Author Archives: Editor
Hedge Funds Sell Crude Fastest in Eight Months: Energy Markets
BusinessWeek – Hedge funds sold oil at the fastest pace in almost eight months, cutting their bullish bets by 32 percent as crude prices plunged on concern Europe’s debt crisis will hurt energy demand. The speculative net-long position in crude […]
Financial Overhaul Bill Poses Big Test for Lobbyists
NYT – Last Wednesday, Representative David Scott, Democrat of Georgia, mingled with insurance and financial executives and other supporters at a lunchtime fund-raiser in his honor at a chic Washington wine bar before rushing out to cast a House vote, […]
Investcorp eyes overlooked hedge funds
Reuters – Medium-sized hedge funds are slipping under the radars of nervous investors but can offer great investment opportunities, says Investcorp, which is considering offering capital to these portfolios. Deepak Gurnani, the Bahraini investment firm’s head of hedge funds, said […]
Pardo Financial Group Launches Multi-Advisor Managed Futures Fund
New York (HedgeCo.net) – Pardo Financial Group is launching a managed futures fund that allocates across multiple registered CTAs. The Pardo Strategic Alpha Fund (PSA), is a multi-advisor fund that combines the return streams of several professional Commodity Trading Advisors […]
Patterns Emerge From the Secondary Hedge Fund Market
New York (HedgeCo.net) – The average price for assets on the secondary hedge fund market has risen again to 91% of NAV, according to Hedgebay’s April index, continuing the volatile trend seen since the start of the year. The last […]
Santander suspicious of Bernard Madoff in 2006
Telegraph – Santander, which has bought Abbey, Alliance & Leicester and parts of Bradford & Bingley in the UK in recent years – staff were aware that the convicted fraudster’s operations were “shrouded in secrecy” and that his trading was […]
Brevan Howard Opens $200 Million Commodities Fund to Investors
Bloomberg – Brevan Howard Asset Management LLP, Europe’s largest hedge fund manager, started accepting external investors for a fund investing in energy and commodities. Brevan Howard Commodities Strategies Master Fund Ltd. got $200 million from its parent company when it […]
Skybridge Alternatives Conference In Las Vegas
WSJ – It’s rare that four of the most successful and well-known hedge-fund managers in the world are all on the same stage. But it’s happening today at the Skybridge Alternatives Conference in Las Vegas. James Dinan of York Capital […]
The Problem With Absolute Return Funds
Forbes – Mutual fund outfits are selling the glamour and mystique of hedge fund strategies. You’d be better off with a plain old balanced fund. These are trying times for mutual fund managers. In the wake of the biggest stock […]
Fund manager tax bill could hit House floor Friday
Reuters – A proposal to hike taxes on profits earned by investment fund managers will again be reviewed by the U.S. House on Friday, the chairman of the tax-writing panel in that chamber said on Wednesday. The tax on so-called […]
Trading-Firm Breakdowns Accompanied Market Chaos
WSJ – As the stock market spiraled out of control two weeks ago, two major firms that handle trades for retail brokerages suffered trading breakdowns. One, the big Chicago hedge-fund firm Citadel Investment Group, stopped taking orders for a number […]