Author Archives: Editor
Goldman CEO Blankfein To Meet With Obama
Reuters – Goldman Sachs Group Inc. (GS) Chief Executive Officer Lloyd Blankfein is among the business leaders invited to the White House tomorrow as President Barack Obama seeks their support for his approach to addressing the fiscal cliff, according to two people familiar […]
UCITS Hedge Fund Index Up In November
New York (HedgeCo.Net) – The UCITS Alternative Index Blue Chip ends November with a gain 0.23% after a progression of 0.31% during the last week. Emerging Market funds bounce back (up 1.19%) and are the largest weekly contributors to the […]
Harvard doctor turned hedge fund felon lured by ambition, riches
Bloomberg – From the age of six, Joseph F. “Chip” Skowron III aspired to be a doctor. At Yale, he earned both a medical degree and a doctorate in molecular and cellular biology, then qualified for Harvard’s elite, five-year residency […]
Hedge funds face profit headache in 2013
Reuters – Hedge funds’ glory days seem a long way off as they head into a tricky 2013, with bumper profits likely to remain elusive in markets now dominated by political and central bank action. Speakers at the Reuters Global […]
SAC Capital to Try to Reassure Investors
DealBook – SAC Capital Advisors, the hedge fund giant hit with a new insider trading charge last week, plans to hold a conference call on Wednesday morning to reassure investors and allay concerns related to the latest case. Federal prosecutors […]
Why are hedge funds buying annuities?
Market Watch – Picture a scene from a future Oliver Stone movie. A high rise Wall Street office where a selected few master-of-the-universe hedge fund owners are sitting around drinking $500-a-glass single malt trying to figure out their next step […]
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 […]
BNY Mellon recognised as best custodian in the Hedge Funds Review Service Provider Rankings Survey
BNY Mellon, the global leader in investment management and investment services, has been named the world’s number one custodian for the second consecutive year in the Hedge Funds Review Service Provider Rankings Survey 2012. The Service Provider Rankings are determined […]
Hedge Fund Trader Mathew Martoma Released On $5 Million Bond
New York (HedgeCo.Net) – Former SAC Capital trader Mathew Martoma was charged yesterday for insider trading during an alzheimer’s disease drug trial that is being called the most lucrative hedge fund insider trading cases ever prosecuted. Martoma has been released on a […]
Hedge Funds Badly Beaten by S&P 500 Performance
Advisor One – Low cost indexing might just have been vindicated in the starkest way possible. According to Goldman Sachs data, just 13% of hedge funds are outperforming the S&P 500, and a fifth of all hedge funds are actually in the […]
Meet Britain’s Richest Hedge Fund Managers
Value Walk – According to the latest list of UK’s richest hedge fund managers compiled by Sunday Times, Alan Howard, the founder of Brevan Howard Asset Management, is on the top spot with a comfortable margin. Howard’s net worth stands […]
Hedge fund to pay $2.5 billion for McGraw-Hill education unit
NJ – McGraw-Hill Cos. agreed to sell its education unit to Apollo Global Management LLC for $2.5 billion, taking Chief Executive Officer Harold “Terry” McGraw III one step closer to dismantling his family’s 124-year-old company. The transaction is expected to […]