Author Archives: Editor
Hedge Funds Experience Pull Back as Concerns about Euro Zone Grow
New York (HedgeCo.net)– Hennessee Group LLC, an adviser to hedge fund investors, announced today that the Hennessee Hedge Fund Index declined -0.38% in April (+4.02% YTD), while the S&P 500 fell -0.75% (+11.16% YTD), the Dow Jones Industrial Average increased […]
Robin Hood Foundation Looks at Returning Veterans
eVestment – The usually reclusive Steven Cohen appeared at an event Monday that looked at the problems facing military veterans returning to civilian life. The head of hedge fund SAC Capital Advisors spoke at the Robin Hood Foundation’s Veterans Summit, […]
D.E. Shaw to Start Fund to Buy Europe Bank Loans, Mortgages
Bloomberg – D.E. Shaw & Co., the $26 billion New York-based hedge fund that uses computer models to pick trades, plans a fund whose investments will include European loans. The Alkali Fund, which will start in July, will invest in […]
Merger-Arbitrage Hedge Funds Declined In April Despite M&A
Dow Jones – April was the most active month for U.S. mergers and acquisitions since October, but hedge fund managers failed to take advantage of the increase in deal activity. Managers who trade on deal news, and other corporate developments […]
Billion-Dollar Traders Quit Wall Street for Hedge Fund Cash Pay
Bloomberg – In the five years that John Silvetz made about $700 million for Deutsche Bank AG by trading corporate bonds and credit derivatives, the amount of his annual bonus paid in cash dropped to 20 percent from almost 70 […]
Hedge funds called ‘guardian angels’ of distressed companies
Vancouver Sun – So-called vulture investors do more good than harm to financially distressed companies, new research from the University of British Columbia suggests. Sauder School of Business finance professor Kai Li determined that when a hedge fund invests in […]
Global hedge fund assets still over $2 trillion, up slightly in the past year
New York (HedgeCo.net) – Assets in global hedge funds edged up slightly during 2011, despite the strong headwinds in global markets and the negative performance delivered on average from funds in the industry last year, according to the latest research […]
Third Point Demands Yahoo Fire CEO Today
Reuters – Activist hedge fund investor Third Point demanded that internet company Yahoo Inc. fire its chief executive, Scott Thompson, by Monday [May 7] for padding his resume. The hedge fund’s CEO, Daniel Loeb, who has been waging a public battle to place […]
Institutions keen on activist hedges
IN – Activist hedge funds have pulled in at least $2 billion in new assets from institutional investors over the past two years, with a marked acceleration in pace in the second half of 2011 and so far in 2012. […]
François Hollande wins French election, Greeks vote no to austerity
Guardian – After Nicolas Sarkozy was voted out of power Sunday night, his opposition party is now looking to turn the page and win legislative elections on the very thing that may have toppled Mr. Sarkozy: the ongoing euro-zone debt […]
Greek market rocked by election
Guardian- The eurozone’s weakest link just got weaker. Although it should be no surprise that Greeks are spurning the Troika’s bitter medicine, the violence of the rejection is a shock. A Greek Eurozone exit is now firmly on the cards […]