Monthly Archives: January 2014
Gold rallies to highest in a month as U.S. jobs growth slows
Reuters – Gold extended gains to a third session on Monday to hit its highest in a month after a surprisingly weak U.S. jobs report stoked expectations that the Federal Reserve could temper the pace of its stimulus wind-down. A weaker U.S. dollar […]
Hedge Fund Capital Greenwich Borrows Most in 358 Years
Bloomberg – Greenwich, Connecticut, the top-rated home to hedge funds AQR Capital Management and Traxis Partners, is selling the most debt in its 358-year history. The offering of $85 million in one-year notes on Jan. 16 will pay for a […]
Former hedge fund trader Julian Rifat set to be charged in insider trading case
Telegraph – British regulators are set to charge a former hedge fund trader over allegations he was involved in an insider trading ring. Julian Rifat, a former trader at US hedge fund Moore Capital, was arrested in March 2010 as […]
Hedge Fund Bullish Oil Wagers Drop as Fuel Supply Gains: Energy
Bloomberg – Hedge funds became less bullish on crude oil for the first time in six weeks as U.S. inventories of fuel expanded at a time of weakening demand. Money managers cut net-long positions, or wagers on rising prices, for […]
Australian super funds report best performance since 2007
Guardian – Australian superannuation funds have recorded their best performance in seven years as the total worth of the nation’s superannuation pool grew to $1.62tn. The industry-wide rate of return for superannuation funds in the year to 30 June 2013, […]
Hedge Fund Giant Blackstone To Sell Almost 9 Million Class A Shares
New York (HedgeCo.Net) – Hedge fund investor Blackstone hopes to raise $227.4 million in a public offering of eight and a half million shares of its class A common stock. Blackstone Mortgage Trust, Inc., wants to buy up additional commercial mortgage […]
The SEC’s 2014 Hedge Fund Examination Priorities
New York (HedgeCo.Net) – The SEC has published its 2014 NEP examination priorities for hedge funds, private equity funds, investment advisers and other self-regulated organizations. Priorities specific to hedge funds: Annual exams mandated by the Dodd-Frank Act; The NEP will continue its […]
Senate to quiz U.S. regulators on Wall Street commodity bets
Reuters – A Senate panel will hold a hearing next week to question financial regulators over Wall Street’s role in physical commodity markets, drawing fresh attention to a controversy over the possible risks posed by the involvement of the largest […]
The World’s Biggest Hedge Fund Had a Pretty Bad Year
New York Magazine – Ray Dalio, the billionaire founder of hedge-fund behemoth Bridgewater Associates, had a great 2013 in terms of making YouTube videos and pissing off boaters in Connecticut. But investing? Not so hot. Bridgewater, which is known on […]
Billionaire Paul Singer’s Hedge Fund Accepts McKesson’s Higher Bid For Celesio, Reaches Deal With Compuware
Forbes – Billionaire New York hedge fund manager Paul Singer is known for conducting a long financial battle against Argentina and making political contributions to Republican causes. But at his core he is an activist hedge fund manager and he is making […]
SAC’s Martoma tried to cover up fraud at Harvard, documents show
Reuters – Years before he was accused of insider trading, former SAC Capital Advisors portfolio manager Mathew Martoma forged a Harvard transcript, falsified an email, and created a dummy forensic computing company to try to cover his tracks, according to […]
Hymowitz Wins $600 Million to Back Activists From Ubben to Peltz
Business Week – Hymowitz, the money manager who began backing activists such as Carl Icahn and Warren Lichtenstein more than a decade ago, is seeking to capitalize on a wave of hedge funds now pushing for changes at companies from Apple […]