Author Archives: Editor
CEO-for-a-day parachutes out of Duke Energy with $44 million
LA Times – For a few hours this week, William D. Johnson served as chief executive of Duke EnergyCorp. before resigning. His departure package could include $7.4 million in severance, relocation expenses and more, according to a securities filing. Johnson, formerly CEO […]
Floodgates on U.S. derivative reforms set to open
Reuters – The U.S. swaps regulator is set to finalize this week a critical reform that will trigger banks and traders having to comply with costly new derivatives rules. The Commodity Futures Trading Commission will vote on Tuesday on a […]
Exclusive: How Hutchin Hill Took Down JPMorgan
ValueWalk – Hutchin Hill Capital is a hedge fund, founded in 2008, by Neil A. Chriss. The fund uses a quantitative (known as quant) approach to investing. Chriss is a former analyst at Steve Cohen’s SAC Capital. Additionally, Chriss was […]
Weavering hedge fund fraud case reopened in London
Investment Europe – The criminal investigation surrounding the demise of Weavering Capital, London’s largest ever hedge fund collapse, is being reopened by the UK Serious Fraud Office on the heels of a High Court judgement found founder Magnus Peterson liable […]
Stark shuts down multistrategy funds
Pensions & Investors – The demise of Stark Investments LP’s flagship multistrategy hedge funds is one of the industry’s largest to date, said industry sources. Investors were informed last month that Stark Investment’s multistrategy hedge funds will be closed. But the firm, […]
Barclays Strategy Backfires in LIBOR Scandal
HedgeWorld – Bob Diamond and the rest of the Barclays board sowed the seeds of their own downfall when they chose to come clean about LIBOR fixing and settle ahead of more than a dozen rivals that are still under […]
Hedge funds fail to wow in first half
Reuters – Hedge funds have little to brag about halfway through 2012, with some of the industry’s biggest names reporting only small gains and trailing the benchmark U.S. stock index by a wide margin. Paul Tudor Jones’ flagship fund is […]
How a hedge fund bust ‘may’ relate to Kleiner Perkins suit
Forbes – I’ve been asked that question a lot over the past seven weeks, while covering Ellen Pao’s gender discrimination lawsuit against venture capital firm Kleiner Perkins Caufield & Byers. It almost always came from those sympathetic to Kleiner Perkins, as a […]
EDT A hedge fund’s promising stock pick
Market Watch – Last month, Abrams Capital Management, a $1.1 billion hedge fund managed by David Abrams, increased its total holdings of Wesco Aircraft Holdings WAIR +0.08% to 4.5 million shares. The fund now owns 5.2% of the company, along […]
Fletcher Sues to Block Cayman Liquidation of Hedge Fund
BusinessWeek – Fletcher International Ltd., a bankrupt hedge fund managed by the investment firm of Alphonse “Buddy” Fletcher, sued some of its own Cayman Islands-based funds to block liquidators from selling its assets. The lawsuit, filed in U.S. Bankruptcy Court […]
Former Hedge Fund Partner Named Director At SEC Division
New York (HedgeCo.Net) – The SEC yesterday named former hedge fund executive at Chilton Investment Company, Norm Champ, head of the Division of Investment Management, MarketWatch reports. “Norm has proven himself to be a natural leader and an expert at managing programs that […]
Hedge Fund Manager Crispin Odey Buys up Barclays Shares
New York (HedgeCo.Net) – European hedge fund manager, Crispin Odey, founding partner at $6.9 billion hedge fund, Odey Asset Management, has bought 10 million pounds’ worth of shares in Barclays, Reuters reported today. Barclays is in the middle of a scandal over interest rate […]