Author Archives: Editor
Hedge fund veteran teams up with Deutsche Bank for fund launch
CityWire – Deutsche Bank has teamed with Omega Advisors to launch a Ucits-compliant long/short equity hedge fund on its dbalternatives platform. The fund, which is called DB Platinum Omega and is due to be launched officially in December, will be managed […]
Hedge funds fear Italy, Spain default
Reuters – Almost half of hedge fund managers believe Italy and Spain, two major countries at the centre of the euro zone debt crisis, are likely to default, a survey published on Tuesday showed. A majority of the managers surveyed, […]
More charges coming in US insider probe – sources
Reuters – A year after four hedge funds were raided as part of a sweeping probe into insider trading, U.S. agents are ready to arrest as many as three people who worked at the raided funds, sources familiar with the […]
NY court hears hedge fund boss’ bail arguments
Boston Globe – A federal appeals court did not immediately rule Wednesday whether hedge fund founder Raj Rajaratnam must report to prison next week for an 11-year sentence for insider trading, the longest term ever given for the crime. Attorney […]
BNY Mellon Wins European Hedge Fund Administrator
New York (HedgeCo.net) – BNY Mellon has been awarded five awards at International Custody and Fund Administration (ICFA) magazine’s European Service Provider Awards 2011. “These awards are testament to the hard work of our employees across Europe.” Michael Cole-Fontayn, Chairman […]
BofA, Goldman Sachs, Citigroup Credit Ratings Cut by S&P
Bloomberg – Bank of America Corp. (BAC), Goldman Sachs Group Inc. (GS) and Citigroup Inc. had long-term credit grades reduced to A- from A by Standard & Poor’s after the ratings firm revised criteria for dozens of the world’s biggest […]
IMN Survey Finds Investors Eager to Intensify Risk Appetite & Grow International Exposure
A recent survey conducted by Information Management Network (IMN), global organizers of institutional finance and investment conferences, found that 93.3% of respondents believe market volatility will remain the same or increase in 2012, indicating that another year of instability is […]
Funds, refiners ponder oil Armageddon: war on Iran
Reuters – Oil consuming nations, hedge funds and big oil refineries are quietly preparing for a Doomsday scenario: An attack on Iran that would halt oil supplies from OPEC’s second-largest producer. Most political analysts and oil traders say the probability […]
Hedge funds fear Italy, Spain default
Reuters – Almost half of hedge fund managers believe Italy and Spain, two major countries at the centre of the euro zone debt crisis, are likely to default, a survey published on Tuesday showed. A majority of the managers surveyed, collectively representing […]
Ex-Goldman, Mizuho Bankers to Start Global Macro Hedge Fund
Bloomberg – Edgebell Capital Co., run by former bankers at Goldman Sachs Group Inc. and Mizuho Corporate Bank Ltd., aims to start a global macro hedge fund in February that will wager on trends in stocks, bonds and currencies. The […]
Hedge Fund Veteran Meredith Jones Joins Rothstein Kass
New York (HedgeCo.net) – Rothstein Kass announced that hedge fund specialist Meredith Jones has joined the firm as a Director. In this newly created role, Meredith is responsible for generating research and content on the alternative investment industry by and on behalf […]
Hedge Funds Care Comments On The Senate’s Hearing Into Child Abuse
New York (HedgeCo.net) – Hedge Funds Care, a global charity dedicated to preventing and treating child abuse, published a press release commending the Senate HELP Committee’s planned hearing on December 13 that will “examine how well our nation is protecting children from […]