Author Archives: Editor
US hedge fund eyes China elderly housing: report
AFP – US finance firm Fortress Investment plans to raise $1 billion for a China fund that would invest in housing for the elderly, as authorities contend with a looming ageing problem, a report said Monday. The hedge fund and […]
Hedge Funds Increase Bullish Wheat Bets to Highest Since 2007
Bloomberg – Hedge funds increased their bullish bets on wheat to the highest in more than three years amid shrinking global supplies and mounting concern that food inflation will accelerate. In the week ended Feb. 8 on the Chicago Board […]
Advanced Markets launches Tri-Party partnership with Deutsche Bank National Trust Company
CHARLOTTE, N.C. – Advanced Markets LLC (AM), A Direct Market Access (DMA) FX trading firm, has announced a strategic partnership with Deutsche Bank National Trust Company (DBNTC) to offer an innovative fiduciary global deposit solution to its clients. The product […]
Galleon/Rajaratnam Hedge Fund Trial Phostponed Till March 2011
New York (HedgeCo.net) – U.S. District Court Judge Richard Holwell in New York has postponed hedge fund founder Raj Rajaratnam’s trial from February 28, to March 8th, according to Reuters. The judge did not provide a reason. Reuters reported that according to […]
Hedge fund managers look to institutional investors
HedgeStrategy – Nearly half of hedge fund managers plan to market specifically to institutional investors in the coming year, according to the latest study from Preqin. It has emerged that 61% of hedge fund capital now comes from institutional investors […]
Indicted hedge fund trader linked to Cohen, Druker
Reuters – Steven Cohen and Neil Druker are at opposite ends of the spectrum when it comes to hedge fund fame and trading prowess. But both wealthy hedge fund managers now find themselves linked to a U.S. insider trading investigation […]
Soros Joins Paulson Saying Fed Did Too Little to Prevent Financial Crisis
Bloomberg – George Soros and John Paulson, who oversee two of the world’s largest hedge funds, say the Federal Reserve helped cause the financial crisis through inaction and lack of oversight, according to interviews released yesterday. Paulson, whose Paulson & Co. made […]
SAC’s Trading Mimics Insider Dealings Identified by Prosecutors
Bloomberg – SAC Capital Advisors LP traded at least 11 stocks near the time of insider trading in the same shares that prosecutors have identified at other hedge funds, according to data compiled by Bloomberg. Former SAC portfolio managers Noah Freeman […]
Portuguese bond yields hit 10-year high
UPI – Portuguese debt went from buy to sell Wednesday, forcing yields to 10-year highs and renewing concern of a possible economic bailout, a rates strategist said. “Once again we’re back into this lull where they (EU policymakers) have promised […]
Hall’s Astenbeck fund beats rivals even as oil lags
Reuters – Andrew Hall’s ability to beat competitors with a 12 percent return on his flagship hedge fund and raise over $1.5 billion last year is probably unsurprising from a trader accustomed to outsmarting rivals. The surprise is that he […]
Bakrie Group’s Ridwan Plans Indonesia-Focused Stock Hedge Fund
Bloomberg – Edwin Ridwan, who helped set up the proprietary equity trading desk of Bakrie Group last year, is seeking capital to start an Indonesia-focused hedge fund that will bet on rising stocks. Ridwan, 41, is in talks with the […]