Tag Archives: bloomberg


BlueCrest Sued in U.S. as Libor Fallout Ensnares Hedge Fund

(Bloomberg) – BlueCrest Capital Management was sued by a group of investment firms over claims an employee at the hedge fund run by billionaire Michael Platt conspired with banks to rig the Swiss franc Libor rate. The allegations closely follow […]

Scott Bessent to Start His Own Hedge Fund With $2 Billion From Soros

(Bloomberg) – Scott Bessent, who’s been overseeing George Soros’s $30 billion fortune for the last four years, will leave at the end of 2015 to start his own hedge-fund firm. Bessent, 52, is forming Key Square Group with a $2 […]

Moscow Dealer Sues N.Y.C. Gallery Over $3 Million in Paintings

Bloomberg – Moscow-based art dealer Gary Tatintsian has sued New York’s Luhring Augustine Gallery alleging breach of agreements on $3 million of art by artists George Condo and Richard Prince, according to a complaint filed Aug. 11. In April 2008, […]

Abax to Follow Blackstone, CLSA With China Private Equity Fund

Bloomberg – Abax Global Capital Ltd., a Hong Kong-based hedge fund manager backed by Morgan Stanley, plans to start a private equity fund in China that invests in companies making environmentally friendly products such as clean energy. The yuan-denominated fund […]

Gartman Starts First Hedge Fund Betting on Stocks, Commodities

Bloomberg – Dennis Gartman, an economist and the editor of the Gartman Letter, said he is creating his first hedge fund to speculate on assets including global equities and commodities. The River Crescent Fund, created Aug. 17, seeks to raise […]

Volkswagen Again a Focus for Hedge-Fund Short Sellers, WSJ Says

Bloomberg – Volkswagen AG has seen a doubling of short interest in its stock by hedge funds since the middle of last month, with 2 percent of the company’s shares, and almost a third of the common stock available for […]

Ex-Lehman Banker Filippi Raises $35 Million for Commodity Fund

Bloomberg – Edward Filippi, previously with Lehman Brothers Holdings Inc., raised $35 million for a hedge fund investing in energy, metals and agricultural derivatives. The Ground Zero Strategic Commodities Fund may begin trading in the first quarter of next year, […]

Paulson Hedge Fund Buys Banks That Lost Value in Credit Crisis

Bloomberg – John Paulson, the hedge-fund manager whose wagers against the U.S. housing market helped him earn an estimated $2.5 billion last year, bought Bank of America Corp. and Goldman Sachs Group Inc. stock in the second quarter, while adding […]

JPMorgan, Hedge Funds May Lose as Derivatives Proposal Advances

Bloomberg – President Barack Obama sent Congress his plan to rein in the $592 trillion over-the-counter derivatives industry, a measure that would cut into a profitable market for banks led by Goldman Sachs Group Inc. and JPMorgan Chase & Co. […]

Barakett’s Atticus Fund Jumps Back Into Stocks, Filing Shows

Bloomberg – Atticus Capital LP, the New York- based hedge-fund firm run by Timothy Barakett, reversed course in the second quarter, investing more than $3.5 billion in U.S.- listed stocks as equity markets recovered. Atticus bought $355 million in shares […]

Pequot Trading in Google, Cox, Premcor Sparked Warnings to SEC

Bloomberg – Pequot Capital Management Inc., once the world’s biggest hedge-fund manager, was cited in at least 44 private reports from exchange watchdogs in the past four years alerting U.S. regulators to potential insider trading, market manipulation or other misconduct, […]

AIG Gains From Hedge Fund Rebound After $2 Billion of Losses

Bloomberg – American International Group Inc., the insurer bailed out by the U.S., benefited from hedge funds for the first time in a year as the company returned to profitability in the second quarter. AIG earned $121 million from hedge […]

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