Category Archives: Syndicated
Hedge Fund Chief Makes a Lonely Bet Against Portugal’s Debt
NYT – David Salanic cuts a lonely figure among the Manhattan power brokers eating breakfast at the Loews Regency Hotel restaurant on Park Avenue. Sure, he runs a hedge fund, but with $50 million, his fund may represent a year […]
Companies fight back against hedge funds
CNNMoney – As activist investors intensify their efforts to shake up large firms, a new alliance has formed to hit back at the Carl Icahns and Dan Loebs of the world. On Monday, a group of directors and long-term shareholders of […]
After Scandal, SAC Capital Begins to Fade to Black
NYT – SAC Capital Advisors, synonymous with an insider trading scandal that has consumed the hedge fund industry, will soon cease to exist as Wall Street has known it. Steven A. Cohen’s 22-year-old hedge fund — once the envy of […]
SEC Charges N.Y.-Based Money Manager and Firm for Misleading Advertisements
SEC – The Securities and Exchange Commission today charged a New York-based money manager and his firm with making false claims through Twitter, newsletters, and other communications about the success of their investment advice and a mutual fund they manage. […]
Hedge funds seek 1.8 billion damages from members of Porsche’s owning family
Reuters – Investors including U.S. hedge fund Elliott Associates have escalated a legal battle against members of Porsche’s supervisory board by seeking 1.8 billion euros ($2.43 billion) in damages from Wolfgang Porsche and his cousin Ferdinand Piech. The most recent […]
LIMMAT CAPITAL approved by the Swiss Financial Market Supervisory Authority
Starting the new year off in a positive direction, LIMMAT CAPITAL Alternative Investments AG was approved by the Swiss Financial Market Supervisory Authority (FINMA) as asset manager of foreign collective schemes on January 3. LIMMAT CAPITAL Alternative Investments AG is […]
Cohen Trading Strategy a ‘Dangerous’ Topic, Judge Says
Bloomberg – The judge in Mathew Martoma’s insider-trading trial warned his lawyers against questions tied to Steven Cohen’s trading strategies, saying it could open the case to a wider probe of the SAC Capital Advisors LP founder. “General questions about how Steve Cohen […]
Court dismisses Goldman Sachs hedge fund appeal
Sydney Morning Herald – An Australian hedge fund that lost $US67 million when it bought toxic mortgages from Goldman Sachs is a step closer to having its day in court against the investment bank, after a New York court quashed […]
Hedge funds Scout Capital Management, Joho Capital to close-WSJ
Reuters – Two multi-billion dollar U.S. hedge funds, one of which was Asia-focused, will close, the Wall Street Journal reported late on Thursday. The $6.7 billion Scout Capital Management LLC and $5 billion, Asia-focused Joho Capital LLC notified investors this […]
Collector Ron Pizzuti: Follow Your Heart, Not A Hedge Fund
Forbes – Last week, Kelly Crow, Sara Germano and David Benoit at the Wall Street Journal wrote about the way in which hedge fund art collectors “arguably influence the prices and popularity of the world’s top artists–from mainstays like Claude Monet to […]
Goldman Sachs, hedge fund billionaire back $27M social impact bond
CNBC – Goldman Sachs, hedge fund billionaire John Arnold and other philanthropic partners funded the largest ever social impact bond Wednesday, a $27 million effort to prevent young men in Massachusetts from going back to jail or prison. Social impact […]
Hedge Funds Sniff for Even Bigger Payouts From Banks
NYT – One of the biggest bets on Wall Street rests on a theory that also deeply unsettles Wall Street. The provocative theory is that the big banks have not paid enough in recent legal settlements to make amends for […]