Author Archives: Editor
Chelsea Clinton’s husband Marc Mezvinsky opts to start his own private hedge fund this year: source
NY Daily News – The 33-year-old husband of Chelsea Clinton created a mini media firestorm early this year when news came that he left his job at New York hedge fund 3G Capital before the holidays to take an extended […]
DuPont confident on Danisco bid as hedge fund lurks
Reuters – U.S. chemicals group DuPont said it was confident its increased $6.4 billion offer for Denmark’s Danisco would succeed, after a hedge fund stoked uncertainty over the takeover. DuPonte affirmed on Tuesday that its revised bid of 700 Danish crowns ($134.1) […]
Morningstar Announces Keynote Speakers, Agenda for 23rd Annual Investment Conference
Morningstar, Inc., a leading provider of independent investment research, is hosting its 23rd annual investment conference for financial advisors Wednesday, June 8 through Friday, June 10, at McCormick Place Convention Center in Chicago. This year’s keynote speakers are Bill Gross, founder, managing director and […]
LinkedIn prepares for US flotation
Guardian – Reid Hoffman, the co-founder and chairman of LinkedIn, will join the company’s other shareholders, Bain Capital, Goldman Sachs and McGraw-Hill, in selling 3m shares in the public offering. LinkedIn will offer a further 4.8m shares. Major (hedge fund) […]
US hedge fund brings CTA strategy to Europe
CityWire – Florida-based hedge fund DUNN Capital management, a CTA with $1 billion AUM, is to launch a Ucits III version of its flagship global monetary and agriculture fund. The WMA Ucits fund will sit on ML Capital’s MontLake Ucits platform and seek […]
May 2011 Preliminary Report: Distressed Debt Hedge Funds Take The Lead
New York (HedgeCo.net) – Trend-following strategies were the most successful as the markets’ movements were positive at the start of the month and ended with a sharp upturn, according to the May 2011 Eurekahedge Preliminary Report. All strategies delivered positive returns in […]
HSBC, RBS, Barclays, Hooters, Lehman, Rajaratnam in Court News
San Fransisco Chronicle – – HSBC Holdings Plc, Royal Bank of Scotland Group Plc and Barclays Plc will set aside about $3.4 billion for customers improperly sold personal-loan insurance after abandoning a lawsuit to avoid paying compensation. Barclays, Britain’s second-biggest […]
The renaissance of the hedge fund industry
The Financial – Until recently, star traders could choose the investment bank that suited them best in which to deploy their talents. However, with the Dodd-Frank Act enshrined in US law last year —effectively placing a lid on “speculative” proprietary […]
People Moves: Former US Treasury Senior Advisor Joins Hedge Fund James Caird
New York (HedgeCo.net) – London/New York hedge fund, James Caird Asset Management, has appointed Mary Goodman, former Special Assistant to the President for Financial Markets at the Nation Economic Council (NEC) and Senior Advisor to the Treasury, as Managing Director. […]
UBS to Pay $160 Million to Settle SEC Charges
New York – The Securities and Exchange Commission today charged UBS Financial Services Inc. (UBS) with fraudulently rigging at least 100 municipal bond reinvestment transactions in 36 states and generating millions of dollars in ill-gotten gains. To settle the SEC’s […]
Man’s AHL UCITS fund range moves to daily dealing
New York – Man Group plc (“Man”) announces that its range of UCITS funds now offers a daily dealing facility. The funds – Man AHL Trend and Man AHL Diversity – were initially launched with a weekly dealing cycle and […]
Venezuelan accountant pleads guilty in Conn. fraud
Las Vegas Sun – A Venezuelan accountant pleaded guilty Wednesday to charges that he helped a Connecticut-based hedge fund adviser attempt to cover up a massive, five-year pyramid scheme that could cost investors hundreds of millions of dollars. Juan Carlos […]