Author Archives: Editor
Rajaratnam Jury Hears Wiretaps Again as New Member Joins for Deliberations
Bloomberg – Jurors in the insider-trading trial of Raj Rajaratnam reheard recordings of wiretapped conversations played for them last week after restarting deliberations following the replacement of one member of the panel. With an alternate seated on the panel after […]
Gold prices slide after mega-rich Soros offloads his large holding
Irish Independent – Gold prices retreated yesterday after mega-rich currency speculator George Soros sold the precious metal. The multi-billionaire hedge fund manager sold his large holding in gold as the price spiked to $1,550 an ounce. Mr Soros’s liquidation could well mark the […]
Diggle Starts New Volatility Hedge Fund Two Months After Shutting Artradis
Bloomberg – Stephen Diggle, the Singapore-based hedge fund manager who made $2.7 billion for investors as markets see-sawed in 2007 and 2008, started a new hedge fund that places wagers on price swings, two months after liquidating Artradis Fund Management […]
Dow Jones Credit Suisse Core Hedge Fund Index up 1.44% in April
New York (HedgeCo.net) – The Dow Jones Credit Suisse Core Hedge Fund Index finished at 1.44% in April, up from -0.08% in March. The index stands at +2.62% year to date. “After a downturn mid-month, the Dow Jones Credit Suisse […]
Hedge Fund People: AIS Hires Anthony Perugini Chief Technology Officer
New York (HedgeCo.net) – AIS Fund Administration (AIS), a leading hedge fund administrator has hired Anthony J. Perugini as Chief Technology Officer, a new position. Perugini brings more than twenty years of experience in financial services technology development and support, […]
Wall Street traders mine tweets to gain a trading edge
USA Today – #Tweet this: To gain a trading edge, Wall Street traders are now using clever computer programs to monitor and decode the words, opinions, rants and even keyboard-generated smiley faces posted on social-media sites like Twitter.com. “We are in […]
Quiet Proxy Season Means Fewer Fights in the Boardroom
New York Times – Shareholder activism intended to spur change in the boardroom is down significantly so far this year. At the same time, activism by hedge funds to oppose takeover transactions is rising. It appears that hedge funds prefer […]
Advanced Capital invests into Pan Asian distressed asset specialist
International Business Times – Advanced Capital, the leading European alternative investment specialist, headed up by innovative financier Robert Tomei, and award winning European hedge fund incubator, IMQubator, has announced a €50million joint seed investment into the new mCapital European & […]
IT Insider: The best small cap hedge funds
CityWire – When I was looking at hedge funds last week, BlackRock Hedge Selector UK Emerging Companies, managed by Richard Plackett and Ralph Cox, stood out as one of the best performing listed offerings. The team at BlackRock, which also […]
Nexar Capital Buys Fund of Funds Unit Ermitage From Caledonia
Bloomberg – Nexar Capital Group, a Paris-based firm that invests client money in hedge funds, agreed to buy Ermitage Ltd. from Caledonia Investments Plc for an undisclosed price. The acquisition of London-based Ermitage, a fund of hedge funds that customizes investment […]
More Hedge Funds Getting Slammed By Silver’s Nosedive
Business Insider – Silver was above $50 just a couple of days ago. Not anymore. iShares Silver Trust (SLV) lost nearly $8 per share during the last couple of days. Business Insider listed Charles Davidson’s Wexford Capital as one of the […]