Category Archives: Syndicated
Hedge Funds Struggle Amid Manager Scandals
TheStreet – Some of the biggest victims of the Madoff scandals were investors who relied on vehicles known as funds of hedge funds. Hundreds of millions of dollars vanished from funds of funds run by Maxam Capital Management and Tremont […]
Schumacher, MacBain Start Low-Cost Hedge Fund, Globe Says
Bloomberg – Two of Canada’s bond market veterans are seeking to raise C$100 million ($94.4 million) for a hedge fund that will invest in debt securities while keeping fees below industry benchmarks, the Globe and Mail reported. John Schumacher, former […]
State releases details of hedge fund investments
AP – State investment managers are making partially good on a pledge to make public details of their almost $3 billion in hedge funds. The Juneau Empire, which filed a public records request for the information, says the disclosure includes […]
The SEC’s New Focus on Insider Trading by Hedge Funds
Hedge Fund Law Report – The Securities and Exchange Commission (SEC) has attempted to stop insider trading since its creation. Eliminating this misconduct has proven to be an elusive goal, as the Boesky scandal of the 1980s demonstrated. The growth […]
Citadel’s Kenneth Griffin pitches new funds to hardened investors
Chicago Business – Citadel Investment Group LLC CEO Kenneth Griffin is trying to convince hedge-fund investors he’s still got the magic touch. Mr. Griffin has been traveling the world in search of capital for two new Citadel funds, reminding potential […]
Banking veterans to offer fund with cut-rate fees
CTV News – Two of Canada’s most experienced bond market veterans are leaving behind careers in banking to open a hedge fund that they hope will shake up the industry by charging much lower fees. John Schumacher, former co-chief executive […]
Bear Options at Record as Wien Says Stocks to Rally
Bloomberg – Confidence in stocks is sinking to record lows in the options market even with the U.S. economy poised for its fastest growth in six years, a sign to Blackstone Group LP’s Byron Wien that it’s time to buy. […]
Corporate pension plan hedge fund allocations to slow
Hedge Funds Review – Sweeping changes to US pension fund rules will slow the rate at which corporate pensions plans increase their allocations to hedge funds. The Pension Protection Act of 2006 which became effective in 2008 includes some significant […]
Swiss firm launches Ucits III fund of hedge funds
CityWire – Harcourt Investment Consulting, a Swiss alternative investment specialist, has launched a Ucits III version of its Vonda fund of hedge fund. ‘We see an increasing demand for Ucits compliant products and this is the first Ucits III fund of […]
Hedge Fund Player Dumps Finance Job to Guide, Invest in Artists
Bloomberg – Hedge-fund investor James R. Hedges IV mingled with assorted Bronfmans, Gunds, Sacklers and several hundred other art-world notables at a fundraiser this week, munching the canapes at Manhattan’s Four Seasons Restaurant. The goal was $1 million to help […]
Financial services firm to create 250 jobs in NC
Bloomberg – A financial services company that works closely with hedge funds plans to create about 250 jobs in North Carolina over the next five years. State officials said Thursday that Citco Fund Services (USA) Inc. could qualify for some […]
Hedge-Fund Clients Withdrew $3.5 Billion in April, Report Says
BusinessWeek – Investors withdrew $3.5 billion from hedge funds in April, according to TrimTabs Investment Research and BarclayHedge estimates. Industry assets stood at $1.65 trillion globally, the highest level in 18 months, the companies said today in a statement. Hedge […]