Author Archives: Editor
Hedge funds flip again over coal
Houston Chronicle – The billionaire buyout boys are back. Six years ago, wealthy hedge funds, including the Blackstone Group, exploited Texas’ electric deregulation law, making a fast billion by flipping generating assets that had once belonged to our local regulated […]
Hedge Funds Take Liking To Mortgage Insurers
WSJ – Some big hedge funds have taken a liking to mortgage insurers in recent months, especially PMI Group Inc. (PMI), whose stock-market value has plunged in recent years. Paulson & Co., one of the world’s largest hedge-fund firms, said […]
The 60-Second Guide To What Big Hedge Funds Are Invested In Right Now
Business Insider – The latest filings show that hedge fund managers are still big into financials. At the end of every quarter hedge funds, hedge fund managers disclose their current US-based long positions to the SEC. We’ve compiled the big […]
Eden Rock fund value dwindles, payouts delayed
Reuters – The winding down of asset manager Eden Rock’s structured finance fund (ERSFF) is taking far longer than expected, reducing potential payments to investors as the value of the fund’s assets dwindles. Investors told Reuters this week that Eden […]
Mindich’s Eton Park Leads Hedge Funds Joining John Paulson’s Bet on Gold
Bloomberg – Eric Mindich’s $13 billion Eton Park Capital Management LP led hedge funds in raising gold investments last quarter, joining billionaire John Paulson’s bet that bullion will increase amid inflation concerns. Eton Park bought 6.58 million shares of SPDR […]
Grant Thornton LLP outlines key financial reform issues in Dodd-Frank Act
HedgeCo.net (Whitepaper) – The recently enacted Dodd-Frank Wall Street Reform and Consumer Protection Act (the Act) will change the landscape for financial services firms and financial institutions. The Act addresses four major issues: transparency, risk management, accountability and structural oversight; […]
Nuns accuse banks in $5m lawsuit
Telegraph – No banker is likely to risk describing what they do as “God’s work”, but they might hope at least not to get on the wrong side of His earthly followers. Unlucky then for Germany’s Deutsche Bank and US […]
U.S. prosecutors ask 6 months prison for ex-IBM exec
Reuters – U.S. prosecutors on Monday recommended a six-month prison term for Robert Moffat, a former IBM executive who pleaded guilty in the Galleon hedge fund insider trading probe. Moffat, once a candidate to succeed IBM Chief Executive Officer Samuel […]
Nikolaus Bets on Default Surge as Slower Recovery Boosts Distressed Debt
Bloomberg – Nikolaus & Co. LLP, a restructuring specialist established in Germany in 2001, is raising as much as $50 million to invest in distressed debt as it bets a slowing recovery will lead to “unprecedented” defaults. Nikolaus’s Alloro Global […]
U.S. Hedge Funds Contemplate Going European
Forbes – As something like normality has settled down among hedge fund managers on both sides of the pond in recent months, the question of where to find new investors (and new money) returns to its rightful place as a […]
Ex-Citigroup, Goldman Bankers Raise Second Asia Mezzanine Fund
Bloomberg – Kendall Court Partners Ltd., set up by former Citigroup Inc. and Goldman Sachs Group Inc. bankers, raised $150 million for a mezzanine fund to meet rising demand for a hybrid of debt and equity financing in Southeast Asia. […]