Author Archives: Editor
Tight regulation a barrier to the development of Korean hedge fund market
Risk.net – Prime brokers speaking at Risk/Return Korea this week voiced concerns over the potential for regulations to strangle the country’s nascent hedge fund sector. Despite rapid growth in Korea’s domestic hedge fund market since its inception at the end of […]
Hedge fund ‘fire sale’ threat remains, says UK FSA
Investment Europe – The UK Financial Services Authority said that there is still systemic risk of a hedge fund ‘fire sale’ of assets during periods of stressed markets. The conclusion is contained in its latest report into the sector ‘Assessing […]
Deutsche Bank Hedge Fund Survey Predicts Growth And Increased Institutional Participation
New York (HedgeCo.net) – Deutsche Bank’s tenth annual Alternative Investment Survey, which was conducted in December 2011 by the Bank’s Global Prime Finance business, predicts increased institutional participation in driving growth as hedge funds become an established and formidable part of […]
Fairfax’s Once-Sprawling Racketeering Suit Shrinks as Hedge Funds Drop Out
Bloomberg – Fairfax Financial Holdings Ltd. (FFH), with seven of eight hedge funds it accused of spreading false rumors out of a lawsuit, may see the $24 billion case shrink again with a judge poised to rule whether racketeering counts […]
The 40 Highest-Earning Hedge Fund Managers
Forbes – For most hedge fund managers, 2011 was a year to forget. The average hedge fund fell by 5% even as the U.S. stock market eked out a tiny gain. Big shot investors like billionaire John Paulson were humbled and lost […]
Goldman manager investigated in insider trade case
Reuters – U.S. prosecutors are investigating David Loeb, a managing director of Goldman Sachs Group, as part of an insider-trading probe focusing on the company’s hedge-fund clients, a person familiar with the case said on Wednesday. Loeb works with technology […]
Why CitiGroup Hid Its Hedge Fund Numbers
New York (HedgeCo.net) – This coming April issue of Bloomberg Markets magazine reports that four of Citi’s seven biggest hedge funds have underperformed their indexes since they started, according to investors. Five of the seven lost money in 2011. The […]
FBI enlists ‘Gordon Gekko’ in financial crimes campaign
CNN – The FBI on Monday unveiled a videotaped message from the actor who played the infamous fictional insider trader Gordon Gekko to help bolster a wide-ranging attack on financial crimes. At an FBI headquarters briefing on the stepped-up fight […]
Bridgewater bucks trend to make clients $13.8 billion
Baltimore Sun – Bridgewater Associates, the world’s biggest hedge fund, handed clients $13.8 billion last year, catapulting founder Ray Dalio above long-time rivals such as George Soros and John Paulson as the industry’s biggest money maker in 2011, research showed. Bridgewater’s flagship Pure Alpha […]
Cheyne hedge fund eyes “golden period” for merger arbs
Reuters – Bold merger arbitrage funds are set to enjoy rich pickings this year amidst a rebound in M&A activity, helped by the reluctance of many investors to trade complex deals after last year’s choppy markets, says hedge fund firm […]
Hedge Fund Industry on Better Footing: Survey
CNBC – Last year was one of the worst on record for hedge funds, but the industry appears to be shrugging off the bad times. According to Deutsche Bank’s latest Alternative Investment Survey, hedge fund assets are expected to rise […]
Zwirn’s Fall From Hedge Fund Glory a Horror Story of Doing The Right Thing
Bloomberg – On the lengthy list of things Dan Zwirn has lost, a few items jump out. There’s the $17 million condo on Central Park South, the summer place in Quogue, New York, and the $18 million Gulfstream IV jet. Then there’s D.B. […]