Monthly Archives: January 2014
Exclusive bank-owned FX platform to open doors to hedge funds
(Reuters) – ParFX, a currency trading platform launched to curb the advantage of high-frequency traders, will allow hedge funds to join banks in its trade to increase liquidity and create a wider trading community. The platform, featuring technology to level […]
Charlie Ergen and hedge funds fighting over LightSquared loan
Dish Network Corp. Chairman Charlie Ergen is again fighting with a group of hedge funds that hold LightSquared’s bank debt, this time over which side should be providing a short-term bankruptcy loan to keep LightSquared afloat. In a Thursday filing […]
Credit Suisse Paper Explores Noteworthy Hedge Fund Trends For 2014
New York (HedgeCo.Net) – Credit Suisse Asset Management today released the 2013 Liquid Alternative Beta Performance Review. The paper examines key factors that drove liquid alternative strategy performance in 2013 and explores some of the noteworthy trends that could continue […]
Iceland Prime Minister Not Interested In Hedge Fund Losses
New York (HedgeCo.Net) – The government in Iceland is still refusing to speak to the hedge funds and other creditors that are trying to get their claims paid out. Bloomberg reports. Kaupthing Bank, Glitnir Bank and Landsbanki Islands defaulted on […]
Hedge fund bets on T-Mobile takeover
Kansas City Star – Third Point LLC, the hedge fund founded by activist investor Dan Loeb, bought a stake in wireless carrier T-Mobile US Inc., betting that the company could be acquired by Sprint Corp. or Dish Network Corp. Third […]
Hedge fund urges Dow to spin off petrochemicals
Bloomberg – Third Point, the hedge fund led by billionaire Daniel Loeb, took a stake in Dow Chemical and called for a spinoff of its petrochemicals business to improve profitability. Third Point’s stake in Dow is its largest current investment, […]
As the West Dries Up, This Hedge-Fund Pioneer Stands to Make a Killing
MJ – The offices of the world’s first water-focused hedge fund overlook a parking lot in a subdivided landscape developers call the Golden Triangle. The neighborhood gets its water from the Alvarado Water Treatment Plant, run by San Diego’s Public […]
Can a Hedge Fund Save RadioShack?
47/Wall St – Shares of struggling electronics retailer RadioShack Corp. (NYSE: RSH) were up more than 16 percent on Wednesday on news that a hedge-fund manager who likes investing in troubled companies has taken an 8.1 percent stake in the […]
Singapore Long-Only Hedge Funds Defy Capital Rut: Southeast Asia
Bloomberg – Managers of long-only funds in Singapore that invest mainly in Asian stocks are winning client money, shrugging off difficulties in raising capital faced by smaller hedge funds in the region. Assets under management of such funds in the city-state […]
Hedge funds get bigger as returns get smaller
CNN – 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. […]
Hedge funds approach BoE minutes with bullish sterling bets
Reuters – Hedge funds are approaching Wednesday’s Bank of England minutes betting the pound will extend its surge to a one-year high against the euro but wary the bank could signal interest rate rises may be pushed back. Many hedge […]