Category Archives: Syndicated
Goldman Sachs whistleblower threatened with the sack
Guardian – A solicitor at HM Revenue & Customs who turned whistleblower to disclose that senior managers had quietly let off Goldman Sachs from paying millions of pounds in tax penalties is facing disciplinary procedures and possible prosecution for speaking out. Osita […]
Audio: Dr Stu talks about the Naked Short Club and hedge funds
Hedge Funds Review – Enigmatic presenter and host of the Naked Short Club Dr Stu talks about how the programme has helped demystify the hedge fund industry through an eclectic mix of talk, music and poetry. The Naked Short Club began […]
Hedge Funds Ponder Buy vs. Build
Traders Magazine – Hedge funds now have a wide spectrum of technology offerings from service providers, but when technology can mean the difference between success and failure, how do they decide what to outsource and what they need to build […]
SEC closes Fairfax probe on hedge funds: sources
Reuters – U.S. securities regulators are closing a long-running investigation into allegations that two well-known hedge funds conspired to spread negative information about Toronto insurer Fairfax Financial, two people familiar with the inquiry said. The Securities and Exchange Commission recently […]
Funds of hedge funds need to adapt to stay relevant, says chief of Permal
Hedge Funds Review – Permal is taking an activist approach to the fund of hedge funds business, creating more opportunities and ways to work with institutional investors. Customisation is the name of the game. Isaac Souede, CEO and chairman of fund […]
Global macro hedge fund returns fail to impress
Reuters – Some of the hedge fund industry’s best-known “macro” hedge fund managers — celebrated for shrewd bets on global economic events — are struggling this year to generate returns befitting their star status. In a 2011 littered with market-moving […]
Hedge funds scupper Nine refinancing plan
Sydney Morning Herald – Nine Entertainment, which operates Channel Nine and is owned by CVC Asia Pacific, has dropped a proposal asking senior lenders to extend the maturity of a $2.8 billion loan to 2015, according to sources. CVC, a […]
Hedge Funds Liquidations Increase in Third Quarter, Report Says
Bloomberg – Hedge funds went out of business at the fastest pace in more than a year in the third quarter, hurt by the market volatility triggered by the European sovereign debt crisis, according to a report. The number of funds […]
65% of hiring managers plan to add IT staff in 2012
Network World – Demand for tech professionals is expected to grow in 2012, according to new data from Dice.com. The IT jobs site surveyed 1,200 IT hiring managers and recruiters in November, and 65% said their companies or clients plan […]
Citigroup Plans to Cut 4,500 Jobs
Bloomberg – Citigroup Inc. Chief Executive Officer Vikram Pandit said the bank will cut about 4,500 jobs in coming quarters as he seeks to trim costs amid slumping revenue. Citigroup will take a charge of about $400 million in the […]
Transport for London pension considers hedge fund increase
HFM Week – The Transport for London (TfL) pension fund, which manages about $9.4bn, is looking to allocate up to $545m to hedge funds, HFMWeek can exclusively reveal. The fund, which currently has a 10% hedge fund allocation, will be […]
Hedge Funds Fell 1% in November, Beating Global Stocks Hit by Euro Crisis
Bloomberg – Hedge funds fell 1 percent in November as global stock markets slumped because of growing concern that the European sovereign-debt crisis would spread. The Bloomberg aggregate hedge-fund index dropped to 116.03 from 117.22 in October, bringing this year’s loss […]