Author Archives: Editor
Scaramucci to Raise Hedge-Fund Bets in Asia With SALT
Bloomberg – SkyBridge Capital LLC, the $6.7 billion fund of hedge funds that organizes the biggest industry event in the U.S., plans to increase investments in Asia as it kicks off its first conference in the region. SkyBridge will seek […]
Australia’s Nine reaches debt deal, owner CVC loses $1.8 billion
Reuters – Lenders of Nine Entertainment television network, owned by CVC Capital Partners Ltd, agreed to swap more than $3 billion in debt for equity, giving U.S. hedge funds control of one of Australia’s best-known media firms. The deal will […]
The Dow Jones Credit Suisse Hedge Fund Index Finished Up 1.04% in September
PRNewswire – The Dow Jones Credit Suisse Hedge Fund Index (the “Broad Index”) finished up 1.04% for the month of September. Performance for the Broad Index and its 10 sub-strategies is calculated monthly. September, August and YTD 2012 performance numbers […]
Rupert Murdoch faces down shareholders at News Corp’s AGM
Rupert Murdoch told shareholders they can take their money elsewhere if they do not like the way he runs News Corp as he sailed through his second meeting with investors since the hacking scandal tore through his media empire. At the […]
US Hedge Funds Cross $1.2 Trillion, EU Hedge Funds up 2.59% in 3rd Quarter
New York (HedgeCo.Net) – The $360 billion European hedge funds industry has witnessed a remarkable rebound of 31% returns over 2009 and 2010 according to the October edition of The Eurekahedge Report. However, since that time the prevailing conditions in the […]
DiMaio’s Mead Park Creating Loan-Investing Venture With Doral
Bloomberg – Mead Park Holdings LLC, the hedge fund led by former Credit Suisse Group AG (CSGN) trader Jack DiMaio, is creating a partnership with Doral Financial Corp. (DRL) to invest in junk-grade loans. The hedge fund will take a 75.1 percent stake in […]
Ex-Goldman Trader Said to Post 30% Fund Gain
BusinessWeek – Josh Birnbaum, the former Goldman Sachs Group Inc. trader instrumental in the bank’s bet against the U.S subprime mortgage market in 2007, posted a 30 percent gain this year in his hedge fund, according to a person familiar with […]
Hedge funds shrug off Dodd-Frank
Salon – The Dodd-Frank bank reform act has always worked perfectly as prism for determining partisan alignment. Conservatives see it as burdensome over-regulation that will unfairly constrict the banking industry and slow overall economic growth. Liberals see it as a […]
Emerging market hedge funds stand out in mediocre year
Reuters – Fund managers that specialize in investing in emerging markets have achieved standout gains of nearly 8 percent in a year when the typical hedge fund has eked out returns of about 5 percent, recent data showed. Emerging market-focused […]
Norfolk Hedge Fund Manager Indicted
New York (HedgeCo.Net) – Jeffrey Martinovich, a Norfolk hedge fund manager was indicted on 26 charges of fraud over the weekend. According to a news release from the U.S. Attorney’s Office in the Eastern District of Virginia Martinovich was charged with mail fraud, […]
GLG Trio Sit on $220 Million Man Loss
CNBC – Three principals of hedge fund GLG Partners are sitting on a $220 million paper loss two years on from their firm’s acquisition by Man Group in the industry’s biggest merger. Monday will mark the first time that Pierre Lagrange, Emmanuel […]
Trial Date Set in U.S. SEC Case Against Goldman’s Tourre
Reuters – A federal judge on Thursday [Oct. 11] set a trial date for the only Goldman Sachs Group Inc. employee charged in the government’s civil fraud case over the bank’s Abacus subprime mortgage deal. Fabrice Tourre’s case is scheduled […]