Category Archives: Syndicated
Rupert Murdoch faces down shareholders at News Corp’s AGM
Rupert Murdoch told shareholders they can take their money elsewhere if they do not like the way he runs News Corp as he sailed through his second meeting with investors since the hacking scandal tore through his media empire. At the […]
DiMaio’s Mead Park Creating Loan-Investing Venture With Doral
Bloomberg – Mead Park Holdings LLC, the hedge fund led by former Credit Suisse Group AG (CSGN) trader Jack DiMaio, is creating a partnership with Doral Financial Corp. (DRL) to invest in junk-grade loans. The hedge fund will take a 75.1 percent stake in […]
Ex-Goldman Trader Said to Post 30% Fund Gain
BusinessWeek – Josh Birnbaum, the former Goldman Sachs Group Inc. trader instrumental in the bank’s bet against the U.S subprime mortgage market in 2007, posted a 30 percent gain this year in his hedge fund, according to a person familiar with […]
Hedge funds shrug off Dodd-Frank
Salon – The Dodd-Frank bank reform act has always worked perfectly as prism for determining partisan alignment. Conservatives see it as burdensome over-regulation that will unfairly constrict the banking industry and slow overall economic growth. Liberals see it as a […]
Emerging market hedge funds stand out in mediocre year
Reuters – Fund managers that specialize in investing in emerging markets have achieved standout gains of nearly 8 percent in a year when the typical hedge fund has eked out returns of about 5 percent, recent data showed. Emerging market-focused […]
GLG Trio Sit on $220 Million Man Loss
CNBC – Three principals of hedge fund GLG Partners are sitting on a $220 million paper loss two years on from their firm’s acquisition by Man Group in the industry’s biggest merger. Monday will mark the first time that Pierre Lagrange, Emmanuel […]
Trial Date Set in U.S. SEC Case Against Goldman’s Tourre
Reuters – A federal judge on Thursday [Oct. 11] set a trial date for the only Goldman Sachs Group Inc. employee charged in the government’s civil fraud case over the bank’s Abacus subprime mortgage deal. Fabrice Tourre’s case is scheduled […]
Vornado Realty Trust: Simply A Hedge Fund In A REIT Wrapper
Seeking Alpha – In general, a hedge fund is defined as an investment fund that can undertake a wider range of investment and trading activities than other funds, but which is generally only open to certain types of investors. These […]
China’s Sovereign Fund Favors Big Hedge Fund Managers, Fan Says
BusinessWeek – China Investment Corp., the nation’s sovereign wealth fund, favors larger hedge funds when selecting external managers for investing its capital, said Hua Fan, head of fixed-income investment at CIC. CIC, which helps China manage the world’s largest foreign- […]
Shortlist for 11th European Fund of Hedge Funds Awards 2012 announced
Hedge Funds Review – The judges have decided the shortlist for the European Fund of Hedge Funds Awards 2012. Winners will be named on November 21 in London. Two awards honour outstanding contributions to the FoHF industry. The shortlist for the […]
Albourne gives ultimatum to hedge fund managers
Pensions & Investments – Albourne Partners Ltd. has drawn a wide line in the sand for hedge fund managers: Comply with global risk reporting standards or your fund will be dropped from the consultant’s approved list. That list currently totals […]
China private equity firm SAIF Partners foraying into hedge funds
Reuters – SAIF Partners plans to launch a Greater China hedge fund, according to marketing material obtained by Reuters, becoming the first major Chinese private equity firm to branch out into the hedge world. SAIF, one of China’s biggest homegrown private equity […]