Author Archives: Editor
Hedge fund billionaire helps bring back grand old days of art patronage
Guardian – Faced with uncertain earnings, unscrupulous dealers and an unregulated industry that leaves them powerless to fight back, most contemporary British artists find it difficult to make a living, let alone hit the big time. However, a revolutionary London-based […]
Insider Probe Infecting Mutual Funds May Extend Three Years of Withdrawals
Bloomberg – Mutual funds’ ties to so-called expert networks that have been probed as part of an insider trading investigation may undermine efforts by the industry to stem three years of client withdrawals from stock funds. Janus Capital Group Inc. […]
Trustee’s firm subpoenaed in ‘soft dollar’ investigations
The Brown Daily Herald – All eyes on Wall Street have turned to Steven Cohen P’08, who serves on the Corporation, the University’s highest governing body, as a member of the board of trustees. The New York Times reported Nov. 22 that, […]
Asia-focused hedge funds seen starting to attract inflows
Reuters – Hedge funds investing in developing Asia have begun to attract money from investors after a poor first half of 2010 when many were hurt by outflows despite strong interest in emerging markets, industry players said. Global investors have […]
Ignis to launch £2.4 billion advisory arm
CityWire – Ignis has consolidated its fund of hedge funds, fund of real estate, fund of private equity and multi-manager capabilities into a single business unit. The Ignis Advisers branch will be spearheaded by Michiel Timmerman, who will have the dual role […]
Hedge fund manager Mark Hart bets on China as the next ‘enormous credit bubble’ to burst
The Telegraph – Mr Hart, who runs Corriente Advisors from Fort Worth Texas, has told potential investors in a presentation that China is in the “late stages of an enormous credit bubble”. When this bursts, the financier said he expects […]
Concern as Ucits hedge funds boom
Fund Strategy – Assets under management in Ucits hedge funds have doubled to $70 billion (£59 billion) since February, according to Hedge Fund Research. The number of funds has tripled to 600. Through Ucits funds, hedge fund managers can tap […]
Skandia Investment Group puts £19m into Ucits fund
Hedge Funds Review – Skandia Investment Group (SIG) has added the Ucits hedge fund Liontrust Credit Absolute Return Fund to a number of its leading portfolios in a tactical investment worth £19 million ($29.9 million). The fund, managed by Simon Thorp […]
Level E Capital uses artificial intelligence in Maya hedge fund
Hedge Funds Review – Edinburgh-based fund management group Level E Capital has launched Maya fund, a purely systematic and fully automated decision-making process based on cutting-edge advances in artificial intelligence. The fund started live trading in April 2010 and is […]
Feds Circling Stevie Cohen And SAC?
San Fransisco Chronicle – As the massive insider trading case that is sweeping across Wall Street continues to unfold, it is becoming more and more apparent that the Feds are keenly interested in ensnaring Steve Cohen and his hedge fund, SAC Capital. […]
Outside the law
The Economist – In a speech in October, Preet Bharara, federal prosecutor for the Southern District of New York, laid out his plans to root out insider trading, which he compared to a “performance-enhancing drug”. Some of the hedge-fund industry’s […]