Hedge Fund News From HedgeCo.Net

Category Archives: Syndicated

Son accused of killing hedge fund founder dad stands to inherit part of $1.6M estate

Fox – The man accused of killing his millionaire father in the older man’s Manhattan apartment earlier this month stands to collect an inheritance, according to the hedge fund founder’s will. The New York Post reported that Thomas Gilbert Sr.’s […]

Everest Capital falls victim to Swiss franc, shutters largest fund

CNBC – Switzerland’s unexpected decision to allow its currency to float freely once more against the euro may have claimed another victim—Everest Capital’s Global Fund. Bloomberg News, citing a person close to the firm, reported Saturday that Everest’s $830 million […]

Hedge Funds Got Whacked By The Swiss Franc Rally

Reuters – Currency speculators, particularly large global macro hedge funds with big short positions in the Swiss franc, are staring massive losses in the face after the Swiss National Bank shocked markets on Thursday by removing a three-year-old cap on […]

India-focused hedge fund gives 61% return in 2014

Economic Times – Kuwait-based Global Investment House (Global) has announced that the Mayur Hedge Fund, a growth oriented fund with a net long bias, has reported 61 per cent return for the year 2014. The Mayur Hedge Fund is an […]

Loeb King Says It’s Closing as Hedge Fund Rules ‘Cumbersome’

Bloomberg – Loeb King Capital Management, an investment firm with about $1 billion, is closing after principal Gideon Kingdecided to manage his own money. “You will just be more profitable if you run your own capital,” King, 45, said in […]

World’s Top 10 Hedge Fund Firms

Investopedia – Hedge funds are an advanced level portfolio of investments, containing a mix of leveraged derivatives, as well as long and short positions of domestic and international markets, based on advanced methodologies. These funds are intended for sophisticated high-risk, […]

Man Group wins hedge fund mandate for UK’s Cornwall pension fund

Reuters – Hedge fund Man Group said on Thursday it had won the mandate to manage the hedge fund allocation for British local government region Cornwall’s pension fund. The allocation has a target size of 8 percent of the 1.5 billion […]

Ackman: McDonald’s Stock Is ‘Not Cheap’

Business Insider – Hedge fund titan Bill Ackman, the CEO of $18 billion Pershing Square Capital Management, made some pretty negative comments on McDonald’s Wednesday on Bloomberg TV’s “The Pulse.” From Bloomberg TV (emphasis ours): “You know, at this point, […]

Hedge Funds Set to Win on Bonds of Germany’s Depfa Bank

WSJ – A group of New York hedge funds is among those who likely will profit on the bonds of Depfa Bank, after the lender’s parent proposed on Wednesday to buy back some of its debt. Hedge funds representing two-thirds […]

Computer-Driven Hedge Funds End Three-Year Losing Streak

WSJ – A little-known but long-established London hedge fund showed a clean pair of heels to peers last year, ratcheting up a gain of almost 70% as funds of its style staged a comeback in Europe. Mulvaney Capital Management’s Global […]

Ex-SAC’s Kumin Said to Gather $1 Billion for Hedge Fund Startup

Bloomberg – Solomon Kumin, who was chief operating officer of billionaire Steven A. Cohen’s SAC Capital Advisors, is on track to gather $1 billion for his hedge fund firm when it starts trading in March, according to a person familiar with […]

Investors cut hedge fund bets in January

Reuters – Investors’ interest in hedge funds fell in January as they pulled out more cash than they invested, data showed on Tuesday, part of an annual rejig of portfolios. The SS&C GlobeOp Capital Movement Index, which calculates monthly hedge […]

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