Category Archives: Syndicated
Investors favour developed Europe and Australia-focused hedge funds
Risk.net – Performance of developed Europe-focused hedge funds declined in the second quarter as sovereign issues again increased volatility across major European markets. Year-to-date the group lags aggregate hedge fund performance, up 2.05% compared with 3.26% for the industry as […]
SEC’s Hunt for Crisis-Era Wrongdoing Loses Steam
WSJ – Securities and Exchange Commission enforcement officials have decided not to recommend filing civil charges against hedge-fund firm Magnetar Capital LLC, which teamed up with Wall Street firms to create mortgage securities that suffered billions of dollars in losses […]
Voices Rising Against Hedge Fund Millionaire Larry Summers to Head the Fed
PR Watch – Opposition is growing to the idea of President Obama naming Larry Summers to head the Federal Reserve. As William Greider wrote in The Nation, “Summers is a toxic retread from the old boys’ network and a nettlesome egotist […]
UBS to Pay $50 Million to Settle SEC Charges of Misleading CDO Investors
The Securities and Exchange Commission today charged UBS Securities with violating securities laws while structuring and marketing a collateralized debt obligation (CDO) by failing to disclose that it retained millions of dollars in upfront cash it received in the course […]
Hedge Funds Have Never Been More Crowded Into The Oil Trade
Business Insider – West Texas Intermediate (WTI) crude oil futures are up an impressive 27.2% in just the last 9 months. After hitting a high of $108.93 a barrel on July 19, the long-oil trade took a breather, but last […]
Tepper’s Short Hills hedge fund turns 20, but the real party is the returns: report
If you invested $1 million in David Tepper’s hedge fund 20 years ago, how much would you be worth today? How about $149 million? That’s what Appaloosa Management, the hedge fund that Tepper founded in 1993, has told its investors, […]
Palladium Shortages Spur Bullish Hedge-Fund Wagers: Commodities
Bloomberg – At a time when gold and silver are tumbling the most in three decades, hedge funds are holding a near-record bullish bet on palladium as forecasters from Morgan Stanley to Credit Suisse Group AG predict years of shortages. Demand will […]
First Trust Rolls Out Managed Futures Fund (FMF)
ETF Database – Amid the calm trading environment, several issuers beefed up their product lineups last week, including the launch of the first ever city-based fund; the Nashville Area ETF offers a truly unique strategy that takes the theme of “targeted exposure” to […]
Largest U.S. hedge funds have $1.47tln in net assets and $1tln in borrowings, says SEC: hedge fund news, week 31
Opalesque – In the week-ending 02 August 2013, it was reported that Alpinvesta had launched a fund of managed futures funds investment program; Consilium revealed its plan to launch its third buyout fund; former oil and natural gas trader Jonathan Goldberg will launch a […]
Hedge Fund Association Appoints Industry Leaders Juan Garrido and Les Baquiran Co-Directors of LatAm Chapter
Fort Mill Times – The Hedge Fund Association announced today new regional leadership appointments that demonstrate the HFA’s enduring commitment to growth and diversity. Victor Hugo Rodriguez, the first director of the HFA’s LatAm Chapter, is passing the reins to […]
Will Rhode Island’s big bet on hedge funds pay off?
Providence Journal – A few weeks ago, New York billionaire hedge fund trader Daniel Loeb, who has $66 million in Rhode Island state pension funds, made nearly 10 times that when he sold 40 million shares of Yahoo stock, two […]
Why hedge funds run by idiots can do well. For awhile.
Washington Post – Rich? Bored? Unable to find a job because of “Obama”? Then tap into your inheritance and start a hedge fund, bro! That, at least, is the plan of this charmer, whose recruiting e-mail to his frat brothers […]