Author Archives: Editor
Mizuho Corp aims to boost size of CTA fund to $1 bln
Reuters – Japan’s Mizuho Corporate Bank said it aims to expand the size of a hedge fund managed by its U.S. unit eight times over to 100 billion yen ($1.1 billion) in five years by attracting money from domestic pension […]
Bad Boy of Hedge Funds
Forbes – Polygon’s Reade Griffith is a poster child for what’s wrong with the hedge fund industry these days. A year ago, Griffith, heading into a disastrous year where he wound up losing 48%, gated investors, barring them from yanking […]
EBay to sell Skype to private investors: report
Reuters – Internet auction and services company EBay Inc has reached a deal to sell its online telephony unit Skype to a group of private investors, the New York Times said, citing two people briefed on its plans. Andreessen Horowitz, […]
Citadel scraps plan to sell E-Trade stock
CNBC – Private equity firm Citadel Investment Group LLC said Monday that one of its affiliates has canceled a plan to sell a portion of its stake in retail brokerage firm E-Trade Financial Corp. Under a previously announced plan, Chicago-based […]
Funds of hedge funds fight back after Madoff
Reuters UK – The fund of hedge funds industry is being forced to reinvent itself after the Madoff scandal and hefty client outflows, and will emerge from the crisis smaller but in better shape than many had expected. Investors pulled […]
US takes row over EU hedge funds directive to Brussels
A delegation of American congressmen is flying into Brussels this week to dispel mounting trade tensions between the US and Europe over hedge funds. Worries centre on the European Commission’s directive on alternative investment fund managers. The hedge fund industry […]
London Mayor Fights for Hedge Fund Rights
The New York Times – London’s mayor, Boris Johnson, an advocate of protecting the city’s financial sector from over-regulation, will take the fight to protect Britain’s hedge fund and private equity industry to Brussels this Wednesday, The Daily Telegraph reported. […]
Harbinger Capital, SAC Capital and Crestwood Advisors add Industry Veterans
Hedgetracker – In this week’s hedge fund hire report, we look at firms that have recently added industry veterans to their teams. The investment firms covered in this report include: Harbinger Capital, SAC Capital Advisors and Crestwood Advisors. First off […]
Goldman Sachs Wrong on Economic Recovery, Macro Hedge Funds Say
Bloomberg – Paul Tudor Jones, the billionaire hedge-fund manager who outperformed peers last year, is wagering that Goldman Sachs Group Inc. and Morgan Stanley got it wrong in declaring the start of an economic recovery. Jones’s Tudor Investment Corp., Clarium […]
Korea Beral shares rally on Icahn M&A hopes
Reuters – Shares in Korea Beral soared more than 11 percent after a unit controlled by activist investor Carl Icahn raised its stake in the car parts maker, fanning speculation about a possible unsolicited takeover bid. F-M International Ltd, which […]
Barneys eyes restructuring or bankruptcy -report
Forbes – Barneys New York Inc is eyeing a debt restructuring or bankruptcy filing under which its owner, Dubai’s Istithmar World Capital, may lose control of the high-end retailer, Bloomberg reported, citing people familiar with the matter. Hedge fund Perry […]
Sparx Group Opens Hedge Fund With Soros Strategy
Bloomberg – Sparx Group Co., Asia’s biggest hedge-fund firm, will open its first global macro hedge fund to new investors as the company departs from its traditional focus on equities to return to profit. Cayman Island-based Sparx Global Markets Fund […]