Monthly Archives: February 2014
Hedge Fund Wants Nintendo to Make Mobile Games
WSJ – A Hong Kong hedge fund manager called on Nintendo Co. on Wednesday to begin developing and selling mobile games, a sign of growing dissent among shareholders of the world’s largest videogame company. In a letter seen by The […]
This $73 Billion Hedge Fund Is Buying Memory, Drugstores, and Telecom
The Motley Fool – The latest 13F season is commencing, when many money managers issue mandatory reports on their holdings. It can be worthwhile to pay attention, as you might get an investment idea or two by seeing what some […]
Paul Ferrarese to Head Business Development at Whitehaven Asset Management
WSJ – The head of municipal-bond institutional sales at Goldman Sachs & Co. is joining a new hedge fund manager, seeking to take advantage of opportunities in a market that has been rattled by Detroit’s record-setting bankruptcy and fiscal problems […]
Hedge fund manager Loeb launches proxy battle at Sotheby’s
Reuters – Billionaire hedge fund manager Daniel Loeb is mounting a proxy fight at Sotheby’s with the goal of winning three board seats after the auction house’s promise to return $450 million to shareholders failed to appease activist investors. Loeb’s […]
SEC Announces Charges Against Arizona-Based Private Equity Fund Manager in Expense Misallocation Scheme
The Securities and Exchange Commission today announced charges against an Arizona-based private equity fund manager and his investment advisory firm for orchestrating a scheme to misallocate their expenses to the funds they manage. The SEC Enforcement Division alleges that Scott […]
Top Hedge Fund Third Party Marketers Are More Important Than Ever to Investors
Average hedge fund performance has been mediocre at best over the past five years, which is not surprising because most of the asset flows have been concentrated in a small percentage of firms with the largest assets under management. Many […]
PEGCC Statement on Chairman Camp’s Tax Proposal
Steve Judge, President and CEO of the Private Equity Growth Capital Council, made the following statement in response to House Ways and Means Committee Chairman Dave Camp’s (R-MI) tax reform discussion draft, as referenced in his Wall Street Journal op-ed this morning: […]
Connecticut Lender Faces Civil Money Penalty for Violating RESPA
LoanSafe – On Monday, the Consumer Financial Protection Bureau ordered a Connecticut mortgage lender, 1st Alliance Lending, LLC (First Alliance), to pay an $83,000 civil money penalty for violating federal law by illegally splitting real estate settlement fees. First Alliance self-reported these […]
A Former Hedge Fund Manager Is Selling His Florida Beach House For $US13 Million
Business Insider – Alberto Franco, emerging market expert and former hedge fund manager at Quantek Frontier, is selling his modern South Florida beach front home, the Wall Street Journal reports. According to the listing, the 8,960 square foot residence offers an […]
Hedge Fund Founder Speaks At Harvard Business School
New York (HedgeCo.net) – George Schultze, Founder and Managing Member of hedge fund Schultze Asset Management, LLC., was a lead speaker in Harvard Business School’s Creating Value Through Corporate Restructuring course taught by Professor Stuart Gilson yesterday. During the three […]
Six Hedge Fund Players Top $1 Billion Payday
New York (HedgeCo.Net) – Forbes put out a list of hedge fund executives with the most pay in 2013. The 25 highest-earning hedge fund managers and traders made $24.3 billion in 2013. George Soros had the highest pay, $4 billion. […]
Hedge Funds Faith in BOJ Easing Fades as Yen Shorts Cut
Bloomberg – Hedge funds are losing confidence in Bank of Japan Governor Haruhiko Kuroda’s ability to keep depreciating the yen to boost growth and banish deflation as they wait for a second round of monetary easing to materialize. Speculators and other leveraged […]