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Category Archives: Syndicated

Hedge Funds Seek Meeting With Puerto Rico Over Oil Tax Bond Deal

(Bloomberg) A group of hedge funds headed by Fir Tree Partners is seeking a meeting with Puerto Rico Governor Alejandro Garcia Padilla and senior officials at the Government Development Bank for Puerto Rico to discuss the potential sale of $2.9 […]

Hedge Funds Score Big Gains

(Wall Street Journal) Some of Wall Street’s biggest investors are outrunning markets for the first time in years, riding gains from bets on instability in Europe and a wave of mergers. To Read this article: www.wsj.com

Brevan Howard Grooming Managers In-House As Banks Retreat

(Bloomberg) Brevan Howard Asset Management started a training program to groom its next generation of money managers within the firm instead of relying on recruits from investment banks. The $26.5 billion investment firm, run by billionaire Alan Howard, is targeting […]

Big Investors Dumping Stocks Like It’s 2008

(Business InSider) In a note Tuesday, Jill Carey Hall at Bank of America Merrill Lynch (BAML) wrote that the clients’ net sales of US stocks amounted to $4.1 billion last week, the largest total since January 2008. www.BusinessInsider.com

Bluemountain, Citadel, Pimco Subpoenaed on Credit-swaps Suit

(CNBC) BlueMountain, Citadel, andPimco received third-party subpoenas in an investor lawsuit aboutcredit swaps, Dow Jones reported, citing sources. The lawsuitalleges that banks and industry groups engaged in anticompetitive practices in the credit-derivatives market. To Read this article: www.cnbc.com

Hedge Funds Return To Extending Bearish Ag Bets

(Agrimoney.com) Hedge funds returned to extending their bearish bets on agricultural commodities, led by corn, in which wet Midwest weather is supporting US yield prospects, and sugar, helping drive prices to a six-year low. Managed money, a proxy for speculators, […]

Ex-LTCM Partner Sees Convertible Arbitrage Risk To System

(Bloomberg) Eric Rosenfeld is aware of risks that threaten the financial system. As co-founder of Long-Term Capital Management he witnessed first-hand in 1998 when the hedge fund’s trades backfired and required the Federal Reserve to orchestrate a bailout by Wall […]

Blooming Retail Focused Hedge Funds Raise Red Flags

(Reuters) A flood of money chasing cheaper and more retail investor-friendly hedge fund strategies could reverse if poor market liquidity ends up hitting returns, attendees at a hedge funds conference said on Tuesday. Discussing the so called “liquid alternatives” sector […]

These Hedge Funds Beat Stocks In May As The Steam Came Out Of China

(Bloomberg) Asia-focused hedge funds beat equity markets in May with profitable China bets just as the nation’s share market rally began to slow. Pine River Capital Management, Springs Capital (Hong Kong) and Legends Asset Management were among those whose returns […]

Hedge Fund Citadel Prepares To Launch New Stock Picking Unit

(Wall Street Journal) Hedge-fund Citadel LLC is preparing to roll out a new stand-alone stock-picking division, the latest sign of the Chicago firm’s postcrisis resurgence. To Read this Article: www.wallstreetjournal.com

Korea Fund Has $18 Billion At Stake Backing Samsung On C & T

(Bloomberg) In the fight between a foreign hedge fund and the biggest conglomerate in South Korea, the state-run pension may have the swing vote. It will probably side with Samsung Group for reasons that go beyond nationalism. Korea’s National Pension […]

Former SAC Manager’s Hedge Fund Bets Against Euro On Greek Woes

(Bloomberg) Yip Ka-hay, a former SAC Capital Advisors manager now running his own macro hedge fund, is shorting the euro against the Japanese currency. The euro may slide below $1.08 in the next few months — from above $1.13 now […]

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