Category Archives: Syndicated
Madoff’s Legacy Forces Kiwi Hedge Fund Pure Capital to London
Business Week – Pure Capital Ltd., the New Zealand hedge fund led by Anthony Limbrick, will move its base to London to be closer to clients as the legacy of Bernard Madoff’s ponzi scheme makes it tougher to convince investors […]
Hedge Funds, Facing More Oversight, Say Industry Creates Jobs
Bloomberg – Hedge funds are touting their record of creating jobs after politicians demanded increased regulation of the industry and restrictions on bonus payments. Hedge funds have 100,000 staff globally and lead to the employment of an additional 200,000 people […]
Early View: Dow Jones Credit Suisse Hedge Fund Index Estimated Down 0.28% in November
Early estimates indicate the Dow Jones Credit Suisse Hedge Fund Index (“Broad Index”) pulled back in November, posting slightly negative performance of -0.28% for the month (based on 79% of assets in the index reporting). Key highlights for the month: […]
Russell Abrams’ Hedge Fund Accused of Fraud Amid Losses of 70%
Forbes – Russell Abrams, founder of New York hedge fund firm Titan Capital Group, which not so long ago reportedly managed $400 million, is having a terrible year. One of his main hedge funds has suffered losses of as much […]
BH Credit Raises $160M For First Listed Hedge Fund Since ’08
Dow Jones – BH Credit Catalysts Ltd. on Thursday said it raised $160 million on the London Stock Exchange for the first hedge fund vehicle to be listed in Europe since the financial crisis. The result, while respectable in difficult […]
Investors to sue Everest hedge fund
MSN – Former Babcock and Brown-backed hedge fund Everest Financial Group is being sued by two Sydney businessmen for what they say is a breach of guarantee and misleading and deceptive conduct in relation to two investment schemes in which […]
FBI Targets SAC Employee in Hedge Fund Probe
New York Observer – Today’s Wall Street Journal reveals a new figure in the Great Hedge Fund Reckoning. His name is Michael Steinberg, and he’s the first current employee of Steve Cohen’s SAC Capital to be named in connection with […]
Hedge Funds Return 0.6% in November, Beating Stocks as Japan Managers Lead
Bloomberg – Hedge funds rose 0.6 percent in November, led by Japanese managers, and outperformed global equity markets that fell during the month, Eurekahedge Pte said. Hedge funds posted positive returns for the fifth consecutive month, with the Eurekahedge Hedge Fund […]
Both Of These Hedge Fund Managers Want To Buy The Phoenix Coyotes
Business Insider – Keith McCullough spoke many times last year about his interest in buying the Phoenix Coyotes. Last we heard, the hedge fund manager (of Falconhedge) turned entrepreneur had bid for the team, but never completed a purchase. Read […]
University of Louisville adds to hedge funds
HFM Week – The $637.8m University of Louisville Foundation has allocated an additional $25m to its hedge fund portfolio, HFMWeek has learned. The foundation, founded in 1970 to oversee funds donated to the University of Louisville, approved the increase at […]
Paulson’s flagship fund inches up, gold fund shines in November
Reuters – Billionaire hedge fund manager John Paulson posted small gains in November that kept his flagship Advantage Plus fund in the black for the year, but the portfolio is still trailing other funds. Paulson & Co’s Advantage Plus was […]
Pizza and a Cause at a Hedge Fund Party
DealBook – The sounds of Michael Jackson pulsated through the underground bar at the Covet Lounge in Midtown Manhattan on Monday evening for the 2010 Hedge Fund Jingle Ball. Some hedge fund colleagues clutched cocktails, while others sipped beer or […]