Category Archives: Syndicated
Gearing up to short stocks again
CNBC – The Federal Reserve’s easy-money policy will eventually lose its efficacy, creating a nurturing climate for market bears, hedge-fund manager Bill Fleckenstein said Friday. “At this juncture, I’m just moving forward so I could restart my fund early next […]
Hedge fund investing in Royal Mail employs George Osborne’s friend
The Telegraph – More than 40,000 people who tried to buy shares in the privatisation have received nothing at all. By contrast City institutions were able to buy two thirds of the newly privatised company. Lansdowne Partners, one of the […]
Miami to NY hedge funds: We’re ready for you now
Miami Herald – Miami hopes to lure hedge funds out of New York with an updated twist on a familiar message: Come south for warm winters, zero state or city income tax and — finally — a downtown worthy of […]
Hedge fund firm opens EU fund to keep insurance client
Reuters – Hedge fund firm Finisterre Capital has launched an EU-regulated fund after one of its insurance clients threatened to pull out its money from an existing fund because new industry rules will make it more expensive to invest in […]
Hedge Fund Bears at Year High as Equities Focus on Budget
Bloomberg – Hedge funds, whose bearish bets on stocks have held their returns to half the Standard & Poor’s 500 Index in 2013, pushed short sales close to the highest level of the year just as the U.S. budget impasse spurred a […]
Hedge Fund Closures Can’t Slow Retail-Merger Flurry: Currencies
Bloomberg – FXCM Inc., the largest retail currency broker in the U.S., is leading a wave of buyouts and mergers in this corner of the $5.3 trillion-a-day foreign-exchange market as tougher regulation increases costs. In the past month, New York-based […]
CalPERS plans search for hedge fund managed account platform
P&I – CalPERS will issue an RFP for a managed account investment platform provider for its $5.2 billion hedge fund portfolio, pending approval by the board of trustees of the $269.1 billion pension fund at its Oct. 14 meeting. The […]
Hedge funds drop objection to IBRC’s US bankruptcy move
Irish Times -Two funds linked to US billionaire hedge fund owner Paul Singer have dropped their objection to the former Anglo Irish Bank’s application for bankruptcy protection in the United States. The funds, associated with Mr Singer’s Elliott Management, withdrew […]
$10 billion U.K. hedge fund heads Stateside
CNN – Odey Asset Management, a $10 billion hedge fund based in London, is opening a U.S. office in New York, Fortune has learned. It will be led by new head of U.S. sales Tom Trowbridge, who previously was head of marketing […]
Hedge funds score big win bankrolling tax refund case
Reuters – A group of hedge funds looks set to win an eyewatering return after bankrolling the winning party in a court fight over a $373.8 million tax refund in the bankruptcy of Downey Financial Corp. U.S. Bankruptcy Judge Christopher […]
Hedge Fund Elliott Clings to Kabel Stock in Vodafone Buyout
BusinessWeek – Kabel Deutschland Holding AG (KD8) shareholder Elliott Management Corp. is holding out as Vodafone Group Plc (VOD) attempts to convince investors to cash out so it can complete its takeover of the German cable company. Elliott hasn’t reduced […]
Hedge funds score big win bankrolling tax refund case
Reuters – A group of hedge funds looks set to win an eyewatering return after bankrolling the winning party in a court fight over a $373.8 million tax refund in the bankruptcy of Downey Financial Corp. U.S. Bankruptcy Judge Christopher […]