Category Archives: Syndicated
Hedge Funds Set to Win on Bonds of Germany’s Depfa Bank
WSJ – A group of New York hedge funds is among those who likely will profit on the bonds of Depfa Bank, after the lender’s parent proposed on Wednesday to buy back some of its debt. Hedge funds representing two-thirds […]
Computer-Driven Hedge Funds End Three-Year Losing Streak
WSJ – A little-known but long-established London hedge fund showed a clean pair of heels to peers last year, ratcheting up a gain of almost 70% as funds of its style staged a comeback in Europe. Mulvaney Capital Management’s Global […]
Ex-SAC’s Kumin Said to Gather $1 Billion for Hedge Fund Startup
Bloomberg – Solomon Kumin, who was chief operating officer of billionaire Steven A. Cohen’s SAC Capital Advisors, is on track to gather $1 billion for his hedge fund firm when it starts trading in March, according to a person familiar with […]
Investors cut hedge fund bets in January
Reuters – Investors’ interest in hedge funds fell in January as they pulled out more cash than they invested, data showed on Tuesday, part of an annual rejig of portfolios. The SS&C GlobeOp Capital Movement Index, which calculates monthly hedge […]
SS&C GlobeOp Hedge Fund Performance Index
SS&C GlobeOp announced that the gross return of its Hedge Fund Performance Index for December 2014 measured 0.11%. This figure is down from 1.13% in the previous month. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index […]
Myriad, Dymon Hedge Funds Said to Return About 20% in 2014
Bloomberg – Alibaba, China yuan stocks and currency trades brought it home for Asian hedge funds in 2014. Trades related to the linkage of the Shanghai and Hong Kong stock exchanges drove a 35 percent gain in the $942 million […]
Last Year’s Stock Market Has Hedge Funds Running
Business Insider – After a rough end to 2014, hedge funds are entering the new year with a little more caution. The Wall Street Journal reported Monday that hedge fund leverage has fallen to a two-year low, according to a […]
PFZW Nets $56M Profit from Hedge Fund Exits
CIO – Dutch healthcare sector pension PFZW netted a $56 million profit in two months as it exited hedge funds last year. PGGM— which manages assets on behalf of PFZW—completed the majority of the liquidation in November and December. PFZW […]
The Big Four firm has appointed Lachlan Roos as its new UK hedge fund leader
Economia – He is taking over from Rob Mellor who is stepping down after leading the hedge fund practice for five years. Roos, who joined PwC in 2005, is a partner in the firm’s financial services tax division. Roos said, […]
Hedge fund Man Group hires ex-Cheyne Capital Sternbach for new strategy
Reuters – Man Group, the world’s biggest listed hedge fund, has hired former Cheyne Capital portfolio manager Moni Sternbach for its GLG unit to manage a strategy it plans to launch in the first quarter of this year. Sternbach specialises […]
CalPERS, PGGM Hedge Fund Chiefs Find New Employment
Chief Investment Officer – The men responsible for running hedge funds at the California Public Employees’ Retirement System (CalPERS) and Dutch giant PGGM have taken jobs at new firms as their pensions decided to dump their sector allocations. Ed Robertiello, […]
Hedge Fund Millionaire Shuns Currencies as Dollar Stalls
Bloomberg – Stephen Diggle, who co-founded a hedge fund that made $2.7 billion over 2007 and 2008, is shunning currencies saying the profit readily available from wagering on the dollar’s appreciation against the euro and yen is over. There’s been […]