Category Archives: Syndicated
Hedge funds hurt Fifth Third’s results
Bloomberg- A sharp decline in a Fifth Third Bancorp hedge fund investment led to more than $300 million in charge-offs the bank took in the last two quarters, according to a Bloomberg report. Cincinnati-based Fifth Third had already said that […]
YouGov Alpha hedge fund targets $50 million
Reuters UK- Polling and research group YouGov said on Monday it is aiming to raise up to $50 million (25 million pounds) for the launch of a hedge fund that will use polling data to highlight lucrative investment strategies. The […]
Energy Hedge Funds Sputter Despite Soaring Markets
CNNMoney.com- Oil and natural gas prices have soared to new highs this year, but most energy hedge funds are having trouble turning a profit in their trades. Energy hedge fund managers interviewed by Hedge Fund Trades cited various reasons for […]
Hedge fund offer responds to CGT changes
Accountancy Age- Thames River Capital has introduced new realisation shares on its £276m Thames River hedge fund, run by Ken Kinsey Quick, to give investors an alternative source of tax-efficient income following the government’s changes to the Capital Gains Tax […]
BlackRock sees platinum prices at new records
Reuters- Production problems at platinum mines in South Africa and growing demand from car makers mean prices of the precious metal have potential to hit new highs, a fund manager at BlackRock told Reuters. A power crisis in South Africa, […]
Toronto Hedge Fund Takes Big Stake In ‘Sun-Times’ Parent
Editor & Publisher – Polar Securities, a Toronto-based hedge fund, disclosed Tuesday that it has purchased a big stake in troubled Sun-Times Media Group (STMG). In two filings with the U.S. Securities and Exchange Commission (SEC), Polar said it has […]
Microsoft, Yahoo May Join Forces in Search Business
Bloomberg – Microsoft Corp., the software maker that scrapped a $47.5 billion bid for Yahoo! Inc. this month, may forge a partnership with the Internet company in the search- advertising market to challenge Google Inc. Microsoft, which abandoned its takeover […]
Burlington hedge fund agrees to pay $1M fine
The Lowell Sun – A Burlington hedge fund and its former manager have agreed to pay more than $1 million for trading on inside information surrounding the Citizen Bank’s $10.5 billion purchase of Chapter One. Federal regulators from the U.S. […]
‘130/30’ funds come up short of long-only peers
Baltimore Sun- Mutual fund companies come up with "new ideas" all the time, but most don’t gain any traction. So when Fidelity Investments joined the latest trend this month and opened a "130/30 fund," it signaled that the newest fad […]
UBS $100 Billion Wager Prompted $24 Billion Loss in Nine Months
Bloomberg – The annual shareholders meeting of UBS AG used to be a time for Chairman Marcel Ospel to gloat over his accomplishments. Shareholders would praise Ospel for turning a slow-growing, insular Swiss bank into a global financial powerhouse, with […]
Hubris returns to haunt hedge funds
Financial News Online US- A few years ago, this column wrote about problems at the little known but ambitious US hedge fund Hubris Capital Management LLC and the strong performance of its flagship funds Nemesis and Icarus. While the firm […]