Author Archives: Editor
Greece passes 2013 austerity budget
The Herald – Greek lawmakers approved the country’s 2013 austerity budget early Monday, an essential step in Greece’s efforts to persuade its international creditors to unblock a vital rescue loan installment without which the country will go bankrupt. The budget […]
Ex-Goldman Trader Accused of $118 Million Loss Denies Fraud
Reuters – A lawyer for a former Goldman Sachs Group Inc. trader denied on Friday [Nov. 9] U.S. civil accusations that his client had defrauded the Wall Street bank of $118 million. The trader, Matthew Marshall Taylor, was sued on […]
Bain Capital Invites Investors, Everyone To Stop Hating It Now
HuffPo – Let’s face it, this has been a tough year for Bain Capital. But in a new letter to investors, Bain says it’s doing just fine, and hopes you’re fine with Bain. “Now that the US presidential election is […]
Hedge Fund Launch: FMG New Frontiers Fund
New York (HedgeCo.Net) – Emerging and frontier market investment specialist Fund Management Group (FMG) is launching a new hedge fund on January 1st 2013. “Frontier Markets represent 40% of the world’s population but only 15% of the world’s GDP, only […]
China’s economy to overtake US in next four years, says OECD
Guardian – China will overtake the US in the next four years to become the largest economy in the world, says a leading international thinktank. The Paris-based Organisation for Economic Co-operation and Development (OECD) said China’s economy will be larger […]
Even as U.S. hedge fund returns lag stock market, pay rises
Reuters – U.S. hedge fund compensation has risen in 2012 even as the industry has failed to keep pace with a rising stock market, according to data published on Thursday. Employees in marketing, compliance and senior investment roles at money-making […]
Hedge fund founders lose their cool in lunchtime lift ordeal
The Telegraph – NewSmith founders Michael Marks and Stephen Zimmerman had put in a full morning’s work hedging funds in their Berkeley Square base. But disaster struck on the way out to a well-earned Mayfair lunch when the pair got […]
Fiscal cliff impact may hobble hedge fund FX flows
Reuters – Among those peering most anxiously over the U.S. “fiscal cliff” are arguably hedge fund foreign exchange sales traders and their banks. The implications of possible U.S. tax hikes for hedge fund FX volumes and, by extension, profitability in […]
SEC charges hedge fund with mortgage bond fraud
MarketWatch – The Securities and Exchange Commission on Thursday charged a hedge fund manager with allegedly defrauding investors by hiding millions of dollars in losses from mortgage securities. Specifically, the SEC alleges that Walter Morales and hedge fund Commonwealth Advisors, […]
Hedge Fund Co-Founder Faces Jury as FBI Raids Yield Trial
Bloomberg – Almost two years ago, Level Global Investors LP and Diamondback Capital Management LLC were among four hedge funds raided by the Federal Bureau of Investigation as part of a nationwide crackdown on insider trading. Yesterday, the first of […]
Most U.S. hedge funds lost ground in October
Reuters – Hedge funds fell 0.5 percent on average in October, the industry’s first loss in five months, hedge fund tracking data published on Wednesday showed. Funds lost money last month as the S&P 500 sank 2 percent. Still, the benchmark […]
Dow Jones Credit Suisse Core Hedge Fund Index Closed Down 0.47% in October
New York (HedgeCo.Net) – The Dow Jones Credit Suisse Core Hedge Fund Index closed down 0.47% in October as three of the seven index component strategies reported positive results for the month. The Dow Jones Credit Suisse Core Hedge Fund […]