Category Archives: Syndicated
A Hedge Fund Has Physically Seized This Ship From Argentina’s Navy
Business Insider – The above ship is the ARA Libertad, a training ship owned by the Argentine navy. And now it’s been seized. By a hedge fund. While it was docked in Ghana. Why? Because Argentina is in a long legal […]
BlackRock Leads Firms Poised to Win From Hedge Fund Ads
Bloomberg – The firms most likely to benefit first from new rules that would allow hedge funds to conduct wide advertising campaigns aren’t hedge funds. BlackRock Inc., the world’s largest money manager, offers alternative investments and supports the change. So […]
SEC charges hedge fund managers with defrauding investors
Futures Magazine – The Securities and Exchange Commission today separately charged a pair of hedge fund managers and their firms with lying to investors about how they were handling the money invested in their respective hedge funds. The charges are […]
Ex-SAC Capital Manager Tells FBI Fund Used Insider Data
Bloomberg – A former SAC Capital Advisors LP portfolio manager told the FBI it was “understood” that those assigned to give their best trading ideas to founder Steven A. Cohen would provide him with insider information, according to an agent’s […]
Judge Flips Out On Hedge Fund Manager Accused Of Pretending To Own Facebook Shares
Business Insider – He allegedly lied to investors about owning shares in some hot tech companies, missed his flight and delayed his hearing. He even caused mass confusion once he made it to court, but a judge still wasn’t ready to […]
Carlyle Buys Hedge Fund Vermillion in Commodities Expansion
Businessweek – Carlyle Group LP (CG), the second-largest buyout firm, bought commodities hedge-fund manager Vermillion Asset Management LLC, adding $2.2 billion in commodities assets as the firm expands beyond private equity. Carlyle purchased 55 percent of Vermillion for a mix of […]
CFTC Registration Adds Additional Regulatory Layer for Hedge Funds
Earlier in the year, the Commodities Futures Trading Commission (CFTC) repealed a key exemption from registration that a majority of hedge fund advisers had relied on. Set to expire at the end of the year, hedge funds are now gearing […]
Top Hedge Fund Consultants Like Small Managers, Look Beyond Performance
Finalternatives – “Smaller managers are better managers,” said Samuel “Q” Belk of Cambridge Associates, the investment consultancy advising on institutional assets worth about $3 trillion. Speaking on a consultants panel during the recent FINforums Annual Hedge Fund Summit in New […]
JPMorgan CIO Leader Tse Said to Leave to Start Hedge Fund
Bloomberg – Irene Tse, the former Goldman Sachs Group Inc. (GS) partner hired by JPMorgan Chase & Co. (JPM)’s chief investment office to help manage the bank’s balance sheet while it boosted risk, is leaving to start a hedge fund. […]
Hedge Fund Returns Worsen: Is ‘Enormous Unraveling’ Near?
CNBC – The more stocks rise, the further behind hedge funds fall—with the industry now lagging market returns by double-digit percentage points. Though hedges actually have attracted more investor cash this year, the bulk has gone to bond funds and […]
Apple cash manager Braeburn: the ‘world’s biggest hedge fund’
CNET: Apple has a thing for being the biggest in the world. First, it was the biggest company, in terms of market capitalization. Now it’s also a hedge fund. Zero Hedge yesterday reported that little-heralded Apple subsidiary Braeburn Capital has […]
BofA to Pay $2.43 Billion to Settle Shareholder Lawsuit
Reuters – Bank of America Corp. agreed on Friday [Sept. 28] to pay $2.43 billion to settle a shareholder lawsuit over its 2008 buyout of Merrill Lynch in one of the largest-ever settlements of a securities fraud class action. The […]