Category Archives: Syndicated
Blackstone-Backed Senrigan Hedge Fund Said to Lose 15% in 1H
Bloomberg: Senrigan Capital Group Ltd., an Asia-focused event-driven fund backed by Blackstone Group LP (BX), lost almost 15 percent in the first six months of this year, according to a performance estimate sent to investors. Senrigan Master Fund’s net-asset value […]
Woman Around Town: Hedge Fund Manager Susan Solovay
Susan Solovay founded Pomegranate Capital in 2008 to invest in women-owned hedge funds. It’s quite a story, and while she shuttered the fund in 2009 in the wake of the ongoing Great Recession, she’s gone on to help entrepreneurs, both […]
Brevan Howard Starts U.S. Investment Firm With $300 Million
Bloomberg – Brevan Howard Asset Management LLP, Europe’s second-largest hedge fund, has opened a U.S. investment firm that will start trading in August with an estimated $300 million. Brevan Howard U.S. Investment Management LP was set up in New York […]
Private Hedge Fund “Alpha” Surveys Allow Wealthy Clients to Profit From “Insider” Views
CorpWatch – BlackRock, Marshall Wace, and Two Sigma Investments – three major hedge funds – have been conducting regular private surveys of brokers for wealthy clients. The practice – often called “alpha capture” – has raised red flags because of […]
Prosecutor Bharara Tells Hedge Funds Cases Build Trust
Bloomberg – Preet Bharara, the top federal prosecutor in Manhattan whose office has sent inside traders and terrorists to prison, told attendees at a hedge fund conference that prosecutions foster confidence in the market. “If you have open and aggressive […]
New Asia hedge funds raise $2 bln in H1 2012
Reuters – New Asian hedge funds raised $2 billion in the first half of the year, an increase of 50 percent over the capital they raised in the previous six months, a survey released on Thursday by industry tracker AsiaHedge […]
US dollar is preferred safe haven currency for hedge fund managers, according to poll results
Hedge Funds Review – Hedge funds and institutional investors place the US at the top of the list of safe haven currencies. The yen, only a few years ago considered one of the safest currencies, is the least attractive. The US […]
Traxis to Liquidate Biggs’s Hedge Fund Into Another Pool
BusinessWeek: Traxis Partners LP, the $1.2 billion hedge fund started by Barton Biggs, told clients it will liquidate a vehicle he managed and transfer the assets to another pool following his death over the weekend. The Traxis Global Equity Macro […]
Opinion: 4 reasons the hedge fund industry is dead
Marketwatch Blog: The era of multi-billion dollar hedge funds, with their “2 and 20” fee structures, high portfolio, and employee turnover, looking no farther ahead than this year’s bonus, is over. The Economist came out with a piece last week […]
Hell Hath No Fury Like a RICO Action: Racketeering Charges Filed in Hedge Fund Divorce
http://observer.com – How angry an ex would you have to be to file racketeering charges against your spouse? That’s a question Elizabeth Bingham-Perry could answer. The Scarsdale resident filed a civil RICO action against her husband Jeffrey Perry in the […]
ThinkStrategy’s Kapur Indicted by U.S. for Securities Fraud
Bloomberg – ThinkStrategy Capital Management LLC’s Chetan Kapur was accused by the U.S. of deceiving investors into buying shares in his hedge funds in a scheme that lasted from 2002 to 2010. Kapur, ThinkStrategy’s sole managing director, was charged with […]
‘King of Tokyo’ dethroned by insider trading probe
CNBC – Edward Brogan was Japan’s highest-profile hedge fund manager until he suddenly dropped out of view this month. Dubbed the “King of Tokyo” by traders, the 53-year-old American seemed to have it all: wealth, professional acclaim and status as […]