Monthly Archives: January 2011
Hedge Funds Exceed $1.65 trillion in 2010
New York (HedgeCo.net) – Hedge funds delivered excellent returns of nearly 3%1 in December to end the year on a high note. The Eurekahedge Hedge Fund Index finished 2010 with gains of 10.86%. Growing optimism about the US economy led […]
Goldman Sachs Proprietary Traders Roskis, Benatoff Said to Plan Hedge Fund
Bloomberg – Two Goldman Sachs Group Inc. traders are preparing to start their own hedge fund after new financial regulations restricted banks from risking capital on speculative bets, said a person with direct knowledge of the matter. Ariel Roskis and Daniele […]
People Moves: Gar Wood Expands Hedge Fund Prime Brokerage Unit
New York (Press release) – Gar Wood Securities, LLC hired hedge fund industry veteran John McCorvey III as Senior Vice President of its Global Prime Brokerage business unit to spearhead the expansion of the firm’s Capital Introduction service, and to […]
Hedge Fund Tech Consultant Arrested After Refusing To Cooperate With FBI
New York (HedgeCo.net) – Winifred Jiau, the only technology consultant who was denied bail in last week’s Government clampdown on insider trading at hedge funds is reported to have spoken to Reuters after her arrest. Jiau says she was asked […]
Fourth hedge fund raided by FBI remains a mystery
Reuters – It is one of the mysteries of the federal government’s latest crackdown on insider trading: The identity of a fourth hedge fund searched by Federal Bureau of Investigation agents in mid-November. The raid of the hedge fund occurred […]
Crude Oil May Decline Next Week as Hedge-Fund Buying Drops, Survey Shows
Bloomberg – Oil may fall for a third consecutive week on speculation buying by hedge funds will decline after bullish bets on crude oil rose to the highest level in more than four years in December, a Bloomberg News survey showed. […]
FrontPoint Presses On, With a New Fund to Help It
NYT DealBook – After his flight from Cincinnati landed on Nov. 2, Steven Czech, the hedge fund manager of FrontPoint Partners, turned on his BlackBerry and watched as his phone “lit up like a Christmas tree” with the devastating news that […]
Hedge Funds Gain 1.7% in December, Hit Two-Year Peak
Bloomberg – Hedge funds returned 1.7 percent in December, rebounding from a November loss and ending 2010 at the highest level in more than two years as global equity markets rallied, according to data compiled by Bloomberg. The Bloomberg aggregate […]
Polar Capital shuts £30 million hedge fund
CityWire – The Polar Capital Discovery fund, a £31 million global macro hedge fund, is to wind up. The wind up process will begin immediately, Polar Capital told its investors, and the move will result in a loss of £0.6 million. The […]
Hedge Fund Tax Alert: Reporting of ‘Specified Foreign Financial Assets’
New York (HedgeCo.net) – U.S. taxpayers with ownership in foreign hedge funds, investments and assets may be affected by the Foreign Account Tax Compliance Act (“FATCA”), which was included as part of the 2010 Hiring Incentives to Restore Employment (“HIRE”) […]
TA Associates Bets On Hedge Funds
WSJ – Private equity and hedge funds have been converging for some time. But unlike Blackstone Group LP, which manages funds of hedge funds as a business line, TA Associates Inc. has delved into hedge fund-of-funds through a portfolio investment, taking a […]
Smaller Hedge Funds Set to Emerge in 2011
Wall Street News Cast – As capital inflows begin to peak in the larger hedge funds, increased flows from institutional investors to smaller and startup funds are expected to increase, according to third-party marketing and consulting firm Agecroft Partners. Since […]