Tag Archives: bloomberg
Harbour Hedge Fund Gains 11% in August Betting on Unloved Stocks
(Bloomberg) – One Hong Kong-based based hedge fund returned 11 percent in August after bets on unpopular stocks paid off, as Asia-focused peers had the worst month in more than three years. Last month’s returns extended the gain by Harbour […]
Ray Dalio Is Worried About Next Downturn as Fed Prepares Move
(Bloomberg) — Ray Dalio, founder of $154 billion Bridgewater Associates, said he’s worried about the next economic slowdown because monetary policy will be less effective than in the past. “I don’t care whether they raise 25 basis points,” Dalio said […]
BlueCrest Sued in U.S. as Libor Fallout Ensnares Hedge Fund
(Bloomberg) – BlueCrest Capital Management was sued by a group of investment firms over claims an employee at the hedge fund run by billionaire Michael Platt conspired with banks to rig the Swiss franc Libor rate. The allegations closely follow […]
Scott Bessent to Start His Own Hedge Fund With $2 Billion From Soros
(Bloomberg) – Scott Bessent, who’s been overseeing George Soros’s $30 billion fortune for the last four years, will leave at the end of 2015 to start his own hedge-fund firm. Bessent, 52, is forming Key Square Group with a $2 […]
Moscow Dealer Sues N.Y.C. Gallery Over $3 Million in Paintings
Bloomberg – Moscow-based art dealer Gary Tatintsian has sued New York’s Luhring Augustine Gallery alleging breach of agreements on $3 million of art by artists George Condo and Richard Prince, according to a complaint filed Aug. 11. In April 2008, […]
Abax to Follow Blackstone, CLSA With China Private Equity Fund
Bloomberg – Abax Global Capital Ltd., a Hong Kong-based hedge fund manager backed by Morgan Stanley, plans to start a private equity fund in China that invests in companies making environmentally friendly products such as clean energy. The yuan-denominated fund […]
Gartman Starts First Hedge Fund Betting on Stocks, Commodities
Bloomberg – Dennis Gartman, an economist and the editor of the Gartman Letter, said he is creating his first hedge fund to speculate on assets including global equities and commodities. The River Crescent Fund, created Aug. 17, seeks to raise […]
Volkswagen Again a Focus for Hedge-Fund Short Sellers, WSJ Says
Bloomberg – Volkswagen AG has seen a doubling of short interest in its stock by hedge funds since the middle of last month, with 2 percent of the company’s shares, and almost a third of the common stock available for […]
Paulson Hedge Fund Buys Banks That Lost Value in Credit Crisis
Bloomberg – John Paulson, the hedge-fund manager whose wagers against the U.S. housing market helped him earn an estimated $2.5 billion last year, bought Bank of America Corp. and Goldman Sachs Group Inc. stock in the second quarter, while adding […]
