Author Archives: Editor
In Cantor, hedge funds and private equity firms have voice at debt ceiling negotiations
Washington Post – As the debt-ceiling talks tick down to the Aug. 2 deadline, leading the opposition to any deal that includes higher taxes is the new tribune of rank-and-file House Republicans: Majority Leader Eric Cantor of Virginia. Cantor’s pivotal role […]
Ex-Citigroup Hedgie Seeks Stake In Israel Englander’s Millennium
Barron’s – It seems that Israel Englander, whose Millennium Management is arguably one of the most profitable hedgies in the business, isn’t resting on his laurels. He’s floating a minority stake in his powerhouse trading firm, reports the WSJ. Interestingly, […]
Athena Capital Advisors Announces Acquisition of Stonehorse Capital Management
Athena Capital Advisors, a Registered Investment Advisor providing investment advisory and management services to both private and institutional clients, today announced that it has acquired Stonehorse Capital Management, a fund of funds manager focused on emerging hedge funds (generally those […]
Hedge Fund AQR To Use Game Theory To Exploit Market Inefficiencies
New York (HedgeCo.net) – $41 billion Connecticut hedge fund manager AQR Capital Management has launched a reinsurance group to develop investment strategies that have low correlation with traditional markets and hedge funds. The group will be run by David G. Kabiller […]
Jail Time: 7 Hedge Fund Convictions Over The Weekend
New York (HedgeCo.net) – Over the weekend there were hedge fund fraud related convictions in the US, Australia and Germany. All were sentenced to serious jail time. US: Five employees for hedge fund manager A&O Resource Management Ltd were sentenced for their part in a […]
Gold Advances to Record as U.S. Debt Deadlock
Bloomberg – Gold climbed to a record in London and New York as U.S. lawmakers failed to reach an agreement on raising the federal debt limit, boosting demand for the metal as a protection of wealth. U.S. House Speaker John Boehner […]
Beyond the debt crises
Reuters – A late-summer bounce beckons for stocks and other higher-risk assets if U.S. officials can follow Europe in at least delaying a deeper crisis over growing government debt. Broadly, asset managers have so far reacted to the debt troubles on […]
Chinese hedge fund Springs Cap expands to HK in growth push
Reuters – Chinese hedge fund Springs Capital is expanding its presence to Hong Kong as it looks to strengthen its expertise on H shares and win more offshore clients, a top executive said on Monday. The firm, managing about $700 […]
Judge Blocks Dodgers From Tapping Hedge-Fund Loan
NYT – A Delaware bankruptcy judge rejected embattled Los Angeles Dodgers owner Frank McCourt’s attempt to use the team’s Chapter 11 case to circumvent Major League Baseball, ruling Friday that the team could not use a $150 million loan from […]
People Moves: Thomas Gandolfo Promoted to Hedge Fund Chief Risk Officer
New York (HedgeCo.net) – New York hedge fund firm, Third Avenue Management, has appointed Thomas Gandolfo to serve as the firm’s Chief Risk Officer. Gandolfo, who is a member of Third Avenue’s investment team and Risk Management Committee, will assume […]
2011 H1 Hedge Fund Industry Review
New York (HedgeCo.net) – The Dow Jones Credit Suisse Hedge Fund Index team has released its 2011 H1 Hedge Fund Industry Review. The report examines the drivers of hedge fund performance and asset growth in the first half of 2011. […]
Cohen’s SAC Capital Seeks to Disqualify Law Firm Kasowitz in Fairfax Suit
Bloomberg – Steven A. Cohen’s SAC Capital Advisors LP asked a judge to disqualify the law firm that sued it and other hedge funds on grounds the firm’s investigators talked with a defendant who was represented by counsel. SAC Capital […]