Monthly Archives: January 2013
California Hedge Fund Manager Jailed For Fraud
New York (HedgeCo.Net) – Albert Ke-Jung Hu, a silicon valley hedge fund manager, has been jailed for 12 years on charges of defrauding investors out of at least $6.5 million. “Instead of investing the money as promised, Hu “converted that money […]
Hedge funds nurse heavy losses after UPS-TNT deal collapses
Reuters – United Parcel Service’s decision to abandon its 5.2 billion euro ($6.9 billion) bid for TNT Express has left hedge funds nursing potential losses of more than $700 million, as the Dutch delivery firm’s shares slid. So-called merger arbitrage […]
Hedge Funds’ Manhattan Migration
WSJ – For fledgling hedge funds, Manhattan’s skyline is shining a bit brighter these days. When Chris Hentemann left Bank of America Corp. in the summer of 2008 with an eye toward starting his own fund, he hung his shingle in Stamford, Conn. By […]
Hedge Funds: The Most Expensive Bargain In Town
Seeking Alpha – In all the hullaballoo about hedge funds and the fees they charge, we often miss the important fact that hedge funds have been very successful in generating high risk-adjusted returns at a time when stocks and bonds […]
Myriad, Azentus Post Gains as Asian Hedge Funds Beat Peers
Bloomberg – Myriad Asset Management Ltd. and Azentus Capital Management Ltd. posted gains in 2012 as a market rebound in the last four months of the year helped Asian hedge funds outperform global peers. The Myriad Opportunities Master Fund, a $1.4 billion […]
Insider trading sparks concerns
Nature – It is as predictable as a heartbeat: when crucial medical results are at hand, cardiologist Jean-Luc Vachiery knows that the hedge-fund managers will come calling. Vachiery, who tests experimental therapies for a rare condition called pulmonary arterial hypertension at the […]
Agecroft Partners Predicts Top Hedge Fund Industry Trends for 2013
User Contributed News – Agecroft Partners predicts that the hedge fund industry will set a new record for assets in 2013 despite the lackluster investment performance for the industry over the past two years. This will be driven by pension […]
New Documentary on the Financial Crisis “The Bubble”
User Contributed News – It is official! Tom Woods, a bestselling author from the New York Times is working with a team of experts to release a new documentary called ‘The Bubble’. The creators’ team includes important figures like Jim Rogers, […]
Hedge Fund People: Julie O’Hara Joins Carne’s Global Fund Governance Team
New York (HedgeCo.Net) – Julie O’Hara is the latest independent fund director to join hedge fund advisor Carne Group. Her appointment brings the total number of the firm’s fund directors to twenty. Julie joins Carne from hedge fund law firm […]
SS&C GlobeOp Capital Movement Index: Hedge fund flows declined 2.58% in January
New York (HedgeCo.Net) – SS&C GlobeOp announced that its Performance Index for December measured 1.27% and its Capital Movement Index showed net flows decline 2.58% in January, 2013. There are high volumes of asset movement between funds, with redemptions overtaking […]
Why Twitter and Facebook are stockpickers’ friends
Telegraph – Derwent Capital Management (DCM), which used to run a hedge fund based on Twitter feeds, said it wanted to “create a community of better informed traders”. “Social media creates a vast amount of information, and it has been proven that […]
LindenGrove launches first hedge fund with NewAlpha seed capital
Hedge Funds Review – Former Nomura proprietary traders have launched their first hedge fund. The global macro fund, with a particular focus on inflation and credit, has received seeding from NewAlpha Asset Management. LindenGrove Capital, the hedge fund manager established […]