Author Archives: Editor
Rajaratnam absent from court as jurors deliberate
MSNBC – Hedge fund founder Raj Rajaratnam did not appear in court on Monday on the sixth day of jury deliberations in his insider trading trial after undergoing emergency foot surgery, his lawyer said. “Mr Rajaratnam had developed a bacterial […]
Greenlight Capital Q1 Letter
Guru Focus – Greenlight Capital, L.P., Greenlight Capital Qualified, L.P. and Greenlight Capital Offshore (collectively, the “Partnerships”) returned (2.5)%, (2.9)% and (3.2)%1 net of fees and expenses, respectively, in the first quarter of 2011. Much like Charlie Sheen, who seems […]
Proxy firms back Fisher against hedge fund’s challenge
The Seattle Times – After weeks of back-and-forth accusations between Fisher Communications and the hedge fund seeking to gain control of its board, two neutral observers have weighed in with verdicts favoring management. Proxy advisory firms ISS and Glass Lewis […]
‘Abu Dhabi, big hedge funds, banks to back Glencore IPO’
Gulf Times – An Abu Dhabi vehicle, big hedge fund managers and Swiss private banks are set to serve as “cornerstone” investors backing commodity trader Glencore’s $12bn flotation, a person familiar with the matter said. Qatar said in March it […]
Yahoo shares jump as hedge fund buys position
MarketWatch – In an investor letter, Greenlight, a hedge fund run by investor David Einhorn, said it “established a new position” in Yahoo YHOO +2.49% at a price of $16.93 a share. It highlighted Yahoo’s major stake in Alibaba Group, […]
Hedge Fund Launch: Japan Nomura Global Trend
New York (HedgeCo.net) – Hedge fund giant, Man Group plc., has announced the successful launch of an AHL open-ended fund in Japan, Nomura Global Trend, which has raised $1.5 billion. The fund began trading at the end of April 2011. […]
Markets get boost from bin Laden death
AP – The death of al-Qaida leader Osama bin Laden has helped lift the mood in the markets all around the world Monday at the start of an extremely busy week of economic news. President Barack Obama’s announcement that the […]
Morningstar: Hedge Fund Performance for March 2011
New York (HedgeCo.net) – Morningstar reported preliminary hedge fund performance for March 2011 as well as asset flows through February. The Morningstar 1000 Hedge Fund Index, rose 0.1% for the month, while the currency-hedged Morningstar MSCI Hedge Fund Index declined […]
Traders betting on Rajaratnam guilty verdict
Reuters – Traders are betting there is a 90 percent chance that hedge fund manager Raj Rajaratnam will be found guilty of insider trading when the jury returns its verdict in the high-profile Wall Street trial. Intrade, which allows traders […]
Hedge Fund Gas Bets Climb to Three-Month High in Futures: Energy Markets
Bloomberg – Hedge funds increased bullish bets on natural gas to the highest level in three months on smaller- than-expected stockpile gains and speculation that reduced nuclear output will spur demand for the power-plant fuel. The funds and other large […]