Category Archives: Syndicated
Man Fit for Trial in Slaying of Hedge-Fund Dad
(ABC News)A forensic psychologist hired by the Manhattan District Attorney’s office says a man accused of killing his hedge-fund founder father over a cut in his allowance is fit to stand trial. The New York Times reported that Stuart Kirschner […]
Hedge Fund Managers’ Paychecks to Shrink 9% Amid Weaker Returns
(Bloomberg) Money managers at hedge funds overseeing more than $4 billion will see their pay fall by 9 percent this year as weaker returns lower bonus awards, according to an industry survey.“Lower performance will contribute to lower incentive compensation at […]
Shining a Light on Hedge Fund Holdings Would Hit Close to Home
(Stamford Advocate) A U.S. congresswoman’s introduction of a “Hedge Fund Sunshine” bill Wednesday could have a major impact locally. The bill arrives in response to the pressure financiers are exerting on teetering Puerto Rico by acquiring its debt at steep […]
Puerto Rico Crisis Spurs U.S. Bill Seeking Hedge Fund Disclosure
(Bloomberg) Hedge funds’ involvement in the Puerto Rico debt crisis is leading U.S. Representative Nydia Velazquez, a New York Democrat born on the island, to propose legislation that would force the firms to reveal more about their investments. Velazquez, who […]
Oaktree’s Marks Says to Tap More Chinese Funds for Distressed Debt
(Reuters) Howard Marks, co-founder and chairman of Oaktree Capital, the world’s largest distressed debt investor, said on Thursday he expects to raise more funds from Chinese high net worth investors to buy distressed debt overseas. Speaking at the AVCJ Private […]
Man Group Unit Wins Mandate from $2.2 bln Clwyd Pension Fund
(Reuters) British hedge fund Man Group said on Wednesday its FRM unit had been appointed by the 1.4 billion pounds ($2.16 billion) Clwyd Pension Fund to manage its hedge fund investments. The pension fund has 9 percent of its assets […]
Commodities Trader Found Guilty in ‘Spoofing’ Case
(Wall Street Journal) A Chicago jury found a New Jersey-based commodities trader guilty of 12 counts of fraud and manipulating the futures market on Tuesday in a major win for government prosecutors seeking to crack down on illegal trading tactics….Michael […]
Paul Singer: Everything in the market is more dangerous than it used to be
(The Business Insider) Paul Singer, the billionaire founder of $27 billion hedge fund Elliott Management, went off on the structure of financial markets in his fund’s latest letter. Technology and financial engineering have altered the way the markets work in […]
Manager Perspective: Glenview Capital Management
(Harvest) After the difficult hedge fund environment of the recent months, innovation is not only necessary, but perhaps mandatory to survive. During 2013 and 2014, the Health Care sector was the source of the majority of alpha in equities. However, […]
Hedge Fund Marcato Gains 8.4 Pct in October
(Reuters) Activist hedge fund Marcato Capital Management gained 8.4 percent last month as its bets on Goodyear Tire & Rubber Co, NCR Corp, and its recently acquired stake in LPL Financial Holdings Inc paid off.October’s returns helped shrink the $3 […]
Third Point Re Posts Biggest Loss Since IPO on Investments Bloomberg posted on Wed 4 Nov 2015 Permalink
(Bloomberg) Third Point Reinsurance Ltd., the reinsurer that counts on Dan Loeb to oversee investments, posted its worst loss as a publicly traded company on declines in the hedge-fund manager’s portfolio.The third-quarter net loss widened to $195.7 million, or $1.88 […]
CQS Hedge Fund Hires Wainer as Money Manager From Moore Capital
(Bloomberg) CQS Management Ltd. hired Anthony Wainer as a portfolio manager at the London-based hedge fund from U.S. competitor Moore Capital Management.Wainer joined the $13 billion firm in September, CQS spokesman Michael Rummel said Tuesday. He follows Christopher Callan who […]