Monthly Archives: February 2014
Two Hong Kong-Based Firms to Pay $11 Million for Insider Trading
New York (HedgeCo.Net) – The Securities and Exchange Commission today announced that two Hong Kong-based asset management firms whose accounts were frozen in a major insider trading case have agreed to pay nearly $11 million to settle the charges against […]
European fund managers form $3 billion hedge fund venture
Reuters – Paris-based investment firm La Francaise and Anglo-Italian hedge fund manager TAGES Capital are combining assets to form a European fund of hedge funds joint venture. Under the terms of the agreement, La Francaise is taking a 40 percent […]
Porsche Hedge Funds Suit Has High Risk of Loss, Judge Says
Bloomberg – Porsche Automobil Holding SE, facing lawsuits seeking a combined 5 billion euros ($6.8 billion) over its aborted takeover of Volkswagen AG, may win dismissal of one of the cases in Germany. Arguments by the plaintiffs, 23 hedge funds including […]
Experts set to draft rules for hedge funds
BDLive – protracted process of drawing up regulations for the entire hedge fund industry, which commenced in 2012 on the recommendation of the Group of 20 following the 2008 financial global financial crisis, is drawing to a close, with the […]
Mandel Tops Best-Earning Hedge Funds for Clients in 2013
Bloomberg – Stephen Mandel of Lone Pine Capital LLC made hedge-fund investors the most money for the second straight year in 2013. O. Andreas Halvorsen, who runs Viking Global Investors LP, and Appaloosa Management LP’s David Tepper ranked second and […]
Former Goldman Sachs Partner Said to Plan Macro Hedge Fund
Bloomberg – Leland Lim, who retired as co-head of Goldman Sachs Group Inc. (GS)’s macro trading team in the Asia-Pacific region outside of Japan, plans to start his own Hong Kong-based hedge fund, said two people with knowledge of the matter. The […]
Mandel Tops Best-Earning Hedge Funds for Clients in 2013
Business Week – Stephen Mandel of Lone Pine Capital LLC made hedge-fund investors the most money for the second straight year in 2013. O. Andreas Halvorsen, who runs Viking Global Investors LP, and Appaloosa Management LP’s David Tepper ranked second and […]
Rengan Rajaratnam Wants Dismissal Of Hedge Fund Fraud Charges
New York (HedgeCo.Net) – The District Court in New York has filed a motion to dismiss insider trading charges against Rengan Rajaratnam, the younger brother of the now imprisoned hedge fund billionaire Raj Rajaratnam The New Yorker was charged with conspiracy to […]
Hedge funds boost diesel bets with supply at decade low
FuelFix – Hedge funds are the most bullish on diesel in almost five months as the coldest January in 20 years boosted demand and cut U.S. supply to the lowest in a decade. Money managers increased net-long positions, or wagers […]
Brazil heat fears turn hedge funds positive on ags
AgriMoney – The hot and dry weather in Brazil, concerns over which fuelled the biggest bullish turn by hedge funds on agricultural commodities in 18 months, may be poised to end, although not before delivering further elevated temperatures. Centre-east Brazil, […]
Hedge Funds Clash Over Argentina Debt
WSJ – As Argentina struggles to stave off a second debt default in 13 years, two U.S. hedge funds are playing central but opposing roles in the country’s efforts to untangle itself from the previous crisis. The two firms, Gramercy […]
New trial begins in hedge funds vs. Porsche SE legal battle over ‘short squeeze’ losses
DW – The state court began hearing evidence on Monday in a case brought by 24 international hedge funds, led by New York-based Glenhill Capital, against Porsche SE. According to the court, the funds were seeking damages to tune of […]