Monthly Archives: January 2014
Druckenmiller Lawyer Takes On Hedge Funds Over Contracts
Bloomberg – Stan Druckenmiller, one of the top-performing money managers of the past three decades, discovered a hard truth when he started investing in other hedge funds: Most don’t treat their clients fairly. Partnership agreements frequently leave investors on the […]
Hedge funds hit by passport rules
Financial news – Marketing restrictions are a key part of the Alternative Investment Fund Managers Directive, the controversial legislation aimed at regulating the hedge fund and private equity industries, which was transposed into national laws last July. Managers have a […]
Hedge funds get a reminder of how it feels to lose
NYT – By the time last Friday afternoon was finally over, managers at even some of the most successful hedge funds felt like crawling into a hole. While the S&P 500 declined only 2.6 percent last week, the move came […]
Analysis: Emerging markets rout a reality check for Davos elite
Reuters – Just as they were getting their swagger back, the global elite stumbled last week on an emerging market sell-off that served as a reminder of the risks the global economy still faces. Veterans of the annual World Economic […]
Hedge Fund Taking Stake in Brazil’s B2W
WSJ – Technology-focused hedge fund Tiger Global Management LLC will invest as much as 1.2 billion Brazilian reais ($500 million) in B2W Companhia Digital SA,Brazil’s largest online retailer by revenue. The investment will be part of a capital increase of 2.38 billion […]
Lotus Peak Plans Abenomics Fund of Hedge Funds to Capture Demand
Bloomberg – Lotus Peak Capital Pte, a Singapore-based investment manager, will start a fund of hedge funds to benefit from Japanese Prime Minister Shinzo Abe’s efforts to stoke the world’s third-largest economy. The Abenomics Long Short Fund will start on Feb. 3 […]
Oppenheimer Fund Manager Agrees to Settle Fraud Charges
New York (HedgeCo.Net) – Former Oppenheimer & Co. portfolio manager has agreed to be barred from the securities industry and pay a $100,000 penalty for making misrepresentations about the valuation of a fund consisting of other private equity funds. Last year, […]
PCA Said to Shut Down Hedge Fund After CIC Withdraws Backing
Bloomberg – PCA Investments decided to shut a multistrategy hedge fund after China’s sovereign wealth fund, its only major outside investor, indicated it would pull its money, said two people familiar with the matter. PCA also closed its Hong Kong […]
London hedge fund takes 5.2pct stake in UBM amid chief executive search
Venture Capital Post – Hengistbury Investment Partners has acquired a 5.2% stake in UK-based events and publishing firm UBM, according City AM. Hengistbury is the hedge fund established in 2011 by Stuart Partners, former senior partner at The Children’s Investment […]
Hedge funds get bigger as returns get smaller
Hedge funds just keep getting larger and larger. Too bad their returns aren’t. Money invested in these high-octane investment vehicles surged 17% to a record $2.6 trillion in 2013, according to a report from Hedge Fund Research Inc. But Hedge […]
Michael Zimmerman’s Hedge Fund Anticipates 2014 Mobile Shopping Revolution
New York (HedgeCo.Net) – Michael Zimmerman of hedge fund Prentice Capital Management LP believes mobile shopping will change the way we shop, an evolution that is already happening. Online sales on Christmas Day were up 16.5 percent over last year while […]
Hedge Fund Winton Capital Plans U.S. Office
Winton Capital Management, the fourth largest European hedge fund by assets under management, is planning to open a U.S. office in the summer, according to people familiar with the matter. The move is part of a broader global expansion that […]