Monthly Archives: January 2015
Bank Of America Dumps Hedge Funds
New York (HedgeCo.Net) -Bank of America’s shares fell 1.5% to $16.43 in trading yesterday after the bank severed ties with approximately 150 hedge funds in its prime brokerage group, The Street reported today. Bloomberg says: “The second-largest U.S. bank made the […]
Myriad, Dymon Hedge Funds Said to Return About 20% in 2014
Bloomberg – Alibaba, China yuan stocks and currency trades brought it home for Asian hedge funds in 2014. Trades related to the linkage of the Shanghai and Hong Kong stock exchanges drove a 35 percent gain in the $942 million […]
Last Year’s Stock Market Has Hedge Funds Running
Business Insider – After a rough end to 2014, hedge funds are entering the new year with a little more caution. The Wall Street Journal reported Monday that hedge fund leverage has fallen to a two-year low, according to a […]
PFZW Nets $56M Profit from Hedge Fund Exits
CIO – Dutch healthcare sector pension PFZW netted a $56 million profit in two months as it exited hedge funds last year. PGGM— which manages assets on behalf of PFZW—completed the majority of the liquidation in November and December. PFZW […]
The Big Four firm has appointed Lachlan Roos as its new UK hedge fund leader
Economia – He is taking over from Rob Mellor who is stepping down after leading the hedge fund practice for five years. Roos, who joined PwC in 2005, is a partner in the firm’s financial services tax division. Roos said, […]
Hedge fund Man Group hires ex-Cheyne Capital Sternbach for new strategy
Reuters – Man Group, the world’s biggest listed hedge fund, has hired former Cheyne Capital portfolio manager Moni Sternbach for its GLG unit to manage a strategy it plans to launch in the first quarter of this year. Sternbach specialises […]
A Big Week for the Financial Sector- WFC, BAC, C, GS All Report
New York (HedgeCo.Net) – As the earnings season kicks off this week, one sector that will have more than a few important earnings reports is the financial sector. This week alone we will hear from Wells Fargo on Wednesday morning, […]
CalPERS, PGGM Hedge Fund Chiefs Find New Employment
Chief Investment Officer – The men responsible for running hedge funds at the California Public Employees’ Retirement System (CalPERS) and Dutch giant PGGM have taken jobs at new firms as their pensions decided to dump their sector allocations. Ed Robertiello, […]
Elliott Hedge Fund Demand New Audit Of Kabel Deutschland
New York (HedgeCo.Net) – One of Paul Singer’s activist hedge funds, Elliott Associates, L.P., has demanded a new audit of Kabel Deutschland Holding AG, Reuters reports. “The findings of the special auditor’s report contain troubling allegations that pertain to the […]
Hedge Fund Millionaire Shuns Currencies as Dollar Stalls
Bloomberg – Stephen Diggle, who co-founded a hedge fund that made $2.7 billion over 2007 and 2008, is shunning currencies saying the profit readily available from wagering on the dollar’s appreciation against the euro and yen is over. There’s been […]
Small U.S. hedge funds outpace bigger rivals in 2014
Reuters – Several small U.S. hedge funds outperformed the pack in 2014 with double-digit returns, including some with quantitative and multi-strategy approaches. Data from Hedge Fund Research showed the average fund gaining only 3.6 percent last year, while the Standard […]
Hedge Fund Giant Trying to Take Caesars Entertainment Into Bankruptcy
Motley Fool – Even Caesars Entertainment’s (NASDAQ: CZR ) bankruptcy plans aren’t going to be a straightforward process, much like its operations since it became a public company once again. Today, hedge fund Appaloosa Investment LP and other second lien […]