Category Archives: Syndicated
Third Point Reinsurance Shares Open Flat in Debut
HedgeWorld – Shares of Third Point Reinsurance Ltd. hovered around their offer price on the first day of trading, valuing the property and casualty reinsurer at about $1.27 billion. About 3.4 million shares changed hands by 9:53 a.m. EDT, making the stock […]
A Leg To Stand On’s (ALTSO’s) Hedge Fund Rocktoberfest – NYC
Hedge Fund Rocktoberfest, the annual fundraiser for children’s charity A Leg To Stand On (ALTSO), will celebrate its 10th anniversary on Wednesday, October 23 at Capitale on 130 Bowery in New York City. Hedge fund industry professionals will perform rock […]
SEC Charges Two J.P. Morgan Traders With Fraudulently Overvaluing Investments to Conceal Losses
The Securities and Exchange Commission today charged two former traders at JPMorgan Chase & Co. with fraudulently overvaluing investments in order to hide massive losses in a portfolio they managed. The SEC alleges that Javier Martin-Artajo and Julien Grout were […]
Hedge Fund Clone ETF Surpasses $100M In Assets
Benzinga – Hedge fund replication ETFs have been criticized by some as being gimmicky. The ones offering exposure to stocks that appear in 13F filings have been assailed as gimmicky and criticized for the obvious risk of the 13Fs not […]
The gray art of not quite insider trading
CNN – “We used to be able to talk to investigators on drug trials,” says Source A, a hedge fund portfolio manager. Like all the analysts, research directors, and portfolio managers who cooperated for this article, Source A requested anonymity. […]
A new four letter word in hedge fund industry
FierceFinance – Not too long ago, equity hedge funds pretty much had to offer some sort of “edge” to attract clients. In the wake of the SAC Capital insider trading scandals, the word has been defined more by the most negative […]
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 […]
Apple a hedge fund target; Soros doubles stake
USA Today – Well-known investor George Soros has nearly doubled the size of his investment in Apple, the latest sign how the struggling stock is drawing big bets from celebrity investors. Just a day after investor Carl Icahn revealed his […]
Hedge funds deepen bets against gold in second quarter
Reuters – Hedge funds further abandoned gold in the second quarter of this year, lightening holdings of the world’s biggest gold exchange-traded fund SPDR Gold Trust as spot prices plummeted. JP Morgan Chase & Co cut its investment in the […]
Pro-Cuccinelli PAC gets $500,000 donation from New York hedge fund executive
Washington Post – A New York hedge fund titan has kicked in $500,000 to boost the campaign of Attorney General Ken Cuccinelli II against businessman Terry McAuliffe, the latest sign that the Virginia governor’s race will be a magnet for […]
Blackstone and Fidelity offer hedge fund taste to retail crowd
Reuters – Blackstone Group LP, one of the world’s biggest hedge fund investors, said on Monday Fidelity Investments is a strategic partner in giving retail investors a taste of the normally exclusive world of hedge fund investing. Boston-based Fidelity’s Portfolio […]
Former Goldman Sachs Managing Directors Plan Asia Hedge Fund
Bloomberg – Three former managing directors of Goldman Sachs Group Inc. (GS)’s Japan business plan to start an Asia multi-strategy hedge fund early next year, according to two people with knowledge of the matter. Koji Gotoda and Takayuki Kasama have […]