Author Archives: Editor
Hedge Fund Man Announces $50m Savings Following GLG Acquisition
New York (HedgeCo.net) – Man Group announced details of a share buy back in conjunction with its interim results for 2011 today. In CEO and FD video interviews with financial news website Cantos, the hedge fund giant’s CEO Peter Clarke, […]
Hedge Fund Mergers & Acquisitions: Blackstone Buys Up Emdeon
New York (HedgeCo.net) – Hedge fund giant Blackstone has completed its acquisition of Emdeon Inc, a healthcare revenue and payment cycle management provider, in a transaction valued at approximately $3.0 billion. “We are excited to open a new chapter in the […]
Annaly CEO Prepares ‘War Chest’ As Banks, Hedge Funds Shed Risk
Dow Jones – Banks, hedge funds and other financial institutions are “raining assets” on the markets as they reduce risk, countering the Federal Reserve’s efforts to stimulate the economy, the head of a mortgage bond investment firm said Wednesday. Annaly Capital Management (NLY) […]
Asian hedge funds AuM decline to $82bn in Q3 despite investor inflows of $1.4bn says HFR
Opalesque – Global hedge fund investors allocated over $1.4 billion in net new capital to Asian hedge funds in 3Q11 as global financial markets responded to developments in the European sovereign debt crisis and weakening economic growth prospects across developed economies, according to the […]
Fortress Profit Falls 45% as Hedge Funds, Investments Decline
Businessweek – Fortress Investment Group LLC, the buyout and hedge-fund firm run by Dan Mudd, said third-quarter profit fell 45 percent as hedge-fund performance weakened and it earned less from its investments. Pretax distributable earnings, which exclude some compensation costs […]
Boats with holes
Economist – Hedge fund managers tend to dread deadlines, rather like journalists do. On October 31st John Paulson, a wildly successful hedge-fund manager, faced a deadline for investors to give notice that they are withdrawing money from his hedge fund. […]
Fortress Profit Falls 45% as Hedge Funds, Investments Decline
Bloomberg – Fortress Investment Group LLC, the buyout and hedge-fund firm run by Dan Mudd, said third-quarter profit fell 45 percent as hedge-fund performance weakened and it earned less from its investments. Pretax distributable earnings, which exclude some compensation costs […]
Nobel Winner Joins Hedge Fund
DealBook – Hedge funds have a reputation for attracting the best and brightest on Wall Street, but the industry has a knack for pulling heavyweights from academia, too. The latest is Thomas J. Sargent of New York University, this year’s co-recipient of […]
Hedge Fund Industry Insight From The Mizuho-Eurekahedge Index
New York (HedgeCo.net) – Coinciding with the launch of the Mizuho-Eurekahedge Index, the first Mizuho Eurekahedge Indices Analysis Report has been released. The report examines global hedge funds through the lens of the Mizuho-Eurekahedge Index, which gives a fresh perspective […]
Drake Hedge Fund Manager Fined $175,000 By SEC
New York (HedgeCo.net) – The Securities and Exchange Commission announced the filing of a civil injunctive action against Drake Asset Management, LLC (Drake), of Glen Head, NY, and Oliver R. Grace, Jr., of Hobe Sound, FL, for conducting a scheme to evade the group […]
Greek government teeters on brink of collapse in wake of referendum plan
The Guardian – The French president Nicolas Sarkozy and German chancellor Angela Merkel will hold emergency talks on Wednesday in a desperate attempt to hold the eurozone together and formulate a response to the Greek prime minister’s plan for a referendum on the austerity […]
SEC OKs Confidential Private Fund Risk Reporting
In Audit – The Securities and Exchange Commission will adopt a new rule that would require certain advisers to hedge funds and other private funds to report information for use by the Financial Stability Oversight Council (FSOC) in monitoring risks […]