Hedge Fund News From HedgeCo.Net

Category Archives: Syndicated

Accounts reveal huge dividends paid to hedge fund tycoon Michael Cohen

The Independent – The London hedge fund tycoon whose division is being investigated by the US authorities over alleged corruption in Africa was paid more than £5.5m in the year before he retired at 41, accounts show. Michael Cohen set […]

David Einhorn’s Brilliantly Timed Civeo Trades Underscore Rift With Hedge Fund Rival Rosenstein

Forbes – There is a messy fight brewing over the future of Civeo Corporation, a company that runs lodges for oil and commodity drillers operating in far flung regions such as the Alberta tar sands and Western Australia. David Einhorn isn’t […]

Hedge Funds Betting That OPEC-Led Oil Rout Is Near End

Bloomberg – Hedge funds are betting that the oil-price crash is close to ending. Speculators boosted their net-long position in West Texas Intermediate crude by 14 percent in the week ended Dec. 2, the most in 20 months, U.S. Commodity […]

Uber Insurer Says It’s No Hedge Fund, Just Bets on Junk

Bloomberg – The insurer that ride-sharing service Uber Technologies Inc. uses to protect drivers and passengers is going public, promoting how it’s more willing than competitors to invest in junk-rated loans. James River Group Holdings Ltd. outlined its strategy this […]

Hedge Fund Kept U.S. Inquiry Quiet

NYT – In the volatile world of high finance, hedge funds come and hedge funds go. So there was little fanfare last week, apart from a few upset investors, when Vertical Capital, with $1.4 billion under management, suddenly announced it […]

Retirees’ target date funds making hedge fund style bets

Reuters- A fast-growing segment of U.S. retirement plans is using hedge-fund type strategies to bet a small but increasing slice of their assets. BlackRock Inc (BLK.N), the world’s largest asset manager, and Manning & Napier are among the managers that […]

Hedge Fund Code Of Ethics Being Developed

ValueWalk – The Alignment of Interests Association released a report titled “AOI Hedge Fund Investing Principles” earlier this week. The report in essence outlines a comprehensive “hedge fund code of ethics”, that is, “…a document that outlines suggested best practices […]

Japan Watchdog Recommends Fine for Hong Kong Hedge Fund

Bloomberg – Thirty seconds of trading before the market close that drove a stock higher was cited when Japan’s securities watchdog today recommended fining a Hong Kong hedge fund for market manipulation. Areion Asset Management Co. bought 7.9 million shares […]

Uber’s Investor Club Adds Two Hedge Funds, Qatar’s Sovereign Wealth Fund

WSJ – New investors in the ride-sharing startup’s $1.2 billion round of funding included Middle East sovereign wealth fund Qatar Investment Authority and two hedge funds, Valiant Capital Partners and Lone Pine Capital, according to people familiar with the matter. […]

New York Life Bets on ETFs Copying Hedge Funds

Bloomberg – New York Life Insurance Co. agreed to buy asset manager IndexIQ, pushing into exchange-traded funds and adding offerings for retail investors who want to copy hedge-fund approaches. The transaction “puts us into the forefront of two very important […]

Most hedge fund clients look to shift some money

Reuters – Most hedge fund investors polled by Goldman Sachs plan to pull some cash from their current managers in the coming months, with the majority citing poor performance as the reason, according to results of a survey seen by […]

Credit Suisse to open new Brazil hedge fund next year

Reuters – Credit Suisse Group AG plans to open a new hedge fund in Brazil called Gauss next year, a move aimed at offering new investment alternatives for clients, a senior executive said on Wednesday. Gauss will be overseen by […]

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