Author Archives: Editor
University of Louisville adds to hedge funds
HFM Week – The $637.8m University of Louisville Foundation has allocated an additional $25m to its hedge fund portfolio, HFMWeek has learned. The foundation, founded in 1970 to oversee funds donated to the University of Louisville, approved the increase at […]
Paulson’s flagship fund inches up, gold fund shines in November
Reuters – Billionaire hedge fund manager John Paulson posted small gains in November that kept his flagship Advantage Plus fund in the black for the year, but the portfolio is still trailing other funds. Paulson & Co’s Advantage Plus was […]
Pizza and a Cause at a Hedge Fund Party
DealBook – The sounds of Michael Jackson pulsated through the underground bar at the Covet Lounge in Midtown Manhattan on Monday evening for the 2010 Hedge Fund Jingle Ball. Some hedge fund colleagues clutched cocktails, while others sipped beer or […]
Hedge fund zeros in on booksellers’ troubles
Denver Post – William Ackman has never been shy about swooping into situations others would shy away from. But on Monday, his hedge fund proposed one of its boldest offers, homing in on the besieged bookselling industry. His firm, Pershing […]
EC accused of hedge fund cover-up
Bobs Guide – The European Commission (EC) has been accused of trying to bury a recent report detailing the exact role played by hedge funds in the Greek debt crisis and the damage inflicted by credit default swaps (CDS). According […]
Hedge Fund Manager Mueller Gets 40 Years, Elway Lost $15 Million
New York (HedgeCo.net) – Hedge fund manager Sean Mueller, who pleaded guilty last month to securities fraud and stealing $71 million from investors, was sentenced yesterday to 40 years behind bars. Mueller Capital’s Over-Under Fund raised more than $20 million from […]
Hedge Fund Industry’s Jingle Ball 2010 Sold Out
New York (HedgeCo.net) – The hedge fund community got together last night at New York’s Covet Lounge to celebrate the holiday season and give back at the Hedge Fund Industry’s Jingle Ball 2010. “We are bringing the hedge fund community […]
U.S. highlights successes fighting investment fraud
Washington Post – In an effort to bring attention to the problem of investment fraud, federal authorities on Monday highlighted hundreds of cases inwhich defendants accused of financial wrongdoing had been arrested, charged criminally or sentenced to lengthy prison terms. At […]
Hedge funds take in $16 bln in October-report
Reuters – Global hedge funds pulled in $16 billion in new money in October, marking the strongest inflows in nearly one year, according to data released on Monday from TrimTabs and BarclayHedge. Pension funds, endowments and wealthy investors nearly quadrupled […]
Carlyle Group to acquire 55% stake in Claren Road
BBR – US private equity firm The Carlyle Group has agreed to acquire a 55% stake in Claren Road, a long-short credit hedge fund with $4.5bn in assets under management, in exchange for cash, an ownership interest in Carlyle and […]
Boston hedge fund says it’s not target of federal probe
Boston Herald – Boston’s Loch Capital Management says it’s not the focus of what’s reportedly the largest insider-trading probe in U.S. history – even though the FBI recently raided the firm’s headquarters. In a letter to clients, the hedge fund […]
Billionaire board game could turn Christmas nasty
Hedge Funds Review – If mental arithmetic and swift analyses do not ruffle your feathers, Billionaire could be the solution for frustrated hedge fund managers search for the perfect Christmas present. The board game’s rule book is deceptively simple. The […]