Author Archives: Editor
Charity benefits from hedge fund profits
The Telegraph – The Children’s Investment (TCI) fund, run by Chris Hohn, made £78.6m in the year to February 2011 and set aside £53m for division among its members. Sloane Robinson, another London-based hedge fund, had 16 partners take home […]
Nick Clegg warns state-owned banks off ‘irresponsible’ bonus payouts
Guardian – Nick Clegg will issue a blunt warning to Britain’s state-controlled banks that they will face tough restrictions if they attempt to introduce “irresponsible payments” during the forthcoming bonus season. As George Osborne and Vince Cable push ahead with plans to […]
Cliff Asness: A hedge fund genius goes retail
Fortune – He already manages billions for elite investors. Now Cliff Asness believes he’s perfected a better way for regular folks to play the market, and he’s using that formula to build a mutual fund empire. At his home in […]
Hedge Fund Portfolio Manager Pleads Guilty
New York (HedgeCo.net) – President Barack Obama’s Financial Fraud Enforcement Task Force has gotten a conviction against Ward Onsa, the portfolio manager of New Century Hedge Fund Partners, LP. Ward pleaded guilty yesterday to securities fraud after soliciting more than $5 million as part […]
New Jersey “Hedge Fund Managers” Charged With $3.5 Million Fraud
New York (HedgeCo.net) – Two men claiming to run New Jersey-based hedge funds using a secret algorithm to invest in foreign currency have been charged for allegedly defrauding victims out of more than $3.5 million and spending the investments on […]
Boyer Allan shutting China, Asia hedge funds – sources
Reuters – Boyer Allan Investment Management is shutting two of its hedge funds after losses and a fall in assets this year, four sources familiar with the matter said, lengthening the list of Asia focused funds that have closed this […]
Dollar shock for Indian hedge funds
ZeeNews – 2011 has been an annus horribilis for Indian hedge funds. All hedge funds, with one exception, are currently in the red — the Eurekahedge Indian Hedge Fund Index was down 16.9 pct as of end-October and early reports […]
Wall Street Confounded as Volatility Extends Record Stretch
BusinessWeek – Duke Buchan III’s $1 billion hedge fund beat U.S. stocks by 46 percent in the decade through March, a period that included the steepest equity-market losses since the 1930s. Then came the selloff in August when global stocks […]
BlueCrest’s Platt Says Europe Banks Insolvent as Bass Sees Run
Bloomberg – Michael Platt, founder of the $30 billion hedge fund BlueCrest Capital Management LLP, said most of the banks in Europe are insolvent and the situation will worsen in 2012 as the region’s debt crisis accelerates. Kyle Bass, the […]
Investors falling out of love with hedge funds
Reuters – Deep cracks are starting to show in the love affair between hedge funds and their investors, after another year of paltry returns on expensive investments leaves many feeling cheated and close to bailing out. An asset class once […]
Survey: Cayman Named #1 Hedge Fund Domicile
New York (HedgeCo.net) – The Cayman Islands was named the most favoured domicile in Hedge Funds Review’s Service Providers Rankings, a survey completed by more than 1,000 hedge funds, funds of hedge funds, and investors. Conducted between 4 October and […]
Three Senior Hedge Fund Execs Laid Off By J.P. Morgan
New York (HedgeCo.net) – AR Magazine reports that J.P. Morgan’s hedge fund, Highbridge Capital Management, has laid off three senior execs, including two portfolio managers, as its long/short fund continues to struggle. The dismissals were confirmed by two people familiar […]