Hedge Fund News From HedgeCo.Net

Category Archives: Syndicated

Fung, Taveras criticize Raimondo for withholding hedge fund records

Providence Journal – Gubernatorial candidates Republican Allan Fung and Democrat Angel Taveras can agree on at least one point: Their opponent, General Treasurer Gina Raimondo, should release documents related to the state pension system’s hedge fund investments. Fung and Taveras […]

This Hedge Fund’s $6.8 Billion Tax Break Is Going to Enrage You

Time – Short-term trades are usually taxed like regular income. But not if you are a hedge fund with a helpful banker. If you invest or do any stock trading outside of a 401(k) or IRA account, you know that […]

Republican lawmaker to grill U.S. SEC over Ackman tactics

Reuters – A U.S. lawmaker will pressure the U.S. Securities and Exchange Commission on Thursday [July 24] to consider a raft of reforms, after William Ackman’s aggressive efforts to take over Allergan Inc. raised concerns about loose rules governing disclosure […]

BlueMountain Capital joins legal fray over Puerto Rico restructuring law

Reuters – A hedge fund with over $400 million in Puerto Rico bonds has joined a legal challenge against a law that allows the U.S. Commonwealth to restructure some of its debt, hiring one of the most prominent lawyers in […]

A Boston Hedge Fund Made $950 Million On One Stock Today

Business Insider – Shares of Puma Biotechnology (PBYI) were going absolutely bonkers Wednesday morning following a successful trial of a breast cancer drug. The stock surged about 283%, or about $167, since the opening bell. Read Complete Article

Hedge fund billionaire Ken Griffin files for divorce

Chicago Tribune – Ken Griffin, head of Chicago-based hedge fund Citadel Investment and one of the nation’s wealthiest men, has filed for divorce from his wife Anne Dias Griffin, his lawyer confirmed Wednesday. “A petition for dissolution was filed on […]

The big money still loves hedge funds

CNBC – Big investors plan to keep pouring money into hedge funds despite returns near or less than market benchmarks. No less than 97 percent of 284 institutional investors surveyed by Credit Suisse said they plan to be “highly active” […]

Hedge fund wants EMC to break up

CBS – A hedge fund that has taken a more than $1 billion stake in EMC (EMC) is pushing the computer storage giant to sell its interest in software firm VMWare (VMW). EMC is a major vendor of the hardware […]

Hedge Fund Chief Testifies at Senate Tax-Avoidance Hearing

DealBook – Complex financial instruments that the government has said helped the hedge fund Renaissance Technologies claim billions of dollars in tax savings were “extremely important,” its co-chief executive said at a Senate hearing on Tuesday. Peter Brown, co-chief executive […]

G20 watchdog orders LIBOR alternatives by 2016 in benchmark reform

Reuters – Global regulators will implement a twin-track approach to ensuring interest rate benchmarks are less prone to manipulation, recommending safeguards to the current system as well as developing alternatives. Ten banks and brokerages including Barclays and UBS have paid […]

Hedge Fund Joins Legal Fray Over Puerto Rico Debt Law

WSJ – BlueMountain Capital Management LLC on Tuesday filed a lawsuit in federal court in Puerto Rico alleging the new law is unconstitutional. The law, approved by the Puerto Rican government in June, allows for Puerto Rico’s public corporations, including […]

Hedge Fund Dromeus Turns Greek Tragedy to Triumph With 160% Gain

Bloomberg – When Achilles Risvas, chief executive officer of the $240 million investment firm, and Jason Manolopoulos started a fund to wager on Greece’s recovery in October 2012, the country was in intensive care with euro-area governments pushing its leadership […]

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