Monthly Archives: January 2015
Brevan Howard Hedge Fund Hit by Outflows as Macro Funds Suffer
WSJ – Investors pulled more than $4 billion from Brevan Howard ’s flagship hedge fund in the seven months to December, as poor returns pushed the portfolio to its first ever calendar year loss. Calculations by The Wall Street Journal, […]
Connecticut Hedge Fund Controller Admits To Embezzling $9 Million
New York (HedgeCo.Net) – Lawrence Herzing, the the former controller of hedge fund Contrarian Capital Management has pleaded guilty to one count of wire fraud stemming from his theft of more than $9 million from Contrarian, Reuters reports. Contrarian Capital […]
Three Partners Said to Leave Former Goldman Trader’s Hedge Fund
Bloomberg – Former Goldman Sachs Group Inc. proprietary trader Morgan Sze will run his Hong Kong-based hedge fund with a leaner team after planned senior departures, said a person who has seen a letter sent to investors. Two partners will […]
Citi Survey Forecasts 30% Decline in Hedge Fund Industry Profits Due to Poor Performance in 2014
New York (HedgeCo.Net) – Hedge fund industry profits in 2013 reached $31.2 billion but poor performance in 2014 cut that figure by 30% to only $21.9 billion, a loss of nearly $10 billion, Citi estimates in their 3rd Annual Hedge […]
What Can The European Central Bank Learn From The Fed?
When the European Central Bank announced that it was launching a bond purchasing program on January 22, the world stock markets took off. Indices across the globe shot higher as the ECB entered its own version of Quantitative Easing, much […]
Venezuelan hedge fund manager to be sentenced in huge fraud
AP – Nearly four years after he confessed to running a massive fraud scheme, a former hedge fund manager is expected to be sentenced in a Connecticut case that had its biggest fallout in Venezuela, where the state oil company […]
Bill Ackman on Receiving End of Hedge Fund Selling
WSJ – Hedge fund activist Bill Ackman is used to calling the shots at the listed companies he frequently targets. So there is a certain irony in the fact that it is other hedge funds, he says, who are responsible […]
Hedge fund Barington proceeds with proxy contest at OMNOVA
Reuters – Hedge fund Barington Capital Group filed preliminary proxy statements with the U.S. Securities and Exchange Commission and is proceeding with a proxy contest to elect three alternative directors to the board of OMNOVA Solutions, the documents show. New […]
Stock Picking, Large-Cap Rally Boosts Top Japan Hedge Funds
Bloomberg – Pickers of small company shares and money managers who anticipated a year-end rally in large-capitalization stocks were the best performers among Japan-focused hedge funds last year. Hayate Partners Pte’s Japan Equity Long Short Fund returned 19.4 percent in […]
This Hedge Fund Manager Says ‘Stay Away’ From Alibaba
Benzinga – Lemelson Capital Management Chief Investment Officer Rev. Emmanuel Lemelson warned investors to “stay away from new issues” including Alibaba Group Holding Ltd BABA. Lemelson told Benzinga that the sellers, which includes insiders and investment banks, “have a vested […]
Hedge Fund Manager Gets 21 Years For Black Diamond Fraud, 10 Conspirators Get Jail Time
New York (HedgeCo.Net) – Ohio-based hedge fund manager Jonathan D. Davey has been sentenced to 21 years in prison for his role in Ponzi scheme that defrauded victims of more than $40 million, the FBI reports. All federal sentences are […]