Category Archives: Syndicated
Australian super funds report best performance since 2007
Guardian – Australian superannuation funds have recorded their best performance in seven years as the total worth of the nation’s superannuation pool grew to $1.62tn. The industry-wide rate of return for superannuation funds in the year to 30 June 2013, […]
Senate to quiz U.S. regulators on Wall Street commodity bets
Reuters – A Senate panel will hold a hearing next week to question financial regulators over Wall Street’s role in physical commodity markets, drawing fresh attention to a controversy over the possible risks posed by the involvement of the largest […]
The World’s Biggest Hedge Fund Had a Pretty Bad Year
New York Magazine – Ray Dalio, the billionaire founder of hedge-fund behemoth Bridgewater Associates, had a great 2013 in terms of making YouTube videos and pissing off boaters in Connecticut. But investing? Not so hot. Bridgewater, which is known on […]
Billionaire Paul Singer’s Hedge Fund Accepts McKesson’s Higher Bid For Celesio, Reaches Deal With Compuware
Forbes – Billionaire New York hedge fund manager Paul Singer is known for conducting a long financial battle against Argentina and making political contributions to Republican causes. But at his core he is an activist hedge fund manager and he is making […]
SAC’s Martoma tried to cover up fraud at Harvard, documents show
Reuters – Years before he was accused of insider trading, former SAC Capital Advisors portfolio manager Mathew Martoma forged a Harvard transcript, falsified an email, and created a dummy forensic computing company to try to cover his tracks, according to […]
Hymowitz Wins $600 Million to Back Activists From Ubben to Peltz
Business Week – Hymowitz, the money manager who began backing activists such as Carl Icahn and Warren Lichtenstein more than a decade ago, is seeking to capitalize on a wave of hedge funds now pushing for changes at companies from Apple […]
Activists trump most rival hedge funds with double-digit returns
Reuters – Activist investors, known for pushing corporations to perform better, recorded some of the best returns in 2013 when many rival hedge funds delivered only lackluster gains and failed to keep pace with the U.S. stock market’s rally. On […]
US hedge fund industry pushing derivatives regulator to lift ad ban
Reuters – The U.S. hedge fund industry is making a fresh lobbying push to convince the federal derivatives regulator to remove a hurdle that could prevent private funds from advertising to new investors through television, the Internet or other channels. […]
Riverbed on Elliott proposal: We’ll think about it
CNBC – Riverbed Technology, the enterprise tech company that Elliott Management offered to buy Wednesday for $19 a share, wants more time to think. “Riverbed’s Board will review the offer and communicate its views in due course,” Riverbed said in […]
Dexion hedge fund on ‘edge of viability’ as assets shrink
CityWire – The future of the Dexion Trading hedge fund has been called into question after the triggering of a share buyback offer. Structured as an investment trust that feeds into its parent Permal Macro Holdings fund, Dexion Trading’s discount control mechanism […]
Area Hedge Fund Manager Lets His Scalps Talk For Him
DealBreaker – How does an activist hedge fund manager express to executives at the subject of of his activism that they’re in his world now? That proposed changes to the company will happen with or without management? That we can […]
Aussie hedge fund manager raves about Xero’s potential
NZ Herald – An Australian hedge fund manager has raved about the potential for accountancy software company Xero and accused New Zealand fund managers of being “precious petals” for wanting the stock removed from the sharemarket’s NZX 50 index. Writing […]