Author Archives: Editor
Hedge Funds Raise Bullish Bets Most in Two Months: Commodities
Bloomberg – 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 […]
The Duke and Duchess of Cambridge and the £1.3 trillion hedge fund women
The Telegraph – In fact, these are some of the most powerful and influential individuals to have gathered at St James’s Palace. All leading figures in finance, they help to control assets totalling £1.3 trillion. The 14 women posed with […]
Fortress hires ex-Artradis fund manager Dredge: sources
Reuters – Fortress Investment Group LLC has hired David Dredge as co-chief investment officer at its convexity strategies group, two sources familiar with the matter said. Dredge earlier worked as a portfolio manager at Artradis Fund Management, once Singapore’s biggest hedge […]
The Outsider
The Daily Beast – In an exclusive interview, Raj Rajaratnam reveals his surprising motivations—and the reasons he didn’t take a plea that could have saved him from 11 years in jail. It was 6 a.m. on Oct. 16, 2009, and […]
RWC Partners opens Pilgrim hedge fund to retail market
Investment Week – RWC Partners is converting its UK hedge fund Pilgrim into a UCITS product to compete with the likes of BlackRock’s UK Absolute Alpha fund in the retail market. On 28 October the fund will redomicile from the Cayman […]
HFMWeek’s Hedge Fund Best Third Party Marketing Firm Award Goes to Agecroft Partners
Agecroft Partners, the hedge fund consulting and third party marketing firm, was recognized at the 2011 HFMWeek US Service Awards as the winner in the “Best Third Party Marketing Firm” category, which is the third year in a row they […]
Hedge fund redemption requests drop in October
Reuters – Investors are largely looking beyond hedge funds’ recent poor performance and sticking with their investments, as volatile markets leave few safe havens for clients to put their cash, data showed on Thursday. The GlobeOp Forward Redemption Indicator — […]
SEC to Weigh Hedge Fund Rule on Systemic Risk Data Analysis
Bloomberg – Hedge funds and private-equity funds will be asked to deliver “extraordinary amounts” of new data to the U.S. Securities and Exchange Commission under a rule set for a vote next week, said SEC Chairman Mary Schapiro. Under the version of […]
Perry Capital exits HK, Asia head plans hedge fund-sources
Reuters – New York-based hedge fund Perry Capital, which manages about $8 billion (5 billion pounds), is shutting down its Hong Kong office and will cut 30 jobs globally, a source with direct knowledge of the matter told Reuters on […]
Hedge Fund Manager Sender Shows Art Collection, Blasts Fairfax
Bloomberg – Adam Sender was one of the first hedge-fund managers to get serious about contemporary art when he started buying in 1998, and now he plans to show just how serious. The founder and chief executive officer of Exis […]
United Commercial Bank, SAC, Hedge Funds, EU Rules: Compliance
BusinessWeek – JPMorgan Chase & Co. disclosed $1.3 billion of new expenses tied to faulty mortgages and foreclosures in its third quarter, pushing the bill for the five biggest home lenders since 2007 to almost $69 billion. JPMorgan, the biggest […]
Texas County & District puts $400 million more into hedge funds
Pensions & Investments – Texas County & District Retirement System, Austin, committed $400 million in new or follow-on investments in 14 hedge funds this month, according to a transaction report on the $18.4 billion fund’s website. The system made commitments […]