Monthly Archives: February 2015
Hedge fund: ‘Distressed cycle’ for energy coming
CNBC – Another big hedge fund manager is getting ready to make money on the crash in energy prices. “For the first time in years, the high-yield selloff has created opportunities to buy sound, albeit leveraged, companies at expected compound […]
$450,000 for a Vacation? Inside a Billionaire’s Divorce
NBC – The divorce of hedge fund billionaire Ken Griffin just keeps on providing revelations about the couple’s spending. Last month, we learned that the family spent $1 million per month in expenses related to their three kids. The filings […]
Biggest Hedge Fund Run by a Woman Emerges After Braga Spinoff
Bloomberg – Leda Braga stood on a stage at Geneva’s InterContinental hotel this month and began singing “Happy.” “Can’t nothing bring me down,” the hedge-fund manager known to some as Lady Braga shouted to about 80 employees, her voice hoarse […]
Ex-hedge fund analyst pleads guilty in NYC to copying trading code
Reuters – A former analyst for hedge fund Two Sigma Investments pleaded guilty in New York state court on Tuesday to stealing proprietary trading models from his employer. Kang Gao, a Chinese national, pleaded guilty to one count of unlawful […]
Billionaire John Paulson Backs Valeant’s Takeover Of Salix Pharmaceuticals Amid Consolidation Bet
Forbes – Paulson & Co. is supportive of Valeant Pharmaceuticals $158 a share takeover of Salix Pharmaceuticals, after the merger focused hedge fund added to its bets on the consolidation of the pharmaceutical sector in the fourth quarter by taking […]
Hedge Fund Crime Ring Uncovered, A Dozen Criminals Brought to Justice
New York (HedgeCo.Net) – Nearly a dozen fraudsters who conspired to operate the $40 million Black Diamond hedge fund Ponzi scheme will be spending plenty of time behind bars after a joint effort by the FBI, the Internal Revenue Service, […]
Hedge fund Greylock hires new head of research
Reuters – Hedge fund Greylock Capital Management has hired Jonathan Prin as its new managing director and head of research. Prin, who was previously a portfolio manager in JP Morgan Asset Management’s fixed-income group, replaces Juan Pedro “JP” Moreno, who […]
The Hedge Fund Deluge 2015?
Forbes – Many hedge fund managers received some gloomy news at the end of 2014. Apparently, the party was over. “Reputable sources” revealed that some unhealthy combination of pension fund withdrawals, lackluster performance, regulatory burdens or the advance of liquid […]
Hedge funds show appetite for Burger King/Tim Hortons merger
HedgeWeek – The financial and industrials sectors saw the largest amount of hedge fund buying activity in Q4 2014, with Industrials always being a net buy throughout the calendar year. That’s according to S&P Capital IQ’s latest Quarterly Hedge Fund […]
Former Tudor Partner Plans Asia Hedge Fund Backed by Temasek
Bloomberg – Allen Chu, a former partner of Paul Tudor Jones’s Tudor Investment Corp., plans to start his own hedge fund in Singapore in April, betting on rising and falling stocks in Asia. Aventia Master Fund, of which Chu is […]
More hedge fund investors head for the exits
CNBC – Investor requests to withdraw money from hedge funds rose this month compared with February 2014, data from SS&C portfolios showed on Friday. The SS&C GlobeOp Forward Redemption Indicator, a snapshot of withdrawal requests expressed as a percentage of […]
Man Group Expands GLG Hedge Fund Arm In Japan
New York (HedgeCo.Net) – Man Group is adding to its portfolio by acquiring the Tokyo based Japan Long Short Equity Strategy fund, the investment management business of NewSmith LLP, an equity investment manager with $1.2 billion of funds under management. […]