Author Archives: Editor
Apollo Said to Shut Metals Hedge Fund in London
Bloomberg – Apollo Management LP, a private- equity firm co-founded by Leon Black, closed its metals hedge fund in London, according to two people with direct knowledge of the matter. The New York-based firm put $40 million into the Apollo […]
Asia ex-Japan hedge funds lead gains in July-report
Reuters – Hedge funds focusing on Asia ex-Japan posted the strongest gains by region in July, but the funds remained in the red compared with the start of 2010, Eurekahedge said late on Tuesday. According to preliminary data from the […]
Hedge fund cuts Connaught stake after value tumbles
Reuters – Hedge fund Breeden European Partners has more than halved its stake in troubled social housing repairs group Connaught, after the value of its holding plunged by more than 13 million pounds in recent weeks. Breeden European, which was […]
Ex-Farallon Capital Manager Said to Plan Third Asia PE Fund
Bloomberg – Quvat Management Pte, run by a former executive of Farallon Capital Management LLC’s Indonesian affiliate, is raising its third private-equity fund focusing on Southeast Asia, said three people with knowledge of the matter. The Singapore-based firm, led by […]
Hedge Funds Turn Bullish On Equities
WSJ – Hedge funds have embarked on a buying spree of equities for the first time since before the Greek sovereign debt crisis, lured in by rising equity markets and lower volatility. Hedge funds became net buyers of equities–meaning that […]
College Kid Who Wants To Start A Hedge Fund Before Graduation Says He Once Made $120K On A Trade
Business Insider – In a sign that hedge funds might be going pop culture now, a successful young college student wants to start a hedge fund before he graduates. This is worrisome. In an interview with a Singapore paper, TodayOnline, […]
F&C rejects ‘bully’ tag in hedge fund court case
Reuters – F&C Asset Management has rejected accusations of bullying made by a hedge fund manager on Monday in a high court battle over a hedge fund joint venture laid low during the credit crisis. F&C has gone to court […]
Goldman Sachs, Morgan Stanley Have $20 Billion in Fund Stakes
Bloomberg – Goldman Sachs Group Inc. and Morgan Stanley have invested almost $20 billion of their own money in private-equity, private-debt, real-estate and hedge funds, meaning they may each have to cut those stakes by more than 60 percent to […]
Italy Hedge Fund Stars, Chefs Lured by Malta Climate
Bloomberg – When money manager Simone Chelini left his Milan job last year to seek a hedge fund-friendly country, he rejected some obvious locations. “Luxembourg? Grey, flights are expensive. Ireland? Always rains.” Instead, Chelini and his colleague Pietropaolo Rinaldi followed […]
Hennessee: Hedge Fund Advance +1.91% In July
New York (HedgeCo.net) – Hedge funds that invest in distressed assets rebounded and posted increases in July after two straight months of declines, according to Hennessee Group. The Hennessee Hedge Fund Index advanced +1.91% in July (+1.86% YTD), while the […]