Author Archives: Editor
Hedge Fund Launch: Hatteras Alpha Hedged Strategies Variable Fund
New York (HedgeCo.Net) – $2 billion hedge fund investment specialist, Hatteras Funds, has launched a new variable trust fund, the Hatteras Alpha Hedged Strategies Variable Fund. “We believe alternative investment strategies provide higher levels of diversification and risk mitigation than […]
German govt wants to limit hedge funds to professionals
Reuters – German Finance Minister Wolfgang Schaeuble wants to limit direct investment in hedge funds to professionals in order to protect private investors from risky assets, via a new bill regulating alternative investment funds, his ministry said on Wednesday. “Interests […]
Broadband Research’s Kinnucan Pleads Guilty In Tip Case
Bloomberg – John Kinnucan, the Broadband Research LLC founder who earlier refused to cooperate in an FBI probe of insider trading, admitted passing illegal tips on companies to hedge-fund clients and obstructing justice. Kinnucan, 55, who was indicted in February, […]
Canyon Value Hedge Fund Up 10.4% Year to Date
Value Walk – Canyon Partners manages over $19 billion in assets. The firm was started by ex-Drexel Burnham traders; Josh Friedman , Mitchell Julis. The flagship hedge fund is the Canyon Value Realization Fund. According to sources with direct knowledge of the matter, […]
Ex-Goldman trader in Asia plans credit hedge fund
Reuters – Former Goldman Sachs managing director in Hong Kong Christopher Mikosh is preparing to launch a credit hedge fund by the fourth quarter of this year or early 2013, sources said on Thursday, lifting prospects for the $127 billion […]
Israel belatedly joins the global hedge fund boom
Harretz – Globally, hedge funds control about $2.3 trillion in assets, compared to $23.8 trillion for mutual funds at the end of 2011. While the latter are subject to ever-increasing supervision and growing transparency, regulation of hedge funds remains weak. […]
Telus counters ‘misleading allegations’ from Globalive, dissident shareholder
FP – Telus Corp. has rebuffed claims it’s offside with Canada’s foreign-ownership laws, filing documents with regulators on Monday denying what the wireless carrier calls “misleading allegations” made by competitor Wind Mobile and a dissident shareholder. As of June 29, […]
John Paulson Said to See 50% Odds Euro to Fail
BusinessWeek – Billionaire hedge-fund manager John Paulson told clients he sees a 50 percent chance the euro will unravel, said an investor who listened to the comments. An event causing a breakup may happen in three months to two years, […]
“Black box” fund may not be enough to revive Man
Reuters – A recent uptick in the performance of its flagship AHL fund may not be enough of a cure for hedge fund manager Man Group after a sharp fall in assets, analysts said. The firm, whose shares have lost […]
NFA launches education initiative in wake of CFTC rule amendments rescinding exemptions
New York (HedgeCo.Net) – National Futures Association (NFA) today announced an education initiative to assist commodity pool operators and commodity trading advisors that will be affected by the Commodity Futures Trading Commission’s (CFTC) recent rule amendments rescinding exemptions from registration. […]
E.U. Moves to Make LIBOR Rigging Illegal
Reuters – Manipulating market benchmarks in the European Union would be illegal under a draft law being proposed next week after Barclays’ admission of rigging the London-based LIBOR rate, the E.U.’s executive body said on Friday [July 20]. The European […]
Ackman Protege Ferguson To Leave Pershing To Start Fund
Bill Ackman, the hedge-fund manager who is pressing for changes at Procter & Gamble Co., is losing the first analyst he hired for his Pershing Square Capital Management LP, according to a letter to investors. Scott Ferguson, now a partner […]