Author Archives: Editor
Segantii wins Best Asian Multi-Strategy Hedge Fund and Best Asian Hedge Fund Awards
New York (HedgeCo.net) – The Asian Hedge Fund Awards 2012 took place on 25th May 2012, marking another year of success as Eurekahedge celebrated the best of the Asian hedge fund industry. With 320 hedge fund players in attendance, Eurekahedge […]
Hedge-Fund Billionaire Woos Binoche: Cannes Film Review
BusinessWeek – Eric Packer is 28 and a hedge-fund multibillionaire. He spends his days in a stretch limo, consulting geeks and gurus, undergoing medical checkups, and entertaining women. Packer is the hero of David Cronenberg’s “Cosmopolis,” an adaptation of the […]
Tax concerns see hedge funds fleeing India
Opalesque – Hedge funds and several foreign institutional investors (FIIs) have packed up their bags and left India on concerns over the proposed tax rules that India plans to implement that could impact on their investments. According to a report […]
Murdoch Private Eye Targeted U.S. Hedge Fund Boss
Reuters – A private detective working for Rupert Murdoch’s British newspapers used a legally questionable tactic to obtain a hotel bill that a New York financier ran up at one of London’s swankest hotels, records reviewed by Reuters show. A […]
‘Twitter’ hedge fund shuts down after a month
Investment UK – The only dedicated ‘Twitter’ hedge fund, Derwent Capital Markets’ Absolute Return fund, has shut down just a month after opening. This was even though it made a return of 1.86% in that single month, more than the […]
SEC Staff Ends Probe Of Lehman Without Finding Fraud
Bloomberg – U.S. Securities and Exchange Commission investigators have concluded their probe of possible financial fraud at Lehman Brothers Holdings Inc. without recommending enforcement action against the firm or its former executives, according to an excerpt of an internal agency […]
Nasdaq Glitch Causes Losses At Hedge Fund Market-Making Arm
New York (HedgeCo.net) – A technical glitch botching Facebook Inc.’s initial public offering on the Nasdaq stock exchange, has caused Citadel Securities’ market-making business to lose around $30 million, according to Reuters. Luckily, Citadel’s hedge fund was not affected, the losses came […]
Clive Capital Hedge Fund Rebounds On Falling Energy Prices Bet
Bloomberg – Chris Levett’s Clive Capital LLP gained as much as $230 million in May after betting energy and power prices would fall in a month when oil posted its biggest drop in two years, two people with knowledge of […]
Hedge Fund Got Most South Carolina Fees While Lagging on Returns
BusinessWeek – Mariner Investment Group LLC, a hedge fund founded by a former Bear Stearns Cos. fixed-income executive, charged South Carolina’s pension fund more than any other manager while delivering returns that trailed competitors. Mariner, started by William Michaelcheck, 65, […]
Analysis: Funds of hedge funds fight to stay relevant
Reuters – For funds which market themselves on their ability to spot the sharpest hedge fund minds, it could be their greatest challenge yet. Investors who once trusted them to find the best returns are gaining the expertise and confidence […]
CFTC Sues Ex-Chicago Broker, Alleging Ponzi Scheme
Reuters – The Commodity Futures Trading Commission (CFTC) has sued a former Chicago floor broker, claiming he ran a four-year Ponzi scheme and fraudulently solicited at least $7.8 million to trade commodity futures contracts. In a civil lawsuit, the CFTC […]
Brett Lane Joins Commonfund’s Hedge Fund Strategies Group
New York (HedgeCo.net) – Commonfund, a prominent investment manager for institutional investors, today announced the appointment of Brett Lane as Managing Director, reporting to A. Nicholas (Nick) De Monico, CEO, Commonfund Hedge Fund Strategies Group. “Brett is an integral addition to Commonfund, coming at an […]