Monthly Archives: January 2011
Big Short Eisman Vies With Goldman in Faceoff Over For-Profits
Bloomberg – U.S. higher-education stocks fell 48 percent from April to October last year as the federal government proposed tighter regulation and short sellers led by hedge-fund manager Steve Eisman targeted for-profit colleges. Eisman, whose early bet against the housing […]
Williams taps hedge fund experience at helm of Florida pension
Pensions & Investments – Ashbel C. Williams Jr. is possibly the only former hedge fund manager now leading a major pension fund. He was hired as executive director and chief investment officer of the Florida State Board of Administration in 2008 […]
Bullish Gold Bets by Funds Slump on Worst Price Slide Since 1997
Bloomberg – Hedge funds are unloading bullish bets on gold as a slide in prices sends the metal to its worst start to a year since 1997. Holdings in silver dropped to the lowest since February. Managed-money funds held net-long […]
Eisman’s fund down 8.3 pct in 2010
NY Post – Hedge fund manager Steve Eisman’s FrontPoint Financial Services fund fell 8.3 percent in value in 2010, the New York Post said, citing reports sent to clients. Eisman’s assets under management fell to about $725 million from $1.3 billion […]
Judge Considers Probe of WaMu’s Chapter 11: Implications for Hedge Funds and Shareholders
Seeking Alpha – Federal bankruptcy Judge Mary F. Walrath indicated on Thursday that she may allow for an examination into allegations that four hedge funds had participated in insider trading regarding Washington Mutual’s chapter eleven proceedings. Suspicions were originally raised […]
The Secret Behind The #7 Best Performing Hedge Fund Of 2010: The 10 Math Geniuses They Got In China
Business Insider – Brian Taylor’s Pine River Capital returned 91% in 2009 and in 2010, one of their portfolios, Steve Kuhn’s $1.2 billion portfolio, returned 27% betting on the same strategy. His bet was basically that the market, which was implying […]
Hedge Fund Roc Capital Management Sells Minority Stake to Vanisha Bhatia
Bloomberg – Roc Capital Management LP, a New York-based hedge fund, sold a minority stake to Vanisha Mittal Bhatia, daughter of ArcelorMittal’s Lakshmi Mittal, the world’s fifth-richest man. Bhatia, 30, and her husband, Amit Bhatia, 31, this month purchased the stake of […]
Trading probe reveals the temptations for ‘experts’
Reuters – Expert network firms, currently the focus of a major U.S. insider trading investigation, have never had to work too hard to find midlevel corporate executives willing to moonlight as paid consultants. With consultants earning anywhere from $200 to […]
Fund Of Hedge Fund Launch: The Miles Howland Socially Responsible Investment Fund
New York (HedgeCo.net) – Miles Howland & Co. LLC is developing a new fund of hedge funds that focuses on the socially responsible investment (SRI) area, the Miles Howland Socially Responsible Investment Fund. The new FoHF will allocate capital to […]
William Blair & Co. to buy Guidance Capital assets
Bloomberg – Investment firm William Blair & Co. has agreed to buy certain assets of hedge fund manager Guidance Capital LLC. William Blair said it expects to complete the transaction in the first quarter of this year. It did not disclose […]
Falcone’s flagship hedge fund sees more red
Reuters – Philip Falcone’s flagship hedge fund started 2011 right where it ended 2010 — in the red. Additionally, Falcone, who rocketed to fame on a bet against the housing market, stopped reporting his Harbinger Capital Partners funds’ returns to HSBC’s […]
Mutual Fund That Acts Like a Hedge Fund Launched by Frost Advisors
New York (HedgeCo.net) – Texas-based Frost Investment Advisors has launched the Frost Diversified Strategies Fund (FDSFX), providing investors access to alternative investment management strategies previously available to hedge fund and private equity fund investors. “The Frost Diversified Strategies Fund is […]