Author Archives: Editor
Hedge fund giants are coming up small this year
Reuters – The first half of 2011 has been humbling for many of the $2 trillion (1.2 trillion pounds) hedge fund industry’s biggest stars, with the likes of John Paulson, David Einhorn, and Louis Bacon losing money for their investors’ […]
Obama: $21 Billion In New Hedge Funds Taxes
New York (HedgeCo.net) – President Barack Obama, in his weekly address, suggested that hedge funds and oil companies should pick up the slack with a tax hike in order to cut the deficit. Obama’s proposal would raise hedge fund manager’s taxes by up to $21 […]
Atlanta man indicted for defrauding investors in ponzi scheme
CBS Atlanta – A 42-year-old Atlanta man made an initial appearance Thursday before a United States Magistrate Judge after being indicted by a federal grand jury on charges of wire fraud and mail fraud arising from a $7 million Ponzi scheme. […]
New York Times Co. Sells Part of Its Stake in the Boston Red Sox
NYT – The New York Times Company said on Friday that it had sold more than half of its minority ownership in the Boston Red Sox and several other sports properties. The company sold 390 of the 700 Class B […]
Starting Up, Funds Turn to ‘Seeders’
DealBook – Far from Wall Street, few have ever heard of Robert T. Discolo. But in the world of hedge funds, Mr. Discolo is one popular guy. He oversees a seeding fund at PineBridge Investments, which means he provides cash […]
15-Year Director Ban on Former Trio CEO Rex Philpott
The Australian – Trio Capital chief executive Rex Phillpott — a former assistant commissioner at the Australian Taxation Office — has agreed to a 15-year ban from acting as a director or working in any role in the financial services […]
Hedge funds frustrated by Greek debt crisis
International Business Times – Hedge funds are struggling with the Greek debt crisis in 2011, according to industries sources who spoke to NYTimes. Hedge funds that were long European financial stocks have been hurt by fears that a Greek default would hurt […]
Hedge Fund Launch: Merchant Capital’s UCITS Russian Equity Long/Short Strategy
New York (HedgeCo.net) – Merchant Capital Ltd , the UK asset management division of Merchant House Group Plc, has launched the Russian Phoenix UCITS Fund on its UCITS umbrella platform. The hedge fund officially launched on 2nd June 2011 with […]
Brazil Hedge Funds Double Bets Against Pao de Acucar-Carrefour Merger
Bloomberg – Brazilian hedge funds doubled bets that shares of retailer Cia. Brasileira de Distribuicao Grupo Pao de Acucar will decline on speculation a proposed merger with Carrefour SA (CA)’s unit in Brazilmay fail to win approval. Pao de Acucar stocks on loan, […]
UCITS Hedge Fund Index Down In June
New York (HedgeCo.net) – The UCITS Alternative Blue Chip Index is up 6 bp this week, ending the month down -1.10%. The Commodities bucket had yet another bad weekly performance (-2.89%) following last week’s drawdown of -4.89%. Emerging Market and […]
People Moves – Revere Capital Advisors Appoints John Mackin
New York and London-based hedge fund manager Revere Capital Advisors has appointed John Mackin as its Global Head of Marketing and Business Development. Macklin will lead a four member global team seeking to build relationships with investors that share a […]
Hedge Fund Moves: Barclays Wealth Hires Six Investment Representatives
New York (HedgeCo.net) – Barclays Wealth, a leading global wealth manager by assets under management, is pleased to announce the addition of six Investment Representatives in its Boston, New York and Washington, D.C. offices. “We are pleased to welcome these […]