Category Archives: Syndicated
Financial News: Hedge Funds Take Bullish Approach
WSJ – Equity hedge fund managers have taken their most bullish stance in more than three years in the run-up to the end of the decade, defying fears of a fall in markets. Long/short equity funds were about 45% net […]
House to Raise Taxes on Fund Managers
WSJ – The House is likely to vote to extend a package of tax breaks this week, but elements of the plan — including higher taxes on investment-fund managers — are likely to prove controversial, and the Senate could substantially […]
Ex-SAC, Pequot managers to launch hedge fund firm
Reuters – Two hedge fund veterans who worked at SAC Capital Advisors, LP and Pequot Capital Management, long considered among the industry’s most successful, are launching their own firm next month, people familiar with the matter said on Monday. Larry […]
TNT Rises on Hedge Fund Stake, Break-up Speculation
Bloomberg – TNT NV, Europe’s second-biggest express-delivery company, rose to the highest level in 14 months in Amsterdam trading after two investors disclosed their stakes, fueling speculation of a break-up of the company. Barry Rosenstein, who runs New York-based hedge […]
NY fund manager to admit to fraud-court records
Reuters – A New York hedge fund manager indicted in April on charges of defrauding investors out of $150 million appears set to plead guilty on Friday, court records show. James Nicholson, 43, previously pleaded not guilty to an indictment […]
Banyon Hedge Fund Lost $775 Million Invested With Rothstein
Bloomberg – Banyon Investments LLC, a hedge fund in Fort Lauderdale, Florida, invested $775 million in the alleged $1.2 billion Ponzi scheme run by Scott Rothstein, bankruptcy court records show. Banyon’s investments make it the largest creditor of Rothstein’s defunct […]
U.S. bank bailout estimate cut by $200 billion
Reuters – The projected long-term cost of the U.S. government’s bailout of the nation’s big banks is going to be at least $200 billion less than previously thought, a Treasury Department official said on Sunday night. The Obama administration had […]
Absolute Return: Preparing for an Uncertain 2010
Business Week – It’s a sign of the times that even after a 65% runup in the Standard & Poor’s 500-stock index over the past nine months, investors still feel nervous about what 2010 may have in store for them. […]
Asian Sovereign Funds Learn Tough Lessons
WSJ – The financial crisis taught most of the investing world a lesson about managing risk. Asia’s sovereign-wealth funds appear to be taking some lessons from bad investments to heart. After the initial embarrassment of heavy losses on investments in […]
Brevan Howard Said to Restrict Investor Inflows to Three Funds
Bloomberg – Brevan Howard Asset Management LLP, Europe’s largest hedge-fund firm, limited the flow of money into three funds as client assets approached last year’s high, according to people familiar with matter. The firm closed its $2 billion Asia Fund […]
Hedge Funds’ Scholarly Investments
NYT – Their company names were conspicuously absent from their nametags, but that is how these hedge fund managers and analysts — members of a field known for secrecy — preferred it. They filled the party space at the W […]
SAC Capital grows in Asia with Singapore office
Reuters – S.A.C. Capital Advisors, one of the world’s biggest and most successful hedge fund firms, is expanding its Asian operations by opening a new office in Singapore amid strong industry investment returns across the region. Two portfolio managers will […]