Monthly Archives: January 2015
Investors eye 2015 with big appetite for hedge funds
Reuters – Wealthy investors are poised to put at least $90 billion into hedge funds next year, even after returns have largely been lackluster this year, research firm eVestment said on Tuesday. Fresh demand from pension funds, endowments, and insurers […]
Hedge Fund Jana Partners Dumps Plunging Civeo Shares After Winning Board Seats In October Comment Now Follow Comments
Forbes – Barry Rosenstein-run Jana Partners has sold all of its shares in oilfield accommodations specialist Civeo Corporation, the activist hedge fund disclosed in a filing on New Years Eve. That sale comes just over two months after the firm […]
Nigel Farage targets hedge funds as key to Ukip’s financial future
Guardian – Nigel Farage, who has pledged to build a “people’s army” separate from vested interests, has identified hedge funds and their owners as crucial to Ukip’s financial future. A leaked internal report shows the party’s leader argued that “the […]
Hedge Fund People: New York REIT Appoints Michael Happel as CEO
New York (HedgeCo.Net) – New York REIT, Inc., a publicly traded real estate investment trust, announced that its Board of Directors has appointed Michael Happel, the Company’s President, to the role of Chief Executive Officer. Happel, formerly of multi-billion dollar […]
Cohen Trading Strategy a ‘Dangerous’ Topic, Judge Says
Bloomberg – The judge in Mathew Martoma’s insider-trading trial warned his lawyers against questions tied to Steven Cohen’s trading strategies, saying it could open the case to a wider probe of the SAC Capital Advisors LP founder. “General questions about how Steve Cohen […]
Hedge Fund Launch: Humanitarianism Through Capitalism
New York (HedgeCo.Net) – Food Fund Advisors is rolling out of the U.S. Food Fund, LLC, a hedge fund with the investment goal of “Humanitarianism Through Capitalism”. The USFF has multiple main purposes, as stated in its investment goal of […]
Court dismisses Goldman Sachs hedge fund appeal
Sydney Morning Herald – An Australian hedge fund that lost $US67 million when it bought toxic mortgages from Goldman Sachs is a step closer to having its day in court against the investment bank, after a New York court quashed […]
Hedge Fund Founder Says Income Inequality “A Big Issue”
New York (HedgeCo.Net) – In his annual State of the Union address, President Obama said that, “inequality has deepened” and “economic mobility has stalled.” Obama also promised to tackle economic inequality “with or without Congress.” “Today, after four years of economic growth, corporate profits […]
Hedge funds Scout Capital Management, Joho Capital to close-WSJ
Reuters – Two multi-billion dollar U.S. hedge funds, one of which was Asia-focused, will close, the Wall Street Journal reported late on Thursday. The $6.7 billion Scout Capital Management LLC and $5 billion, Asia-focused Joho Capital LLC notified investors this […]
Collector Ron Pizzuti: Follow Your Heart, Not A Hedge Fund
Forbes – Last week, Kelly Crow, Sara Germano and David Benoit at the Wall Street Journal wrote about the way in which hedge fund art collectors “arguably influence the prices and popularity of the world’s top artists–from mainstays like Claude Monet to […]
Goldman Sachs, hedge fund billionaire back $27M social impact bond
CNBC – Goldman Sachs, hedge fund billionaire John Arnold and other philanthropic partners funded the largest ever social impact bond Wednesday, a $27 million effort to prevent young men in Massachusetts from going back to jail or prison. Social impact […]
Legg Mason Affiliate Charged With Cross Trading, Defrauding Clients
New York (HedgeCo.Net) – A California-based investment adviser has been charged by the SEC for concealing investor losses that resulted from a coding error and engaging in cross trading that favored some clients over others. Western Asset Management Company, which […]