Author Archives: Editor
Apple Loses Favor With Hedge Funds SAC Capital, Viking
Bloomberg – SAC Capital Advisors LP and Viking Global Investors LP were among hedge funds that sold a net 6.1 million shares of Apple Inc. (AAPL) last quarter, taking advantage of the 48 percent jump in the iPhone maker’s stock. Hedge funds accounted for […]
Private Equity Invests $144 Billion in 1,702 U.S. Companies in 2011
Washington, D.C. – Private equity firms invested more than $144 billion in 1,702 U.S.-based companies in 2011, according to an analysis released today by the Private Equity Growth Capital Council. The top five states in terms of investment were Texas, […]
Agecroft Partners Hires Hedge Fund Veteran
New York (HedgeCo.net) – Agecroft Partners, a global hedge fund consulting and third party marketing firm, has hired hedge fund veteran Cara Fleckenstein as a Managing Director. Cara brings considerable institutional hedge fund experience to Agecroft Partners.Her experience includes marketing […]
Hedge funds celebrate as Greece pays up
City AM – Opportunistic hedge funds were celebrating the “trade of the century” yesterday as Greek authorities agreed to pay out €435m (£346m) of bonds that were not included in recent haircuts. Owners of euro-denominated Greek bonds have taken a […]
Contractor Is Accused of Stealing $1.2 Million From Hedge Fund by Inflating Costs
NYT – Alex Getelman was still in his 20s when he turned his nascent company into what he called “New York City’s fastest-growing general contracting and construction management firm.” He had a list of blue-chip clients, a plush office on […]
Moore Leads Hedge Funds Betting on JPMorgan Before Trade Losses
Bloomberg – Hedge funds Moore Capital Management LLC and Blue Ridge Capital LLC boosted their stakes in JPMorgan Chase & Co., while Kingdon Capital Management LLC divested, before the shares plunged because of a $2 billion trading loss. Moore, the […]
GlobeOp April Hedge Fund Performance Index Up 0.51%
New York (HedgeCo.net) – The gross return of the GlobeOp Hedge Fund Performance Index for April, 2012 measured 0.51%. · Current month, flash estimate 0.51%* · Year-to-date (YTD) performance 3.66%* · Last 12 month (LTM) performance 1.22%* · […]
Loeb Makes $122 Million on Yahoo as Thompson Steps Down
Bloomberg – Daniel Loeb’s New York-based Third Point LLC, has made almost $122 million so far on its stake in Yahoo! Inc. (YHOO) after successfully forcing Chief Executive Officer Scott Thompson to step down. Loeb, 50, whose hedge fund owns 5.8 percent of the […]
Hedge Funds Up Over $11 Billion in April
New York (HedgeCo.net) – Total inflows amounted to $28.13 billion while client redemptions added to $17.72 billion. The MSCI World Index dropped 1.62% on the back of rising eurozone sovereign yields, weak US economic data and slow Chinese growth. Key […]
New wireless company on hold due to bankruptcy
MSNBC – Hedge fund manager Philip Falcone’s dream of bringing another wireless network to the United States likely came to an end on Monday, when LightSquared Inc, the ailing telecommunications company he bankrolled, filed for bankruptcy protection. LightSquared and many […]
Hedge fund manager offers up knowledge in book
Pensions & Investments – Anthony Scaramucci has distilled his insider’s knowledge of the hedge fund industry into his second book, “The Little Book of Hedge Funds.” Founder and managing partner of SkyBridge Capital LLC, New York, a hedge fund seeder, […]
Biggest Ship Hedge Fund Turns Bullish on Supertankers: Freight
Bloomberg – The biggest hedge fund in shipping is turning bullish on the largest oil tankers for the first time in four years as the U.S. push toward energy independence provides China with a greater share of global crude supply. The U.S. […]