Author Archives: Editor
Ohio Public Employees places $280 million in 2 hedge funds
Pensions & Investments – Ohio Public Employees’ Retirement System, Columbus, made two direct hedge fund investments totaling $280 million, confirmed spokesman Michael Pramik. The $76.4 billion pension fund committed $180 million to Bridgewater Pure Alpha Major Markets, a discretionary global macro […]
Hedge Funds Cite ‘Fiscal Cliff’ as Top Concern: Survey
CNBC – The upcoming elections and the impending “fiscal cliff” have hedge funds more on edge than any other issue, according to a survey by Macro Risk Advisors. More than 60 percent of responding hedge funds listed the possibility of […]
Ex-Credit Suisse trader says Asia hedge fund returns 60 percent
Reuters – Charlie Chan’s Splendid Asia macro hedge fund is living up to its name, with the former Credit Suisse trader putting his returns at 60 percent this year as bets on real estate investment trusts (REIT), bonds and currencies pay off. […]
Battle Of The Hedge Fund Clones: GURU Vs. ALFA
Business Insider – The proliferation of exchange-traded products has opened up previously difficult-to-reach corners of the investing landscape, allowing for retail investors with online brokerage accounts to access virtually any asset class in an easy, cost-efficient manner. While passive, index-based […]
The rich bail out of changing hedge fund industry
Reuters – 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 […]
Goldman to face hedge fund lawsuit
Sydney Morning Herald – Wall Street titan Goldman Sachs will have to defend claims that it deliberately sold toxic subprime mortgages to an Australian hedge fund in 2007 as the US housing market began to unravel. The New York Supreme […]
1504 Hedge Fund and Private Fund Advisers Have Registered Since The Dodd-Frank Act Was Implemented
New York (HedgeCo.Net) – The SEC reported that 1,504 advisers to hedge funds and other private funds have registered with the agency since the Dodd-Frank Wall Street Reform and Consumer Protection Act mandated such registration. While some private fund advisers […]
Weschler Rise From Grace Leads to Role Advising Buffett
BusinessWeek – Ted Weschler’s first job after college was at chemical maker W.R. Grace & Co. In 2007, six years after the company filed for bankruptcy, his hedge fund held 15 percent of the shares. That’s when he called Joe Rice. […]
SEC must hedge bets on advertising
Investment News – Now that the comment period has closed on the SEC’s proposal to allow hedge funds and private-placement issuers to advertise their offerings, the agency should listen to its critics and go back to the drawing board to […]
Hedge Funds Cut Bets to 12-Week Low as Prices Drop: Commodities
Bloomberg – Hedge funds cut bullish commodity bets to the lowest since July as speculation that governments in China and Europe aren’t doing enough to boost growth drove prices to the biggest loss in five weeks. Speculators reduced net-long positions across 18 U.S. futures and options […]
Newton native trades hedge funds for muffins
Newton – Newton native Ben Gifford used to work for a hedge fund that manages billions of dollars for foreign governments, universities, pension funds and central banks. Now, he is managing muffin orders for his on-the-go bakery, Double or Muffin, and […]
New Hedge Fund Landlords Learning The Price Of Hubris
Seeking Alpha – Reuters is reporting that the firm Och-Ziff has decided to unload a 300-house portfolio in California because “the returns it is generating from rental income are less than expected and it is looking to take advantage of a […]