Monthly Archives: February 2014
Hedge fund Kingdon Capital sees room for growth at Energy Transfer Equity
Reuters – Energy Transfer Equity LP is undervalued by 50 percent and could receive a shot in the arm from the company’s plan to issue this year a new master limited partnership security tied to its Lake Charles natural gas […]
‘Tiger cubs’ grow up: Two Greenwich hedgies top performance list
ctpost.com – Neighboring Greenwich hedge-fund firms made their clients more money in 2013 than any other such firm in the world. Stephen Mandel’s Lone Pine Capital and O. Andreas Halvorsen’s Viking Global Investors, which are headquartered just a stone’s throw […]
Lean times for investment banks put rates desks under fire
Reuters – Have the mega-buck years of bond and interest rate trading gone for good, or will normal service resume after an ugly 2013? That’s the question facing investment bank chiefs as they try to squeeze costs and improve returns. […]
Hedge Fund People: Alexander Jansson appointed CEO of CB Asset Management
New York (HedgeCo.Net) – Portfolio manager Alexander Jansson was appointed CEO of EU hedge fund CB Asset Management by the board of directors. Carl Bernadotte will continue as portfolio manager. “It feels good to hand over the reins internally to […]
Comcast announces $42bn takeover of Time Warner Cable
Guardian – US cable TV giant Comcast has agreed to buy rival Time Warner Cable in a $45.2bn (£25.5bn) deal that unites the country’s two biggest cable TV operators and will control more than a third of the market. Comcast, which owns the NBC […]
Daily Money Tip: Links between mutual, hedge funds
Philly.com – What is the main difference between a mutual fund and a hedge fund? These days, the goodies inside the portfolios are strikingly similar. The only difference might be the wrapping paper. For instance, which is riskier? A hedge […]
Wall Street’s grandfathers of commodities to survive Fed revamp better than others
Reuters – As the U.S. Federal Reserve considers new ways of reining in banks’ trading in what it sees as risky physical commodity markets, Wall Street’s two oldest and biggest players may ultimately gain in stature. Thanks to a longstanding […]
What does the hedge fund that really owns the Herald have in mind?
Monterey Weekly – It’s hard to know what Digital First Media’s end game is for the Monterey County Herald because the hedge fund-owned media behemoth is resolutely not talking about it. On Friday, Herald staff were told via email that Editor Royal Calkins was […]
Iceland PM dismisses new lawsuit, optimistic on creditor talks
Reuters – Creditors of the banks cut their losses in the years after the meltdown, selling assets to hedge funds. Since then there have been debt restructuring talks focused on the three banks. But the hedge funds and the government […]
Hedge Funds Up In January
New York (HedgeCo.Net) – Today SS&C GlobeOp announced that its Hedge Fund Performance Index for January measured 1.39% and its Capital Movement Index showed net flows advance 0.94% in February. “Net flows were positive for the month, with subscriptions outpacing […]
Permal Group Launches Alternative Multi-Manager Mutual Fund
New York (HedgeCo.Net) – Legg Mason affiliate Permal Group, has launched Permal Alternative Select Fund , its first open end alternative mutual fund. The multi-strategy fund, which offers investors daily liquidity, is sub-advised by a selection of leading hedge fund […]
SEC scores partial victory in case against hedge fund manager
Reuters – The U.S. Securities and Exchange Commission scored a partial victory on Tuesday after a jury found hedge fund manager Marlon Quan liable for helping to facilitate a $3.65 billion Ponzi scheme. But the Minneapolis jury produced a mixed […]