Category Archives: Syndicated
Ex-Nomura trader assembles team for hedge fund launch
FN – The former global head of liquid markets proprietary trading at Nomura has set up a new hedge fund firm, LindenGrove Capital, and is preparing to launch a fund before the year is out. Borut Miklavcic has set up […]
Hedge funds back off banks as mutual funds dip in
Reuters – Hedge funds who have tried to make money out of European banks during the euro debt crisis are becoming frustrated with the sector””s erratic movements just as some bigger, and more patient, institutions are dipping tentatively back in. […]
Wall Street Scams Get Personal in Richard Gere’s ‘Arbitrage’
Reuters – In the new film drama “Arbitrage,” Richard Gere brings shady Wall Street dealings to the big screen as a hedge fund titan trying to cover up huge losses from a risky copper investment. The scheming recalls real-life scandals […]
US and English courts differ over broker-dealer bankruptcy on out-of-the-money swap
Hedge Funds Review – Hedge funds should keep in mind differences in US and English regimes when structuring swap transactions and the disparate results possible under law if a broker-dealer swap counterparty is insolvent. Hedge funds rely on broker-dealers to provide […]
Why Hedge Funds Love News Corp.
Daily Finance – Value and growth investors often invoke the “invest in what you know” mantra. It’s a very shortsighted strategy that could put you into absolutely terrible companies, but it certainly has its merits as well. One interesting thing […]
Hedge funds see further profit from Glencore-Xstrata
Reuters – Hedge funds are betting that commodities trader Glencore will succeed in its battle for miner Xstrata, in a long-running deal that has been profitable for arbitrageurs and is still attracting funds looking to make money. Arbs, hungry for […]
Institutional investors turn to hedge fund managers for strategy, macro advice
Pensions & Investments – Hedge fund managers are becoming trusted advisers to their clients, adding the role of portfolio consultant to their investment duties for large and small investors. Institutional investors the world over are looking to the hedge fund industry for […]
South African Hedge Fund Rules Proposed by National Treasury
Bloomberg – South Africa’s treasury and the Financial Services Board have proposed hedge fund regulations aimed at protecting investors and promoting financial stability. So-called restricted hedge funds, which are limited to qualified investors, and retail hedge funds “will be subject […]
Rich-Poor Gap Widens to Most Since 1967 as Income Falls
Bloomberg – The U.S. Census Bureau figures released yesterday underscored the struggles of American families in a sputtering economic recovery. The report also showed the income gapbetween rich and poor people grew to the widest in more than 40 years in 2011 as […]
British Ponzi Victim Payouts Lost on Fish, Ferraris
The Guardian – Police searched Kevin Foster’s home in 2004, looking for signs of a criminal lifestyle — fast cars or piles of cash. What they found, at the end of a narrow country lane in rural England, was a private zoo […]
Hedge fund launches fall to six-quarter low
Pensions & Investments – Hedge fund launches in the second quarter declined 19% to 245, the lowest level of quarterly fund creation since the fourth quarter of 2010, according to new data released Thursday by Hedge Fund Research, an index creator and […]
Prosecution to open case against former UBS trader Kweku Adoboli
The Guardian – The prosecution in the trial of a City banker accused of gambling away £1.4bn is due to open on Friday. Kweku Adoboli, 32, will appear at Southwark crown court to face two counts of fraud and two of […]