Monthly Archives: January 2014
Insider trading trial puts SAC hedge fund under further pressure
Guardian – A trial starting this week over what US prosecutors say is the most lucrative insider trading scheme ever is expected to bring further pressure on Steven A Cohen, the founder of the SAC Capital Advisors hedge fund. Mathew […]
Glenview’s Robbins Tops Hedge-Fund Ranking
Bloomberg – When Larry Robbins was a boy in the Chicago suburbs, his father, Sheldon, worked two jobs and wasn’t around much. If the young Robbins wanted to see him on weekends, he had to travel to Arlington Park, a […]
Hedge Fund Trader Mathew Martoma Denied “Consciousness Of Guilt” Defense
New York (HedgeCo.Net) – The trial against former SAC Capital trader Mathew Martoma for insider trading during an Alzheimer disease drug trial has started this week in that is being called the most lucrative hedge fund insider trading cases ever prosecuted. CBS […]
ETFGI: ETFs Close to Surpassing Hedge Funds in Size
ETF Trends – A hedge fund is a fund that can take both long and short positions, use arbitrage, buy and sell undervalued securities, trade futures and options, and invest in almost any asset class or market where it sees […]
Oak Hill Advisors And OHorizons Global Acquire Assets Of DGH-Group
Oak Hill Advisors, L.P. and OHorizons Global, Inc. announced today the acquisition of Druckguss Heidenau GmbH, Druckguss Hof GmbH, and Zerspanungs-und Industrie-technik Dohna GmbH from insolvency administrator Dr. Franz-Ludwig Danko. The assets have been acquired by newly formed entities DGH Heidenau […]
EU bank trading plan stops short of U.S. Volcker rule
Reuters – Banks in the European Union face limits on taking market bets with their own money under a draft EU proposal that represents a central plank of attempts to prevent a repeat of the financial crisis of 2007 to […]
Hedge fund to lose most of $80M Loehmann’s investment
NYP – Hedge fund Whippoorwill Associates is about to get a discount it does not want from Loehmann’s, the bankrupt Bronx retailer. Most of the $80 million Whippoorwill invested in the off-price chain will be lost, a sources close to […]
Throgmorton UK Appoints New Business Development Director
Throgmorton, one of the UK’s largest specialist accountancy and back office service providers, has announced the hire of Denis Jackson as the firm’s Business Development Director to lead the company’s drive into new markets. The appointment comes as Throgmorton continues […]
Hedge fund managers crossing their fingers for volatility
Pensions & Investments – Far from fearing volatility, hedge fund managers are looking forward to a rockier investment climate this year, one that will allow them to do what they do best: make money on both the long and short […]
Hedge Fund Agecroft Predicts 10 Industry Trends for 2014
Agecroft’s predictions for 2014: 1. Continued strong positive flows into the hedge fund industry driven by large institutional investors. 2014 should see the hedge fund industry reach a new all-time peak in assets as institutional investors continue to shift money […]
Winklevoss Twins Backing New Hedge Fund
WSJ – Cameron and Tyler Winklevoss, the 32-year-old brothers famous for their legal tangle with Mark Zuckerberg and Facebook Inc. are backing a new hedge fund run by fellow Harvard College graduate Aalap Mahadevia, according to people with direct knowledge of the plans. The fund, […]