Author Archives: Editor
Illinois Teachers Retirement System hikes hedge funds, real return
Pensions & Investments – The $37.4 billion Illinois Teachers’ Retirement System, Springfield, approved tactical plans that are adding hundreds of millions of dollars — and new money managers — to the hedge fund and real-return portfolios. The board at its […]
Hedge Funds Eye 64% Return on Soccer Transfer Market as Clubs Seek Funding
Bloomberg – Hedge funds are making bets on the soccer player transfer markets in Spain, Portugal and Turkey, clashing with fans who say they are profiting from teams’ financial woes. Quality Sports Investments Ltd., based on the island of Jersey […]
Hedge Funds Lift Bullish Bets on Growth Prospects: Commodities
Bloomberg – Speculators boosted wagers on higher commodity prices by the most since August as improving prospects for growth in the U.S. and Europe sent prices toward their biggest rally in 10 months. Money managers boosted combined net-long positions across […]
Hedge funds fret over bank counterparty risks
Reuters – Hedge funds, with memories of the havoc wreaked by Lehman’s demise still fresh in their minds, are moving away from banks singled out by markets as higher risk, giving rivals a chance to grab lucrative business serving these […]
Hedge funds bet on collapse of G4S’s deal for ISS
Telegraph – Hedge funds are betting that G4S’s £5.2bn acquisition of ISS will collapse, by buying credit default swaps on the Danish company’s debt. The cost of insuring ISS’s debt has risen sharply over the past week, despite initially tumbling […]
The crocodiles are coming
Economist – Eric Wong, who helps run his Hong Kong family’s money through an investment office, TCG Capital, looks like a hedge-fund manager’s dream. He’s rich, young and, having been to university there, comfortable with American ways—just the type of […]
Exclusive: Steve Cohen’s fund to get into reinsurance business
Reuters – Steven A. Cohen, who built one of the world’s biggest and most successful hedge funds, is branching out and plans to set up his own reinsurance firm, two people familiar with the matter said. Cohen, who runs $14 […]
Goldman Sued Again for ‘Timberwolf’ Sale, Basis Capital Says
Bloomberg – Basis Capital, an Australian hedge fund, said one of its funds filed a new lawsuit in state court in New York against Goldman Sachs Group Inc. over the sale of securities known as Timberwolf and Point Pleasant. The […]
Hedge Funds Cut Stock Holdings Before European Crisis Summit
Bloomberg – Hedge funds reduced bets that stocks will rise to almost the lowest level since 2009 this week, according to International Strategy & Investment Group. ISI’s index of “net exposure” to stocks slipped to 44.7 yesterday, compared with its 2011 […]
Hedge Fund Assets in Sustainable & Responsible Investing Jumped 16% in 2010
New York (HedgeCo.net) – Sustainable and responsible investing (SRI) is making major strides in the hedge fund arena, according to a new report prepared for the US SIF Foundation by the Center for Social Philanthropy at the Tellus Institute. According […]
English employment tribunal decision is wake-up call for hedge fund self-employment practice
Hedge Funds Review – A UK tribunal decision could change the way partners in Financial Service Authority-regulated organisations, such as hedge funds, are employed. The case also has implications for US-based hedge funds. The UK Employment Tribunal decision paves the way […]
Asia Long-Short, Macro Hedge Funds Thrive, BlackRock Arney Says
Bloomberg – Richard Arney, head of hedge funds at BlackRock Alternative Investors, spoke to Bloomberg Television’s Susan Li in Hong Kong today about recent market swings and its implications. The BlackRock Inc. (BLK)division manages $114 billion of hedge funds, funds of hedge […]