Monthly Archives: January 2014
Hedge fund acquires stake in Dow, calls for spin-off
Philly.com – Third Point L.L.C., the hedge fund led by the billionaire Daniel Loeb, has taken a stake in Dow Chemical Co. and called for a spin-off of its petrochemicals business to improve profitability. Third Point’s stake in Dow is […]
Hedge fund analyst runs record 77 miles in 12 hours
CNBC – By day, Chris Solarz analyzes hedge funds for big pensions, endowments and other clients of investment consulting firm Cliffwater. By night—and early mornings and weekends—Solarz is a serial world record setter in tests of extreme endurance. The 35-year-old’s latest […]
Lees’ hedge fund hotel plots Asia push
FN – The company, which incubates small hedge funds and brokers, has benefited over the past two years as the top-tier investment banks have trimmed their smaller, less profitable clients. Lees, who built the execution business of French brokerage Cheuvreux, […]
Hedge Funds Snubbed as Iceland Reviews Bankruptcy
Bloomberg – Hedge funds and other creditors in Iceland’s failed banks are trying to get a response from the nation’s authorities on the status of their claims as the government considers amending the bankruptcy law. More than five years after […]
V2 Capital Announces $200 Million Investment in Hedge Fund
Jan 22, New York (HedgeCo.Net) – V2 Capital, an SEC-registered investment advisor, received a $200 million dollar allocation from a Fortune 500 insurance company to the V2 Hedged Equity Strategy, the firm announced today. The investment was allocated during the […]
Goldman Vets’ Japan-Focused Hedge Fund Debuts
FinAlternatives – A hedge fund helmed by a trio of former Goldman Sachs bankers has launched its Japan-focused maiden offering. Golvis Investment rolled out its maiden hedge fund earlier this month with employee capital, Bloomberg Newsreports. Early returns are good, with […]
Top Hedge Fund Strategy for 2013: Distressed Debt, up 17.95%
New York (HedgeCo.Net) – Total assets in the hedge fund industry increased by almost 13% during the year to breach the $2.0 trillion mark, Eurekahedge reports today. The total AUM of the industry currently stands at $2.0 trillion. Hedge funds […]
Global Hedge Fund Giant Sells UK’s TDX
New York (HedgeCo.Net) – The $10.5 billion global hedge fund investor, Investcorp, is selling the UK’s largest debt placement services and debt management platform company, TDX, to Equifax Inc., a global information solutions provider, for £200 million ($327 million). Through its technology […]
Hedge funds’ top five currency bets for 2014
Sydney Morning Herald – Hedge funds think 2014 could be the year their currency bets finally pay off, after getting burned last year on trades ranging from the Australian dollar to the greenback. The influence of central banks and competition […]
Hedge fund TCI cuts stake in Royal Mail
Telegraph – Chris Hohn, the boss of TCI, has cut his holding in Royal Mail three months after building it, apparently confirming Vince Cable’s fears that hedge funds would not be long-term holders of the company. In a regulatory statement, […]
Hedge-Fund Manager Elliott Raises Stake in Celesio
Nasdaq – Hedge-fund manager Elliott Capital Advisors has raised its stake in Celesio AG to 32.01%, the German pharmaceutical wholesaler said Monday. The increase comes after McKesson Corp.’s unsuccessful takeover bid for Celesio, in which the U.S. drug distributor failed […]
Goldman Sachs Alumni Said to Open Japan Hedge Fund by March
Bloomberg – Golvis Investment Pte, founded by three former Goldman Sachs Group Inc. managing directors, plans to open its Japan-focused multistrategy hedge fund to investors this quarter, said two people with knowledge of the matter. Golvis Asia Opportunities Fund returned […]