Monthly Archives: January 2014
Academic study uncovers ageing hedge fund traders’ pursuit of ‘warrior physique’
EFC – Beware ageing male hedge fund traders. A new study of a London fund has found that older men in hedge funds are prone to enthusiastic exercise in an attempt to achieve a hyper-masculine, super-fit, warrior-style physique. The study* was […]
World Energy under pressure from activist shareholder
Telegram – A hedge fund that holds a large stake in World Energy Solutions Inc. is pushing the company to appoint new directors, get rid of one business and maybe even sell the company. Ardsley Partners of Stamford, Conn., wrote […]
JPMorgan profit hit by Madoff, weaker investment banking
Reuters – JPMorgan Chase & Co. posted a 7.3 percent decline in quarterly profit on Tuesday [Jan. 14], as legal woes and weak demand for investment banking services capped off a tough year for Chief Executive Jamie Dimon. The largest […]
Google Acquires Nest For $3.2 Billion
Geek Beat – Just when you thought the end of CES meant you had a bit of breathing room, Google drops a bombshell on the tech community. They’ve come to an agreement to acquire Nest, of elegant thermostat fame. They’re […]
Activist Hedge Fund Wants Changes At Juniper
New York (HedgeCo.Net) – Tech company Juniper Networks saw its stock rise nearly 10% yesterday when Paul Singer’s hedge fund, Elliot Management, sent the board of directors suggestions on how to boost their share price and increase profits. The $23 billion hedge fund holds 6.2% […]
SEC Targets Hedge Fund Compliance Officers
WSJ – Securities regulators may have a new target in their sights: compliance officers at hedge-funds. Nearly two years after hedge-fund and other private-fund advisers of a certain size were required to register with the Securities and Exchange Commission and […]
Hedge Fund Backs Men’s Wearhouse Bid for Jos. A. Bank
NYT – One of the biggest investors in Men’s Wearhouse is officially on board with the retailer’s $1.6 billion hostile bid for Jos. A. Bank. Eminence Capital, which owns a 9.8 percent stake in Men’s Wearhouse and a 4.9 percent […]
SS&C GlobeOp Hedge Fund Performance Index
New York (HedgeCo.Net) – Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 3.56% in January. “In line with year-end portfolio rebalancing, overall capital activity increased for the month of January, with redemptions reaching a 12 month-high,” said Bill Stone, […]
Ex-Citigroup Executive John Havens Joins Napier Park as Chairman
BusinessWeek – John Havens, who stepped down from Citigroup Inc. on the same day Chief Executive Officer Vikram Pandit resigned in October 2012, will join the bank’s former hedge-fund arm as non-executive chairman and partner. The firm, now known as […]
Hedge Fund Trends And Predictions For 2014
New York (HedgeCo.Net) – Steve Nadel, partner in the Investment Management practice of law firm Seward & Kissel LLP, has put together some trends and predictions for the hedge fund industry in 2014. Nadel’s 2014 Hedge Fund Industry Predictions: · […]