Author Archives: Editor
Hedge Fund Manager Kellner DiLeo Rebrands as Kellner Capital
New York (HedgeCo.net) – Kellner DiLeo & Company, LLC, a more than three decade-old hedge fund manager, has been reorganized and renamed Kellner Capital, LLC, and has launched a new event-driven investment fund. George Kellner, Founder and CEO, said, “The Firm […]
Mutual Funds Group Urges Limits On Hedge Fund Advertising
Bloomberg – Mutual funds are pushing for limits on hedge fund advertising permitted under the Jumpstart Our Business Startups Act, saying such ads may hurt investors and damage the entire fund industry. The law’s repeal of a ban on the […]
Broker fees for U.S. stock trading fell to lowest since 2006
Stamford Advocate – U.S. securities firms received the lowest commissions from equities trading since 2006 amid a fifth straight year of outflows from stock funds and the worst returns during the bull market that began in 2009. The industry split $10.9 […]
Rajat Gupta secretly served Rajaratnam’s hedge fund: Prosecution
Daily News India – Prosecutors in the insider-trading trial of Rajat Gupta have suggested he leaked information about Goldman Sachs to convicted hedge fund billionaire Raj Rajaratnam because he was secretly serving as an executive of his Galleon Group. Indian-American […]
Insight – Gains that funds made on bets by JPMorgan whale may be limited
Reuters – JPMorgan Chase & Co’s losing bets in credit derivatives were so huge that one of its traders was known as “the London whale” and the hedge funds that attacked him have often been portrayed as harpooners who made […]
With Megadonations for Both Parties, a Hedge Fund Hedges Its Political Bets
MJ – Among the 15 top donors to outside political groups this election cycle, only two happen to work for the same company: James Simons, the billionaire founder and chairman of the hedge fund Renaissance Technologies is a prominent Democrat. […]
Ontario Power Authority offers U.S. hedge fund $82.3 million to settle Mississauga power plant dispute
The Star – The Ontario Power Authority offered to pay a U.S. hedge fund $82.3 million to settle a lawsuit over the province’s decision to cancel construction of a gas-fired power plant in Mississauga. But the hedge fund rejected the […]
Busson’s EIM considers merger plan
Telegraph – EIM, the fund-of-hedge funds founded by the flamboyant Arpad Busson, has held merger talks with rival asset managers after suffering a spate of client withdrawals. Mr Busson, better known for his relationships with supermodel Elle Macpherson and actress […]
Emerging Market Hedge Funds Gain +7.3% in 1Q12
New York (HedgeCo.net) – Emerging Markets hedge funds posted their strongest start to a calendar year since 2006 with the HFRI Emerging Markets Index posting an industry-leading gain of +7.3 percent in 1Q12, according to the latest HFR Emerging Markets […]
Ex-Credit Suisse Trader’s Asia Macro Hedge Fund Returns 20%
Bloomberg – Splendid Asia Macro Fund, run by a former Credit Suisse Group AG trader, returned 20 percent this year through April as it bought Asian currencies, fixed income and equities, and sold the yen amid the European crisis. The fund, whose trades focus […]
Name-Dropping at Gupta Trial
DealBook – The insider trading trial of Rajat K. Gupta has featured testimony about some of America’s most prominent businessmen — including Warren E. Buffett, the billionaire investor, and Lloyd C. Blankfein, the chief executive of Goldman Sachs. On Wednesday at Federal District […]
Weavering boss Magnus Peterson guilty of fraud
The Independent – Magnus Peterson, the head of the collapsed hedge fund business Weavering, has been found in the High Court to have defrauded investors and ordered to pay hundreds of millions of dollars in damages. Mrs Justice Proudman ruled that Peterson, […]