Author Archives: Editor
Soros Bets on Health Care, Dumps Gold
The Street – Soros Fund Management, the fund management arm of billionaire investor George Soros, bulked up on health care and biotechnology in the third quarter, according to the hedge fund manager’s quarterly filing of portfolio holdings, released after the […]
CalPERS implements hedge fund software
Global Pensions – The California Public Employees’ Retirement System (CalPERS ) has bought the rights to portfolio construction software to implement across its hedge fund and equity portfolios. The software, known as OPTICS, was created by Jersey-based hedge fund manager […]
Paulson Trims Bank of America, Sells Entire Goldman Sachs Stake
Bloomberg – Paulson & Co., the hedge fund run by John Paulson, trimmed positions in Bank of America Corp., Wells Fargo & Co. and Citigroup Inc. in the third quarter as regulatory changes and disputes over faulty mortgages threatened to hurt bank profits. Paulson, […]
Hedge funds load up on Apple in 3Q
International Business Times – Prominent hedge funds loaded up on Apple shares in third quarter 2010, according to SEC 13F filings. Apple shares closed down 0.32 percent, or $0.99, at $307.04 today. Last Friday, it closed down 2.8 percent. Third […]
Hedge Fund Billionaire Leon Cooperman Places $30 Million Bet on Sirius XM Radio
SatWaves – The filings continue to flow into the Securities & Exchange Commission, as tomorrow’s institutional reporting deadline draws near. Already there have some surprises such as General Electric (NYSE: GE) taking a stake in Sirius XM Radio. Institutional accumulation […]
London Hedge Fund Manager Donates $32 Million To Sustainable Energy
New York (HedgeCo.net) – Hedge fund manager David Harding has given a £20 million ($32.1 million) grant to a Cambridge University physics lab, according to Cambridge News. “Cambridge has a slogan: ‘The Freedom to Discover’ and I am hoping I can give […]
Report: Prominent Hedge Fund Investigated
ABC – A prominent hedge fund that made huge gains betting against subprime mortgages is reportedly being investigated by federal authorities for extending a $113 million loan to its founder so he could pay off a personal tax bill. The […]
Michael Lipper: I am guilty of fund classification ‘crimes’
CityWire – I plead guilty. I plead guilty for the crime of characterizing mutual funds and their kissing cousins -hedge funds- by the types of securities in their portfolios. My enablers are the fund marketing people and the lawyers. At […]
UK investor TCI forces Infigen directors out
Eco Business – The major shareholder of wind farm operator Infigen Energy has forced the resignations of chairman Graham Kelly and director Tony Battle. London-based hedge fund The Children’s Investment Master Fund (TCI) has been agitating for a board seat […]
Financial reform law offers look at lobbyists’ efforts to shape it
LA Times – Having failed to block financial reform, Wall Street is now focused on the next best thing: ensuring that the law is loosely interpreted and weakly enforced. Lobbyists for banks, hedge funds and other firms have logged hundreds […]
Man Group fears abolishment of FSA could weaken London
CityWire – Man Group chief executive Peter Clarke has slammed the UK government’s decision to abolish the Financial Services Authority (FSA). Speaking to the Financial Times this weekend, Clarke (pictured) claimed the move could weaken the City’s ability to withstand […]