Category Archives: Syndicated
One-third of Nordic investors to increase hedge fund exposures
Global Pensions – Nordic investors are continuing to show optimism in hedge funds with nearly a third planning to increase their exposure this year to strategies like global macro, event driven and long/short funds, a new report shows. The SEB […]
Cohen’s SAC Capital Takes Position In Gold ETF; Bulks Up On Apple
Barron’s – Hedgie Steven Cohen’s SAC Capital Advisors has disclosed in SEC filings that it has opened a new position in options on the SPDR Gold Trust (GLD). The investment means one of the industry’s biggies has made a bet […]
Warren Buffett: Stop Coddling the Super-Rich
NYT – Our leaders have asked for “shared sacrifice.” But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting. They, too, were left untouched. While the poor and […]
UK Hedge funds banned for flagrant deception
Telegraph – Michiel Visser and Oluwole Modupe Fagbulu, who ran Mercurius Capital Management, were fined £2m and £100,000 respectively and banned from working in regulated financial firms. The financiers managed €35m for 20 investors between June 2006 and January 2008 […]
Paulson’s 10 Best New Investment Ideas
TheStreet – Paulson & Co. founder John Paulson has endured a tumultuous year as his hedge fund has fallen more than 30%. The billionaire investor is seeking to rebound with new investments in companies including News Corp. and Mosaic. After […]
Citadel eager to sell i-bank unit, funds soar
Reuters – Hedge fund firm Citadel appears to be one of the industry’s few big winners during the market sell-off as it delivered strong returns and moved to shed non-core operations. Chicago-based Citadel’s two main funds were up 14 percent […]
Fake Hedge Fund Operator Gets 5 Years
Bloomberg – Benjamin Koifman, who pleaded guilty to conspiracy for his role in a scheme to cheat investors with a phony New York-based hedge fund, was sentenced to five years and three months in prison. Koifman and William Shternfeld ran […]
Louisiana pension funds may rue quick hedge fund deal
NOLA – Standing before the trustees of one of the state’s largest pension systems, Joe Meals began his pitch with an apology. Meals, the executive vice president and senior consultant of the Nashville firm Consulting Services Group, offered a new […]
Movers & Shakers: Sebastian Mallaby talks about hedge funds
Crain’s – The urge to close down a fund is always there because hedge funds are a high-stress occupation, and the moguls you mentioned have plenty of their own money. But leaving the business is hard. Soros tried to shut […]
Omega Hedge Fund Dumps Bank Stocks
TheStreet – Hedge fund manager Leon Cooperman is proving to be as prescient as David Tepper by dumping positions in bank stocks like Bank of America and Citigroup during the second quarter. Cooperman’s Omega Advisors, based in New York, reported […]
Enron Billionaire Bankrolls California Advocate for Public Pension Changes
Bloomberg – John D. Arnold, a former Enron Corp. trader in Texas who became a billionaire by buying and selling natural gas, is bankrolling a group supporting changes to limit California’s pension-fund obligations. Arnold, who formed hedge fund Centaurus Advisors LLC […]
Europe curbs short-selling in financial stocks; move questioned
Reuters – A ban on short-selling financial stocks in four European countries including France takes effect on Friday, a coordinated attempt to restore confidence in markets hit by rumours and higher borrowing costs. France, Italy, Spain and Belgium imposed the ban, which […]