Category Archives: Syndicated
The Things You See at a Las Vegas Hedge Fund Confab
NY Magazine – At the Bellagio in Las Vegas today, there are some pretend gamblers — people betting tiny sums on hands of blackjack and poker and plugging nickels into slot machines. And then, in the conference center just off […]
Congress Testimony ‘Slowed Us’: Hedge Fund Pro
CNBC – Being called to testify before the U.S. Congress did little to help him lure clients, said Tilden Park Capital Management CIO Josh Birnbaum, whose hedge fund nonetheless managed to top the industry in 2012. Asked whether his testimony […]
Hedge Fund People: Jason Fisher Joins PineBridge As Senior Vice President,
PineBridge Investments (“PineBridge”), the global multi-asset class investment manager, today announced that Jason Fisher joined the firm as Senior Vice President, Head of Consultant Relations for the Americas and Europe. Mr. Fisher will work closely with PineBridge’s Sales and Client […]
Analysis: Hedge funds in search of distress take a look at Detroit
Reuters – In the past two decades, a group of specialized hedge funds have transformed corporate bankruptcies, injecting much-needed capital while at the same time drawing fire as “vultures.” Now these same funds may be poised to descend on another […]
Hedge Funds Rush Into Debt Trading With $108 Billion
Bloomberg – Hedge funds using debt-trading strategies honed on Wall Street are expanding at a record pace as they profit from risks big banks are no longer taking. BlueCrest Capital Management LLP doubled its New York staff in the two […]
Hedge fund manager Einhorn increases Apple bet, praises plan to return capital
Mercury News – David Einhorn’s Greenlight Capital has added to its investment position in Apple (AAPL) and is waiting for the company’s “next blockbuster product,” Einhorn said Tuesday. In a conference call for his Cayman Islands-based reinsurer Greenlight Capital, Einhorn did not […]
Cantab closes hedge fund as EU rules curb commodity investing
Reuters – Cantab Capital Partners is to close a retail investor-friendly version of its flagship hedge fund because of new European guidelines regulating investment in commodities, underlining the growing difficulty firms face in trading metals, grains and oil. Cantab, which […]
Hedge fund trial to raise pressure on UK fraud prosecutor
Fox – Britain’s top fraud prosecutor is likely to face serious criticism over its handling of an investigation into the $600 million collapse of one of London’s oldest hedge funds, a judge said on Tuesday. Already smarting from a 300 […]
Cantab to Shut UCITS Fund After Restrictions on Commodity Bets
Bloomberg – Cantab Capital Partners LLP, the $5.5 billion hedge-fund firm led by former Goldman Sachs Group Inc. (GS) quantitative traders, will shut a pool that is regulated like mutual funds because of restrictions on commodity investments. Investors in the […]
Ex-KPMG Auditor’s Friend Pleads Guilty in Insider Case
Hedge World – The California jeweler who gave a former KPMG auditor cash, an expensive watch and concert tickets in exchange for inside information about public companies pleaded guilty on Monday [May 6] to one count of conspiracy to commit […]
Portugal Selling 10-Year Bonds for First Time Since 2011 Bailout
Portugal is selling 10-year bonds for the first time in more than two years as it seeks to regain full access to debt markets following its 2011 bailout. The new securities due in February 2024 may yield 400 basis points more than […]
This Former Hedge Fund Analyst Wants to Launder Your Clothes
AdWeek – Robert Hennessy has an unusual talent. If you tell this ex-analyst entrepreneur where you live in New York, he can name every laundry and dry cleaner within a stone’s throw. “Seventy-eighth between First and Second? There’s four dry cleaners […]