Monthly Archives: January 2011
Goldman Exec Wants More Regulation–Of Hedge Funds, Not Banks
Forbes – Gary Cohn is concerned about under-regulation. The shocking thing about this is that Cohn is president and COO of Goldman Sachs- not exactly a proponent of regulatory overhaul. The not so shocking part about his view is that it […]
Top hedge fund manager turns to tech micro-caps
The Globe & Mail – Canada’s best performing hedge fund manager of the past year has generated triple-digit gains from surging resource stocks, but now expects market leadership to switch to technology wallflowers. “There will be a pullback in resources […]
Subprime Wagers Made by at Least 50 Hedge Funds, Greg Lippmann Told FCIC
Bloomberg – Greg Lippmann, who gained fame for his bets against subprime mortgage securities, brokered wagers against the bonds to at least 50 hedge funds during 2006 and 2007, the formerDeutsche Bank AG trader told the Financial Crisis Inquiry Commission. The […]
UK universities eye and keep an eye on new hedge fund punts
Reuters – Pension schemes are moving away from the usual equity/bond/real estate mix to put their eggs in as many baskets as possible. No wonder then that the USS — the 31.6 billion pounds UK universities pension fund — is putting […]
Investor Fraud Task Force Snags More “Hedge Fund Managers”
New York (HedgeCo.net) – New Jersey hedge fund manager Robert J. Sucarato has entered a guilty plea in connection with a $1.6 million investment fraud scheme, Sucarato is President of the New York Financial Company (NYFC), the Westmoreland Times reported […]
Gottex Client Assets Rise as ‘Life Returns’ to Funds of Funds
Bloomberg – Gottex Fund Management Holdings Ltd. said client assets increased 6.4 percent in the fourth quarter of last year as the Swiss and U.K.-based hedge fund firm added managed accounts and started a joint venture. Fee-earning assets rose to […]
Morningstar Reports Hedge Fund Performance for December and Full Year, Asset Flows Through November
Morningstar, Inc., a leading provider of independent investment research, today reported preliminary hedge fund performance for December and for the year ending Dec.31, 2010 as well as asset flows through November 2010. The Morningstar 1000 Hedge Fund Index rose 4.0% in […]
Read The Fierce Letter/Rant This Hedge Fund Manager Wrote To UCONN’s Athletic Director
Business Insider – Robert Burton, the CEO of Burton Capital Management, is not happy. He donated $3 million to UConn’s football team (he’s donated $7 million over the years), but he wants his money back and his name removed from from a […]
SAC’s Steven Cohen takes a slice of Domino’s Pizza
Reuters – Hedge fund magnate Steven Cohen reported a 5.3 percent passive stake in Domino’s Pizza Inc, sending its shares up 2.4 percent after the bell. Cohen, founder of hedge fund SAC Capital, owns 3.2 million shares of the pizza […]
Event-Driven Hedge Fund Managers Gain 16% In 2010
Barrons – Last year, flexibility was the key to outperforming in hedge funds, according to a study by industry consultant Hennessee Group. In a report out today, it says that managers who keyed on moving as events seemed to dictate rather […]
SEC proposes reporting for large hedge funds
Investment Executive – The U.S. Securities and Exchange Commission proposed a rule Tuesday that would require advisors to hedge funds and other private funds to report certain information to the new U.S. Financial Stability Oversight Council. Under the proposal, larger […]