Category Archives: Syndicated
Decura Says UBS Owes $167 Million Over Hedge Fund Venture
Bloomberg – Ex-Goldman Sachs Group Inc. (GS) partner Vishal Gupta’s investment firm said UBS Group AG should pay as much as $167 million over a disputed hedge fund venture. Decura IM Investments LLP said it wasn’t told about a plan […]
Deutsche Bank expected to sell stake in London hedge fund
FN – Deutsche Bank is in advanced talks to sell its minority stake in London-based hedge fund firm Arrowgrass Capital Partners to Foundation Capital Partners, according to people familiar with the matter. Foundation, a private equity firm, is expected to […]
Einhorn and Ackman Gain as Stock Funds Climb in November
Bloomberg – November was a good month for the equity titans of the hedge-fund industry. Daniel Loeb’s $17.5 billion Third Point LLC climbed 2.9 percent in its main fund, bringing returns for the year to 9.1 percent; Bill Ackman’s $18 […]
HSBC says bye-bye to Bitcoin hedge fund Global Advisors
City AM – HSBC will no longer work with the first regulated Bitcoin investment fund amid concerns about “money laundering risk”. Hedge fund Global Advisors (GA), which is based on the island of Jersey, told the BBC that the British […]
Brevan Howard Said to Close Commodity Hedge Fund After Losses
Bloomberg – Brevan Howard Asset Management LLP, the hedge-fund firm that oversees $37 billion, is shutting its commodity hedge fund run by Stephane Nicolas after losses this year, according to two people with knowledge of the matter. The fund, which […]
Hedge fund couple agree Britain’s most expensive divorce
Reuters – Billionaire hedge fund manager Chris Hohn has been ordered to pay his estranged wife Jamie Cooper-Hohn 337 million pounds ($530 million) in the largest divorce settlement in British legal history. The size of the settlement was detailed in […]
British Insurer Aviva to Shutter U.S. Hedge-Fund Arm
WSJ – British insurer Aviva PLC will shutter a U.S.-based hedge-fund arm by the end of the year after a major client asked for its money back, according to people familiar with the matter. The Aviva unit, a so-called fund […]
Hedge fund Cheyne Capital launches fund to boost British social housing
Reuters – Cheyne Capital has joined forces with investors to launch a fund that will invest in British property for disadvantaged groups, the $6 billion London-based hedge fund firm said on Thursday. The Cheyne Social Property Impact Fund, seeded by […]
Philip Falcone, Hedge Fund Chief in Exile, Is Stepping Down
NYT – Philip A. Falcone, the hedge fund manager who made billions betting against the housing market and then lost a bundle trying to build a wireless network, is once again trying to reinvent himself. In a surprising move, Mr. […]
Justice Department Investigating Possible HSBC Leak to Hedge Fund
WSJ – The U.S. Justice Department is investigating allegations that an employee of HSBC Holdings PLC leaked confidential client information to a major hedge fund, according to people familiar with the matter, a new twist in a cross-border government probe […]
FBI Files Say Hedge Fund Analyst Made Millions on Tips From Dell Insider
Bloomberg – The FBI files spell it out: An analyst at Citadel LLC, the hedge fund with $23 billion in capital invested globally, told agents he made millions of dollars trading on information from a company insider. It was December […]
Aviva Announces Plan to End Hedge-Fund Business
Bloomberg – Aviva Plc (AV/), Britain’s second-biggest insurer, said its investment arm plans to exit hedge-fund businesses as it scales back in the U.S. “We are working with our affiliates and the underlying hedge-fund managers on an orderly transition plan,” […]