Monthly Archives: January 2013
State pension board made expensive bet on hedge funds
Philly.com – Back in 2006, the Pennsylvania State Employees Retirement System (SERS) and its board, headed by ex-state Rep. Nicholas Maiale (D., Phila.), gave more than $3 billion to six private investment firms so they could use it to buy high-priced hedge fund investments, […]
Hedge Funds Boost Bullish Bets by Most Since July: Commodities
Bloomberg – Hedge funds increased bullish commodity bets by the most in six months as accelerating growth from China to the U.S. boosted prices for a seventh week. Speculators raised net-long positions across 18 U.S. futures and options by 11 percent to 758,048 […]
Compuware to hedge fund: Software biz is not for sale… at that price
The Register – After a little more than a month of careful consideration, systems and application performance management software maker Compuware has told Paul Singer, who runs the Elliott Management hedge fund, that he can keep his $2.3bn and that […]
The January 2013 Eurekahedge Report: Industry Assets Grew by $64.5 Billion
New York (HedgeCo.Net) – January’s The Eurekahedge Report, places the spotlight on the North American hedge funds sector which has delivered returns of 54.25% since the financial crisis, gained nearly US$50 billion in 2012 and currently stands at US$1.2 trillion. […]
Appleby boosts funds and finance capability with arrival of Ian Gobin
Appleby’s Cayman office has added further strength to its global funds and finance teams with the appointment of funds and finance heavy hitter, Ian Gobin, to its Cayman practice. Ian is returning to the Cayman Islands, having spent eleven years […]
Insider Trading: California Hedge Fund Founder Gets 2 Years Behind Bars
New York (HedgeCo.Net) – San Francisco hedge fund founder Doug Whitman was sentenced yesterday to two years behind bars after a conviction on securities fraud and conspiracy charges. Whitman Capital, the hedge fund he had presided over had about $100 million in assets. […]
Market Report: US hedge fund star starts Vodafone rush
Independent – Punters were dialling up their brokers to buy shares in Vodafone today after a decree from American hedge fund star David Einhorn. Mr Einhorn, who runs Greenlight Capital in the US and has returned roughly 20 per cent a […]
Hertfordshire Pension Makes First Allocation to Hedge Funds
Bloomberg – The public pension for employees of the Hertfordshire County Council, in the commuter belt north of London, is making its first hedge-fund investments to reduce its weighting in equities and boost returns. The 2.5 billion-pound ($3.9 billion) fund hired LGT […]
Rollergirl Displeased With Hedge Fund Manager
NPR – I am constantly amazed by the things I learn from your show, but for the first time one of the subjects hit home more directly than I’d expected. I have been using Herbalife products for about a year […]
The 10 Hedge Funds With The Biggest Stakes In Apple
BusinessInsider – Tech giant Apple posted disappointed earnings results yesterday and missed analysts’ expectations pretty much across the board. The stock, which has been a hedge fund favorite for quite some time, was last down more than 11.6% today. Read […]
Asset Value Investors In-Sources with Paladyne Suite
Paladyne Systems, Inc., a Broadridge Financial Solutions, company (NYSE:BR) and leading provider of next generation investment management solutions, today announced that long-only traditional asset management firm Asset Value Investors (AVI) has selected and implemented Paladyne to bring greater ownership and […]
Former officials tell hedge funds: Be ready for the regulators
Reuters – U. S. securities regulators are watching hedge funds more closely than ever, and former Securities and Exchange Commission officials and industry experts are urging managers to be ready when federal examiners come knocking. For roughly a year now, once-secretive hedge […]