Author Archives: Editor
People Moves: Lisa Preudhomme Joins Hedge Fund Larch Lane
New York (HedgeCo,net) – Hedge fund seeder, Larch Lane Advisors LLC, a member company of Old Mutual Asset Management, announced today that Lisa Preudhomme has been appointed as a Director of Sales and Marketing. In this role, Ms. Preudhomme will be responsible […]
Altegris Advisors Launches Non Passive Index Hedge Fund
New York (HedgeCo.net)- Altegris Advisors has launched the Altegris Macro Strategy Fund. The Hedge Fund offer access for individual and professional investors to participate in the global macro approach to investing through an actively managed mutual fund. “Of all the […]
SEC Probes Fletcher Asset Hedge Fund, Wall Street Journal Says
Bloomberg – The U.S. Securities and Exchange Commission opened a probe into New York hedge fund Fletcher Asset Management as three Louisiana pension systems raised questions about its liquidity, the Wall Street Journal reported, citing a person familiar with the matter. The […]
Texas County to add $1bn to hedge fund portfolio
HFMWeek – The $18.2bn Texas County & District Retirement System (TCDRS) invested an additional $1bn into hedge fund strategies in March, HFMWeek has learned. The move follows a decision made by the retirement system to increase its absolute return target […]
Fed Survey Finds More-Favorable Credit Terms For Hedge Funds
Dow Jones – Big-money investors such as hedge funds received more-favorable credit terms during the spring, a U.S. Federal Reserve survey said Monday. The quarterly Senior Credit Officer Opinion survey focuses on wholesale credit markets, and the findings of the latest […]
Gold Price Climbs to $1,553, Euro Crisis Escalates
GOLD PRICE NEWS – The gold price climbed $9.11 to $1,553.31 Monday amid growing fears over the European sovereign debt crisis. The price of gold rose to as high as $1,557.20 per ounce this morning, just 1.3% shy of its $1,577.40 […]
Two huge reasons why moving from prop trading to hedge funds makes sense
E Finance – We’ve all heard how former Goldman Sachs prop trader Morgan Sze left the firm to start up Azentus Capital Management, a Hong Kong based hedged fund, earlier this year. More recently, another prop trader has done the […]
Hedge fund founders looted Tetragon -lawsuit
Reuters – Two hedge fund founders were accused in a U.S. lawsuit of using accounting manipulation to loot $205 million in fees from Tetragon Financial Group Ltd. The complaint names Patrick Dear and Reade Griffith, who founded the hedge fund […]
Dodgers Paid JPMorgan-Owned Hedgie Undisclosed Fee
Barron’s – Major League Baseball is now demanding the right to question Highbridge Principal Strategies, which has floated a $150 million loan to Dodgers owner Frank McCourt to keep the team afloat through bankruptcy proceedings. The hedgie is owned by J.P. Morgan. MLB […]
The “Twitter Hedge Fund”: Harnessing the Power of Social Media
New York (HedgeCo.net) – Opalesque reports on Derwent Capital’s “Twitter Hedge Fund” investment approach, which is based on an academic paper by Johan Bollen, HuinaMao, Xiao-Jun Zeng called ‘Twitter mood predicts the stock market’. (Below) “Behavioral economics tells us that emotions can […]
Agecroft Hedge Fund Specialist Named President of Performance Trust Investment Advisors
New York (HedgeCo.net) – Douglas R. Rothschild, a financial industry veteran and expert in hedge fund operations and asset management, was named President of Performance Trust Investment Advisors, LLC (PTIA), a sister company of Performance Trust Capital Partners, LLC. As […]
Goldman, Madoff, DSK, EMG, Nakheel, Conrad Black in Court News
Bloomberg – Rajat Gupta, the former Goldman Sachs Group Inc. (GS) director, can proceed with a lawsuit claiming the U.S. Securities and Exchange Commission violated his rights when it filed an administrative action accusing him of passing illegal stock tips. […]