Author Archives: Editor
Morgan Stanley bailed on hedge-fund firm: WSJ
MarketWatch – In 2010, Morgan Stanley MS +0.71% helped Zoe Cruz, the co-president pushed out of the firm three years earlier, launch a hedge fund by writing her a $20 million check and expressing willingness to pour in more money […]
Goldman Redeems $250 Million Hedge-Fund Stakes on Volcker
Bloomberg – Goldman Sachs Group Inc. (GS), the fifth- biggest U.S. bank by assets, redeemed about $250 million from hedge funds during the first quarter as it begins to comply with rules requiring banks to reduce such investments. The firm can “generally” […]
Hedge Fund Launch: Neuberger Berman Introduces Long Short Fund
New York (HedgCo.net) – Neuberger Berman, one of the world’s leading employee-owned money managers, has introduced the Neuberger Berman Long Short Fund (“the Fund”) (tickers: NLSAX, NLSCX, NLSIX), providing investors with a long-short investment strategy that seeks long-term capital appreciation […]
Hedge funds struggle with macro volatility
Hedge Funds Review – Speakers at the Salt conference in Las Vegas highlight the challenges for hedge funds of managing money in a volatile macro environment. Global macro strategies have seen declines since 2009. Volatile macro conditions and structural inefficiencies […]
At Hedge Fund Conference, Spotlight on Falcone
DealBook – It was strange watching Philip A. Falcone, the embattled chief of Harbinger Capital Partners, sitting onstage at the 2012 SALT Conference, a hedge fund gathering taking place over the next three days here at the opulent Bellagio hotel. […]
Facebook’s Hedge Fund Friend
Forbes – Mark Zuckerberg is making the rounds on Wall Street and as Facebook goes public he will increasingly be confronted with the fast-money hedge funds he appears to have tried to avoid. Hedge funds will play a big role in Facebook’s stock […]
Fund of hedge fund managers pushed out by schemes’ direct investment
Professional Pensions – Increasing direct hedge fund investment by UK schemes is driving fund of fund managers to become more like consultants, industry figures say. Campion Capital – a fund research and distribution firm – said the increasing number of schemes […]
HSBC names Melvyn Ford prime services head for Asia
Reuters – HSBC Holdings PLC named Melvyn Ford as head of prime services in Asia on Thursday, part of a plan to expand offerings to the region’s $141 billion hedge fund industry. The bank rolled out its prime business, which […]
Hedge funds seek big win in Vegas
Hedge funds had one of their worst years ever in 2011, but that hasn’t fazed the pied piper of the industry: Anthony Scaramucci. NYP – “The Mooch” is the founder of $6.2 billion SkyBridge Capital and the annual SALT conference […]
Ex-Deutsche Securities Banker Plans Commodities Hedge Fund
Bloomberg – Ryo Ishiyama, a former Deutsche Securities Inc. banker, plans to start a hedge fund investing in global commodities futures as early as July using a strategy he employed on his own personal investments. The hedge fund will employ […]
Facebook’s Hedge Fund Friend
Forbes- Mark Zuckerberg is making the rounds on Wall Street and as Facebook goes public he will increasingly be confronted with the fast-money hedge funds he appears to have tried to avoid. Hedge funds will play a big role in Facebook’s stock after […]
Hedge funds may be allowed direct access to China markets
Money Control – A proposed plan by China’s regulators could allow hedge funds, for the first time, to directly trade in mainland stocks and bonds, opening up one of Asia’s biggest capital markets to the USD 2 trillion industry. China […]