Category Archives: Syndicated
JGB futures fall towards 6-mth low on supply worries
Guardian Unlimited – Japanese government bond futures fell on Monday, edging back towards six-month lows hit earlier this month, with traders citing selling by hedge funds on the back of concerns about rising debt issuance. The Ministry of Finance said […]
Moore Capital Said to Seek $500 Million for Coffey Hedge Funds
Bloomberg – Moore Capital Management LLC is seeking to raise as much as $500 million for two new hedge funds run by Greg Coffey, the top-ranked money manager who joined the company last year after quitting GLG Partners Inc., according […]
Hennessee Group and co-founder settle with SEC over due diligence on Bayou hedge funds
Los Angeles Times – When a well-known investment advisor gave the Securities and Exchange Commission some unsolicited advice this week about protecting investors in hedge funds, he had already been talking to the agency about his own behavior. About half […]
Hedge funds fear political meddling
Stuff – The drafting of the European Commission’s directive on hedge funds was a rush job without proper consultation and looks to have been subject to "undue political pressure," an industry body said. The Alternative Investment Management Association said it […]
As prime brokerage firms pull services to hedge funds, the argument for exploring equity finance options grows
Opalesque – In the newly released research report by Massachusetts-based firm Finadium "Trends in US Equity Finance Costs for Hedge Funds and Other Borrowers" author Josh Galper notes that the current cost of securities borrowing has many funds looking at […]
Pengana Aims to Grow Volatility Hedge Fund Amid Market Swings
Bloomberg – Pengana Capital Ltd., a Sydney- based asset manager that oversees A$1.5 billion ($1.1 billion), aims to increase the amount of hedge fund assets that bet on market swings by six times in two years. Pengana is seeking to grow […]
Disgraced NY lawmaker joins hedge fund – report
Reuters – Vito Fossella, a former U.S. congressman representing sections of New York until a drunk driving conviction last year, has joined controversial hedge fund Superfund Investment Group, the Staten Island Advance reported this week. The community newspaper, citing unnamed […]
Demand for Hedge Fund Separate Accounts ‘a Knee-Jerk Reaction’
Bloomberg – Hedge fund investors’ growing demands for separate accounts may be an overreaction to increasing redemptions and fraud, participants said at an industry conference in Hong Kong this week. Investors are demanding accounts that allow them to tailor investments, […]
Octagon, Run by Ex-GIC Staff, to Start Hedge Fund
Bloomberg – Octagon Capital Management Pte, run by former managers of the Government of Singapore Investment Corp.’s quantitative-investment group, plans to start a fund that seeks to profit from broad economic trends. Octagon, which uses computer models to pick trades, […]
Treasury Is Said to Increase Its Offer to Chrysler Lenders
Herald Tribune – The Treasury Department has increased its offer to repay Chrysler’s senior lenders as part of continuing talks on how to reduce the company’s debt, a person who had been briefed on the talks said on Wednesday. The […]
SEC Charges Hennessee On Bayou Hedge Fund Miss
Post Chronicle – U.S. securities regulators charged a prominent hedge fund industry executive on Wednesday with failing to properly review collapsed hedge fund Bayou Group before recommending that their clients invest. Hennessee Group and its principal Charles Gradante, who runs […]