Author Archives: Editor
Tax break favors the high-fliers
Boston.com – Hedge fund managers, venture capitalists, and other financial high-fliers have more to celebrate this holiday season than year-end bonus checks. Thanks to a $4 million lobbying campaign in Congress, and the support of key senators in both parties, […]
Hedge fund managers more bullish over U.S. stocks — survey
Pensions & Investments – Forty-six percent of hedge fund managers surveyed by TrimTabs and BarclayHedge this month were bullish about the S&P 500 index, 19% were bearish and 35% were neutral. Last month, the TrimTabs/BarclayHedge Survey found that 30.5% of […]
Where next for hedgies?
IPE Magazine – Hedge funds endured an ‘annus horribilis’ in the market crisis of 2008 – but the industry has started to adapt and consequently the future looks less bleak. Recent research by Deutsche Bank and Greenwich shows that most […]
CBOE, Options Clearing Corp. sued by NY hedge fund
Crain’s – Platinum Partners Value Arbitrage Fund LP, a New York hedge fund, is suing the Chicago Board Options Exchange and Options Clearing Corp. over an alleged $10-million loss from trading in India Fund Inc. options. Platinum, whose chairman and […]
Goldman to Take Stake in $1.8 Billion Hedge Fund
NYT – Goldman Sachs’s Petershill Fund has agreed to buy a minority stake in Mount Lucas, a Pennsylvania-based hedge fund firm that manages about $1.8 billion — as industry deal-making remains strong. In a statement, Mount Lucas said it would retain […]
Hedge Funds Crash, Apple Turns Uncool in 2011: Matthew Lynn
Bloomberg – There is an old joke that economists only make predictions so that the weather guys have someone to laugh at. In much the same spirit, once a year this column also makes some predictions — but only so […]
State had funds in raided firms
Boston.com – When the FBI raided three hedge funds last month, Massachusetts pension officials weren’t immediately sure if they had a problem. By the end of the day, they knew they potentially did: The pension fund had nearly $66 million […]
Sallies hedge fund owner sells to London company
BusinessDay – Sallies, a fluorspar miner listed on the JSE, has announced that Maghreb Minerals has bought US-based Firebird Global Master funds’ 66.9% stake in the local company. Maghreb Minerals is listed on the London Stock Exchange while Firebird is […]
Hedge Fund Manager Indicted in $30 Million International Fraud Scheme
New York (HedgeCo.net) – A Utah hedge fund manager has been arraigned on multiple counts of mail fraud, wire fraud and conspiracy, relating to his operation of a Utah-based hedge fund company, “Coadum Capital.” Thomas Repke was indicted on December 15, […]
Hedge-fund manager Mount Lucas draws Goldman Sachs’ eye
PhillyInc – A Bucks County-based hedge-fund manager has attracted the eye and capital of Goldman Sachs Group Inc. Mount Lucas Management Corp., with $1.8 billion under management, said Monday that Goldman Sachs’ Petershill Offshore Fund L.P. will acquire a passive […]
Toothlessness Of U.S. Financial Regulators Shown in Alleged $34 Million Ponzi Scheme
Courthouse News Services – A chiropractor, six cronies and an investment firm duped investors out of $34 million by bankrupting two hedge funds and skimming more than $16 million off the top, the SEC says. The men “looted and bankrupted […]
New fund draws $750 million as other investors pull assets
Pensions & Investments – One of the hedge fund industry’s veteran managers, Farallon Capital Management LLC, received a rash of redemption requests from institutional investors for its flagship multistrategy approach this fall even as it raised $750 million for a […]