Hedge Fund News From HedgeCo.Net

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Hedge funds that revise returns underperform, says report

Investments & Pensions Europe  – A new report has cast doubt on the reliability of hedge fund performance information voluntarily disclosed by the industry. Furthermore, the report said hedge funds that had previously revised returns were more likely to underperform funds that had […]

Judge Is Skeptical of S.E.C. Deal With Hedge Fund

NYTimes – A federal judge raised questions on Thursday about a settlement of more than $600 million between the hedge fund SAC Capital Advisors and securities regulators to resolve insider-trading accusations, expressing specific concerns over a provision that allows SAC […]

Cohen’s ’Elan Guy’ Martoma Dropped Ethics for Hedge Fund

Bloomberg – A former student at Harvard Law School, he co-wrote papers on medical ethics before seeking a business degree at Stanford University and joining a little-known Boston hedge fund. Former colleagues say he was nondescript, and other hedge-fund managers never heard […]

The SEC is now Worth $600 Million

The SEC said Friday it has reached a settlement on insider trading charges with CR Intrinsic, an affiliate of billionaire Steve Cohen‘s hedge fund firm. At just over $600 million it marks the agency’s largest ever insider trading settlement. Trader Mathew Martoma, who […]

News Ex-Citadel managing director’s structured credit hedge fund secures seed deal

Hedge Funds Review – Grosvenor Capital Management has committed $85 million in seed capital for a structured credit hedge fund started by a group of former Citadel executives. Continuum Investment Management expects to launch its maiden hedge fund on February […]

Hedge Funds Raise Brent Crude Net-Longs to Nine-Month High

(Business Week) Hedge funds and other money managers raised bullish bets on Brent crude to the highest level in nine months, according to data from ICE Futures Europe. Speculative bets that prices will rise, in futures and options combined, outnumbered […]

Hedge funds gain $75bn in 2012

(Investment Europe) – Data from Eurekahedge suggest that the hedge fund industry grew its total assets by $75bn through 2012, as its own benchmark Hedge Fund Index underperformed the MSCI World over the year. The data provider, which monitors some […]

NY Times – A New York State appeals court dismissed a lawsuit brought by hedge funds against Porsche on Thursday, handing the German automaker a big victory in the long-running legal battle over its attempted takeover of Volkswagen. The Appellate […]

One Of The Biggest ‘Hedge Funds’ In The World Is Getting Destroyed By The Yen

(Business Insider) One of the biggest leveraged hedge funds in the world got hit with a 2×4 during the 4th Q. This fund has a mixed bag of assets, but was heavily exposed to big FX positions. The fund made […]

The Big Fiscal Cliff Deal Winners: Hedge Fund And Private Equity Moguls

(Forbes) In 2010 Steve Schwarzman, who runs the private equity and hedge fund behemoth the Blackstone Group, compared efforts to raise taxes on private equity and hedge fund managers with Hitler’s invasion of Poland. Schwarzman ended up apologizing for the […]

Buffett Is Still Crushing That Bet He Made Against Two Hedge Fund Managers In 2008

(Business Insider) It’s 2013, and that means that Warren Buffett is 5 years into a bet he made against two hedge fund managers at New York based fund Protege Partners. Back in 2008, Buffett told Ted Seides and Jeffrey Tarrant […]

Hedge fund industry loses out again

(Financial Times) — Bearish hedge fund managers have lost out in 2012, with the $2tn industry suffering another year of disappointing returns as traders were wrongfooted by a change in fortunes for the eurozone. According to Hedge Fund Research, slight […]

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