Monthly Archives: February 2014
US Hedge Fund Takes Over Care Home Group NCC
Sky – A Wall Street investment firm has emerged as the biggest shareholder in a leading UK care homes operator following a financial restructuring involving the taxpayer-backed Lloyds Banking Group. Sky News understands that Anchorage Capital Group has taken a […]
Hedge Fund Net Inflows May Triple This Year, Deutsche Bank Says
Bloomberg – Investors may almost triple the amount of capital they put into hedge funds this year, boosting industry assets to a record, an annual survey by Deutsche Bank AG (DBK) showed. Hedge funds may attract $171 billion of net inflows and […]
Fund Of Hedge Funds ALTIN’s Share Price Went Up +24.65% In 2013
New York (HedgeCo.Net) – $230 million fund of hedge funds ALTIN saw its share price perform well last year, thanks to investment performance and the effect of certain discount reduction measures that took place in 2013. In 2013 ALTIN more […]
Hedge Fund People: Decosimo Adds To Its Investment Entities Practice
New York (HedgeCo.Net) – Hedge fund advisory firm Decosimo, has added Victor DeMaise and Joshua Moore as tax managers in the firm’s investment entities practice. DeMaise and Moore join Decosimo’s niche services team which serves a client base of investment […]
Argentina vs hedge funds: second chapter of appeal before the US Supreme Court
MercoPress – The hedge funds demand the payment of Argentine debt in full, capital and interests, and Paul Singer, owner of the Elliot fund even asked for an embargo on all Argentine deposits in the US. The US Supreme Court […]
Highest Paid Guru David Tepper Reports Appaloosa Management’s Top Five Fourth Quarter Stocks
NASDAQ – Appaloosa founder and renowned hedge fund manager David Tepper is widely regarded for his excellent returns as well as his near perfect timing on his purchases. The guru made his much of his wealth by foreseeing and accurately […]
Hedge Funds Raise Gold Bull Bets as Paulson Holds: Commodities
Bloomberg – Hedge funds raised bullish gold wagers to a three-month high as signs of slowing U.S. economic growth spurred demand for haven assets. Billionaire John Paulson maintained his bullion holdings last quarter. The net-long position climbed 17 percent to […]
Hedge fund chiefs donate £1.3m to Tory party in just 12 weeks
Independent – Hedge fund chiefs have donated £1.32m to the Conservative Party in the space of only three months, official figures revealed yesterday. The money from 18 individuals and companies made up around a quarter of the total amount given […]
AIG Has $832 Million Cost on Death Bets as Hedge Funds Gain
Bloomberg – American International Group Inc. (AIG) suffered another year of impairments in its portfolio of death-benefit bets as insured people lived longer than the company expected. AIG recorded an $832 million impairment on its life-settlement holdings in the fourth […]
Varus Hedge Fund is estimated up +6.3% gross YTD 2014
New York (HedgeCo.Net) – Another strong positive month for the Varus Fund. Investment Week: plus 304bps MTD/ plus 630 bps YTD. CEO Stefan Heieck said in a letter to investors today: “January European long/short hedge fund performance is directly linked […]
New CIO seeking overhaul in San Francisco
P&I – San Francisco City & County Employees’ Retirement System’s new chief investment officer wants to overhaul the system’s portfolio, hiring equity managers that short the market or run specialized portfolios and diverting some fixed-income assets into hedge funds. William […]
General Growth returns not enough for Ackman’s requirements
Bloomberg — Bill Ackman, the activist hedge-fund manager, said he sold his firm’s General Growth Properties Inc. shares because the expected returns on the investment after management fees wouldn’t be high enough for his investors. “There’s still meaningful upside in […]