Category Archives: Syndicated
Porsche Wins Home Advantage After Zip Code Clash With Hedge Fund
Bloomberg – Porsche SE won home-court advantage in a $195 million dispute with a hedge fund as judges ruled a trial can take place in Stuttgart even though the carmaker omitted the zip code when it sent its lawsuit to […]
Leon Cooperman ‘embarrassed’ about hedge fund’s losses
NYP – Billionaire hedgie Leon Cooperman told investors he is “embarrassed” about his hedge fund’s losses last year. But unfortunately, 2015 is looking even worse. Cooperman’s Omega Advisors, which fell 2.13 percent in 2014, is continuing its losing streak this […]
Hedge fund star gives warning for road ahead
CNBC – Kenneth Griffin, whose Citadel hedge funds manage $24 billion in assets, said in a letter to investors Monday that he is approaching 2015 with “vigilance” in light of tumultuous market circumstances. “Market conditions remain uncertain,” wrote Griffin, founder […]
Hedge Funds Shorting VIX Out of Style Amid Greece, Oil
Bloomberg – Betting against market turbulence is losing its allure with hedge funds. That’s the signal from futures tied to the Chicago Board Options Exchange Volatility Index, where the spread between long and short positions has jumped to the highest […]
HSBC files show how Swiss bank helped clients dodge taxes and hide millions
Guardian – The files obtained through an international collaboration of news outlets, including the Guardian, the French daily Le Monde, BBC Panorama and the Washington-based International Consortium of Investigative Journalists – reveal that HSBC’s Swiss private bank: • Routinely allowed […]
Ex-Federal Prosecutor in New York Joins Ackman’s Hedge Fund
Dealbook – Until a few weeks ago, Jenna Dabbs was a federal prosecutor in Manhattan, leading the charge in prosecuting some of the biggest and toughest drug kingpins in the world. Now, she’s working for the billionaire investor William A. […]
Hedge funds betting on hotly contested UK election
Opalesque – The hotly contested general election in the UK has attracted the attention of some of the top hedge funds as they start placing their bets in the coming May polls. Joseph Oughourlian, co-founder and portfolio manager at U.S.-based […]
Hedge funds take short positions against resi companies
Property Week – According to a report in the Financial Times, several hedge funds have taken out short positions against estate agents Foxtons and Savills, alongside online property group Zoopla, and London’s largest housebuilder Berkeley Group. The capital faces a […]
Morgan Stanley Aims to Sell Stake in Lansdowne Partners
WSJ – The New York investment bank is looking to sell its 19% stake in the $17.5 billion London-based Lansdowne Partners LLP, according to people familiar with the matter. The attempted sale adds Morgan Stanley to a wave of banks […]
Hedge Fund Insider Trading Concerns after Latest Major Court Decision
Forbes – At their core, hedge funds are processors of information and the product they sell is their ability to utilize information to make profitable trading decisions. Analyzing a security from a pre-trade buying decision to the subsequent decision to sell […]
Hedge Fund Meets Mad Men As Interpublic Settles With Elliott Management
Forbes – Ad agency TV hit Mad Men plotted a number of Wall Street dramas including mergers, management buyouts, and bull and bear markets. But the hit AMC series never spoke to the hedge fund activists that are now storming […]
Strong start for ex-BlueCrest’s Braga as hedge fund gains 9.5 percent
Reuters – Leda Braga, one of Europe’s best-known hedge fund managers, achieved a 9.5 percent return for her BlueTrend hedge fund in January, a strong start for her business that spun out of BlueCrest Capital Management last month. The gain […]