Author Archives: Editor

Hedge Funds Settle Deutsche Bank Suit

New York (HedgeCo.net) – Three hedge funds managed by $24.8 billion Highland Capital Management, L.P. have agreed on a settlement with Deutsche Bank AG. The hedge funds’ had filed suit against Deutsche Bank and Deutsche Bank against the hedge funds. […]

SAC Capital grows in Asia with Singapore office

Reuters – S.A.C. Capital Advisors, one of the world’s biggest and most successful hedge fund firms, is expanding its Asian operations by opening a new office in Singapore amid strong industry investment returns across the region. Two portfolio managers will […]

Marshall Wace Returns 26% This Year With TOPS Japan Hedge Fund

Bloomberg – Marshall Wace LLP, the London-based hedge-fund manager overseeing $4 billion in assets, returned 26 percent with its Japan-focused hedge fund this year by tapping ideas from 150 equity salespeople from outside the firm. The Marshall Wace TOPS Japan […]

Galleon Hedge Fund Founder Investigated 10 Years Ago

New York (HedgeCo.net) – Hedge fund founder Raj Rajaratnam was investigated by federal prosecutors ten years ago according to legal filings obtained by The Wall Street Journal. The paper reported that the prosecutors were unable to prove their allegations at […]

Harbinger cuts New York Times stake again

Reuters – Hedge fund Harbinger Capital partners has cut its stake in The New York Times Co yet again, about two years after spending half a billion dollars to become one of its largest shareholders. Harbinger reported a 12.79 percent […]

EU executive warns over changes to hedge fund law

Reuters – Moves to dilute a draft European Union law on regulating hedge fund managers would be a setback to the bloc’s single financial market, the EU’s executive body said on Tuesday. The European Commission has proposed that managers of […]

The Hedge Fund CFO Dilemma

New York (HedgeCo.net) – You are starting a hedge fund, or you have started, are successful and assets are growing, returns are solid. A tough feat in the current market environment, but you are worried. Auditors are constantly calling, the […]

Alternative Investor LeapFrog Invests $6 Million in AllLife

New York (HedgeCo.net) – LeapFrog Investments has announced a ZAR 50 million (over $6 million) investment in AllLife, one of Africa’s most innovative insurance businesses. The announcement took place after World AIDS Day. Launched with President Bill Clinton in 2008, […]

Long/Short Equity Hedge Fund Sector Fell Short in November – Credit Suisse

New York (HedgeCo.net) – Long/Short Equity funds did not fully capitalize on November’s equity market rally since many funds are maintaining more conservative positions in anticipation of year-end, according to Jordan Drachman, Head of Research for Alternative Beta Strategies at […]

Former Deephaven COO Nelson joins Autonomy

Reuters – London hedge fund firm Autonomy Capital Group has hired Scott Nelson, formerly the chief operating officer of Deephaven Capital Management, the latest hire to bolster the $1.3 billion firm’s management team, people familiar with the matter said on […]

Powerful interests block City reform

Guardian – Nothing sets a journalist’s pulse racing more than a good row. Our ceaseless lust for friction has been fed expertly by Nicolas Sarkozy in recent days, when he proclaimed that the “English are the big losers” in the […]

Sparx ‘Rising Sun’ Leads Japan Small Cap Funds With 26% Return

Bloomberg – Sparx Asset Management Co.’s Tadahiro Fujimura led a 26 percent return for his Rising Sun fund this year, the best performer in the Asian market with the worst returns for smaller companies. The 1.2 billion yen ($14 million) […]