Category Archives: Syndicated
Event-driven hedge funds’ skills stand out in H1
Reuters – Hedge fund managers looking to profit from corporate events such as mergers and acquisitions proved to be the most skilful in the first half of the year, a study on Thursday by top global money manager BlackRock showed. […]
Exit from hedge funds not about performance: CalPERS CIO
DealBook – The decision by the California Public Employees’ Retirement System to leave hedge funds was not meant to send a message about that particular sector, the pension fund’s new chief investment officer told CNBC on Wednesday. “It is not […]
Lampert’s Hedge Fund Loses Participant in Loan to Sears
NYT – A Florida real estate company has declined to participate in a $400 million loan to the hedge fund that runs the Sears Holdings. On Thursday, Fairholme Capital Management, one of Sears’ largest shareholders, said that it was unable […]
A Hedge Fund Manager, Nas, Snoop Dog And Jared Leto Are All Investors In This New Trading App
Business Insider – Howard Lindzon has made a lot of money trading for other people as a hedge fund manager. Now he’s putting nearly $1 million dollars behind Robinhood, an app that lets people trade stocks whenever they want, with […]
SEC Charges Two Florida-Based Attorneys for Roles in Offering Fraud by Transfer Agent
The Securities and Exchange Commission today charged two Florida-based attorneys for their roles in an offering fraud conducted by a transfer agent that was the subject of an SEC enforcement action two months ago. The SEC alleges that Jonathan P. […]
Pensions stick with hedge funds despite CalPERS exodus
CNBC – A high-profile hedge fund exodus from a huge pension manager does not appear likely to spark a major movement. Pensions, investment consultants and other money managers at an industry conference this week dismissed the idea that the California […]
Argentina’s Fernandez meets with Soros
HedgeWorld – Argentine President Cristina Fernandez met on Monday [Sept. 22] with Argentina bondholder and billionaire financier George Soros, who is suing a U.S. bank caught in the middle of the country’s latest default. A spokesman for Soros said they […]
Hedge Funds Get Jostled by Inversions’ Jiggles
WSJ – Buying shares of Shire PLC has been one of the most popular hedge-fund bets of the year. It also has been among the most nerve-racking. Hedge funds Paulson & Co., Magnetar Financial LLC and Elliott Management Corp. are […]
Judge refuses to cut New York fund manager’s 40-year Ponzi sentence
Reuters – A federal judge rejected Westgate Capital Management LLC founder James Nicholson’s request to shorten his 40-year prison term for running a $140 million Ponzi scheme at his hedge fund firm, likening it to the much larger fraud run […]
Hedge Funds Circling Venezuela as Yields Top 15%: Andes Credit
NYT – Hedge funds are stepping in to fill a vacuum in Venezuela’s bonds as deepening concern the nation will default triggers an investor exodus. The debt, which suffered the worst selloff in emerging markets as Standard & Poor’s cut […]
Miliband’s war on hedge funds could damage City of London
Telegraph – Ed Miliband’s plans to wage war on hedge funds could be potentially more damaging to the City of London than even the financial transaction tax (FTT), senior banking sources warned on Tuesday night. The Leader of the Opposition […]
Bridgewater’s Dalio Says Hedge Fund Seeks ‘Radical Truth’
Bloomberg – Ray Dalio, who runs the $160 billion Bridgewater Associates LP, said he’s seeking to encourage a culture of “radical truth and radical transparency” by recording everything inside the hedge-fund firm. “I didn’t want to have spin,” Dalio said […]