Category Archives: Syndicated
Steinway agrees $512m private sale to hedge fund
BBC – Steinway Musical Instruments, the US company famous for its grand pianos, has agreed a buyout deal with hedge fund firm Paulson & Co. The deal values the firm at $512m (£330m) and trumps an earlier offer made by […]
Pro-Booker PAC propelled by hedge fund money
PublicIntegrity.org – Despite Newark Mayor Cory Booker’s status as the overwhelming favorite to win Tuesday’s Democratic U.S. Senate primary election in New Jersey, a super PAC spent more than $500,000 supporting his candidacy, records show. More than half of the […]
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 incorporated Golvis Investment Pte in Singapore, said […]
Blackstone and Fidelity offer hedge fund taste to retail crowd
(Reuters) – Blackstone Group LP (BX.N), 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 Advisory […]
Hedge Funds Trim Gold Bets on Stimulus Speculation
(Bloomberg) Hedge funds cut bullish gold bets by the most since June amid speculation about whether the Federal Reserve will begin trimming its monthly bond purchases. Money managers cut their net-long position by 27 percent to 48,103 futures and options […]
Fraud victim hedge fund gets $33 million in art
(Newsday.com) Eighteen contemporary artworks valued at $33 million have been transferred to a hedge fund victimized in a massive $400 million fraud scheme, the Manhattan U.S. attorney’s office said Monday. The works by such boldface artists as Andy Warhol, Mark […]
Martin Currie Reports First Loss in 132 Years on China Fund
Bloomberg – Martin Currie Investment Management Ltd., an Edinburgh-based fund manager, posted a loss last year for the first time since it was founded in 1881 after clients withdrew money amid misconduct at a China fund. The fund manager had […]
Piquant Technologies becomes first AIFMD compliant UK hedge fund
Investment Europe – Global professional services firm Kinetic Partners has supported Piquant Technologies LLP, a new UK-based quantitative fund manager, to become the first hedge fund authorised according to the Alternative Investment Fund Management Directive (AIFMD). The directive, which came […]
Hedge Funds Trim Gold Bets on Stimulus Speculation
Bloomberg – Hedge funds cut bullish gold bets by the most since June amid speculation about whether the Federal Reserve will begin trimming its monthly bond purchases. Money managers cut their net-long position by 27 percent to 48,103 futures and options by […]
Looks Like Hedge Fund Manager Daniel Loeb Posted Another Taunting Message On His Bloomberg Terminal
SF Gate – Outspoken hedge fund manager Daniel Loeb, the founder of Third Point LLC, has left another taunting message on his Bloomberg terminal MSG9 (“message 9”) line. From Loeb: “Never interfere with an enemy when he is in the process […]
The 20-Year Performance Of Hedge Funds And The S&P 500 Are Almost Identical
Business Insider – Hedge funds continued to underperform the overall US equity market this year. In the first six months of 2013, the S&P500 index is ahead of the CS Hedge Fund Index by over 10%. That is not entirely […]
Tax clampdown hits UK hedge fund LLPs
Risk.net – Changes in UK taxation rules coupled with restrictions on employee remuneration in the AIFMD could lead to higher costs and some complications for hedge fund limited liability partnerships (LLPs). HM Revenue & Customs (HMRC), the UK tax authority, […]