Monthly Archives: February 2014

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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. […]

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 […]

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 […]