Category Archives: Syndicated

Hedge Fund Manager Ray Dalio Angers Displaced Boat People

ValueWalk – Hedge fund manager Ray Dalio may have to look elsewhere for his new corporate headquarters, now that he’s upset the boat people of Stamford. Ray Dalio’s company Bridgewater Associates has been looking at buying land currently owned by […]

Kyle Bass Said to Bet on J.C. Penney in Purchase of Debt

BusinessWeek – Hedge-fund manager J. Kyle Bass is betting on a comeback by J.C. Penney Co., the retailer roiled by falling sales and a dispute with investor William Ackman, according to a person familiar with the matter. Bass, who focuses on corporate […]

JPMorgan Gives Everyone Déjà vu; Hedge Fund Manager Admits Wrongdoing

American Banker – JPMorgan Chase is having a hard time getting through the day without news of a probe surfacing. Following reports that the Securities and Exchange Commission was investigating whether the bank routinely hired the children of well-connected families […]

Brevan Howard Traders Said to Depart as Fund Posts Loss in June

Bloomberg – Two Brevan Howard Asset Management LLP credit traders left in recent weeks, as the firm scales back after its biggest hedge fund had the worst monthly loss since 2008 in June, two people with knowledge of the matter […]

Hedge fund corn shorting spurs price spike fears

AgriMoney – The extent of the bets on falling prices that hedge funds have taken out on corn has spurred fears of a “fairly large short-covering rally”, a broker warned, as futures in the grain extended a recovery from near-three-year […]

Readers Weigh in on Hedge Fund Fraud

Patch.com – A hedge fund owned by Winnetka resident Clayton Cohn, 26, a U.S. Marine Corps veteran, was shut down by the Securities and Exchange Commission earlier this month. Cohn allegedly participated in hedge fund fraud that targeted current and […]

Hedge fund sells 19 million shares of Procter & Gamble

USA Today – Hedge fund manager Bill Ackman has sold two-thirds of his stake in Cincinnati-based Procter & Gamble – cutting his share in the company that he pressured to cut costs and replace its CEO. But in another financial […]

Hedge Fund Billionaire John Paulson Lost $736M In Second Quarter Gold Bloodbath

Forbes – The second quarter was by no means a time to own gold, and billionaire hedge fund manager John Paulson knows it.  While he cut his major position in the yellow metal by half, selling nearly 12 million shares in the […]

Hedge fund linked to RBS collapse backs bid for branches

Telegraph – Toscafund, the $1.3bn (£830m) fund chaired by ex-RBS chairman Sir George Mathewson, has emerged as a backer of Andy Higginson’s W&G Investments, which hopes to buy the Scottish bank’s “Project Rainbow” unit. W&G Investments is one of three […]

Ackman is Gone but Options Market Sees More Risk for J.C. Penney

Reuters – Activist hedge fund investor William Ackman may be off the board of J.C. Penney Co. Inc., but concerns about the U.S. department store chain’s prospects have pushed bearish bets to record levels in the U.S. options market. With Mr. Ackman stepping […]

Business roundup: Pneumatic people mover; hedge fund woes

Washington Post – An affiliated fund of Steven A. Cohen’s SAC Capital Advisors shut down last week as the $14 billion hedge fund begins to shrink in the wake of a criminal indictment filed against it in July, according to […]

Hedge-Fund Industry’s Dell Stake Tripled in Last Quarter

Bloomberg – Hedge-fund managers almost tripled their holdings of Dell Inc. (DELL) common shares in the second quarter while traditional mutual-fund firms cut their stakes in the computer maker, a trend that could boost Michael Dell’s bid to take his […]