Monthly Archives: February 2015
Hedge-fund industry counters critics with data on performance gains
Seattle Times – Hedge funds have made about $1.5 trillion for investors after management fees in the past 10 years, according to an industry lobby group seeking to counter criticism over performance and costs. Those cumulative gains came “despite the […]
Hedge fund manager Crispin Odey sets off equity timebomb warning of recession where ‘markets will get devastated’
This Is Money – Savers received a shock warning this week: Armageddon is coming so get out of the stock market while you can. Crispin Odey, the hedge fund manager who forecast the credit crunch, warned that the world’s biggest […]
BNY Mellon and Deutsche Asset & Wealth Management Tie Up Outsourcing Deal
New York (HedgeCo.Net) – BNY Mellon has signed an agreement with Deutsche Asset & Wealth Management (Deutsche AWM) to provide real estate and infrastructure fund administration services, representing roughly $46.3 billion in assets under administration. Last July, BNY Mellon and Deutsche […]
$12 Million Fraud: Over 5 Years In Jail For Hedge Fund Manager
New York (HedgeCo.Net) – A NY hedge fund manager was sentenced to 5 and a half years in prison for defrauding investors in a $12 million scheme, Reuters reports this morning. Lloyd Barringer pled guilty in July 2013 to four counts of […]
Markowitz attacks hedge fund diversification claims
Risk.net – Nobel prize winner Harry Markowitz says alternative investments may not deliver the diversification benefits sought by investors. Harry Markowitz, one of the pioneers of modern portfolio theory and 1990 Nobel prize winner, has claimed alternative investments such as […]
Hedge Fund Wants Nintendo to Make Mobile Games
WSJ – A Hong Kong hedge fund manager called on Nintendo Co. on Wednesday to begin developing and selling mobile games, a sign of growing dissent among shareholders of the world’s largest videogame company. In a letter seen by The […]
This $73 Billion Hedge Fund Is Buying Memory, Drugstores, and Telecom
The Motley Fool – The latest 13F season is commencing, when many money managers issue mandatory reports on their holdings. It can be worthwhile to pay attention, as you might get an investment idea or two by seeing what some […]
Paul Ferrarese to Head Business Development at Whitehaven Asset Management
WSJ – The head of municipal-bond institutional sales at Goldman Sachs & Co. is joining a new hedge fund manager, seeking to take advantage of opportunities in a market that has been rattled by Detroit’s record-setting bankruptcy and fiscal problems […]
Hedge fund manager Loeb launches proxy battle at Sotheby’s
Reuters – Billionaire hedge fund manager Daniel Loeb is mounting a proxy fight at Sotheby’s with the goal of winning three board seats after the auction house’s promise to return $450 million to shareholders failed to appease activist investors. Loeb’s […]
SEC Announces Charges Against Arizona-Based Private Equity Fund Manager in Expense Misallocation Scheme
The Securities and Exchange Commission today announced charges against an Arizona-based private equity fund manager and his investment advisory firm for orchestrating a scheme to misallocate their expenses to the funds they manage. The SEC Enforcement Division alleges that Scott […]
Top Hedge Fund Third Party Marketers Are More Important Than Ever to Investors
Average hedge fund performance has been mediocre at best over the past five years, which is not surprising because most of the asset flows have been concentrated in a small percentage of firms with the largest assets under management. Many […]