Author Archives: Editor
Oil bull Hall’s hedge fund makes first gain in 5 months
Reuters – Billionaire oil trader Andy Hall’s hedge fund has made money for the first time since February, aided by a rebound in oil prices he pinned on tightening sanctions on Iran and stalling production growth from Brazil to North […]
U.S. hedge fund wants Telus voting shareholders to have ‘acceptable’ premium
Canada Business – A dissident investor has requested a meeting of Telus’s voting shareholders to call for a premium for their support in consolidating the telecom company’s shares, a proposal Telus dismissed as the U.S. hedge fund’s latest “nuisance play” […]
Hedge Funds Sitting Out Big Corn Trade
The Street – Big volatility and surging real prices are usually the playground for hedge funds looking for some easy speculative trading gains. But the drought that has crippled the 2012 U.S. corn crop has yet to attract the big money players. […]
Loeb hedge fund makes big bet on Kraft
Chicago Tribune – Hedge fund manager Daniel Loeb made a big wager on Kraft Foods in July, telling investors in his $8.7 billion firm that a stake in the food maker is now one of the firm’s largest positions. Loeb’s […]
NY Hedge Fund Affiliate Accused Of Fraud
New York (HedgeCo.Net) – Platinum Partners, an affiliate of NY hedge fund manager Platinum Management has been accused of fraud by Hartz Solar Hamilton LLC., According to new Jersey website NorthJersey.com. Hartz filed suit in U.S. District Court (Newark), saying that the […]
Madoff Trustee Seeks to Block $410 Million Merkin Accord
Reuters – The trustee seeking money for victims of Bernard Madoff is trying to block a $410 million settlement resolving New York state’s claims against a hedge fund manager accused of secretly steering client money to the swindler. Irving Picard, […]
SNB-central bank or hedge fund?: James Saft
Reuters – Switzerland on Tuesday revealed its foreign exchange reserves now total 365 billion francs ($374 billion), a rise of 50 percent in just three months and taking it to a dizzying 62 percent of Swiss annual output. A small […]
Chef Corrigan Counts The Cost Of Olympics, Hedge-Fund Gloom
Bloomberg – Corrigan: All of Berkeley Square (near Corrigan’s Mayfair) is the hedge-fund and the equity-fund businesses and knowing them quite well, I would imagine to see stress on lots of my customers’ faces. They’re having a very tough time. […]
Moore Capital to Return $2 Billion to Investors
Reuters – Hedge fund industry titan Louis Moore Bacon plans to shrink his flagship portfolio and return $2 billion to his investors. Mr. Bacon, who has run Moore Capital Management for more than two decades, told investors in a letter […]
Northern Rock shareholders ‘shocked’ as Brussels rejects compensation case
Telegraph – The European Court of Human Rights today ruled that Dennis Grainger’s case was “inadmissible”, sparking anger among the 150,000 private shareholders in the failed lender. Mr Grainger, a former Northern Rock employee who had bought shares through the […]
Hedge Funds Care “Behind the Hedges” Raises $60,000 For Child Abuse Awareness
New York (HedgeCo.Net) – About 150 hedge fund professionals turned up for the Hedge Funds Care “Behind the Hedges” cocktail party in the Hamptons last weekend. The event raised more than $60,000 for the charity, which gives grants to nonprofits […]
UCITS Hedge Fund Index Update
New York (HedgeCo.Net) – The UCITS Alternative Index Blue Chip is up 0.20% this week. The best performing strategies are Commodities (up 1.19%), Emerging Markets (up 0.98%) and Long/Short Equity (up 0.43%). The strategies posting losses this week are Volatility […]