Author Archives: Editor
RWC Cayman Hedge Fund Launch
New York (HedgeCo.Net) – Investment manager RWC is launching a new Cayman hedge fund to be managed by an European Focus team that recently joined from Hermes. The team of six is headed up by Maarten Wildschut and Petteri Soininen and […]
Hedge Fund Founder Faces Jury as FBI Raids Yield Trial
BusinessWeek – 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. This week, the first […]
Hedge Funds Down, But Outperform S&P
Reuters – Hedge funds lost money for the first time since May last month, hurt by exposure to the broader stock market, which also sank in October. On average hedge funds fell 0.34 percent in October according to a group […]
Matrix to Liquidate Hedge Fund and Investment-Banking Divisions
Bloomberg – Matrix Group Ltd., a U.K. financial firm seeking protection from creditors, said it will liquidate its hedge fund and investment-banking operations. Matrix Alternative Asset Management LLP will be wound down “shortly” and Matrix Corporate Capital LLP, which advises […]
Hurricane Sandy causes massive damage to hedge fund trader’s house, year after he suffered from MF Global’s collapse
NYP – Hedge fund trader Nick Gentile is starting to dread this time of year. “October is a bad month for me,” the Staten Islander told The Post yesterday while taking a break from cleaning up debris outside his two-story Oakwood […]
California Backs Hedge Fund Chief’s Corporate Tax Measure
BusinessWeek – California voters passed a ballot initiative financed by hedge fund executive Thomas Steyer that strips out-of-state corporations of an option for lowering their state income taxes. The measure was winning 59.5 percent to 40.5 percent, with 58 percent […]
Global Regulators Push Ahead with Plans to Curb ‘Shadow Banks’
Reuters – Working to tighten-up global regulation after the financial crisis, are moving ahead with plans to extend their reach to “shadow banks” such as money-market funds that handle trillions of dollars in short-term investments. Policymakers have already tightened regulation […]
Hedge Fund People Moves: Grassi & Co. Expands With Merger and Four New Hires
New York (HedgeCo.Net) – 2012 has been a pivotal year for Grassi & Co. The year started off with a merger with Pustorino, Puglisi and Co., a Manhattan based accounting firm that expanded Grassi & Co.’s expertise within the Financial Services […]
More high profile hedge funds shut down
FierceFinance – Goldman Sachs employees are not guaranteed they will retain anything resembling a Midas Touch after they leave the bank. Consider the fate of former Goldman Sachs proprietary trader Pierre-Henri Flamand, who left the company to start his own hedge […]
Einhorn’s Greenlight Shorts Daily Mail, FSA Filing Shows
Bloomberg – David Einhorn’s $7.7 billion hedge fund Greenlight Capital Inc. disclosed a short position of 4.4 percent in the shares of Daily Mail and General Trust Plc, which publishes the U.K.’s second-biggest selling daily newspaper. Greenlight’s bearish bet on […]
Permian Hedge Fund, ‘Linked’ To Warren Buffet, Returns 16.2%
ValueWalk – The principle mover of the last quarter’s economic environment was the monetary policy announced by the central banks of US and Europe. Both entities created a transient environment in which equities rallied and the stock market experienced a good turn, while currencies […]
Hedge fund legend Robertson seeds Tiger Pacific Capital
Reuters – Billionaire hedge fund manager Julian Robertson, who has trained and seeded some of the hedge fund industry’s biggest stars, is making an investment in Tiger Pacific Capital, a hedge fund focused on Asia. Tiger Capital was founded by […]