Category Archives: Syndicated
Government Shutdown Impact on Hedge Funds
Forbes – The impact of the October 1 shutdown of the federal government on hedge funds is now playing out in slow motion. While the SEC remains open due to its ability to self-fund for a few weeks, its sister agency, the […]
UBS O’Connor Said to Open First Asia Hedge Fund to Investors
Bloomberg – UBS O’Connor, the UBS AG (UBSN) unit with $5.2 billion of assets, plans to open its first Asia-focused hedge fund to investors later this year, said two people with knowledge of the matter. The fund, which started trading in August […]
Mutual Funds Are Crushing Hedge Funds This Year
Business Insider – Via Goldman Sachs chief U.S. equity strategist David Kostin: “Large-cap core mutual funds have slightly outperformed the S&P 500 year-to-date, returning 20.4% vs. the market at 19.8%. Hedge funds have continued to lag returning only 3.5%; however […]
Investors turn their backs on “robot” hedge funds
Reuters – Investors in the $330 billion computer-driven hedge fund sector are pulling out money for the first time since 2008, data showed on Wednesday, signalling the possible start of a bigger exit from the industry. These so-called CTAs (commodity […]
California hedge fund Miami dreamin’
Miami Today – A California hedge fund using the secretive alias Confidential Project: Ludwig is looking at moving its base to Coconut Grove, bringing 25 jobs averaging $100,000 salary. But the company is also considering Houston and Austin, TX, and […]
Crowdfunding? Count hedge funds in on it, too
BizJournals – We’ve heard plenty about how new Securities and Exchange Commission rules allow startups to advertise that they’re raising money. But the rules, put in place last week, open up fundraising further than that. They also allow hedge funds, private equity […]
W.V. Adds $30 Million To Hedge Funds
FIN – West Virginia’s public-pension manager has increased its investment with four hedge funds. The West Virginia Investment Management Board gave $30 million to four existing managers. Carlson Capital’s Double Black Diamond fund and Pine River Capital Management’s eponymous fund […]
Crispin Odey on Recovery, Regulation and Skin in the Game
WSJ – Crispin Odey, probably the only hedge fund manager who’s had a sausage named after him, knows a thing or two about navigating uncertain markets. The founder of $9.7bn hedge fund Odey Asset Management, he is known for his passion for politics […]
Elliott to Pay More Than $1 Billion for Lehman U.K. Claim
NASDAQ – Paul Singer’s hedge fund Elliott Management has agreed to pay GBP650 million($1.05 billion) to the corporate parent of Lehman Brothers International (Europe), the U.K arm of the collapsed investment bank, in exchange for the parent company’s multibillion dollar […]
SAC Says Three Portfolio Managers Left Hedge Fund Firm in London
BusinessWeek – SAC Capital Advisors LP, the $14 billion hedge-fund firm founded by Steven A. Cohen, said three portfolio managers in London left last month. Woei Chan, Alidod Shirinbekov and Paul Crouch departed on Sept. 26, according to filings at […]
Mission-based hedge fund firm opening
P&I – Bruce S. MacDonald is forming Crayna Capital, a mission-based hedge fund-of-funds manager and investment consulting firm. Crayna opens Tuesday and will introduce a commingled mission-based hedge fund in the first quarter of 2014, Mr. MacDonald said. In addition […]
Australian regulator says hedge funds do not pose systemic risk to financial system
Opalesque – Australian hedge funds do not currently pose a systemic risk to the local financial system, an ASIC report claimed and added that the country’s hedge fund industry manages only a small share of Australia’s $2.1tln managed funds industry with more than […]