Category Archives: Syndicated
Here’s What a Hedge Fund Profit-And-Loss Statement Looks Like
Gawker – Hedge funds are privately controlled and notoriously secretive investment firms with billions of dollars in assets. Here’s a document listing all of the income, salaries, and spending for one hedge fund over several years. This document, provided to […]
SAC Plans to Shut London Unit, Fires Six U.S. Money Managers
Bloomberg – SAC Capital Advisors LP plans to shut its London office as the $14 billion hedge-fund firm founded by Steven A. Cohen scales back in the face of insider-trading allegations by U.S. prosecutors. SAC, based in Stamford, Connecticut, will […]
U.S. CFTC may drop anti-speculation rule appeal
Reuters – The U.S. derivatives regulator is considering dropping its appeal to defend a rule that would severely limit Wall Street’s ability to speculate with commodities, a senior official at the agency said on Tuesday [Oct. 22]. The Commodity Futures […]
State Street Reports Third-Quarter 2013 GAAP-Basis EPS of $1.17 on Revenue of $2.43 Billion
In announcing third-quarter 2013 financial results, Joseph L. Hooley, State Street’s chairman, president and chief executive officer, said, “Our results reflect the strength of our core business with operating-basis fee revenue up 9% from the third quarter of 2012, in […]
Highbridge Said to Seek $250 Million for New Asia Hedge Fund
Bloomberg – Highbridge Capital Management LLC, the JPMorgan Chase & Co. unit that manages about $31 billion, is starting an Asia hedge fund, returning to the market more than two years after shutting a predecessor fund. Highbridge plans to raise about $250 […]
Argentina sics ex-solicitor general on hedge fund
NYP – Former Solicitor General Paul Clement has been hired by Argentina to press its case against Paul Singer’s Elliott Management, according to Argentine press reports. Earlier this month, the US Supreme Court denied Argentina’s first request to review an […]
Officials worried as hedge fund now largest landlord in Huber Heights
Dayton Business Journal – City officials in Huber Heights are expressing concern after a New York hedge fund bought 1,900 rental properties earlier this year, according to Bloomberg. Magnetar Capital LLC, a $9 billion hedge fund, acquired the properties in […]
Guy Fieri Paid $100,000 by Hedge Fund Billionaire to Be “Friend for a Day”
E Online – Either this guy must really like Guy’s American Kitchen and Bar or he wanted some tips on Minute to Win It. A hedge fund billionaire plunked down $100,000 to be Guy Fieri’s “friend for a day,” per […]
Hedge Fund Governance And SEC Enforcement Proceedings
Bloomberg Law – Steve Cohen, Raj Rajaratnam, and numerous lesser known hedge fund managers have been charged or otherwise implicated in civil enforcement proceedings commenced by the Securities and Exchange Commission (the “SEC”) over the past few years, alleging misuse […]
Magnetar Goes Long Ohio Town While Shorting Its Tax Base
Bloomberg – Thousands of brick houses line the streets of Huber Heights, a leafy suburb of Dayton, Ohio, named for the builder who developed it in the 1950s and nurtured its growth. Until this year, his family was the town’s […]
Investors resist hedge fund exodus despite U.S. debt worries: SS&C GlobeOp
Reuters – Requests to pull money out of hedge funds dropped by a fifth in October as investors shrugged off fears that U.S. politicians might fail to end a stalemate on how to tackle a ballooning debt crisis, data on […]
Gravitas Named “Best Outsourced Technology Infrastructure Provider” By US Hedge Fund Services Awards
Gravitas, a co-sourcing platform providing cloud technology, collaborative outsourcing, risk analytics, research support and middle office services to the alternative investment industry has been named “Best Outsourced Technology Infrastructure Provider” in HFMWeek’s prestigious annual US Hedge Fund Services Awards. “The […]