Author Archives: Editor
Hedge Funds Face Double Exposure of Secret Data to U.S. Agencies
Bloomberg – When hedge funds and private-equity funds begin to reveal their inner workings to U.S. regulators, they may have to do it under different systems for two agencies. The new disclosures are required by the Dodd-Frank financial regulatory law and a […]
September Hedge Fund Index Performance Commentary
New York (HedgeCo.net) – The Dow Jones Credit Suisse Hedge Fund Index finished down 3.20% in September compared with a drop of 9.88% for the Dow Jones Global Index. A new monthly commentary offers insight into hedge fund performance through the month […]
Lawsuit Against Hedge Fund Adviser Highland Dismissed
New York (HedgeCo.net) – The lawsuit from the Houston Municipal Employees Pension System against Dallas-based hedge fund adviser, Highland Capital Management, L.P., has been dismissed. No compensation in any form has passed directly or indirectly from any of the defendants to […]
Fortress Hires Former Artradis Managers to Run Tail-Risk Strategies Group
Bloomberg – Fortress Investment Group LLC (FIG) hired former hedge-fund managers from Artradis Fund Management Pte to head a new strategy that seeks to produce payoffs when there are unlikely occurrences that may prove disastrous for investors. David Dredge and Andrew […]
Rajaratnam’s Comments Are ‘Inaccurate,’ U.S., FBI Say
SF Gate – Raj Rajaratnam, the Galleon Group LLC hedge fund manager sentenced to 11 years in prison for masterminding an insider-trading scheme, made inaccurate statements about the federal investigation in an interview published in Newsweek magazine, U.S. officials said. […]
Northern Trust makes new appointment to lead Alternatives Group unit
BBR – Northern Trust has hired Robert Morgan to lead a new unit, Northern Trust Alternatives Group, formed to develop and manage all alternative investment products, including hedge and private equity funds of funds, for institutional and personal clients. In […]
Hedge fund seeder IMQubator says existing investment management model broken, seeks Eur100m for IMQ Fund
Opalesque – Jeroen Tielman, CEO and Founder of IMQubator (“IMQ”), says that the existing investment management model is broken, and is determined to take complaints from hedge fund investors in the wake of the crisis to heart, by demanding the […]
Regulator Flagged SAC Stock Trades
WSJ – Wall Street regulators expressed mounting concern about SAC Capital Advisors’ trading over a nine-year period, detailing in dozens of confidential reports suspicions that the hedge-fund firm might have profited from insider information. The reports, submitted by the regulators […]
Hedge Funds Raise Bullish Bets Most in Two Months: Commodities
BusinessWeek – Hedge funds increased bullish bets on commodities by the most since August on mounting optimism the global economy will avoid another recession, boosting prospects for raw-materials demand. Money managers raised combined net-long positions across 18 U.S. futures and options […]
Man Group’s Ellis sees hedge fund industry outflows
Reuters – Investors are likely to pull money out of hedge funds in the fourth quarter, said Man Group’s head of multi-manager Luke Ellis, after many funds suffered big losses this summer amidst the euro zone’s deepening debt crisis. Ellis, […]
Paulson Leads as U.S. Equity Hedge Fund
New York (HedgeCo.net) – The latest Top 200 U.S. Equity Hedge Fund list reveals that the top 200 hedge funds oversee a combined $673 billion in assets under management, according to HedgeTracker. While the top 5 hedge funds from last […]
Hedge fund managers get good clipping
Reuters – The mood at the recent fifth annual hedge fund “Fight Night” in Hong Kong was exuberant, with managers and executives slugging it out to raise money for charity. Twelve contenders, none of whom had ever donned boxing gloves […]