Monthly Archives: January 2015
Rothschild To Strengthen Hedge Fund Asset Management With Two New Hires
New York (HedgeCo.Net) – New York-based hedge fund giant, Rothschild Asset Management, has announced plans to strengthens its alternative investment business through the addition of Shakil Riaz and his long time friend, Anthony Marzigliano, Bloomberg reports. Shakil Riaz is to […]
Hennessee: Hedge Funds Gain +0.04% In December
New York (HedgeCo.Net) – In December, managers went into risk-off mode as the rout in oil prices continued aggressively and signs of further deterioration in global economic growth, according to Charles Gradante, Co-Founder of Hennessee Group LLC. The absence of […]
Ackman: McDonald’s Stock Is ‘Not Cheap’
Business Insider – Hedge fund titan Bill Ackman, the CEO of $18 billion Pershing Square Capital Management, made some pretty negative comments on McDonald’s Wednesday on Bloomberg TV’s “The Pulse.” From Bloomberg TV (emphasis ours): “You know, at this point, […]
Hedge Funds Set to Win on Bonds of Germany’s Depfa Bank
WSJ – A group of New York hedge funds is among those who likely will profit on the bonds of Depfa Bank, after the lender’s parent proposed on Wednesday to buy back some of its debt. Hedge funds representing two-thirds […]
Computer-Driven Hedge Funds End Three-Year Losing Streak
WSJ – A little-known but long-established London hedge fund showed a clean pair of heels to peers last year, ratcheting up a gain of almost 70% as funds of its style staged a comeback in Europe. Mulvaney Capital Management’s Global […]
Ex-SAC’s Kumin Said to Gather $1 Billion for Hedge Fund Startup
Bloomberg – Solomon Kumin, who was chief operating officer of billionaire Steven A. Cohen’s SAC Capital Advisors, is on track to gather $1 billion for his hedge fund firm when it starts trading in March, according to a person familiar with […]
Former SEC Chief Accountant Rejoins Hedge Fund Marketplace
New York (HedgeCo.Net) – Jaime L. Eichen, former Chief Accountant for the Division of Investment Management at the U.S. Securities and Exchange Commission (SEC), has rejoined EY as a Partner in the Professional Practice Group with a focus on the […]
Investors cut hedge fund bets in January
Reuters – Investors’ interest in hedge funds fell in January as they pulled out more cash than they invested, data showed on Tuesday, part of an annual rejig of portfolios. The SS&C GlobeOp Capital Movement Index, which calculates monthly hedge […]
Manager Daniel Thibeault Faces Civil Charges As Well As Criminal Charges
New York (HedgeCo.Net) – Approximately one month after being arrested for securities fraud and facing criminal charges through the FBI, Daniel Thibeault is now facing civil charges through the Securities and Exchange Commission. Thibeault is accused of taking out approximately […]
Investment Advisors: $5 Trillion In Liquid Assets To Change Hands
New York (HedgeCo.Net) – At least $16 trillion of global ultra high net worth (UHNW) wealth will be transferred to the next generation over the next 30 years, according to the Wealth-X and NFP Family Wealth Transfers Report. This will […]
SS&C GlobeOp Hedge Fund Performance Index
SS&C GlobeOp announced that the gross return of its Hedge Fund Performance Index for December 2014 measured 0.11%. This figure is down from 1.13% in the previous month. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index […]