful year: Shares of Facebook are off 31 percent, Zynga is down 73 percent, and Groupon is at […]
Hedge funds feel squeeze of tighter bank curbs
Reuters – Tighter capital rules being imposed on banks to reduce risk in the financial system are starting to trickle down to hedge funds looking to borrow money to trade. A J.P. Morgan & Chase executive said Thursday the tougher […]
In Battle With Hedge Funds, a Small Victory for Argentina
DealBook – A decade-long quest by hedge funds led by Elliott Management and Aurelius Capital Management to force Argentina to pay up on the country’s defaulted debt is going to last a bit longer. On Wednesday, the United States Court […]
Hedge Fund People Moves: Kenneth Sorenson Joins Sanborn Kilcollin Partners
New York (HedgeCo.Net) – Former Senior Vice President at Hovde Capital Advisors Kenneth Sorenson has been named Director of Investor Relations at Chicago hedge fund Sanborn Kilcollin Partners LLC. Sorenson reports to Sanborn Kilcollin Co-founder and Managing Member, T. Eric Kilcollin. Previously, […]
Nordic Business Media acquires HedgeNordic.com
HedgeFonder – Nordic Business Media AB, the company publishing HedgeFonder.nu, in November 2012 acquired the website and business of HedgeNordic.com. “Over the next weeks, we will merge the index databases of HedgeNordic and HedgeFonder.nu news service to one website which will […]
Another View: Donald Sussman supports increase in hedge fund taxes
Portland Press Herald – The recent letter about U.S. Rep. Chellie Pingree and her husband, Donald Sussman, notes that Mr. Sussman is in the hedge fund industry, and notes that President Obama had been critical of the law that allows […]
Clearstream opens Dublin hedge fund processing centre
Automated Trader – Clearstream has established a branch in Dublin to extend its post-trade offering in the area of investment funds to hedge funds. Clearstream Banking S.A., Dublin Branch, will extend the company’s investment funds business to alternative funds and […]
Greek debt deal turns hedge fund trade to gold
Reuters – For a few hedge funds, Greek debt is turning into one of the trades of the year. News that Athens – backed by euro zone ministers and the International Monetary Fund – will buy back some its own debt from […]
Hedge Funds Love These 3 Profitable And Buy Rated Drugmakers
Seeking Alpha – Do you like to follow the buying trends of smart money investors? We ran a screen to find drugmaker stocks currently in favor by hedge fund managers. We began by screening for stocks with high growth projections, […]
SEC Preparing Civil Suit Against Cohen’s Hedge Fund SAC Capital
New York (HedgeCo.Net) – A week after hedge fund trader Mathew Martoma was charged with insider trading, the SEC is going after the hedge fund in question, Steven A. Cohen’s hedge fund SAC Capital, according to people familiar with the situation. “In […]