Category Archives: Syndicated
Former First Asset Manager Stephenson Starts Hedge Fund
Bloomberg – John Stephenson, who spent eight years tracking resources at fund manager First Asset Investment Management Inc., is creating his own hedge fund to favor U.S. equities over Canada. Stephenson, who helped manage about C$3.1 billion ($2.89 billion) at […]
Hedge fund calls on Judge Griesa to reject ‘stay’ order requested by Argentina
Merco Press – The last word, however, will be had by Griesa, who will rule on the petition tabled by Argentina. “If Argentina is really serious about its intention to negotiate a way out there is no reason why negotiations […]
Rauner Donor’s Hedge Fund Group Received $200 Million in Bailout Funds
Gapers Block – The Sun-Times reported on Friday that Citadel, a hedge fund founded by Kenneth Griffin, received $200 million in bailout funds in 2009 from AIG. Griffin recently gave Bruce Rauner’s gubernatorial campaign $2.5 million in campaign contributions. Griffin […]
Raimondo stands by hedge-fund adviser canned in Mass.
WPRI – General Treasurer Gina Raimondo is keeping for now the California financial adviser that helps her office pick hedge funds for the state’s investment portfolio, despite a recent decision by the Massachusetts pension board to cut ties with the […]
Ghana’s First Hedge Fund Planned by Ex-Exchange Regulator
Bloomberg – Tikowrie Capital Ltd., a Ghanaian money manager started by a former regulator, plans to establish the West African country’s first hedge fund. “The appetite of investors in the country has grown over the years,” Tikowrie Executive Director Maxwell […]
Possible Offshore Deferrals For Hedge Fund Managers
Mondaq – The Internal Revenue Service (the “IRS”) has issued Revenue Ruling 2014-18 (the “Ruling”)1, which generally confirms that a stock-settled stock option or stock appreciation right that is granted with an exercise/base price of no less than the fair […]
Investment Banking and Brokerage Equities Technical Analysis
On Friday, June 20, 2014, the NASDAQ Composite ended at 4,368.04, up 0.20%, the Dow Jones Industrial Average finished the day 0.15% higher at 16,947.08, and the S&P 500 closed at 1,962.87, up 0.17%. During the session five out of ten […]
Tiger Management Backing New Asia-Focused Hedge Fund
WSJ – Julian Robertson’s Tiger Management LLC is backing startup hedge fund Kang Global Investors LP with as much as $50 million for its launch at the start of July, according to people familiar with the arrangement. Long considered one […]
Hedge Fund and ValueVision Shopping Network Settle Differences
NYT – After a seven-month battle, the activist hedge fund Clinton Group and the Internet and shopping network ValueVision Media have settled their differences. ValueVision announced a new chief executive officer and a new board of directors on Monday. Mark […]
Investors prefer high-quality hedge funds over high returns
BC – The majority of hedge fund investors are not looking for double-digit returns from their hedge fund investments. A Preqin survey finds that 67% of institutional investors look for annual returns between 4% and 6% while just 6% of […]
Hedge fund contributions going mostly to GOP
SF Gate – Hedge funds, which barely existed two decades ago, are placing their chips mostly on Republican congressional candidates in the 2014 election. The numbers, collected by Washington’s Center for Responsive Politics, reflect the industry’s long march away from […]
US hedge fund billionaire to launch distressed debt IT
Investment Week – US hedge fund billionaire Marc Lasry is planning to launch a distressed debt-focused investment trust for the UK market in September, Investment Week understands. Lasry is expected to seed it with several hundred million dollars of his […]