Author Archives: Editor
Hedge funds slide -1.04% in June, Barclay Hedge Fund Index +1.04% YTD
Opalesque – Hedge fund performance was down for the second month in a row, with a 1.04% loss in June according to the Barclay Hedge Fund Index compiled by BarclayHedge. Year-to-date the Index is up just 1.02%. “After eight straight […]
Ray Dalio’s Bridgewater Now Has About $100 Billion Under Management
BusinessInsider – Ray Dalio’s Bridgewater is profiled in the New Yorker this week and among the many interesting details revealed within, there’s one reminder. Bridgewater is now managing around $100 billion. That makes his the biggest hedge fund in the world – […]
Man Group buys Lehman exposure from GLG funds
Reuters – Hedge fund firm Man Group is to buy exposure to the estates of defunct U.S. bank Lehman Brothers from funds run by its GLG unit for $355 million, in an effort to clean up the funds’ holdings and […]
Top Biotech Picks of High Alpha Funds
Seeking Alpha – Leading hedge fund and mutual fund managers that have a long-term track record of generating high market-beating returns are slightly under-weight the biotech industry, by a factor of 1.5. However, this can easily be explained as many […]
Ex-hedge fund manager settles with SEC
UPI – A former hedge fund trader who pleaded guilty to criminal charges in an insider trading investigation agreed to pay $540,000 to settle U.S. civil charges. The civil settlement between the Securities and Exchange Commission and Danielle Chiesi — […]
F&C faces 14 mln stg bill in hedge fund court case
Reuters – Fund firm F&C Asset Management faces a bill of up to 14 million pounds ($22.4 million) after losing a high court battle with two fund managers over a hedge fund joint venture laid low by the credit crisis. […]
Hedge funds are Rupert Murdoch’s latest casualties
Economic Times – Of all the casualties of Rupert Murdoch’s phone-hacking scandal, merger arbitrageurs are possibly the least deserving of sympathy. Still, hedge funds probably lost several hundred million pounds betting on the media mogul’s failed bid for British Sky […]
F&C faces £14m bill for felled hedge fund business
Telegraph – The London-listed investment house lost a High Court battle to stop the hedge fund managers triggering a legal agreement to be bought out. F&C now faces a total bill, including legal fees, of around £14m – far higher […]
Journal Register Co. sold to New York hedge fund
CT Post – The Journal Register Co., parent of the New Haven Register, Housatonic Times and several other Connecticut newspapers, agreed Thursday to be bought by a New York hedge fund, a move that raises questions about consolidation in the […]
ProShares Launches Hedge Fund Replication ETF
New York (HedgeCo,net) – $26 billion ETF provider, ProShares, today launched a Hedge Replication ETF, based on Merrill Lynch’s recognized hedge fund replication model. The ETF, HDG, lists on the NYSE today. “Many portfolios could benefit from the risk/return characteristics […]
Record Electronic Foreign Exchange Trading Volumes in First Half of 2011
Press Release – Electronic trading in Foreign Exchange markets continued to surge in the first half of 2011, with Credit Suisse experiencing record trading volumes across its array of electronic FX offerings. This strong increase in volumes is testament to the marketplace’s […]
BNY Mellon: ETF Assets Expected to Double to $2 Trillion in 2015
New York (HedgeCo.net ) – Assets in Exchange-Traded Funds (ETFs) in the U.S. are expected to double to $2 trillion before the end of 2015, according to a new whitepaper from BNY Mellon and Strategic Insight. The report, ETFs 2.0: […]