Monthly Archives: January 2013
NY Times – A New York State appeals court dismissed a lawsuit brought by hedge funds against Porsche on Thursday, handing the German automaker a big victory in the long-running legal battle over its attempted takeover of Volkswagen. The Appellate […]
One Of The Biggest ‘Hedge Funds’ In The World Is Getting Destroyed By The Yen
(Business Insider) One of the biggest leveraged hedge funds in the world got hit with a 2×4 during the 4th Q. This fund has a mixed bag of assets, but was heavily exposed to big FX positions. The fund made […]
The Big Fiscal Cliff Deal Winners: Hedge Fund And Private Equity Moguls
(Forbes) In 2010 Steve Schwarzman, who runs the private equity and hedge fund behemoth the Blackstone Group, compared efforts to raise taxes on private equity and hedge fund managers with Hitler’s invasion of Poland. Schwarzman ended up apologizing for the […]
Buffett Is Still Crushing That Bet He Made Against Two Hedge Fund Managers In 2008
(Business Insider) It’s 2013, and that means that Warren Buffett is 5 years into a bet he made against two hedge fund managers at New York based fund Protege Partners. Back in 2008, Buffett told Ted Seides and Jeffrey Tarrant […]
Hedge fund industry loses out again
(Financial Times) — Bearish hedge fund managers have lost out in 2012, with the $2tn industry suffering another year of disappointing returns as traders were wrongfooted by a change in fortunes for the eurozone. According to Hedge Fund Research, slight […]
Hedge Fund Administrator GlobeOp Opens Green Mumbai Office
New York (HedgeCo.net) – GlobeOp Financial Services has added a hedge fund administration and data centre facility in Airoli in Mumbai. The new office is located in the same Airoli business complex as GlobeOp’s third Mumbai office, opened in 2009. More than 1,675 […]
Private Equity Growth Capital Council Names Steve Judge President and CEO
The Private Equity Growth Capital Council (PEGCC) today announced that Steve Judge has been appointed president and chief executive officer. Judge succeeds Douglas Lowenstein, who stepped down last year. Since August 2011, Judge served as interim president and chief executive […]
Hedge fund Gottex to cut costs as assets shrink
Reuters – Swiss fund of hedge funds manager Gottex GFMS.S said it would slash running costs by 15 percent in 2012 after assets fell by some $1 billion (637 million pounds) from a year earlier as some large clients pulled […]
Hedge-Fund Bulls Add to Bets as Rally Accelerates: Commodities
Bloomberg – Hedge funds increased wagers on rising commodity prices to the most in two months and the rally in raw materials accelerated as the Federal Reserve pledged to keep borrowing costs low for three more years. Money managers raised […]
BlueCrest set for $235m IPO of BlueTrend
Telegraph – BlueCrest, which manages assets of $28.6bn altogether, shot to fame when it part-relocated to Geneva for tax reasons in 2010. BlueTrend will be the second fund the firm spins out into a second listing after its AllBlue business […]
Did Hedge Funds Trigger the Financial Crisis?
CNBC – Hedge funds have mostly been exonerated in the typical narrative of the financial crisis, which concentrates blame on some combination of mortgage lenders, investment banks and government agencies. A new paper by Yale professors Gary Gorton and Guillermo Ordonez, however, […]
Alden Global maneuver sets off speculation about Philly newspapers
Philadelphia Inquirer – Over the summer, Alden Global Capital acquired 100 percent of the Yardley-based Journal Register Co. newspaper chain when it bought the shares owned by fellow hedge fund investors. Now Alden Global may be looking to reduce or […]