Author Archives: Editor
SS&C GlobeOp: Hedge Fund Performance Index for September, 2012 measured 1.11%
New York (HedgeCo.Net) – The Capital Movement Index for October shows net flows decline 0.67%, according to SS&C/GlobeOp’s combined Hedge Fund Performance Index and Capital Movement Index. “Inflows have remained steady, while outflows have spiked in line with quarter-end rebalancing,” said Bill […]
Muller’s PDT Hedge Fund Said to Get $500 Million From Blackstone
Bloomberg – Peter Muller, founder of theMorgan Stanley trading group being spun out this year as a stand-alone hedge fund, raised more than $500 million from Blackstone Group LP, said two people with knowledge of the matter. Muller, 49, whose proprietary trading group returned more […]
Investors cut back on hedge funds despite rally
Reuters – Hedge fund clients pulled out more money than they put in over the past month in spite of a strong performance, in a possible sign of nerves that the parlous state of major economies could hit their returns. […]
US Hedge Funds Ready to Reject Nine Entertainment Restructure
WSJ – U.S. hedge funds led by Apollo Global Management APO +0.48% and Oaktree Capital Group are poised to reject Nine Entertainment Co.’s board-endorsed restructure within the next 24 hours, a person familiar with the matter said Thursday. Apollo and […]
Scotiabank to Expand Derivatives Services for Hedge Funds
Bloomberg – Bank of Nova Scotia, Canada’s third- largest bank, will offer more products to hedge funds including derivatives trading as it expands prime services to compete inside and outside its home country. Scotiabank plans to provide trading of listed […]
Activist fund Octavian says it is shutting down
Reuters – Octavian Advisors, a roughly $1 billion hedge fund firm specializing in distressed investments, said it was shutting down, becoming the latest casualty of tough market conditions as it suffered double-digit losses. The New York-based firm, run by Richard […]
Goldman in Push On Volcker Limits
WSJ – Goldman Sachs Group Inc. is lobbying regulators to exempt investment vehicles known as credit funds from the “Volcker rule” in a bid to preserve the firm’s lucrative merchant-banking unit. But if Goldman fails, it has a backup plan. […]
State appeals court says ‘Not so fast’ to hedge funds suing Porsche
Reuters – In August, when New York State Supreme Court Justice Charles Ramos denied Porsche’s motion to dismiss a $1 billion fraud case brought by several hedge funds that blamed Porsche for manipulating the market for Volkswagen shares, it was a momentous ruling […]
Hedge Fund Index Up +1.26% in September, Hennessee
New York (HedgeCo.Net) – The Hennessee Hedge Fund Index increased +1.26% in September (+5.03% YTD), while the S&P 500 gained +2.42% (+14.56% YTD), the Dow Jones Industrial Average advanced +2.65% (+9.99% YTD), and the NASDAQ Composite Index increased +1.61% (+19.62% […]
Research: Large Hedge Funds Have Performed Better Than Small Funds in Down Years
New York (HedgeCo.Net) – Since 1996, during negative performance years, the average large hedge fund experienced less severe losses than the average small hedge fund, according to new research from hedge fund analytics provider PerTrac. The sixth annual version of […]
New Whitepaper: Managed Futures and Hedge Funds: A Match Made in Heaven
New York (HedgeCo.Net) – A newly released white paper featuring hedge funds, Revisiting Kat’s Managed Futures and Hedge Funds: A Match Made in Heaven (pdf), has been released by hedge fund risk management and research firm Sunrise Capital Partners LLC. The whitepaper points out […]
How Hedge Funds are Trading the Big Banks
Insider Monkey – The best performing big bank stock so far this month might be a surprise, with the surprise winner being Citigroup, up over 6% so far this month. Another surprise, of the five stocks we consider the dominant banks, […]