Monthly Archives: January 2013
RBS to Slash Bonuses to Pay LIBOR Fines
HedgeWorld – Royal Bank of Scotland is preparing to slash bonuses for its investment bankers this year to help pay fines for its role in an interest rate rigging scandal, a source familiar with the situation said. The partly state-owned […]
Clearinghouses Embroiled in Swaps Data Fight
Reuters – The CME Group and Depository Trust and Clearing Corporation are locked in a controversial battle regarding the dissemination of cleared swaps data to regulators and the public, a primary tenet of the G20 regulatory commitments and Dodd-Frank statute, […]
Hedge-Fund Leverage Rises to Most Since 2004 in New Year
Bloomberg – Hedge funds are borrowing more to buy equities just as loans by New York Stock Exchange brokers reach the highest in four years, signs of increasing confidence after professional investors trailed the market since 2008. Leverage among managers […]
Hedge funds say good riddance to 2012
CNN Money – Harpooning JPMorgan’s London Whale? Nope. Despite sniffing out and profiting from JPMorgan’s bet on an obscure credit derivative index, Boaz Weinstein’s Saba Capital appears to have lost money for investors in 2012. The fund lost 2.7%, through […]
Obama nominates Lew to succeed Geithner at Treasury
Reuters – President Barack Obama on Thursday nominated his chief of staff, Jack Lew, as the next Treasury secretary, praising him as a expert on the pressing national issues of U.S. government spending cuts and deficit reduction. If confirmed by […]
London Quantitative Hedge Funds Report Second Year of Losses
Bloomberg – Hedge funds that use computers to follow trends lost money for a second straight year in 2012 as political debates over the U.S. fiscal cliff and Europe’s sovereign-debt crisis roiled markets. The Newedge CTA Trend Sub-Index, which tracks […]
Clive Hedge Fund Assets Said to Fall by 46% After Loss
Bloomberg – Clive Capital LLP’s assets plunged 46 percent in 2012 after the commodity hedge fund lost money for a second year running and investors withdrew their cash, said two people with knowledge of the matter. Clive ended the year […]
Herbalife Unleashes Volley at Fund
WSJ – Herbalife Ltd. trotted out slides, videos and a business-school professor Thursday as it sought to counter a hedge-fund manager’s assertion that the company is a pyramid scheme. Two hedge-fund rivals are squaring off over Herbalife, with one saying […]
TrimTabs and BarclayHedge Report Hedge Funds Take in $4.7 billion in November 2012
BarclayHedge and TrimTabs Investment Research reported that the hedge fund industry took in a net $4.7 billion (0.3% of assets) in November, reversing a $10.3 billion outflow in October. The results are based on data from 2,935 funds. The latest […]
Hedge Funds Finish the Year with Gains and Outperform the S&P 500 in Q4
The Hennessee Hedge Fund Index advanced +1.45% in December (+6.99% YTD), while the S&P 500 increased +0.71% (+13.40% YTD), the Dow Jones Industrial Average gained +0.60% (+7.26% YTD), and the NASDAQ Composite Index advanced +0.31% (+15.92% YTD). Bonds were down, […]
JP Morgan to Disclose Shadow NAVs Daily
J.P. Morgan Asset Management today announced that three of its U.S. money market funds will begin to disclose their market-based NAVs per share (also known as Shadow NAVs) on a daily basis. This additional disclosure will provide investors with greater […]
SAC Capital said to raise hedge fund bonuses amid insider probe
Stamford Advocate – SAC Capital Advisors is raising bonuses for its portfolio managers by 3 percentage points to help retain employees as the U.S. government’s insider-trading probe moves closer to Steven A. Cohen’s $14 billion hedge fund, according to a […]