Hedge Fund News From HedgeCo.Net

Category Archives: Syndicated

Carlyle Reports Lower Profit on Weakness in Hedge Funds

NYT – The Carlyle Group reported lower third-quarter profit on Wednesday, weighed down by weakness in its hedge funds and certain other investments. Carlyle said its economic net income before taxes – a measure of profit that includes unrealized investment […]

Ex-Contrarian Executive Charged With Embezzling Millions

Bloomberg – Lawrence Herzing, the former controller of Contrarian Capital Management LLC, was arrested and charged with embezzling millions of dollars from the hedge fund, federal prosecutors said. Herzing, 45, of Greenwich, Connecticut, wired funds from Contrarian to accounts he […]

Hedge fund billionaire, unions trade blows in Phoenix pension fight

Reuters – A push to reform Phoenix’s retirement system has become the latest front in a battle between union-backed groups and a Texas hedge fund billionaire over the future of America’s public pensions. Hundreds of thousands of dollars, much of […]

Hedge Fund Managers Battle Long Money In Russian Markets

Forbes – Russia has become a gamblers den. From a top-down view, long term money is largely bearish on Russia. The bravest foreign fund managers are picking at undervalued stocks, with weak conviction. “We’re underweight Russia and have been underweight […]

Hedge Fund VIX Wagers Tip Toward Turbulence After Selloff

Bloomberg – One of the surest bets in the U.S. stock market over the last 2 1/2 years, speculating on tranquility, is being abandoned. For the first time since 2011, the balance of futures (VIX) owned by hedge funds and […]

Hedge funds muscle into reinsurance, attracting doubters

Reuters – Hedge funds are muscling their way into the market to share the cost of cleaning up after natural catastrophes, but skeptics are questioning whether they will stick around ahead of the next “big one” as underwriting returns fall. […]

Quant Hedge Fund Archipel Shuts After Biggest Investor Pulls Out

Bloomberg – Archipel Asset Management AB, a Swedish hedge-fund firm that makes trades based on computer algorithms, is closing after its biggest investor pulled out. The stock-trading hedge fund founded in 2007 is returning cash to investors following the decision […]

Hedge Fund Bets on Worst Industry in ‘Detested’ Country

Bloomberg – Lakewood Capital Management LP is betting on OAO Lukoil (LUKOY), Russia’s second-largest oil producer, after shares slumped on concern about the nation’s conflict with Ukraine and a selloff in energy stocks. “Admittedly, few investments sound less appealing right […]

Amgen, bowing to hedge fund pressure, to cut up to 1,100 more jobs

LA Times – Amgen Inc., the Southern California biotech giant that has struggled to match the torrid growth of its pharmaceutical peers, finds itself in the crosshairs of a New York hedge fund manager, one of the new breed of […]

Activist Hedge Fund Takes Stake in Former A.D.P. Unit

NYT – CDK Global has been a publicly traded company for roughly a month. But the company, a former unit of Automatic Data Processing, has already drawn the attention of an activist hedge fund. Sachem Head Capital Management, a $2 […]

US institutions sour on hedge fund fees, survey shows

Boston Globe – Hedge funds and private equity funds took a hit among US institutions and pension managers in a survey by Fidelity Investments released Monday. The survey found that only 19 percent of American managers of pensions and other […]

Karma chief Nandita Parker leads India hedge funds

LiveMint – When Nandita Agarwal Parker started her India hedge fund a decade ago, all investors in the US wanted to talk about were her children and her husband. “When I went to fund raise in 2004, a fund-of-funds guy […]

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