Author Archives: Editor
Hedge Funds Liquidations Increase in Third Quarter, Report Says
Bloomberg – Hedge funds went out of business at the fastest pace in more than a year in the third quarter, hurt by the market volatility triggered by the European sovereign debt crisis, according to a report. The number of funds […]
Hedge Fund People Moves: William Kelly Joins Paladyne
New York (HedgeCo.net) – Former GlobeOp Head of Sales, William Kelly, has joined Paladyne Systems as Global Head of Sales. The addition of Kelly is a strategic move to leverage the size, scale, and synergies that Broadridge brings to Paladyne […]
65% of hiring managers plan to add IT staff in 2012
Network World – Demand for tech professionals is expected to grow in 2012, according to new data from Dice.com. The IT jobs site surveyed 1,200 IT hiring managers and recruiters in November, and 65% said their companies or clients plan […]
Citigroup Plans to Cut 4,500 Jobs
Bloomberg – Citigroup Inc. Chief Executive Officer Vikram Pandit said the bank will cut about 4,500 jobs in coming quarters as he seeks to trim costs amid slumping revenue. Citigroup will take a charge of about $400 million in the […]
Transport for London pension considers hedge fund increase
HFM Week – The Transport for London (TfL) pension fund, which manages about $9.4bn, is looking to allocate up to $545m to hedge funds, HFMWeek can exclusively reveal. The fund, which currently has a 10% hedge fund allocation, will be […]
Hedge Funds Fell 1% in November, Beating Global Stocks Hit by Euro Crisis
Bloomberg – Hedge funds fell 1 percent in November as global stock markets slumped because of growing concern that the European sovereign-debt crisis would spread. The Bloomberg aggregate hedge-fund index dropped to 116.03 from 117.22 in October, bringing this year’s loss […]
Massachusetts picks 10 more hedge fund managers
Reuters – Massachusetts, already a big investor with hedge funds, hired 10 more managers on Tuesday as part of its push into direct investments with these types of portfolios. Trustees for the $48 billion (31 billion pounds) state pension fund […]
Global macro hedge fund returns fail to impress
Reuters – Some of the hedge fund industry’s best-known “macro” hedge fund managers — celebrated for shrewd bets on global economic events — are struggling this year to generate returns befitting their star status. In a 2011 littered with market-moving […]
Hedge fund deters poetry prize nominee
Compliancy – In an unusual event for the financial services, a poetry prize nominee has withdrawn her book from the competition because of the hedge fund sponsoring it, it has been reported. Alice Oswald decided to pull her book Memorial out […]
Hedge Fund Index Down 0.95% in November
New York (HedgeCo.net) – The Dow Jones Credit Suisse Core Hedge Fund Index reported a drop of 0.95% in November as a majority of component strategies declined. The Dow Jones Credit Suisse Core Hedge Fund Index provides the benefit of daily […]
UCITS Alternative Index – November 2011 Performance
New York (HedgeCo.net) – The UCITS Alternative Index Global is down -1.30% in November bringing its year to date performance to -3.98%. The Fund of Funds Index is down -1.27% reaching -5.21% this year. All UCITS sub-strategies are negative for […]