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Category Archives: Syndicated

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 […]

Aussie Shorts Lure Ex-UBS Trader’s Hedge Fund as China Slows

Bloomberg – MST Capital Pty, a hedge fund run by former UBS AG trader Gerard Satur, is betting the U.S. dollar will strengthen against the currencies of Australian and New Zealand as China?’s economy slows. The macro fund, which is […]

This investor went from hedge fund to franchise

CNBC – In the 13 years he ran a $3.5 billion long/short fund, KCM Consulting founder Michael Karsch beat the S&P 500 by 100 percent. Throughout his career, Karsch also worked with the likes of hedge-fund titan Stanley Druckenmiller of […]

San Francisco board expected to reject 15% hedge fund allocation proposal

P&I – The board of the San Francisco City & County Employees’ Retirement System is expected to reject Chief Investment Officer William Coaker’s plan for a 15% allocation to hedge funds at a meeting in the next several weeks and […]

What do you want to know about Luxembourg’s tax secrets?

Guardian – An unprecedented international investigation into tax deals struck with Luxembourg has uncovered the multi-billion dollar tax secrets of some of the world’s largest multinational corporations. A cache of almost 28,000 pages of leaked tax agreements, returns and other […]

‘Crunch time’ for Britain’s big four banks as competition inquiry launched

Guardian – Britain’s major banks are to be subjected to an 18-month investigation into how they treat their small business and personal customers in a move welcomed by consumer bodies and the new entrants trying to break the stranglehold of […]

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