Hedge Fund News From HedgeCo.Net

Category Archives: Syndicated

Hedge fund Oceanwood raises $2 billion, to close to new investors – source

Reuters – Europe-focused hedge fund Oceanwood Capital Management is closing its fund to new investors after its assets under management hit $2 billion recently, a source with direct knowledge of the matter said. Oceanwood, a multi-strategy hedge fund spinout from […]

Paul Singer: CalPERS ‘off-base’ to ax hedge funds

CNBC – Billionaire investor Paul Singer has a message for the California Public Employees’ Retirement System: Dumping your hedge funds makes no sense. “We are certainly not in a position to be opining on the ‘asset class’ of hedge funds, […]

State Street selling stake in hedge fund group

Boston Globe – State Street Global Advisors is selling its majority stake in a Wilton, Conn., hedge fund group back to the executives who manage it. State Street Global and the hedge fund group, SSARIS Advisors , “have decided to […]

The 18-Year-Old Who’s Starting A Hedge Fund In His Dorm Room

BI – Julian Marchese was 9 years old when he made his first trade. In high school, he skipped class on Fed Days. When the Canadian finance wunderkind was just a teenager, he developed a quantitative, long-short equity strategy that […]

No Wonder They Call Hedge Funds ‘Smart Money’!

BusinessInsider – One of the most amusing phrases on Wall Street is “smart money.” This phrase is used to describe the handful of professional investors whose abilities and foresight are thought to be so acute that they spot the big […]

Sliced Investing Gets $2 Million for Its Online Hedge Fund Investing Platform

WSJ – Online financial services, from crowdfunding startups to peer-to-peer lending, are becoming increasingly popular and accepted. Now startup Sliced Investing Inc. is using a similar model of pooling resources from accredited individual investors, this time for investing in hedge […]

Pound Decline Seen Enduring in Hedge-Fund Reversals

BusinessWeek – Traders are viewing the pound’s 8 percent slump since mid-year as the start of a long-term decline as speculation grows that U.K. interest rates will stay at record lows well into 2015. After being more optimistic on the […]

Cannabis hedge funds join the green rush

LA Times – The frenzy in the cavernous Green Valley Ranch Resort ballroom might have passed for any confab of entrepreneurs pitching their business plans to pokerfaced angel investors — until an organizer took the podium for a public service […]

Hedge Funds Cut Gold Bets in Fastest Exit This Year

Bloomberg – Hedge funds extended their fastest exit from gold this year, cutting bullish gold wagers for a third week. The net-long position in New York futures and options fell 14 percent, U.S. government data show. Holdings tumbled 49 percent […]

Perella Weinberg to Close Xerion Hedge Fund

WSJ – A high-profile hedge-fund manager is throwing in the towel, the latest retreat in an industry that has struggled to navigate this year’s volatile markets. Daniel Arbess, known for his public predictions on macroeconomic trends, said Friday that he […]

Hedge fund ISAM launches brokerage service

Reuters – British hedge fund ISAM, founded by ex-Man Group chief executive Stanley Fink, said on Monday it had launched a new currency brokerage service for institutional clients, named IS Prime. The new unit would provide retail brokers, asset managers, […]

Hedge Funds Myriad, Azentus Held $637 Million Alibaba Shares

Bloomberg – Asia hedge funds Myriad Asset Management Ltd. and Azentus Capital Management Ltd. held $637 million American depositary receipts in Alibaba Group Holding Ltd. (BABA) at the end of September. Myriad, which manages more than $3.5 billion, disclosed a […]

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