Hedge Fund News From HedgeCo.Net

Category Archives: Syndicated

UBS O’Connor Hedge Fund Sells U.S. REITs in Second Quarter

Bloomberg – UBS O’Connor LLC, the $5.6 billion hedge-fund unit within Switzerland’s biggest bank, sold most of its stakes in U.S. real estate investment trusts during the second quarter after the companies delivered some of the highest stock-market returns in […]

Nervous Hedge Funds Turn Defensive on Concerns Over Asset Prices

NYT – Some hedge funds are cutting back on their riskier positions because of fears that certain assets may have become overpriced and concerns about the conflicts in Ukraine and Iraq. Nervous funds have reduced their bets that equities will […]

Dubai creates new fund class to lure asset managers

Reuters – Dubai is changing its financial rules in an effort to attract more asset managers – particularly those serving the richest and most risk-tolerant investors, such as hedge funds and private equity funds – to base themselves in the […]

Argentina moves to cut out US hedge funds

The Guardian – Argentina has risked deepening its isolation among international lenders with a proposal to cut out a group of US hedge funds from sovereign bond payments. President Cristina Fernández de Kirchner announced on Tuesday that the government was […]

Hedge fund exit requests rise in August

Reuters – Investor requests to pull out money from hedge funds rose in August, according to data released on Wednesday [Aug. 20], an increase typically seen at this time of year. The SS&C GlobeOp Forward Redemption Indicator, a snapshot of […]

‘Smart money’ hedge funds flunk performance test

USA Today – If grades were given out to hedge funds, often dubbed the “smart money,” for their recent investment performance, they’d probably get a “C.” Indeed, these secretive investments favored by the wealthy and institutional investors have trailed the […]

Asia’s Best-Performing Macro Hedge Fund Hits $1 Billion Mark

Bloomberg – Quantedge Global Fund, Asia’s best-performing macro hedge fund, said it has increased its assets to more than $1 billion, joining the ranks of the region’s biggest funds. Quantedge, which started with $3 million in October 2006, has increased […]

U.S. hedge funds hunting for value in Canada’s oil patch

Financial Post – Hedge funds, mostly American, seem to have their fingerprints all over the Canadian oil patch these days. They are hunting for value in the Canadian sector, where stocks are on the rebound after lagging their U.S. counterparts […]

Aston Martin ‘Myth’ Tested as Hedge-Fund Pay Slumps

Bloomberg – Bonuses for hedge-fund employees in London have dropped by 94 percent since 2012 as returns in the industry declined, according to a salary-data provider. The average bonus for directors, or mid-level employees, plummeted to 8,000 pounds ($13,300) this […]

Ex-SAC Executive Kumin’s Hedge-Fund Firm Gets Leucadia Investment

WSJ – Former SAC Capital Advisors LP executive Solomon Kumin has secured a $400 million investment from Leucadia National Corp. LUK -0.24% for his startup hedge-fund firm, according to people familiar with the recent developments. An agreement signed late last […]

Former SAC Capital Advisors President Conheeney leaves firm

Reuters – Thomas Conheeney, who was president of Steven A. Cohen’s SAC Capital Advisors during the years the hedge fund was being investigated for insider trading, has stepped down from the position at successor organization Point72 Asset Management, Point72 said […]

Bridgewater Associates Looks Aggressive Towards The Coca-Cola Company

Wall Street PR – Sometimes 13F filings can tell a lot of things that are otherwise not possible for one to know. The latest example of it is the move of Bridgewater Associates. The 13F filing clearly shows that Bridgewater […]

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