Category Archives: Syndicated
Man and machine suffer in tough May for hedge funds
Money Control – Hedge funds run by computers and star managers alike were hit by May’s choppy markets, as many funds were unable to recoup the heavy losses suffered in the commodities sell-off at the start of the month. Computer-driven […]
At trial, ex-manager details SAC insider trades
Reuters – A former portfolio manager at billionaire Steven Cohen’s hedge fund said he engaged in insider trading “a number of times” at that firm and one other, as he testified at the trial of a technology consultant. Noah Freeman, […]
Michael Lipper: how I measure hedge funds’ shadows
CityWire – One of the ways that I try to give back to a society that has been very good to me and to my family is to volunteer at six non-profits. Often I sit on or chair investment and/or […]
Emerging market hedge fund assets at record $121 bln – HFR
Reuters – Assets managed by hedge funds betting on emerging markets rose to more than $121 billion in the first quarter of 2011, toppling the previous record of $117 billion set in 2007, according to data released by industry tracker […]
Billionaire Leon Cooperman Keeps Fighting With Controversial Hedge Fund Manager
Forbes – A fund of hedge funds connected to billionaire investor Leon Cooperman has sued embattled hedge fund manager Stephen Hicks for fraud, seeking $5 million in damages related to a bitter three-year battle over an investment redemption. Pine Street […]
Insider Trial Opens With Focus on Expert Networks
DealBook – As a consultant for an expert network, Winifred Jiau stood at the nexus of a scheme to leak the valuable secrets of companies to hedge funds for a sizable profit, a federal prosecutor said Thursday during opening statements […]
Asian hedge funds hit hard in May
Reuters – Asian hedge funds may have lost up to two-thirds of their year-to-date gains in May alone, with strategies such as macro and CTA, which bet on long-running market trends, hit hardest, said Matt Pecot, head of Credit Suisse’s […]
Cohen’s SAC said to receive $250 million in net deposits in 2011
Stamford Advocate – Investors have put $250 million into the main hedge fund of Steve Cohen’s SAC Capital Management LLC this year, even as prosecutors investigate accounts tied to two former portfolio managers who pleaded guilty to insider trading, according to two people […]
Asia Rising Attracts Hedge Funds From Algebris to Soros Betting on Revival
Bloomberg – When a magnitude-9 earthquake struck Japan on March 11, Ivan Vatchkov, who moved to Singapore from London last year to run the Asian assets of Algebris Investments LLP, adjusted the hedge fund’s bets within minutes. “There have been a number […]
Jiau Jury to Hear Opening Statements in Expert Networker’s Trial
BusinessWeek – Prosecutors and lawyers for Winifred Jiau, an ex-Primary Global Research LLC consultant accused of passing nonpublic information to hedge fund managers, will present their opening arguments to jurors today, a judge said. Jiau is charged in a five-count […]
Relativity Media to Spin Off Universal Film Fund to Elliott
Bloomberg – Relativity Media LLC agreed to spin off the film-finance fund it set up for Universal Pictures and hand the operation over to Elliott Management Corp. Elliott, the New York-based hedge fund, in turn agreed to invest additional capital in […]
HK court to rule on Tiger hedge fund trading ban within 2 weeks
Reuters – Hong Kong’s high court said on Thursday it will rule within two weeks whether the market regulator is allowed to ban New York-based hedge fund Tiger Asia from trading in the territory and freeze money it says are […]