Monthly Archives: January 2013
Morningstar: Hedge Funds Up 1.2% in December
New York (HedgeCo.Net) – Hedge fund research firm Morningstar has reported in it’s preliminary hedge fund performance for 2012 as well as estimated asset flows through November. The Morningstar MSCI Composite Hedge Fund Index rose 1.2% in December and advanced […]
BNY Mellon’s Fund Of Hedge Fund Assets Rise By $20 Billion
New York (HedgeCo.Net) – BNY Mellon, the global leader in investment management and investment services, has been recognized as the world’s largest Fund of Hedge Fund (FoHF) administrator in HFMWeek’s bi-annual administrator survey. BNY Mellon saw its FoHF assets under […]
Major Hedge Fund Will Run Two Sets Of Books
Forbes – Bridgewater Associates, one of the largest hedge funds in the world with $120 billion in assets, will soon use Northern Trust to shadow the fund administration work it outsourced to BNY Mellon in 2011. For asset managers, outsourcing […]
Hedge fund researcher wins OP-Pohjola award
Investment Europe – Finnish financial group OP-Pohjola’s Group Research Foundation Doctoral Thesis competition has awarded its prize of €10,000 to Petri Jylhä, for his work “Essays on the Economics of Hedge Funds”. The doctoral dissertation consists of four essays that […]
Hedge Funds Help Portugal Access International Debt Market
WSJ – Hedge funds haven’t always attracted good press, particularly during Europe’s financial crisis. They have been accused of generating unhelpful volatility in the sovereign debt markets that have contributed to soaring yields on euro-zone debt and higher costs of […]
Apple dragging down hedge funds
CNN – Shares of Apple have plunged more than 35% since mid-September, when they hit an all-high of $705. And hedge funds held roughly 3.1% of Apple’s outstanding shares, as of Sept. 30, according to FactSet. Greenlight Capital, run by […]
Newt’s new gigs, following the Sandy money, and hedge-fund matchmakers
Reuters – One of my favorite side stories of last year’s presidential campaign had to do with the details that emerged about all the money Newt Gingrich had been making in recent years from speeches, books and lobbying (which he […]
Hedge Funds Moving To Florida
New York (HedgeCo.Net) – Tired of New York’s high city and state tax rates, the New York Post reports that some hedge funds are moving to Florida’s Palm Beach County. “You weigh all of the benefits for being here to […]
‘Wall St.’ flees NY for tax-free Fla.
NY Post – The city’s hedge-fund executives are flying south — and it’s not for vacation. An increasing number of financial firms, especially private equity and hedge funds, are fed up with New York’s sky-high city and state tax rates […]
Rothschild reports Bumi hedge funds to Panel
Telegraph – The scion of the banking dynasty has informed the Panel, which adjudicates in the matter of such City disputes, that he believes Route One and Orchard Capital are connected to the Indonesian family, which, with linked investors, already […]
A Hedge Fund Dogfight, Live, Mesmerizes Wall Street
Dealbook – For a half-hour on Friday afternoon, the eyes of Wall Street were not on the usual fixations, like the fiscal talks in Washington, or Apple’s earnings or a potential takeover of Dell. Instead, they were turned to the […]
Agrium goes on offensive to fight off activist Jana
Financial Post – After absorbing months of pointed criticism, Mike Wilson is finally going on the attack. On Monday, Agrium Inc. will launch an offensive against activist hedge fund Jana Partners LLC, which has proposed five dissident board members for […]