Author Archives: Editor
Fund-of-funds firms do consultants’ job
Pensions & Investments – When it comes to hedge fund investing the line has never been more blurred between consultants and fund-of-funds managers. Institutional investors like the Nashville and Davidson County pension fund, Maryland State Retirement System and Illinois Teachers’ […]
People Moves: AIS Hedge Fund Admin. Appoints Dan J. Schulman as General Counsel
New York (HedgeCo.net) – AIS Fund Administration (AIS) announced today the appointment of Dan J. Schulman Esq. as general counsel to AIS and its affiliated companies. Mr. Schulman has extensive experience, spanning a quarter-century, representing fund administrators, hedge funds, broker/dealers, […]
David Roskoph: Catalyzing an American Renaissance Part 1
New York (Editorials and Opinion) – Having just lived through a Modern Depression, most assume the present rally off the bottom has been fueled by narcotics or, worse yet, plain hope. Nope. This time the economic tide went so far out […]
Hedge funds take over Philly newspapers
UPI – An unnamed coalition led by hedge fund Angelo, Gordon & Co. from New York has outbid a local group for control of three Philadelphia news outlets. The hedge fund group offered $105 million in cash to take the […]
Hedge Funds Seek $2 Billion in Damages From Porsche SE
ABC News – Six more hedge funds joined a lawsuit against Porsche SE over alleged securities fraud and manipulation on Thursday, with the plaintiffs doubling the damages they are seeking to $2 billion. A spokeswoman for the plaintiffs said the […]
Former Goldman Energy Trader Saiz Planning Commodity Hedge Fund
Bloomberg – Gilbert Saiz, the former head of Goldman Sachs Group Inc.’s European fuel-oil desk, plans to start an energy hedge fund. The Vector Commodity Fund will be based in London and trade crude oil and refined products, John Thompson, […]
Hedge fund guru sees bargains in Europe debt woes
Reuters – Southern Europe’s debt crisis is creating excellent buying opportunities in certain beaten- down stocks such as Spanish and Italian banks, hedge fund veteran Philippe Jabre told Reuters on Thursday. The controversial former manger of GLG — one of […]
RAB Capital held back by client outflows
Reuters – RAB Capital said assets under management have been static this year as flows of money into its funds failed to keep pace with rivals in a hedge fund industry recovering from its worst crisis on record. Assets under […]
Hedge Fund Settles Metals-Market Manipulation Case
WSJ – Moore Capital Management, the veteran hedge-fund firm ensnared earlier this year in a U.K. insider-trading probe, agreed to pay $25 million to settle a regulatory investigation over allegedly manipulative commodity-futures trading two years ago. The U.S. Commodity Futures […]
HK hedge fund DragonBack sees assets cut by 85 pct
Reuters – Hong Kong-based hedge fund manager DragonBack Capital has seen a dramatic reversal in its fortunes over the last 12 months, with its assets plunging 85 percent to around $45 million amid continued redemptions from fund of hedge funds. […]
Cayman Islands laws slammed over hedge fund ruling
Financial Times – The decision to strike out court proceedings, launched with the aim of forcing the winding up of a Cayman-based hedge fund, has been criticised by Laven Partners. The firm has said the Cayman Islands Court of Appeal’s […]
Iraqi Babylon Hedge Fund Q1 Report
New York (HedgeCo.net) – The high risk Iraqi Babylon Fund reported its Q1 resullts, showing a modest loss of 2.8% in the hedge fund’s price over the three-month period. In the same period the Iraqi stock market lost -7% in […]