Category Archives: Syndicated
Proposed Actelion board members
Reuters – Actelion, Europe’s largest biotech company, squares up to hedge fund Elliott Advisors at its annual general meeting on Thursday and hopes shareholders will back board candidates it has proposed. New York-based fund Elliott, which is urging Actelion to […]
Maya Fund: A Bodybuilder’s Brainy Hedge Fund
BusinessWeek – Sonia Schulenburg is trying to prove that artificial intelligence can outdo the human kind when it comes to picking stocks. Born and educated in Mexico City, she moved to Edinburgh, where she competed as a bodybuilder while earning […]
Klarman’s Baupost to Set Up in London to Cash In on European Debt Crisis
Bloomberg – Baupost Group LLC, a $24 billion Boston-based hedge fund run by Seth Klarman, will open its first overseas office in London, two people with knowledge of the plans said. Jim Mooney, a managing director at Baupost, will oversee the operation […]
Nat Rothschild tops UK hedge fund rich list
Reuters – Financier Nat Rothschild, scion of one of the world’s most famous banking dynasties, has topped a table of Britain’s wealthiest hedge fund managers after tripling his fortune in 2010, the Sunday Times Rich List shows. The mining and […]
Rajaratnam Jury Hears Wiretaps Again as New Member Joins for Deliberations
Bloomberg – Jurors in the insider-trading trial of Raj Rajaratnam reheard recordings of wiretapped conversations played for them last week after restarting deliberations following the replacement of one member of the panel. With an alternate seated on the panel after […]
Gold prices slide after mega-rich Soros offloads his large holding
Irish Independent – Gold prices retreated yesterday after mega-rich currency speculator George Soros sold the precious metal. The multi-billionaire hedge fund manager sold his large holding in gold as the price spiked to $1,550 an ounce. Mr Soros’s liquidation could well mark the […]
Diggle Starts New Volatility Hedge Fund Two Months After Shutting Artradis
Bloomberg – Stephen Diggle, the Singapore-based hedge fund manager who made $2.7 billion for investors as markets see-sawed in 2007 and 2008, started a new hedge fund that places wagers on price swings, two months after liquidating Artradis Fund Management […]
Wall Street traders mine tweets to gain a trading edge
USA Today – #Tweet this: To gain a trading edge, Wall Street traders are now using clever computer programs to monitor and decode the words, opinions, rants and even keyboard-generated smiley faces posted on social-media sites like Twitter.com. “We are in […]
Quiet Proxy Season Means Fewer Fights in the Boardroom
New York Times – Shareholder activism intended to spur change in the boardroom is down significantly so far this year. At the same time, activism by hedge funds to oppose takeover transactions is rising. It appears that hedge funds prefer […]
Advanced Capital invests into Pan Asian distressed asset specialist
International Business Times – Advanced Capital, the leading European alternative investment specialist, headed up by innovative financier Robert Tomei, and award winning European hedge fund incubator, IMQubator, has announced a €50million joint seed investment into the new mCapital European & […]
IT Insider: The best small cap hedge funds
CityWire – When I was looking at hedge funds last week, BlackRock Hedge Selector UK Emerging Companies, managed by Richard Plackett and Ralph Cox, stood out as one of the best performing listed offerings. The team at BlackRock, which also […]
Nexar Capital Buys Fund of Funds Unit Ermitage From Caledonia
Bloomberg – Nexar Capital Group, a Paris-based firm that invests client money in hedge funds, agreed to buy Ermitage Ltd. from Caledonia Investments Plc for an undisclosed price. The acquisition of London-based Ermitage, a fund of hedge funds that customizes investment […]