Author Archives: Editor
Cohen’s SAC Added to Apple, Genzyme Stakes in Fourth Quarter
Bloomberg – Steven A. Cohen’s SAC Capital Advisors LP boosted its shares of Apple Inc. and Genzyme Corp., two of the top five companies owned by the hedge fund. SAC bought 553,336 shares of Apple, bringing the value of shares […]
Hedge Fund Software: NAU Capital Selects TFG Complete
Press release – TFG Systems, a leading provider of real time risk and portfolio management software to hedge funds, today announces that Nau Capital, a U.K. based investment manager with a global macro outlook investing in emerging markets, has selected […]
Credit Suisse Enters into Global Strategic Agreement with HDFC Asset Management of India
PRNewswire – Credit Suisse’s Asset Management division today announced that it has reached a strategic agreement with HDFC Asset Management Company Ltd. (“HDFC AMC”) of India. Through the strategic agreement, Credit Suisse will become the exclusive distributor of HDFC AMC’s […]
UCITS Hedge Fund Strategy Index starts positive into February 2011
New York (HedgeCo.net) – The UCITS Hedge Fund Strategy (HFS) Index nearly didn’t move in the second week of trading in February, only adding +0.03% to its monthly performance. Thus the broad index is up +0.78% month to date (by […]
People Moves: Palladio Hires Hedge Fund Specialist Katherine Hill
New York (HedegCo.net) – Palladio Alternative Research has hired Katherine Hill as a Managing Director for the Geneva subsidiary. Katherine was most recently a Senior Hedge Fund Analyst at Saad Financial Services, a family office in Geneva. Palladio Alternative Research SA is headed […]
New York Hedge Funds Strike Back In Rothstein Suit
The Daily Pulp – We’ve heard all about how the Centurion and Platinum hedge funds in New York sank hundreds of millions of dollars into Scott Rothstein’s Ponzi scheme. Fort Lauderdale attorney Bill Scherer is suing them, claiming they were privy to the fraud and now […]
Bank sued by funds in US over $200m
Irish Times – Anglo Irish Bank is being sued in federal court in New York by noteholders seeking to enforce the Dublin-based lender’s agreements on two series of notes with an aggregate principal of $200 million. Fir Tree Capital Opportunity […]
Shumway Returning Money Shows Perils of Investing in Hedge Fund Managers
Bloomberg – Goldman Sachs Group Inc. last year bought stakes in Shumway Capital Partners LLC and Level Global Investors LP, as a way for its clients to share in the fees of the two multibillion-dollar hedge funds. This month, both firms […]
Getting a Glimpse Into Hedge Funds’ Holdings
DealBook – American hedge funds reported their quarterly holdings on Monday, offering the public a rare — albeit delayed — insight into the stocks held by top money managers. The regulatory filings, known as 13Fs, display position level detail of […]
Discount contraction makes listed hedge funds a game still worth playing
Hedge Funds Review – Potential for narrowing discounts of listed hedge funds is “significantly more encouraging” than the below 10% returns most investors expect from the broader industry this year. Three-quarters of listed hedge fund investors polled recently by Royal […]
Hedge Fund Launch: The Insparo Africa Equity Fund
London – Insparo Asset Management (“Insparo”) has launched a new fund that will capitalise on the huge growth potential of African businesses and the rise of the continent’s consumer culture. The eagerly-anticipated fund becomes Insparo’s second offering, following the remarkable […]
Raided hedge fund Level Global to shut down
Reuters – Level Global Investors, one of four hedge funds raided by authorities last November in a broad investigation into insider trading, told investors on Friday it would shut down, citing the pressure of the probe and investor redemptions. The Connecticut-based […]