Author Archives: Editor
Citadel opens in Boston, seeks hedge fund converts
Boston.com – Citadel Asset Management, the Chicago hedge fund giant, has opened a Boston office, where it’s hoping to seed a new generation of hedge fund managers. Citadel, with $11 billion under management, was founded by famous trader Kenneth Griffin, […]
Closer hedge fund surveillance backed
HK News – Greater transparency and closer surveillance in the hedge fund industry can help ensure a level playing field, better investor protection and reduce financial stability risk, Secretary for Financial Services & the Treasury Prof KC Chan says. Delivering […]
Some Hedge Funds Take a Hit on Yen Bets After Tokyo Intervenes to Curb Its Rise
WSJ – Japan’s move to weaken its currency dealt a blow to a group of fast-trading hedge funds that had been piling up profits betting on a stronger yen. Some of these investors dumped their yen holdings Wednesday, hoping to […]
Goldman Sachs Fund of Ex-Prop Traders Said to Return 3% in 2010
Bloomberg – Goldman Sachs Group Inc. proprietary traders who created a hedge fund within the firm in 2007 have generated a return of about 3 percent this year, beating the industry average, people briefed on the gain said. Goldman Sachs […]
Swiss hedge fund Arsago changes tack after exodus
Reuters – Embattled Swiss-based hedge funds manager Arsago Capital Management has set its sights on investment in Latin America after losing 80 percent of its assets and key staff in the wake of the credit crisis. Once regarded as a […]
Billionaire Gendell’s Hedge Fund Sells Exide Shares Worth $10M
CityBizList – Billionaire Jeffrey Gendell’s hedge fund Tontine Capital Partners and related entities have sold Exide Technologies (Nasdaq: XIDE) stock worth $10.12 million, the biggest in ongoing sales since May, according to an SEC filing. The Greenwich, Conn.-based fund sold […]
Hedge Funds Care Event – San Francisco | September 30, 2010
FavStocks – The event will take place at the Offices of Thomson Reuters in San Francisco on September 30, 2010 from 4:00 p.m. to 7:00 p.m. The event will include Scotch tasting, appetizers and food, and socializing. The event is […]
Seen on the hedge fund catwalk: rose-colored glasses back in vogue
All About Alpha – Less than a year ago, clear-colored magnifying glasses were all the rage among investors looking at hedge funds – transparency to the max, right down to demands of seeing individual positions and trades. Even on the back-office […]
Boston Hedge Fund Joins NY Investors Critical of Cypress Bioscience – cbl
CityBizList – Led by Peter Kolchinsky, Boston-based hedge fund manager RA Capital Management, LLC openly criticizes Cypress Bioscience, Inc. in a recent SEC filing. The filing – which shows that RA Capital owns a 5.46 percent stake in, or 2,107,392 […]
Barnier speaks out on hedge funds, EU budget reform
EurActiv – Reaching an agreement on the regulation of hedge funds is vital for the health of Europe’s financial sector, says EU Internal Market Commissioner Michel Barnier. In an exclusive interview with EurActiv.fr, he also backs “new ideas” like eurobonds to finance […]
Hedge-Fund Man Finds Inner Lion in Outer Space: Michael Lewis
BusinessWeek – Like a lot of hedge-fund guys, I’ve recently endured what might be misconstrued as a nervous breakdown. Before CNBC or the New York Times or some other rag grabs the story and distorts it, I want to tell […]