Category Archives: Developing Stories
Damage From Swiss National Bank’s Move Still Being Assessed
New York (HedgeCo.Net) When the Swiss National Bank unexpectedly removed a three-year cap on the Swiss Franc’s exchange rate with the Euro last week, the ramifications hit the hedge fund world hard and the damage estimates are still coming in. […]
New Regulations For Jersey Hedge Funds
New York (HedgeCo.Net) – A change to Jersey’s legislation will help bolster the jurisdiction’s standing as a centre for hedge fund business, according to Jersey Finance. The introduction of a new exemption in Jersey’s Financial Services Law, designed to simplify […]
California Retirement System To Pull 40% Of Its Hedge Fund Investments
New York (HedgeCo.Net) – The California Pension Fund (Calpers) has announced that it is cutting back on its investments into the hedge fund arena by 40%, the WSJ reports. A Calpers spokesman told the paper that the investment staff will […]
Bloomberg Markets To Sponsor A Panel Of Hedge Fund Experts
New York (HedgeCo.Net) – Bloomberg Markets magazine announced today that it is bringing together a group of experts to help hedge funds and other alternative structures increase transparency and define marketing practices in the wake of the JOBs act. As […]
Blackstone To Launch New Hedge Fund
New York (HedgeCo.Net) – Hedge fund investor Blackstone is preparing to launch a new hedge fund that will make “make big, bold bets”, according to a report by The Wall Street Journal. The company is planning on starting a fund with a […]
Hedge Funds Go Bullish On Sugar As Drought Threatens Supply
New York (HedgeCo.Net) – Hedge funds have increased their stakes in the sugar industry due to extremely dry weather in developing countries, Bloomberg reports. Agricultural output in Brazil,which is the leading global sugar harvester, is suffering from the effects of a severe […]
SkyBridge to Take Over PBS’ Wall Street Week
New York (HedgeCo.Net) – CNBC’s Susan Krakower and Raymond Borelli are set to oversee creative development, programming and distribution plans for the revival of PBS’ “Wall Street Week”, with hedge fund giant Skybridge Capital talking the lead. At its peak, the 1970’s […]
IBM Moves to Deliver Cyber Security to Hedge Funds
New York (HedgeCo.Net) – According to IBM’s 2014 IBM X-Force Threat Intelligence Quarterly, the financial services industry offers hackers significant potential payoff, accounting for over 20% of all security incidents. “ACE IT Solutions has partnered with IBM to provide security services that […]
Hedge Funds Investors Return to the Bond Market, Just Not to PIMCO
New York (HedgeCo.net) – Liquid alternative mutual funds continue to be the fastest growing segment of the open-end mutual fund industry based on asset flows through March 31, 2014, as reported by Morningstar in their monthly Morningstar Direct U.S. Open-End Asset […]
Exis Hedge Fund Manager To Auction Off His Art Collection
New York (HedgeCo.Net) – The former manager of the now shut down hedge fund Exis Capital Management is selling off around 400 pieces of artwork, Bloomberg reports. Sotheby’s will start selling the pieces in New York this summer. The auction house said […]
Showtime To Air Pilot About Hedge Fund Billionaires
New York (HedgeCo.Net) – Showtime has picked up a drama pilot written by CNBC co-anchor Andrew Ross Sorkin and “Ocean’s Thirteen” writers Brian Koppelman and David Levien. “Billions is a fictional drama that focuses on the collision and, at times, collusion between an aggressive U.S. attorney in […]
The Hedgemaster Reports on Ukraine’s Breakthrough
New York (HedgeCo.Net) – Hedge fund billionaire George Soros put out a statement obtained by HedgeCo, regarding the violent uprising in the Ukrane: “Following a crescendo of terrifying violence, the Ukrainian uprising has had a surprisingly positive outcome.” Soros said, “Contrary to […]
