Author Archives: Editor
Credit Suisse Stocks Chief Jain Said to Move to Hedge-Fund Unit
Bloomberg – Credit Suisse Group AG equities chief Bob Jain will move to a job overseeing a unit that includes in-house hedge funds and be replaced by Timothy O’Hara, two people with knowledge of the decision said. Jain will run […]
Rich investors opt out of hedge funds
BR – Rich private investors are turning their backs on hedge funds because moves to attract more conservative pension fund clients mean managers no longer deliver the big returns they crave. The fastest growing source of new money for hedge […]
Silvio Berlusconi sentenced to four years in jail for tax fraud: €10m In Damages
Guardian – An Italian court has sentenced Silvio Berlusconi to four years in jail for tax fraud in connection with the purchase of broadcasting rights by his Mediaset television company. The former Italian prime minister has the right to appeal against the […]
Rich Choose ETF Over Buffett’s Berkshire in Indexing Gain
U.S. millionaires would rather match the stock market through an exchange-traded index fund than try to beat it using higher-fee hedge funds or billionaire Warren Buffett’s holding company Berkshire Hathaway Inc. Bloomberg – The SPDR S&P 500 ETF Trust surged to the No. 2 […]
HSBC swings to victory at Hong Kong’s hedge fund fight night
Reuters – Adam Gazal trained for six months to stand in the ring for six minutes of live boxing. He remembers the noise, and not much else, and said he’d like to try it again, though he realizes that the […]
Futures market: Wall Street’s thirst for water
International Journal Of Science – Early last year, I published an article in Foreign Policy that explained how Wall Street profits from hunger. I traced the history of financial markets in food and noted how the prices of maize (corn), soya, rice […]
Hedge Fund Advisors Plan to Increase Use of ETFs
New York (HedgeCo.Net) – Guggenheim Investments, which represents $130 billion in hedge fund assets, announced the results of a survey of financial advisors who attended the Morningstar ETF Invest Conference in Chicago. The results found that 78 percent of financial […]
Billionaire Hedge Fund’s Naval Prize Nabs 1% of Payday
Bloomberg – For all the embarrassment billionaire Paul Singer caused Argentina by seizing one of its navy ships, the biggest triumph in a decade-long dispute brings him just 1 percent closer to recouping his $1.6 billion claim. The hedge fund […]
Hedge fund firm Odey bets on Man Group recovery
Reuters – Odey Asset Management has sharply increased its stake in Man Group Plc, taking a bold bet on a fightback by the struggling computer hedge fund firm. Odey, founded by veteran fund manager Crispin Odey and which is known […]
BlueMountain to Saba Searching for Yield in Bond Exotica
Bloomberg – BlueMountain Capital Management LLC and Saba Capital Management LP are leading investors into the debt market’s darker corners to boost returns, buying securities from collateralized loan obligations to bonds that seldom trade. BlueMountain, the $11 billion hedge fund […]
Hedge Fund Havens Weigh Taxes as Caribbean’s Debt Rivals Greece
Bloomberg – From the Cayman Islands to the Bahamas, hedge fund havens are considering a surprising remedy for widening deficits — higher taxes. The Bahamas is planning a town hall to debate a tax overhaul that may include the nation’s […]