Category Archives: Syndicated
UBS says new ETF gives liquid access to hedge funds
Reuters – Switzerland’s UBS said on Friday it had launched an investment product that will give investors access to a broad basket of hedge funds in a single, listed investment. UBS, Europe’s largest wealth manager by assets, teamed up with Chicago-based […]
Hedge fund cases point to a maze of alleged insider trading
LA Times – The probes grew out of a 25-person hedge-fund task force created by the Securities and Exchange Commission in 2007, which developed a computer program to analyze stock market movements and identify not only suspicious trading but also […]
San Jose City Council selects financial experts for pension boards
Mercury News – San Jose Mayor Chuck Reed’s longtime goal to appoint outside finance experts to the two boards that oversee city pension funds was mostly completed Thursday after the City Council named seven candidates to open seats. The six […]
Stock Picker Vinik Turns to Index Funds After Beating Market
SF Gate – Jeffrey N. Vinik, the hedge-fund manager whose stock selections have beaten markets for the better part of two decades, has invested almost half of his U.S. equity portfolio in passive index funds. Of the $3.39 billion in […]
London Investment Firm to Launch Twitter-Based Hedge Fund
Mashable – A London-based investment firm is getting ready to launch a hedge fund using Twitter as a stock market predictor. Investors have been playing with the idea of Twitter as a stock market analysis and speculation tool for some time […]
FrontPoint Fires Health Care Team
DealBook – FrontPoint Partners, a hedge fund firm hit with $3 billion worth of redemptions — fired its 12-person health care team in the weeks after the group was ensnared by an insider trading case in early November, according to […]
AlphaMetrix buys hedge fund administrator
Pensions & Investments – Terms were not disclosed for the all-cash transaction that was announced Tuesday said an AlphaMetrix spokesman who asked not to be named. The deal closed Dec. 10. AlphaMetrix will integrate Spectrum’s operations into its own to […]
Goldman Sachs hits back at accusations over Bear Stearns
City AM – Goldman Sachs has hit back at allegations that its actions caused the collapse of two key mortgage hedge funds in 2007 at the onset of the financial crisis. In letters now published, Goldman told the US agency […]
Hedge Fund Industry on Notice as Law Enforcement Tapes Phone Calls
WNYC News – Since last year, wiretaps have helped the U.S. Attorney for the Southern District of New York obtain 24 arrests and 14 guilty pleas in insider trading cases. Last month, a judge ruled recorded phone calls may be […]
Paulson launches Ucits fund on Deutsche Bank Luxembourg platform
Hedge Funds Review – Deutsche Bank and Paulson & Co have launched a Ucits-compliant version of the flagship Advantage fund, DB Platinum IV Paulson Global Fund. It is available on Deutsche Bank’s Platinum platform. The Ucits fund is linked to […]
Distressed Asset Firms Offer to Buy Out Madoff Victims
New York Observer – Following the climax of Madoff trustee Irving Picard’s lawsuit frenzy, The New York Timesreports that hedge funds and other investors in distressed assets are offering Madoff victims cash up front in exchange for the chance to reap […]
Hedge Funds Gain as Arctic Weather Boosts Nordic Power: Energy Markets
Bloomberg – Arctic weather, water shortages and halted reactors drove Nordic power prices to the biggest monthly gain in three years, boosting profits at hedge funds investing in European energy markets. Electricity across four Nordic countries for next quarter jumped […]