Hedge Fund News From HedgeCo.Net

Category Archives: Syndicated

South Carolina Wants Smaller Hedge Fund Managers

ValueWalk – There has been an ongoing academic debate in the hedge fund industry as to what size fund generates the best performance, large or small hedge funds. Now South Carolina’s pension system is weighing in on the issue. The […]

Favorite Picks of Top Performing Hedge Funds

Barron’s – It was a record turnout of over 1,200 for Chicago’s Invest For Kids charity event, a testament, perhaps, to investors’ thirst for new ideas in today’s frothy stock market. The conference has had many market-beating picks and pans […]

Banks handed £2bn in penalties for market rigging

Guardian – The corruption of the world’s biggest currency dealers was laid bare on Wednesday when regulators imposed £2bn of fines on five major banks for rigging the £3.5tn-a-day foreign exchange markets. Regulators said they had found a “free for […]

Asia Macro Hedge Funds Beat Bridgewater, Tudor in October

Bloomberg – Asia-focused managers of macro hedge funds beat U.S. veterans such as Paul Tudor Jones and Ray Dalio in October, the worst month for the strategy in more than a year. Funds managed by Quantedge Capital Pte, Dymon Asia […]

Activist hedge fund calls for IHG merger

CNBC – Marcato Capital Management released on Tuesday a letter and presentation to InterContinental Hotels shareholders urging the firm to merge with a competitor. The strategies outlined could yield a premium of more than 100 percent above the current share […]

Hedge Fund Honcho Steve A. Cohen Is Buyer of $101 Million Giacometti

ArtNet – Giacometti’s Chariot, auctioned at Sotheby’s Impressionist and modern sale, had just one lone bidder. Anonymous at the time, the buyer turns out to be none other than hedge fund billionaire and mega-collector Steve A. Cohen, according to New […]

Hedge-Fund-Backed Detroit Bankruptcy Plan OKed

FIN Alternatives – The largest municipal bankruptcy in U.S. history is over, thanks in no small part to hedge funds. A federal judge on Friday approved Detroit’s plan to exit Chapter 9 bankruptcy protection. The sign-off came just weeks after […]

Bonus season won’t bring much cheer to traders, hedge-fund employees

MarketWatch – Many of Wall Street’s deal makers are heading toward a happy year-end bonus season, while traders and hedge-fund employees are bracing for a disappointing payout. Investment bankers, including those who advise companies on mergers and underwrite stock offerings, […]

University of California Defies Calpers on Hedge Funds

Bloomberg – The University of California has increased its hedge-fund holdings by a factor of 10 since 2004, even as the California Public Employees’ Retirement System, the largest U.S. pension, said it’s pulling all $4 billion it had in such […]

US hedge fund builds stake in Secure Trust

Telegraph – American billionaire Steve Cohen has built a near £40m stake in Secure Trust Bank, the lender that is challenging the dominance of Britain’s biggest banks. The US hedge fund manager has boosted his holding in the lender to […]

The $9 Billion Witness: Meet JPMorgan Chase’s Worst Nightmare

Rolling Stone – She tried to stay quiet, she really did. But after eight years of keeping a heavy secret, the day came when Alayne Fleischmann couldn’t take it anymore. “It was like watching an old lady get mugged on […]

Ex-Moore Capital Trader Pleads Guilty to Insider Dealing

BusinessWeek – Julian Rifat, a former trader at Moore Capital Management LLC who was once named in a list of “Institutional Investors That Matter,” pleaded guilty to insider dealing at a London court today. Rifat, 45, entered a guilty plea […]

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