Monthly Archives: February 2015
GDP Miss Creates Volatile Market
Volatility has been increasing for several months now, but that has mostly been on a day to day basis, not an hour by hour basis. S&P futures were down as much as 20 points from Thursday’s close in early trading […]
AIMA Parliamentary Reception discusses how hedge funds can help to close the ‘pensions gap’
User Contributed News – Speaking at the reception were the Labour MP Dame Anne Begg, Chair of the Commons Work and Pensions Select Committee; the Labour MP Chris Evans, Parliamentary Private Secretary to Chris Leslie MP, Shadow Chief Secretary to […]
Conneticut Hedge Fund Adviser Sentenced To 13 Years Behind Bars
New York (HedgeCp.Net) – Venezuelan-American Francisco “Pancho” Illarramendi has been sentenced in Bridgeport, Conneticut to 156 months of imprisonment, followed by three years of supervised release, ABC reports. Illarramendi was convicted of orchestrating a Ponzi scheme that defrauded investors and […]
RadioShack, Hedge Fund Hashing Out Auction Process
WSJ – Hedge fund Standard General LP is in talks to serve as the lead bidder at a bankruptcy auction for struggling consumer-electronics retailer RadioShack Corp. , according to people familiar with the matter. RadioShack, which is running out of […]
Secret hedge fund shorts revealed
CNBC – Six hedge fund managers gave their best investment ideas at an exclusive—and private—conference, including new bets against companies. The investors were part of a session to present one long and one short idea each at Morgan Stanley’s “Breakers” […]
Hedge Fund Brevan Howard’s Fortunes Blighted by Billions in Outflows and Management Row
WSJ – For more than a decade, Brevan Howard traced a smooth upward path to become one of the most powerful hedge funds in Europe. In recent months, its fortunes have waned. Its commodities fund was closed following a run […]
Hedge-fund industry counters critics with data on performance gains
Seattle Times – Hedge funds have made about $1.5 trillion for investors after management fees in the past 10 years, according to an industry lobby group seeking to counter criticism over performance and costs. Those cumulative gains came “despite the […]
Hedge fund manager Crispin Odey sets off equity timebomb warning of recession where ‘markets will get devastated’
This Is Money – Savers received a shock warning this week: Armageddon is coming so get out of the stock market while you can. Crispin Odey, the hedge fund manager who forecast the credit crunch, warned that the world’s biggest […]
BNY Mellon and Deutsche Asset & Wealth Management Tie Up Outsourcing Deal
New York (HedgeCo.Net) – BNY Mellon has signed an agreement with Deutsche Asset & Wealth Management (Deutsche AWM) to provide real estate and infrastructure fund administration services, representing roughly $46.3 billion in assets under administration. Last July, BNY Mellon and Deutsche […]
$12 Million Fraud: Over 5 Years In Jail For Hedge Fund Manager
New York (HedgeCo.Net) – A NY hedge fund manager was sentenced to 5 and a half years in prison for defrauding investors in a $12 million scheme, Reuters reports this morning. Lloyd Barringer pled guilty in July 2013 to four counts of […]
Markowitz attacks hedge fund diversification claims
Risk.net – Nobel prize winner Harry Markowitz says alternative investments may not deliver the diversification benefits sought by investors. Harry Markowitz, one of the pioneers of modern portfolio theory and 1990 Nobel prize winner, has claimed alternative investments such as […]