Hedge Fund News From HedgeCo.Net

Category Archives: Syndicated

UBS’s Rajeev Misra Said to Plan Move to Fortress Hedge Fund

Bloomberg – Rajeev Misra, UBS AG’s former co- head of fixed-income, is preparing to leave the Swiss bank for Fortress Investment Group LLC, two people with knowledge of the matter said. Misra, who has served as a senior adviser to […]

Hedge fund Balestra to lose two of three key execs

HITC – Balestra Capital, the hedge fund firm founded by James Melcher in 1979, is set to lose two senior leaders. Norman Cerk and Matthew Luckett have decided to resign from the firm on June 30, according to an investor […]

RBC to Close Proprietary-Trading Desk

WSJ – The Royal Bank of Canada is planning to close one of the last proprietary-trading desks on Wall Street, another win for regulators that have pushed banks to cut back on making big bets with their own money. RBC, […]

Hedge fund rolls over Wausau Paper: Other View

Gannett – Some day soon, Wausau Paper will be no more. There is no sense anymore in pretending otherwise. The company announced earlier this month that its chief executive officer and its board chairman would resign, to be replaced by […]

Billionaire Hedge Fund Leaders Join Ricketts’s Super-PAC

Bloomberg – Two billionaire hedge fund executives have joined Ameritrade founder Joe Ricketts’s super-political action committee as it works to elect Republicans to Congress, a U.S. Federal Election Commission report showed. Paul Singer, president of New York-based Elliott Management, wrote […]

Hedge fund manager Loeb says Sotheby’s attacks on him are ‘false’

Reuters – Activist investor Daniel Loeb, who is fighting to win control of three board seats at Sotheby’s, on Monday raised the temperature by saying the current board has failed and that its attacks on him are “false” and “misleading.” […]

Hedge Fund Manager Makes Lonely Defense of G.M.

DealBook – General Motors has come up against a tide of criticism. Its chief executive has been grilled by lawmakers for creating a “culture of cover-up,” it has been fined, and it faces investigations by a Senate panel and regulators […]

Anger as Stonegate hedge fund fare dodger ‘buys silence’

BBC – A rail union has claimed a hedge fund manager was able to “buy silence” after he repaid £42,550 in unpaid fares to Southeastern – but remained anonymous and avoided court action. The TSSA claimed it demonstrated one law […]

Hedge Fund Gains on Distressed Debt Decline to Seven-Month Low

Bloomberg – The performance of global hedge funds investing in distressed debt dropped to its weakest level in seven months in March as Treasury yields increased and emerging-market concerns mounted, according to Eurekahedge Pte. Returns slid to 0.62 percent last […]

Here’s How Hedge Funds Drove The Brutal NASDAQ Selloff

Business insider – Volatility has returned to the markets, and growth stocks in information technology and health care have led the way down. The chart above, from Deutsche Bank strategist Keith Parker, shows the extent to which fund positioning has […]

Hedge fund manager ‘in £42,550 train fare dodge’

BBC – A city executive is believed to have dodged paying £42,550 in train fares by exploiting a loophole which meant he only paid a third of the journey cost. The hedge fund manager from Stonegate, in East Sussex, who […]

Days of Market Calm Seen Ending in Hedge Fund VIX Bets

Bloomberg – Hedge funds are saying goodbye to the calm that blanketed U.S. stocks for the past two years. Large speculators have reduced bets on lower volatility and were net short about 1,000 contracts on VIX (VIX) futures last month, the fewest since 2011, […]

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