Category Archives: Syndicated

IPOs on the Rebound; Hedge-Fund ‘Lite’ Picks

Barron’s – Interested in catching an IPO on the rebound? If you’re not familiar with what’s even implied in that question, you might want to check out a piece written by David Sterman, a veteran writer with StreetAuthority. As Sterman puts […]

Goldman Sachs Cuts Cash in GSIP Hedge Fund

WSJ – Goldman Sachs Group Inc. is pulling cash from one of its largest internal hedge funds to comply with rules limiting how banks invest their own money, according to people familiar with the matter. The New York investment bank […]

Ex-Bridgewater Analyst Wang Starts No-Fee Hedge Fund

Bloomberg – Howard Wang, a former analyst at Ray Dalio’s Bridgewater Associates LP, says most hedge fund performance mirrors the broader market, failing to justify the high fees collected. That’s why Convoy Investments LLC, the global macro fund he started […]

Barclays can keep billions from Lehman brokerage: U.S. appeals court

Reuters – Barclays Plc is entitled to about $6 billion of disputed assets as part of its hurried purchase of much of Lehman Brothers Holdings Inc.’s brokerage unit at the height of the 2008 financial crisis, a federal appeals court […]

Hedge Funds Betting Against Banco Espírito Santo in Line for Big Gains

WSJ – A handful of hedge funds may have made tens of millions of dollars on the collapse of troubled Portuguese lender Banco Espírito Santo SA. One of the biggest funds to bet the bank’s shares would fall was Marshall […]

Billionaire Dan Och’s Hedge Fund Firm Is Getting Really Big

Forbes – Billionaire hedge fund manager Dan Och has not been impressing Wall Street with fantastic returns in recent years, but he has been excelling at another key aspect of the hedge fund game: raising money from outside investors. Depending […]

Goldman Sachs Dumps Weaker Hedge-Fund Clients

WSJ – Goldman Sachs Group Inc. is upending the way it does business with hedge funds, jettisoning less-profitable clients and increasing some fees on others as it adapts to new banking rules, people familiar with the matter said. The bank […]

Hedge-fund investors allege fraud by Schadens, execs in Quiznos deal

Denver Post – The two behemoth hedge-fund investors that bailed out Denver’s beleaguered Quiznos in 2012 say they were duped in the deal by the sandwich chain’s owners and executives. Multibillion-dollar hedge funds Avenue Capital and Fortress Holdings — the […]

Argentina accuses default hedge funds of ‘fraudulent manoeuvres’

Telegraph – Argentina will ask the US markets watchdog to probe two hedge funds involved in its $1.5bn default, saying that they used “fraudulent manoeuvres” to make “incredible profits”. Cabinet chief Jorge Capitanich has said he will urge the Securities […]

Hedge Funds Run by Women Outperform Those Run by Men

The Atlantic – This morning, the Wall Street Journal reported on funds that choose to tie their fates to the performance of companies led by women. Barclays’ Women in Leadership Total Return Index, which consists of American companies with a […]

US hedge fund latest to line up tax inversion move

FD – A US hedge fund has become the latest in a string of companies seeking to acquire a UK rival in order to set up a foreign tax centre. The tactic, known as inversion, is primarily motivated by the […]

Hedge funds eye a profit from European bank research retreat

Reuters – As Europe’s big investment banks and brokerages scale back their research efforts, particularly towards small and mid-sized companies, some hedge funds and other specialist players spy an opportunity. If the major players aren’t ferreting out investment ideas among […]