Author Archives: Editor

Business Week – JGP SA and Polo Capital Gestao de Fundos Ltda., two of Brazil’s best-performing hedge funds, are paring holdings of homebuilders on concern higher interest rates next year may weaken the industry after shares rose 199 percent. Marcio […]

Reuters – A key informant in the U.S. tax evasion case against Swiss bank UBS AG has asked a Florida court to postpone the scheduled Jan. 8 start of his prison term, saying he is ready to cooperate further with […]

Pensions & Investments – The pay-to-play private placement scandal was the top institutional investment story of the year, Pensions & Investments‘ editors say. In a year in which the flood of big news never seemed to ease, the scandal that […]

Sydney Morning Herald – Trio Capital has been unable to give administrators detailed information about almost $118 million that its managed investment scheme placed through a British Virgin Islands company. The Albury-based company’s Astarra Strategic Fund made its investments through […]

WSJ – A group of billionaires, hedge-fund managers and ex-Goldman Sachs executives are building a banking empire in California—with assistance from Uncle Sam. Exactly a year ago these investors acquired the assets of collapsed mortgage lender IndyMac Bank from the […]

WSJ – Investors’ appetite for hedge-fund start-ups is slowly returning. But managers typically are raising relatively small amounts and some are granting concessions on key terms. The pace of new fund launches has picked up after plunging dramatically in late […]

This summer, John Moran picked up 100 ounces of gold from a locker run by the Comex exchange in New York. The bars, which were light enough to carry in a backpack, marked the culmination of a $95,000 experiment by […]

The recent rise in long-term US interest rates comes as good news for several leading hedge fund managers, including John Paulson, who have positioned their trading books to benefit from higher yields on US Treasury securities. Mr Paulson, who made […]

(Bloomberg) — London-based hedge funds will consider relocating to Swiss financial centers, such as Geneva, Zurich, Pfaffikon and Zug, if the tax and regulatory burden increases, according to Ernst & Young. “If foreign states continue pressuring the hedge fund industry […]

A U.S. hedge fund that was buying bank shares in early 2009, when most everyone else in the market was taking the safer options, has recorded a $7 billion profit this year to date, with the fund’s founder and President […]

OppenheimerFunds has settled another state’s charges that it ran an allegedly conservative college savings vehicle like a hedge fund. The New York-based unit of MassMutual agreed to pay $77.2 million to Illinois families who lost money on its Core Plus […]