Category Archives: Syndicated
Hedge Fund Turns a Nervous Eye Toward Mega Sun Storm
Bloomberg – First came the warning from scientists. Now a major hedge fund is reiterating the alert: A massive electromagnetic pulse could wipe out electric grids and cause “unimaginable consequences” for the global economy—and it’s time to start preparing. Two […]
Ex-Citi Currencies Head Said to Prepare Macro-Hedge Fund Launch
Bloomberg – Anil Prasad, former currencies trading head at Citigroup Inc., and Farhang Mehregani, previously the chief investment officer of Sciens Capital Management LLC, are preparing to set up a macro hedge fund, according to a person with knowledge of […]
Activist Hedge Fund Claims Victory at Mining Company Cliffs Natural Resources
NYT – The results aren’t in yet for the board election at Cliffs Natural Resources, the mining company. But the activist hedge fund seeking control of the board is feeling confident enough to declare victory anyway. The fund, Casablanca Capital, […]
It’s not just hedge funds that own Argentine bonds
MarketWatch — Hedge funds aren’t the only investors with money on the line as Argentina scrambles to avoid a bond default. A number of mutual funds, including funds run by Goldman Sachs and Fidelity Investments, have exposure to Argentina, which […]
Profit Soaring After Disgrace at Steven Cohen’s Hedge Fund
Dealbook – Three months after his once-powerful hedge fund entered a guilty plea to insider trading charges, Steven A. Cohen is doing quite well. This summer, Mr. Cohen and his family rented a yacht off the Greek islands for a […]
Ex-Citi FX trading head Anil Prasad readies macro hedge fund
Economic Times – Former global head of foreign exchange at Citigroup, Anil Prasad, is preparing to launch his own hedge fund in the first quarter of 2015, three sources familiar with the matter said. The launch comes as global regulatory […]
Puerto Rico Focused Hedge Fund Group Adds 14 Members
Financial Buzz – A hedge fund group created in July, 2014 to support a new legislation enacted in Puerto Rico has attracted 14 new members. This information was disclosed by the coalition spokesman. According to Russ Grote, the spokesman of […]
Elliott Dislikes Argentina Litigation; Demands Derivatives Transparency
ValueWalk – Elliott International LP delivered 2 percent returns in the second quarter vs 5.2 percent for the S&P 500 total return index. Over a ten year period, Paul Singer’s hedge fund has generated over 253 percent compared to over […]
Should Apache Give in to This Activist Hedge Fund’s Demands?
The Motley Fool – Houston-based independent oil and gas producer Apache Corporation has emerged as the latest target in a wave of shareholder activism sweeping the energy industry. New York-based hedge fund Jana Partners wants the company to divest its […]
Japanese hedge fund challenges regulators in insider trade case
Reuters – A small Japanese hedge fund has made a rare challenge against financial regulators over a 2010 insider trading case, disputing a finding that one of its fund managers acted on an insider tip of a share offering by […]
Mark Cuban to Investors: Get Out Of U.S. Companies That Run Overseas
Time – Companies are merging with foreign competitors to get tax breaks. Here’s what the notorious Mavs owner thinks of that. Dallas Mavericks owner and investor Mark Cuban has taken to Twitter this morning with some big thoughts about the […]
Ireland to give green light for hedge funds to lend
Reuters – Ireland, one of the biggest hubs for funds in Europe, will allow hedge funds based in the country to lend to companies under new rules drawn up by the central bank, the bank said. With banks in Europe […]