Author Archives: Editor
Citadel to U.S. SEC: Approve Nasdaq’s Facebook Compensation Plan
Reuter – Citadel LLC urged regulators to approve Nasdaq OMX Group’s $62 million compensation plan for firms harmed by Facebook’s May 18 glitch-ridden initial public offering. Citadel’s market making unit bought and sold over $3.8 billion worth of Facebook stock during […]
Hedge Funds, Grimacing, Open the Kimono
BusinessWeek – It’s late August. And they’re groaning about a stack of homework that is causing an early, cruel end to beach season. High schoolers? Nope—the managers of America’s largest private investment funds, who on Aug. 29 must file a […]
Cautious investors may tame hedge funds, at a cost
Reuters – An academics’ pension fund, the Church of Sweden and a biomedical charity are among conservative investors breaking with tradition and piling into hedge funds who are willing to curb their highest-risk bets to attract their cash. Five years […]
Hedge funds are a ‘limited’ risk, says FSA
Telegraph – Hedge funds pose little risk to the banking and wider financial system, according to an industry survey by the Financial Services Authority. The results of the FSA’s April survey of funds controlling assets worth about $380bn (£242bn) found […]
Hedge funds nibble at Greek bonds on hopes of deal
Economic Times – A handful of plucky hedge funds are nibbling again at cut-price Greek government bonds, increasingly optimistic that progress in talks between Athens and international lenders will deliver a better principle payout for bondholders. Such funds think the […]
Hedge Funds Reach Record High Of $1.2 Trillion
New York (HedgeCo.Net) – Hedge funds in North America are at an all-time peak and assets under management are at the historically high level of $1.2 trillion, according to the August edition of The Eurekahedge Report. Asia-based North America investing managers posted […]
Scranton to court hedge funds
The Times Tribune – Shunned by conventional banks and the municipal bond market, Scranton City Council is looking toward lenders of last resort – hedge funds – for $18.5 million needed to close a budget gap. With a loan default, […]
George Soros buys shares in Manchester United
Guardian – George Soros took a nearly 2% stake in Manchester United plc in the club’s controversial initial public offering earlier this month. The billionaire was one of the first of the football club’s new investors to be revealed. His […]
UBS Starts Unit Providing Services For Quantitative Hedge Funds
Bloomberg – UBS AG is starting a unit aimed at attracting clients among quantitative hedge funds, combining services from its prime brokerage and direct-execution trading businesses. Scott Stickler in New York will be global head of the operation, called UBS […]
Hedge fund wants Spokane’s Clearwater Paper sold in parts
The Seattle Times – Hedge fund titan Steven A. Cohen wants the board of Clearwater Paper to separate the Spokane-based company’s consumer products from its pulp and paper operations so either or both can be sold off, according to a […]
Kodak bondholder asks trustee to probe patent bidding
Reuters – A New York hedge fund that owns bonds of bankrupt Eastman Kodak EKDKQ.PK has asked the U.S. Trustee to probe the company’s patent auction because it was concerned about the “unusually secretive” bidding process, Bloomberg reported. Kodak, which […]
Hedge Fund Fraud: Whitman Joins the Ranks of Rajaratnam Guilty Verdicts
New York (HedgeCo.Net) – The manager of a $100 million hedge fund, Doug Whitman, has been convicted of insider trading. “Douglas Whitman now joins the grim procession of convicted Wall Street professionals who decided that the rules don’t apply to […]