Author Archives: Editor
Man Group Hedge Fund Inflows Reach $71 Billion June 30th
New York (HedgeCo.net) – Hedge fund giant Man Group reached $71.0 billion (FUM) at 30 June 2011, compared with $69.1 billion by 31 March 2011. “We are pleased to be reporting strong net inflows from investors over the last quarter.” […]
Merrill ordered to pay hedge fund firm $64 mln
Reuters – An arbitration panel ordered a Merrill Lynch clearing unit to pay $63.7 million in damages to California hedge fund manager Rosen Capital Partners LP as compensation for losses during the 2008 financial crisis. The panel found Merrill Lynch’s […]
Man Group’s Japan fund launch wins back investors
The Globe and Mail – Man Group boasted stronger than expected inflows in its first quarter as demand from investors keen to profit from bleak financial markets helps the world’s biggest listed hedge fund manager accelerate its own belated recovery from […]
Fixed interest fund investors ‘should diversify’
Business Report – With a rising interest rate cycle appearing increasingly likely, South Africans invested in fixed interest funds should look to diversify their portfolios, as this environment typically has a deteriorating effect on bond prices and bond portfolios. According […]
Hedge funds cut gas bets most in four months: Energy markets
StamfordAdvocate – Hedge funds reduced bullish bets on natural gas the most in four months after a larger-than-normal increase in U.S. stockpiles prompted speculation that record output will overwhelm demand for the power-plant fuel. The funds and other large investors cut […]
Danish Nurses Challenge Hedge Funds by Financing Windmills
Bloomberg – Kirsten Gosvig’s pension fund bought a $485 million stake in Denmark’s largest offshore wind-power project, an investment that’s forecast to earn at least twice the average historical return of hedge funds. PKA Ltd., which manages retirement money for the […]
Wiretaps Reveal That Shimoon Sold Apple Secrets To Hedge Funds
New York (HedgeCo.net) – Walter Shimoon pled guilty yesterday to two counts of conspiracy to commit securities fraud and wire fraud and one count of securities fraud. CNN Money says: Shimoon, a fomer director at Flextronics, a Singapore-based company that […]
Bermuda’s Madoff connection
Bermuda Gazette – Bermuda-based Kingate Management Ltd had just three employees purportedly running an operation that fed $1.7 billion to con man Bernard Madoff’s company in New York and racked up hundreds of millions of dollars in fees. More light […]
Atlantan indicted on Ponzi scheme that may have bilked $7 million from victims
AJC – An Atlanta business man has been indicted in a Ponzi scheme that could reveal $7 million when the case is done. Charles Michael Vaughn was accused last week in federal court of tricking 25 people in Georgia, Tennessee, […]
Pension Funds Finance Offshore Wind Farms
CSNBC – Kirsten Gosvig’s pension fund bought a $485 million stake in Denmark’s largest offshore wind-power project, an investment that’s forecast to earn at least twice the average historical return of hedge funds. PKA Ltd., which manages retirement money for the […]
Populists Should Support the Hedge Fund Tax Break
CNBC – Last Thursday, Senator Carl Levin called the tax treatment of carried interest “the unconscionable tax break given to hedge-fund managers.” This is the latest demonstration of how the debate over how to tax hedge fund managers is increasingly […]