Monthly Archives: February 2014
Eurekahedge and ILS Advisers Launch Cat Bond Hedged Index
New York (HedgeCo.Net) – Eurekahedge has launched a new hedge fund index focusing on insurance linked securities (ILS), in partnership with ILS Advisers. Insurance linked securities (ILS) also known as catastrophe or cat bonds are a transfer of insurance risk to the […]
Hedge fund chief gives Harvard $150M for undergrad scholarships, aid
CNN – It’s the largest gift in the nearly 400-year history of Harvard College, a nine-figure sum aimed at giving hundreds of students who win admission “against long odds” the means to attend. The $150 million donation from hedge-fund chieftain […]
Whitman Capital founder loses appeal on insider trading conviction
Reuters – California hedge fund manager Doug Whitman, the first defendant in the broad U.S. crackdown on insider trading to take the stand in his own defense, on Wednesday [Feb. 19] failed to persuade a federal appeals court to overturn his […]
UCITS HFS Index starts negatively into the year, down -0.15% in January 2014
The UCITS HFS Index ends its run of four consecutive positive monthly results and starts into the new year with a loss of -0.15% in January 2014. The broad index started positively into the month and reported gains of 0.26% […]
Hedge fund claims loss of investors’ confidence in Wausau Paper board
Journal Sentinel – The largest shareholder of Wausau Paper Corp., a hedge fund that already has compelled the 115-year-old paper maker to close and sell its Wisconsin operations, increased pressure this week by claiming that other shareholders have lost patience […]
Analyst Charged With Stealing Quant Trading Models From Major Hedge Fund
Forbes – Manhattan District Attorney Cyrus Vance Jr., has accused a former hedge fund analyst of stealing documents that detailed the methods and application of two trading models from a major New York hedge fund firm that specializes in quantitative […]
Former Ziff Brothers Asia Head Said to Plan Own Hedge Fund
Bloomberg – Gregard Heje, former Asia head of Ziff Brothers Investments LLC, plans to start his own Hong Kong-based hedge fund that bets on stocks as early as the second quarter, said two people with knowledge of the matter. The family office […]
Hedge Fund Goes After Anonymous Blogger For Spilling Trade Secrets
New York (HedgeCo.Net) – David Einhorn, the founder of hedge fund Greenlight Capital is going after anonymous blogger “Valuable Insights” who posts on the financial website ValueWalk. Einhorn filed a lawsuit seeking to identify the financial blogger in order to sue […]
California Hedge Fund Universa Investments Moves To Miami
New York (HedgeCo.Net) – Equity tail hedging fund Universa Investments is moving its headquarters from Santa Monica, Calif. to Coconut Grove, Fla. on March 1. The move makes it the first high-profile firm to move to Miami since Miami’s Downtown Development Authority […]
Blackstone Buys Minority Stake in Senator Hedge-Fund Firm
Bloomberg – The firm, already the largest allocator in hedge funds, is setting its sights on buying stakes in the money managers. Senator Investment Group LP, a $6.7 billion firm, told clients yesterday that Blackstone bought a minority piece of […]
Hedge fund assets seen reaching $3 trillion this year -survey
Reuters – Hedge fund industry assets are expected to reach a record $3 trillion by year’s end as investors plan to add fresh money, saying they were generally happy with last year’s returns and don’t expect bigger gains this year, […]
Puerto Rico looks to be yielding to hedge-fund pressure
NYP – o Rico looks ready to cave to hedge-fund demands that it waive sovereign immunity to get a new $3.5 billion financing done, officials indicated in a webcast Tuesday. The deal will allow Puerto Rico to stave off default […]