Monthly Archives: January 2012
Paulson After Worst Year Takes Cue From Griffin Climbing Back
San Francisco Chronicle – John Paulson, the billionaire money manager who’s vowed to restore his hedge fund to profitability after the worst year of his career, may have to take a cue from rival Ken Griffin. Paulson’s $28 billion firm, […]
Stenham Asset Management launches new global macro fund of hedge funds
Banking Business Review – UK-based Stenham Asset Management has launched a new Global Macro fund of hedge funds – Stenham Helix. The company said that the fund aims to invest in similar types of macro managers but to assemble a […]
Former Soros Trader Said to Return Outside Money in Asia Hedge Fund Penta
Bloomberg – Former Soros Fund Management LLC trader John Zwaanstra plans to return outside capital in Penta Investment Advisers Ltd., the Asia-focused hedge fund he set up in 1998, said two people with knowledge of the matter. The company plans […]
Credit Suisse’s Sohn Said to Plan Hedge Fund This Year
Bloomberg: Albert Sohn, the former head of securitized products at Credit Suisse Group AG (CSGN), plans to start a hedge fund this year within the bank’s asset-management unit, according to a person familiar with the matter. Sohn, 41, is planning […]
Hedge Funds Fell 4.9% in 2011 as European Debt Crisis Hurt Global Stocks
Bloomberg: Hedge funds fell 4.9 percent last year as global stock markets slumped amid fears that the European sovereign-debt crisis would spread and managers struggled with increased market volatility. The Bloomberg aggregate hedge-fund index (BBHFUNDS) dropped 0.9 percent in December, […]
Stenham unveils global macro fund of hedge funds
CityWire – Stenham Asset Management has launched a global macro fund of hedge funds. The Stenham Helix fund invests in macro managers, similar to its flagship Stenham Trading fund, although Stenham Helix also aims to create a portfolio offering monthly […]
Hedge fund with $100 million in Ky retirement money fails, will shut down
The Republic – A Connecticut-based hedge fund that included $100 million in investments by the Kentucky Retirement Systems has failed and will shut down. T.J. Carlson is chief investment officer for the Kentucky Retirement Systems. Carlson told the Lexington Herald-Leader that Arrowhawk Capital Partners […]
London hedge fund in sale talks with private equity
London Evening Standard – GlobeOp Financial Services, one of the leading suppliers of back office support to hedge funds, said today that it is in takeover talks with two private equity houses. It has hired Evercore Partners to oversee a […]
Partners share £27 million at Paulson’s London arm
Reuters – Profits at Paulson Europe, the UK-based arm of John Paulson’s hedge fund firm, fell 17 percent in the year to end-March, reflecting losses in the billionaire investor’s funds, although its four partners still shared a 26.5 million pound […]
How Europe’s year of indecision sowed the seeds of future conflict
Guardian – The dire economic situation in which most of the rich world found itself in 2011 was not merely the result of impersonal economic forces, but was largely created by the policies pursued, or not pursued, by world leaders. […]
Malta Lures Hedge Funds With Sun, EU Rules
Bloomberg – Erik Nelson was working in Stamford, Connecticut, as a research analyst at FMG USA LLC, the U.S. arm of FMG, a fund of funds specializing in emerging and frontier markets, when his bosses called him into a meeting in […]
Hedge Fund Advisor Gemini Expands With Nine Funds
New York (HedgeCo.net) – Hedge fund advisor Gemini Fund Services, LLC., has announced the expansion of the Northern Lights Variable Trust (NLVT) with the addition of nine funds throughout 2011, the NLVT now comprises 14 funds in total, with over […]