Category Archives: Syndicated
A Hedge-Fund King Comes Under Siege
WSJ – Hedge-fund titan Kenneth Griffin lost $8 billion of his clients’ money last year. Now, he is trying to persuade investors to trust him with more. “We showed a level of human fallibility,” he told his staff at a […]
Nomos Capital’s Lowe Testifies He Never Hired Escorts, Hit Man
Bloomberg – Nomos Capital Partners Ltd. founder Mark Lowe said he didn’t take escorts on business trips and didn’t hire a hit-man to kill a former employee who is suing him for sexual discrimination. Lowe testified yesterday that he “took […]
U.K. Opposes EU Plan to Impose Pay Restrictions on Hedge Funds
Bloomberg – The U.K. government will oppose a European Union plan to impose the same pay restrictions on hedge-fund managers and private-equity firms that it proposed for bankers, the Treasury said. The EU last week added the pay rules to […]
Millennium’s Englander Examines Hedge Funds
NYT – Israel A. Englander is known for keeping a very low public profile, even for a billionaire hedge fund manager. But recently, the founder of Millennium Partners shared his views on the state of the hedge fund industry in […]
Lobbying Effort Backfires for Hedge Funds
The New York Times – The hedge fund industry has incurred a backlash by lobbying aggressively against proposed European Union rules and now faces possible pay curbs that were not envisaged in the original legislation. Attacks by some London-based hedge […]
Dynamic Hedge Fund Chairman Says Fraud Allegations ‘Unfounded’
Bloomberg – Alberto Micalizzi, founder of the hedge fund firm Dynamic Decisions Capital Management Ltd., said allegations that he invested in worthless bonds are unfounded and investors will recover close to 100 percent of their money. The firm’s main hedge […]
Hedge funds to play bigger role but worries remain
Reuters – Hedge funds will soon play a bigger role in portfolios, but investors still worry about getting their money back and understanding what a manager is doing, according to a new survey released on Monday. Nearly 60 percent of […]
Funds eye poor performer wheat in hunt for laggards
Reuters – Wheat has been the poor cousin of commodities this year, losing value as star performers such as copper, lead and sugar have flown, but the humble grain is now beginning to catch the eye of all-important investment funds. […]
Hinde’s Hedge Fund Advances 44% After Dumping Equities for Gold
Bloomberg – Hinde Capital Ltd.’s hedge fund gained 44 percent this year after selling its holdings in the biggest mining companies to buy gold. The Hinde Gold Fund made the switch in October 2008, having previously held equal weightings in […]
Hedge Funds Struggle
WSJ – The hedge-fund industry may be on track to deliver its best annual returns in years, but many managers still aren’t in a position to collect performance fees. Most hedge-fund fortunes were earned through the collection of performance fees, […]
Rajaratnam Arrest Jolts Sri Lanka’s Markets, Tsunami Survivors
Bloomberg – About 60 Muslim fishermen and their families congregated in a community hall on Sri Lanka’s east coast to pray for Raj Rajaratnam after he was arrested for alleged insider trading at his New York hedge fund. The billionaire […]
Korea Investment Corp: Near To Investing US$200M
WSJ – Korea Investment Corp., South Korea’s US$30 billion sovereign wealth fund, is close to investing US$200 million into two funds that invest in distressed real estate, Kyungoh Kook, director of KIC’s alternative investment team, said in an interview Thursday. […]