Author Archives: Editor
Muller’s PDT Hedge Fund Said to Get $500 Million From Blackstone
SF Gate – Peter Muller, founder of the Morgan 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 […]
Goldman backs Nine Entertainment’s debt-for-equity deal
Chicago Tribune – Funds run by Goldman Sachs Group Inc agreed to swap debt for equity in CVC Capital Partners Ltd’s Nine Entertainment as the beleaguered Australian television network scrambled to avoid going into receivership. Other lenders including hedge funds […]
Hedge fund Japan Advisory gets hearing for insider trading charge – regulator
Reuters – Japan Advisory will have the opportunity to challenge insider trading charges against the Tokyo-based hedge fund at a hearing on October 17, the country’s financial regulator said on its website on Wednesday. The case against Japan Advisory was one of […]
Narula Masters Fed, Beats Funds With 500% Gain: Mortgages
BusinessWeek – Deepak Narula hit bottom in 2007 when investors pulled cash from his hedge fund, leaving him to unwind mortgage bond bets in a frozen market that would have made money if he’d just held on a few more […]
Hedge Fund Launch: Aberdeen Introduces Three Philadelphia Multi-Asset Funds
New York (HedgeCo.Net) – $286.5 billion hedge fund group Aberdeen Asset Management has launched the Aberdeen Dynamic Allocation Fund, the Aberdeen Diversified Income Fund and the Aberdeen Diversified Alternatives Fund. These funds were created on September 24, through the reorganization […]
Hedge Funds End Rout as Prices Reach Two-Month Low: Commodities
Bloomberg – Hedge funds increased bullish bets on commodities for the first time in three weeks as prices dropped to a two-month low on signs of slowing Chinese growth and rising supplies of everything from crude oil to coffee. Money managers raised […]
Hedge Funds Cutting Trading Budgets Amid Slump, Survey Finds
BusinessWeek – Hedge funds are cutting trading costs amid a decline in volumes and muted performance for the $2.1 trillion industry, a survey found. Forty-four percent of hedge funds polled by Greenwich Associates said they will spend less on their […]
Hedge Fund Winton Earned 351 Million Pounds of Fees in 2011
BusinessWeek – Winton Capital Management LLC, the $28 billion hedge fund founded by David Harding, earned 351 million pounds ($564 million) of fees last year after its assets under management surged 65 percent. The revenue compared with 282 million pounds […]
U.S. hedge funds increase leverage in August – report
Reuters – U.S. hedge funds and other clients of Wall Street investment firms raised their level of borrowed money in August, a sign they may be more confident in the markets, data published Monday showed. Leverage rose to $286.6 billion […]
Ex-M.Stanley, Lehman execs launch hedge fund to bet on Asia M&A
Reuters – Hong Kong-based Ardon Maroon Fund Management, run by former Wall Street bank executives, has launched an Asia-focused hedge fund with seed capital from a European family office, a company document showed, aiming to profit from events such as […]
IndexIQ Launches New Hedge Fund ETF
New York (HedgeCo.Net) – Index-based alternative investment provider Index IQ has launched a new hedge fund replicator fund, the IQ Hedge Market Neutral Tracker ETF (QMN). The new ETF fund seeks to track, before fees and expenses, the performance of the IQ Hedge Market […]
Hedge Funds End Rout as Prices Reach Two-Month Low: Commodities
Bloomberg – Hedge funds increased bullish bets on commodities for the first time in three weeks as prices dropped to a two-month low on signs of slowing Chinese growth and rising supplies of everything from crude oil to coffee. Money […]