Monthly Archives: January 2012
Texas Fund ‘Eaten Alive’ by Hedge Fees May Curb Costs by Hiring In-House
Bloomberg – Texas’s Permanent School Fund may hire in-house money managers to oversee its $25 billion in assets because returns are being “eaten alive” by hedge-fund fees, according to Chief Investment Officer Holland Timmins. Returns were less than 1 percent […]
Yen jumps most in a month as hedge funds pile in
Reuters – The yen was on track to post its biggest daily gain in a month against the dollar on Friday, as exporters stepped up month-end purchases and hedge funds piled in, triggering stop losses, traders said. Japanese corporates sold […]
Bridgewater Associates, world’s biggest hedge fund, emerges as one of the best performers
Economic Times – Bridgewater Associates, which manages nearly $120 billion, posted returns of 23 percent in 2011 – a year when the average hedge fund portfolio lost 5 per cent. Against the backdrop of fear over European debt and stagnant global growth, […]
WaMu judge may cancel ruling that allows creditors to claim insider trading by hedge funds
Washington Post – A Delaware bankruptcy judge on Wednesday granted Washington Mutual Inc.’s request that she consider throwing out portions of a September ruling that gave some creditors permission to pursue claims of insider trading by several hedge funds, who […]
Hedgies braving battered markets to go it alone
Reuters – Several high-profile hedge fund managers are preparing to strike out on their own this year, supported by strong followings and unfazed by a year of poor industry performance that has shaken investor confidence in the $2 trillion sector. […]
Hedge fund in multimillion dollar settlement over Dell ‘insider trading’
ComputerWorld – Diamondback Capital Management, a large US hedge fund managing billions of dollars of assets, has settled a groundbreaking FBI case around the alleged $62 million (£40 million) insider trading of Dell and Nvidia stock. The hedge fund will […]
Can Hedge Fund Managers Master Market Volatility?
Advanced Trading – Since the Arab Spring turned into the Euro Summer, the capital markets have been on a roller coaster ride that has Wall Street veterans scratching their heads, investors heading for safer ground and risk-loving hedge fund managers […]
No, Hedge Funds Can’t Foreclose On The Acropolis
NPR – Greece is broke. But there’s no blueprint for a country to declare bankruptcy, so Greece’s creditors are sort of making things up as they go along. “You’re taking some sort of loss,” Hans Humes, of Greylock Capital Management […]
Northern Trust Offers New Fund of Hedge Funds Reporting Platform
Press Release – Northern Trust has enhanced its offering to Fund of Hedge Funds (FoHF) clients with a new reporting platform which provides clients with better, more flexible access to key data elements. This, the latest in a series of enhancements, […]
Hedge funds prepare legal battle with Greece
Reuters – Hedge funds are combing through the small print of Greece’s planned rescue deal with private creditors, readying a wave of potential litigation to squeeze a better payout from the country. Most bondholders face an uphill battle in wringing […]