Category Archives: Syndicated
Hedge fund plans to bet on Brazilian fraud cases
VC Post – Platinum Partners sees Brazilian fraud as a potential boom industry in the emerging markets. According to a Financial Times report, the New York-based hedge fund intends to make a bet in the recovery of Brazilian fraud claims […]
Former Perry Asia Head Said to Raise $1.1 Billion New Fund
Reuters – Alp Ercil, a former regional head of New York-based hedge fund Perry Capital LLC, won $1.1 billion of investor commitments for his second Asia distressed-assets fund, according to two people with knowledge of the matter. ARCM Master Fund […]
Lampert Cuts Sears Stake Below 50% as Fund Clients Redeem
Bloomberg – Edward Lampert, the hedge-fund manager who for the past eight years tried to turn around Sears Holdings Corp., cut his stake in the retailer below 50 percent. Lampert’s ESL Investments Inc. owns 48 percent of the Hoffman Estates, Illinois-based […]
Here’s What the Biggest Hedge Fund Has Been Buying
The Motley Fool – Every quarter, many money managers have to disclose what they’ve bought and sold, via “13F” filings. Their latest moves can shine a bright light on smart stock picks. Today, let’s look at Bridgewater Associates, the world’s […]
New rules force Meditor Capital to shut European hedge fund- Bloomberg
Reuters – Britain-based hedge fund Meditor Capital Management Ltd said it would shut down its European equity business, citing an internal review and new European rules that restrict short-selling, Bloomberg reported. The $3 billion hedge fund-firm run by Talal Shakerchi […]
Hedge Funds Trail Stocks by the Widest Margin Since 2005
Bloomberg – The $2.5 trillion hedge-fund industry, whose money managers are among the finance world’s highest paid, is headed for its worst annual performance relative to U.S. stocks since at least 2005. The funds returned 7.1 percent in 2013 through November, according […]
Investors, Dismayed by Losses at Sears, Pull Money From Hedge Fund
NYT – The storied investing empire of Edward S. Lampert is shrinking. David Geffen, the entertainment mogul, got out in 2007. Members of the Ziff family cashed out more recently, between 2011 and earlier this year. And more investors are heading for […]
Detroit ruling to boost hedge fund demand, says Ashcroft’s Don Steinbrugge
Investment Europe – Don Steinbrugge, chairman at Agecroft Partners, says a court ruling involving bankrupt US city Detroit could have significant implications for demand for hedge fund investments. Judge Steven Rhodes’ ruling that the City of Detroit is officially bankrupt […]
Chinese internet stocks propel US hedge fund to double-digit returns
Hedge Fund – Anti-virus software company Qihoo 360 Technology, one of Passport’s big holdings, climbed 190 per cent this year. Photo: Qihoo.com website Booming Chinese internet stocks have fuelled Passport Capital’s double-digit gains this year at a time when many […]
Class-action suit seeks $50M from hedge fund manager
Cincinnati – A longtime Cincinnati money manager already targeted in several civil suits is also being sued in federal court on allegations he bilked about 200 investors out of more than $50 million. The class-action suit, filed Tuesday in U.S. […]
Philip Morris International Inc. (PM): Are Hedge Funds Lighting Up This Stock?
Philip Morris International Inc. made some headlines Wednesday when it announced an agreement to buy a 20-percent stake in Russian distributor firm Megapolis for about $750 million, according to reports. Megapolis is the Russia distributor for Philip Morris International Inc., wich […]
SAC analyst recalls Steinberg unfazed after FBI hedge fund raids Bloomberg News
Stanford Advocate – After FBI agents raided hedge funds in November 2010, SAC Capital Advisors fund manager Michael Steinberg expressed confidence he wouldn’t be tied to illegal tips, his former analyst testified. Jon Horvath, the analyst, told the Manhattan federal […]