Author Archives: Editor
Liking little hedges
After a decade of favoring hedge fund behemoths — funds with $5 billion in assets and larger — deep-pocketed investors in growing numbers appear ready to put their cash to work with smaller firms, some with assets of less than […]
Lessons from a $500 billion investment fund
WSJ – For some inkling of where investment theory is headed, take a look at the debates and forums being hosted by the Norwegian Government Pension Fund. Fund officials are in the midst of an inquiry into why their fund, […]
SEC Doubles Down On Its Efforts To Find Hedge Fund Fraud
Huffington Post – Memo to hedge fund managers: It’s a bad time to try to overachieve. The Securities and Exchange Commission is cracking down on hedge fund fraud, and the first places they’re looking are the firms that seem to be […]
Hedge funds hammered in one of worst years on record
Telegraph – John Paulson, the American financier who made billions in the 2008 banking crisis, has been crunched in 2011 and is the most high-profile casualty. His $3.4bn Advantage Plus fund lost another 9pc in December, taking total losses to […]
Hedge-Fund Millionaire Diggle Bets on Farms, Life Sciences
Bloomberg – Stephen Diggle, who co-founded a hedge fund that made $2.7 billion in 2007 and 2008, plans to open his personal farmland portfolio to investors and start a fund that will trade life-sciences companies. Diggle will transfer the farm […]
As euro steadies, fund managers hedge bearish bets
Economic Times – The European debt crisis roiled markets all year, producing the most volatile trading since the 2008-2009 meltdown. That is, except in one market – the euro. Fund managers that bet on a volatile, wild year of losses in the euro are paring back […]
As SEC Turns to Computers to Detect Fraud, Wall Street Cries Foul
BetaBeat – One of the reason that Bernie Madoff was able to stay undetected for so long was that he could alternatelycharm and intimidate the young SEC staffers sent to investigate his firm. In the wake of that scandal, reports the Wall […]
Hedge funds hammered in one of worst years on record
Telegraph – John Paulson, the American financier who made billions in the 2008 banking crisis, has been crunched in 2011 and is the most high-profile casualty. His $3.4bn Advantage Plus fund lost another 9pc in December, taking total losses to […]
Hedge-Fund Managers Miss Biggest Rally in 10 Weeks: Commodities
Bloomberg – Hedge funds reduced bets on higher commodity prices to the lowest level since 2009 just as raw materials headed for their biggest weekly rally in two months. Money managers cut their combined net-long position across 18 U.S. futures […]
Funds sue Deutsche Bank over Bernard Madoff claims deal
Telegraph – Kingate Global Fund and Kingate Euro Fund are taking legal action in an effort to enforce an August deal in which they claim Deutsche agreed to pay $1bn for $1.6bn of claims the two funds have made against […]
Ex-Lehman executive’s hedge fund up 45 percent
Reuters – Juggernaut Asia Fund, set-up by former Lehman Brothers’ managing director Yashwant Bajaj, has returned 45 percent since its August 1 launch by mainly betting on equity capital market deals and shorting companies such as scandal-hit Olympus Corp. In […]
Hedge Funder Phil Falcone Rejects SEC Settlement Offer That Would Ban Him From The Securities Industry
Business Insider – Hedge fund titan Phil Falcone, the founder of Harbinger Capital Partners, rejected an SEC settlement offer that would have banned him from the securities industry, the Wall Street Journal reported citing sources familiar with the situation. A ban would no doubt be […]