Category Archives: Syndicated
Hedge fund titans post gains on contrasting Herbalife bets
efinancialnews – Hedge fund titan William Ackman, whose $12.5bn Pershing Square Capital Management has sold “short” more than 20 million shares of Herbalife for over $1bn, is understood to have notched a $200m-plus paper profit on the trade till date. […]
Ex-Morgan Stanley manager launches Japanese equity hedge fund
(Reuters) – A former fund manager at Morgan Stanley Asset and Investment Management launched a Japanese equity long-short hedge fund on Monday, betting on interest from overseas investors after a recent surge in Tokyo stocks. Tsukasa Shimoda, the founder and […]
All Hedge Funds May Not Be Bad — Here’s How to Suss Yours Out
Forbes – There’s a public debate raging about the pros and cons of hedge funds—not any individual hedge fund, mind you, but rather hedge funds in general. There’s been plenty of skeptical talk in my circles. As a whole, the […]
Cyprus banks to reopen with emergency restrictions on cash withdrawals
Guardian – Cyprus has made eurozone history by imposing swingeing measures to stop money flooding out of the country when its banks reopen after a 12-day hiatus on Thursday. After repeatedly delaying the reopening of the banking system, officials said banks […]
Deutsche Bank Proprietary Traders Said to Find Jobs at Funds
Bloomberg – At least two Deutsche Bank AG (DBK) debt traders left for hedge funds after the bank closed a proprietary-trading group last month to cut costs and prepare for post-crisis regulations. John Roach, a mortgage-debt trader, will join BlueCrest Capital Management […]
Increase of 38% in Hong Kong’s hedge fund assets since 2010
Opalesque – The “Report of the Survey on Hedge Fund Activities of SFC-licensed Managers/Advisers” shows that hedge fund assets under management (AUM) in Hong Kong increased 38% from the time of the last survey in September 2010 to US$87.1 billion […]
Ex-Morgan Stanley Manager to Start Japan Stocks Hedge Fund
Bloomberg – Tsukasa Shimoda, a former fund manager at Morgan Stanley Asset & Investment Trust Management Co., will start a Japan-focused hedge fund amid increased appetite for the world’s second-largest equity market. The UMJ Galleyla Fund will start on April […]
Hedge Fund Titan Buys Hamptons Property for $60 Million
DealBook – Steven A. Cohen is known for his rapid-fire trading style, moving in and out of stocks with dizzying speed at his hedge fund SAC Capital Advisors. He seems to be taking a similar approach to his real estate. […]
Natixis Global Asset Management Launches Aurora Horizons Fund
Natixis Global Asset Management (NGAM) announced today the launch of the Aurora Horizons Fund (AHFAX), which is a multi-strategy mutual fund dynamically allocated across multiple hedge fund managers. The fund may help investors achieve additional risk diversification within a traditional […]
Ex-exec at technology company, hedge fund analyst charged in NY in $27M insider trading scam
Washington Post – The former chief information officer for a technology company and an analyst were arrested Tuesday in California in a $27 million insider trading case brought in New York, where a prosecutor said the case illustrates that the […]
Amendment paves way for AIFMD compliance
CayCompass – To facilitate the marketing of Cayman hedge funds in the European Union, the Cayman Islands government has passed an amendment that allows the jurisdiction’s regulator to enter into memoranda of understanding with its EU counterparts, using a model […]
Hess CEO warns of hedge fund plans to dismantle company
NJ Times – Hess Corp., the New York-based oil company, said shareholder Paul Singer’s Elliott Management Corp. is proposing to pay its board nominees fees to liquidate the company. “Under this highly unusual scheme, Elliott would control its directors by […]