Author Archives: Editor
Thames River founder Beckwith backs hedge fund
Investment Week – Property financier Sir John Beckwith is backing the launch of a new hedge fund, in partnership with Icap boss Michael Spencer. Beckwith, who has made around £400m from backing asset management groups, has appointed Rod Barker from […]
Shrinking hedge fund Harbinger faces staff exits
Reuters – Prominent hedge fund manager Phil Falcone’s $7 billion Harbinger Capital Management has been hit by a series of high profile departures in the past few weeks, according to people familiar with the fund. While some departures were voluntary, […]
Macquarie hedge fund up 10 pct
Reuters – Macquarie Group Ltd’s market-neutral long/short Asia hedge fund gained 10.3 percent and nearly tripled assets to $640 million (406 million pounds) last year, its fund manager said, while many hedge funds in the region were starved for capital. […]
2011: The year ahead in hedge funds
HFM Week – Rarely in short supply as it is, New Year optimism was given a further boost through December as stock markets on both sides of the Atlantic reacted positively to better-than-expected economic developments. Traders of every ilk finished […]
New Charges In Hedge Fund Probe, Google Insider
New York (HedgeCo.net) – The SEC has charged Robert Feinblatt, co-founder of hedge fund Trivium Capital Management LLC, and Trivium analyst Jeffrey Yokuty in its ongoing hedge-fund insider trading case, MarketWatch reports.The SEC alleges insider dealing at Google, Polycoms, Hilton […]
When hedge funds are too boring
Reuters – Laurence Fletcher reports today on rich individuals with high risk appetites who are getting frustrated with modest hedge fund returns: Many rich people were attracted to hedge funds by stories of George Soros’s $1 billion profit from his […]
Hedge Fund Insider Trading Prosecutions Rely on Suspects Turned Informant
Bloomberg – UBS AG investment banker Nicos Stephanou, facing more than 10 years in prison for insider trading, made a quick decision following his arrest two years ago: He decided to become a government informant. For months, Stephanou secretly recorded telephone […]
Review: Hedge Fund Compensation Data Report
New York (HedgeCo.net) – The latest report on Hedge Fund Compensation revealed that hedge fund managers anticipate a 10 percent increase in total annual compensation, fueled by expectations of big year-end bonuses. The annual industry report is based on data collected directly […]
Clarium Slumps 90% From Peak After Thiel Hedge Fund Has Third Losing Year
Bloomberg – Peter Thiel got rich investing in PayPal and Facebook Inc. before most people knew them, built a hedge fund that at its apex managed $7.2 billion, and forecast the collapse of the U.S. housing market. He also lost almost […]
Hedge Fund Association launches new chapter in Cayman Islands
Opalesque Industry Update – The Hedge Fund Association (the HFA) today announced that it will be opening its newest chapter in the Cayman Islands in response to intense demand by Cayman-based hedge fund industry participants. This newest step in the […]
Hedge Fund Index Estimated Up 3.01% in December
New York (HedgeCo.net) – Early estimates indicate the Dow Jones Credit Suisse Hedge Fund Index (“Broad Index”) surged ahead in December, posting positive performance of 3.01% for the month (based on 88% of assets in the index reporting). Key highlights […]
People Moves: Quest Names Hedge Fund Expert Ekern As President
New York (HedgeCo.net) – New York based commodities trading advisor Quest Partners LLC., has appointed Nigel Ekern as its President. Ekern joins Quest with over 13 years hedge fund experience and will oversee operations and business development. “This is an […]