Hedge Fund News From HedgeCo.Net

Category Archives: Syndicated

Hedge Funds Get Jostled by Inversions’ Jiggles

WSJ – Buying shares of Shire PLC has been one of the most popular hedge-fund bets of the year. It also has been among the most nerve-racking. Hedge funds Paulson & Co., Magnetar Financial LLC and Elliott Management Corp. are […]

Judge refuses to cut New York fund manager’s 40-year Ponzi sentence

Reuters – A federal judge rejected Westgate Capital Management LLC founder James Nicholson’s request to shorten his 40-year prison term for running a $140 million Ponzi scheme at his hedge fund firm, likening it to the much larger fraud run […]

Hedge Funds Circling Venezuela as Yields Top 15%: Andes Credit

NYT – Hedge funds are stepping in to fill a vacuum in Venezuela’s bonds as deepening concern the nation will default triggers an investor exodus. The debt, which suffered the worst selloff in emerging markets as Standard & Poor’s cut […]

Miliband’s war on hedge funds could damage City of London

Telegraph – Ed Miliband’s plans to wage war on hedge funds could be potentially more damaging to the City of London than even the financial transaction tax (FTT), senior banking sources warned on Tuesday night. The Leader of the Opposition […]

Bridgewater’s Dalio Says Hedge Fund Seeks ‘Radical Truth’

Bloomberg – Ray Dalio, who runs the $160 billion Bridgewater Associates LP, said he’s seeking to encourage a culture of “radical truth and radical transparency” by recording everything inside the hedge-fund firm. “I didn’t want to have spin,” Dalio said […]

Hedge fund vet: The bubble is about to bite

Fortune – Julian Robertson, the founder of Tiger Management and one of the most successful hedge funds managers ever, says we’re about to get bit. While Robertson agrees that the economy is recovering, he feels one of the biggest drivers […]

Ex-Deutsche Bank’s Lehr Said to Start New York Hedge Fund

Bloomberg – Hal Lehr, a former Deutsche Bank AG (DBK) and Soros Fund Management LLC trader, received backing from JPMorgan Chase & Co. (JPM)’s asset management unit to start a New York hedge-fund firm, a person with knowledge of the […]

Barclays picks hedge fund platform founder to head wealth unit

Reuters – Barclays has named the founder of a managed account platform for hedge funds as the new boss of its wealth and investment management arm. Barclays said on Monday that Akshaya Bhargava would join as chief executive of wealth […]

Med pot license seekers: ‘Cheech and Chong … to hedge fund guys’

Chicago Sun-Times – Those hoping to cash in on the so-called Green Rush descended en-masse on the Thompson Center Monday, the final day to apply for marijuana dispensary licenses under the state’s medical pot pilot program. Dozens were lined up […]

Financial Elite’s Offspring Start Their Own Hedge Funds

WSJ – The scions of a number of wealthy families, including the sons of prominent Wall Street figures Howard Marks and Ken Moelis, have either recently launched hedge funds or plan to do so soon, according to people familiar with […]

Hedge Funds Keen on China Exchange Link, Goldman Sachs Says

Bloomberg – Hedge funds may drive initial demand for Shanghai-listed stocks through a linkage of the city’s bourse with that in Hong Kong, which opens up a new route for foreign investors to buy Chinese shares, according to Goldman Sachs […]

Rauner gets $1M more from hedge fund CEO

AP – A Chicago hedge fund manager has donated another $1 million to GOP Illinois governor candidate Bruce Rauner, according to state campaign records. Citadel LLC founder and CEO Kenneth Griffin’s donation was reported in records released Friday, bringing his […]

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