Monthly Archives: February 2015
The Hedge Fund Agent In The Boardroom
Forbes – In October, Harry J. Wilson walked up to General Motors Chief Financial Officer Chuck Stevens at the company’s investor day meeting after Stevens indicated during a presentation that GM would not be able to conduct a stock buyback […]
UK Hedge Funds Pay $4 Billion In Tax Revenue
New York (HedgeCo.Net) – The hedge fund sector in the UK last year produced profits and income that have generated an estimated $4 billion in tax receipts to HM Revenue and Customs, up from about $1.7 billion in 2009, according […]
Hedge Fund Social Media Usage to Grow as Funds Become More Transparent
New York (HedgeCo.net) – Long-known for secrecy and operating in the shadows of investment and finance, hedge funds will become increasingly transparent and more active on social media in 2015, according to Peppercomm, an integrated marketing communications agency. “Secrecy is […]
Hedge fund managers Goodwood and GuestLogix go mano a mano
Financial Post – Round one between hedge fund managers Goodwood Inc. and GuestLogix Inc. is over. Both sides have returned to their corners preparing for round two in a battle that may go to 15 and occupy the combatants’ attention […]
Hedge Funds Exit Housing Securities as Prices Rise
(Bloomberg) — Hedge funds that profited on residential mortgage debt after the financial crisis such as Pine River Capital Management and Canyon Partners are trimming their bets as prices rise. Gorelick Brothers Capital is also exiting investments in both uninsured […]
Man GLG macro hedge fund lost 9 percent in January, to shut – sources
(Reuters) – A macro hedge fund managed by the GLG unit of Man Group lost 9 percent in January and is closing, sources said. The performance contrasts with gains in the group’s hedge funds which use computer programs to drive […]
Hedge Funds Appaloosa & Hayman Capital back Harry J. Wilson quest for seat on GM Board
New York (HedgeCo.net) – Stating that GM has not done a good job bringing returns to it’s investors, Harry J. Wilson, is vying for a seat on the GM board. At his back are four hedge funds investors who own […]
San Francisco Pension Board to Weigh 10% Hedge Fund Investment
Bloomberg – The San Francisco Employees’ Retirement System staff is recommending its board consider investing 10 percent of assets in hedge funds, five months after the largest U.S. pension, the California Public Employees’ Retirement System, decided to get out of […]
Hedge Fund Fraud: $10 Billion Recovered For Madoff Victims
New York (HedgeCo.net) – Approximately $355 million is being released to victims of the Madoff hedge fund Ponzi scheme, the Securities Investor Protection Corporation (SIPC) announced today. A separate settlement involving $497 million with “feeder funds” Herald Fund and Primeo Fund, will bring […]
Porsche Wins Home Advantage After Zip Code Clash With Hedge Fund
Bloomberg – Porsche SE won home-court advantage in a $195 million dispute with a hedge fund as judges ruled a trial can take place in Stuttgart even though the carmaker omitted the zip code when it sent its lawsuit to […]
Leon Cooperman ‘embarrassed’ about hedge fund’s losses
NYP – Billionaire hedgie Leon Cooperman told investors he is “embarrassed” about his hedge fund’s losses last year. But unfortunately, 2015 is looking even worse. Cooperman’s Omega Advisors, which fell 2.13 percent in 2014, is continuing its losing streak this […]
Hedge fund star gives warning for road ahead
CNBC – Kenneth Griffin, whose Citadel hedge funds manage $24 billion in assets, said in a letter to investors Monday that he is approaching 2015 with “vigilance” in light of tumultuous market circumstances. “Market conditions remain uncertain,” wrote Griffin, founder […]