Author Archives: Editor
Phil Falcone Pays Back Loan He Took From Investors To Pay Personal Taxes
DealBreaker – Several months back, it came to light that Phil Falcone had loaned himself some $113 million from one of Harbinger’s funds to pay personal taxes. He didn’t tell anyone about it at the time because he hadn’t thought it […]
With big bucks on the line, Randy Lerner gives voice to his thoughts
Crain’s Cleveland Business – “The hedge fund started up in 2007 with a dream of profiting from the woes of others, or distressed investing, as the pros call it,” The Journal blog reports. “Paige Capital says Lerner agreed to a ‘gating’ provision […]
Open Up. It’s the FBI.
aiCIO Magazine – Last November 22, the FBI raided the headquarters of three major hedge funds: Level Global Investors, Diamondback Capital, and Loch Capital Management. It was the first real action by the Feds after a days-old whisper campaign from regulators […]
Changing the Prime Brokerage Pricing Landscape
West Palm Beach (HedgeCo.net) – An editorial by Evan Rapoport, Co-Founder of HedgeCo Networks. Currently, and over the past nine years, I have been selling Prime Brokerage for almost all the major Mini-Primes and some of the largest Prime Brokerage […]
Confirmed: Facebook Acquires Snaptu (For An Estimated $60 – $70 Million)
Tech Crunch – According to several Israeli business newspapers (TheMarker, Calcalist) Facebook has acquired Snaptu for an estimated $60 – $70 million, although some reports peg the price lower, at around $40 million. Update: a Snaptu executive has confirmed the acquisition to our […]
MarketRiders Launches All-ETF Energy Hedge Portfolio
Press release – The high cost of oil and the fast-rising price of gas is stimulating the markets this month — but in the wrong direction. To help investors who want to profit from and have a portfolio hedge from […]
Hedge fund deposits not always welcome in Zurich
Guardian – GlaxoSmithKline boss Andrew Witty should be warmly commended for his engagingly old-fashioned view that a corporation is not a shiftless, stateless legal fiction that can be whisked off to the Cayman Islands at the wave of an accountant’s […]
UK Hedge Fund Pays Over $40 Million For “The Twitter Predictor”
New York (HedgeCo.net) – A London-based hedge fund is investing 25 million pounds ($40.67 million) in the hope that Twitter research can accurately predict the stock market, according to IU campus paper The Indiana Daily Student. The hedge fund’s founder, […]
The Four Reasons Why Hedge Fund CAI Liquidated Its Entire Japan Portfolio
Business Insider – Eddie Tam’s Asia-focused hedge fund Central Asset Investments cut its entire exposure to Japan within 3 days of the earthquake, according to Reuters. Before the quake, Tam’s ~$250 million CAI had about 15% of its portfolio in Japan. For […]
Launching Hedge Funds in Asia: J.P. Morgan Guide
New York (HedgeCo.net) – HEDGE:ahead, a resource guide aimed at helping hedge funds in Asia navigate the complexities of launch has been released by J.P. Morgan Worldwide Securities Services. “When a hedge fund is preparing to launch, its managers invariably focus […]
Hedge funds make money on rising commodities in Feb
Commodity Online – Rising commodity prices helped helped hedge fund managers to improve on their returns in February. Hedge funds tracked by Dow Jones Credit Suisse Hedge Fund Index has risen 1.38% in February. Managed Futures managers posted a positive […]
Odey plans global macro Ucits III hedge fund for Bond
Investment Week – Odey Asset Management is preparing to launch a hedge fund for macro strategist Tim Bond, using a similar but more aggressive process to the one he developed on the BarCap RADAR fund. Bond is running a model portfolio […]