Category Archives: Syndicated
Institutions drop funds of funds for direct hedge fund investments
Pensions & Investments – Institutional investors continue to increase their allocations to hedge funds, but their buying patterns are much different than they were just a year or two ago. Gone are the days when new hedge fund investors automatically […]
Hedge Fund Boxer Hall Says Gold to Extend Gains: Commodities
Bloomberg – Gold, platinum and Brent oil will lead gains in commodities as investors seek to protect their assets and shortages emerge, according to Tony Hall, the hedge- fund manager who earned 33 percent for his clients this year. Gold […]
Banks under new pressure as ‘rogue trader’ loses $2bn
Guardian – Staff were said to be stunned as Adoboli and his colleagues were regarded as “stars” by their colleagues and top management.ETFs are complex financial instruments that comprise a basket of investments intended to mimic a market’s movements. They […]
Admitted insider handed 18-month prison term
Reuters – A former account manager at a semiconductor company who pleaded guilty in the government’s campaign against insider trading was sentenced to 18 months in prison on Thursday. Manosha Karunatilaka, 37, had previously pleaded guilty in Manhattan federal court […]
Hedge funds must continue to defend against suit by Madoff trustee
Reuters – Two investment funds that allegedly received over $30 million from Bernard Madoff’s firm have lost their bid to overturn a New York bankruptcy court’s refusal to dismiss trustee Irving Picard’s avoidance suit. U.S. District Judge Kimba M. Wood […]
Regal Funds Targets Australia Mine Boom
Bloomberg – Regal Funds Management Pty Ltd., an Australian hedge fund manager with A$1 billion ($1.03 billion) in assets, has started a natural resources fund it forecasts will attract as much as A$200 million from investors betting on rising commodity […]
Equity based strategies hedge fund winners
Financial Standard – Regal was awarded Australian Hedge Fund of the Year at the annual Cure Our Kids Australian Hedge Fund Awards. Bennelong and Macquarie lost out on the top spot, with equity-based strategies dominating the talent field. Regal Tasman […]
Goldman Sachs shuts hedge fund after hefty losses
Sydney Morning Herald – Goldman Sachs is closing a well-known hedge fund that relies on computer-driven trading strategies after the portfolio rang up a hefty loss this year. Goldman told investors in the roughly $US1.6 billion ($1.55 billion) Global Alpha fund […]
Judge Says Hedge Funds May Have Used Inside Information
New York Times – There have long been whispers on Wall Street that hedge funds have hijacked the bankruptcy process, using their influence as debt holders to obtain and trade on insider information about when and how a company will […]
Goldman asset management CIO Domotorffy retires
Reuters – Katinka Domotorffy, the head of Goldman Sachs Group Inc’s quantitative investment strategies group, will leave the bank at the end of the year, according to an internal memo, as one of its biggest hedge funds continues to suffer […]
Cohen’s SAC Capital scores legal win over Fairfax
Reuters – Hedge fund titan Steven Cohen scored a legal victory when a New Jersey judge tossed out a long-running civil lawsuit filed against his SAC Capital Advisors by insurer Fairfax Financial Holdings. In court order signed on Sept. 12, […]
Super funds push for better hedge fund governance
Financial Standard – Four major super funds have joined forces to create a set of principles on how hedge fund managers should operate and manage risk – a move designed to improve investor confidence and stimulate more mandates into the asset […]