Category Archives: Syndicated
SAC Capital to Try to Reassure Investors
DealBook – SAC Capital Advisors, the hedge fund giant hit with a new insider trading charge last week, plans to hold a conference call on Wednesday morning to reassure investors and allay concerns related to the latest case. Federal prosecutors […]
Why are hedge funds buying annuities?
Market Watch – Picture a scene from a future Oliver Stone movie. A high rise Wall Street office where a selected few master-of-the-universe hedge fund owners are sitting around drinking $500-a-glass single malt trying to figure out their next step […]
Greek debt deal turns hedge fund trade to gold
Reuters – For a few hedge funds, Greek debt is turning into one of the trades of the year. News that Athens – backed by euro zone ministers and the International Monetary Fund – will buy back some its own […]
Hedge Funds Badly Beaten by S&P 500 Performance
Advisor One – Low cost indexing might just have been vindicated in the starkest way possible. According to Goldman Sachs data, just 13% of hedge funds are outperforming the S&P 500, and a fifth of all hedge funds are actually in the […]
Meet Britain’s Richest Hedge Fund Managers
Value Walk – According to the latest list of UK’s richest hedge fund managers compiled by Sunday Times, Alan Howard, the founder of Brevan Howard Asset Management, is on the top spot with a comfortable margin. Howard’s net worth stands […]
Hedge fund to pay $2.5 billion for McGraw-Hill education unit
NJ – McGraw-Hill Cos. agreed to sell its education unit to Apollo Global Management LLC for $2.5 billion, taking Chief Executive Officer Harold “Terry” McGraw III one step closer to dismantling his family’s 124-year-old company. The transaction is expected to […]
Billionaire’s Hedge Fund Rebuffs NY Fed In Argentina Case: No Risk To $2.6T Payments System
Forbes – A hedge fund owned by billionaire Paul Singer disputed the New York Fed’s opinion that a court ruling in its battle against Argentina over the world’s largest sovereign debt default could disrupt its payments system and global bond markets. Sources close to the matter also […]
Cohen’s SAC Faces Client Querries as Investigators Circle
Bloomberg – SAC Capital Advisors LP is seeking to calm investor concern about founder Steven A. Cohen’s trading in two drug stocks and possible regulatory sanctions after prosecutors for the first time tied Cohen to a specific transaction at the […]
U.N. Court to Start Argentina Ship Case against Ghana Nov. 29
HedgeWorld – The United Nations’ maritime court in Hamburg said on Wednesday [Nov. 21] it will hold hearings on Nov. 29 and 30 into Argentina’s demands that Ghana free an Argentine naval ship stranded in the African country due to […]
FINRA Reignites Efforts to Oversee Investment Advisers
Reuters – Wall Street’s self-watchdog is banging the drum again about expanding its oversight beyond the brokerage industry, to the businesses of registered investment advisers. The Financial Industry Regulatory Authority, which has been lobbying for years to expand its reach, […]
BlackRock Sees Asian Demand in Illiquid Hedge-Fund Assets
Bloomberg – BlackRock Inc., the world’s largest asset manager, said there is rising demand from Asia-Pacific investors for less liquid hedge-fund investments as European and U.S. financial institutions clean up their balance sheets. More than half of the money BlackRock’s […]
Blackstone-backed Asia fund Senrigan’s partner leaves for own firm
ET – Kevin Kwong, a partner at Senrigan Capital, has left the Hong Kong-based hedge fund this month to start his own investment firm, sources with knowledge of the matter said, joining a growing number of spinouts from established companies this year. […]