Category Archives: Syndicated
Hedge Fund Urges EADS to Sell Dassault Stake
NYT – EADS, the parent company of Airbus, confirmed on Monday that it had received a letter from an influential shareholder urging it to sell its 46 percent stake in Dassault Aviation, the French maker of the Rafale fighter and the […]
Man Group: Funds Under Management Down 9%
Man Group PLC reports new highlights for 6 months (ending 30 June 2013) ? Total tangible assets at 30 June 2013 of $2.2bn ? Net tangible assets at 30 June 2013 of $1.3bn, 72 cents or 47 pence per share […]
Man Group Rises as Profit Beats Estimates on GLG Performance
Bloomberg – Man Group Plc, the world’s largest publicly traded hedge-fund manager, rose in London trading after its first-half earnings surpassed analysts’ estimates, helped by higher performance fees at its GLG Partners unit. Adjusted pretax profit rose 9.8 percent to […]
Hedge funds dominate private-fund assets, SEC report finds
Pensions & Investments – Nearly half of all private fund assets in the U.S. came from large hedge funds, according to the first report on private fund managers ordered by the Dodd-Frank Wall Street Reform and Consumer Protection Act. Delivered […]
SEC Adopts Rules to Increase Protections for Investors With Assets Being Held By Broker-Dealers
The Securities and Exchange Commission today announced the adoption of rules designed to substantially increase protections for investors who turn their money and securities over to broker-dealers registered with the SEC. The new rules, approved by a 3-2 Commission vote, […]
Fortress Second-Quarter Profit Triples on Hedge-Fund Fees
BusinessWeek – Fortress Investment Group LLC, the first publicly traded private-equity and hedge-fund manager in the U.S., said second-quarter profit tripled as fees for beating certain benchmarks rose. Pretax distributable earnings, which exclude some compensation costs and other items, increased […]
Who Are Europe’s Hedge Fund Winners?
WSJ – Overall growth at the top 20 remained virtually flat in the past 12 months, dragged down by poor performance from managed futures strategies but boosted by buoyant equity markets. Guy Wolf, global head of market analytics at commodities […]
SEC Says Largest U.S. Hedge Funds’ Debt Tops $1 Trillion
SEC – The nation’s largest hedge funds had $1.47 trillion in net assets and more than $1 trillion in borrowings as of the fourth quarter, according to the first report compiled on confidential data they provided to the U.S. Securities […]
Fortress Says Second-Quarter Profit Tripled on Hedge-Fund Fees
Bloomberg – Fortress Investment Group LLC (FIG), the first publicly traded private-equity and hedge-fund manager in the U.S., said second-quarter profit tripled because of higher fees paid to the firm for managing its funds. Pretax distributable earnings, which exclude some […]
Ex-SAC team is said to get $90 million for hedge fund
CT Post – A group of former SAC Capital Advisors employees led by portfolio manager Jos Shaver raised about $90 million for a hedge fund, a quarter of that from employees, according to a person familiar with the matter. Electron […]
Roc Capital Said to Shutter Main Hedge Fund After Losses
Bloomberg – Roc Capital Management LP, the hedge-fund firm that counted Deutsche Bank AG (DBK) and the daughter of billionaire Lakshmi Mittal among its investors, is liquidating its main fund after losing money, according to a person with knowledge of […]
Japan regulator says Singapore-based hedge fund manipulated share prices
Reuters – A Singapore-based hedge fund manipulated prices in the Japanese equity market and should pay a 431 million yen ($4.38 million) fine, Japan’s securities regulator said, which would be biggest ever imposed against a non-Japanese firm for market manipulation. […]