Monthly Archives: February 2014
Why is Ralph Nader cozying up to a bunch of hedge funds?
Washington Post – It’s not often in Washington that you see wealthy, conservative investor types and their lawyers sitting down with professional affordable housing advocates. But on Wednesday morning, anti-corporate crusader Ralph Nader — now stooped and gray, nearing his 80th […]
UK hedge fund Capri Capital plans to launch realty PE fund in India
Economic Times – US-based hedge fund Capri Capital Partners plans to launch its first India-dedicated real estate private equity fund to raise about $400 million, two people familiar with the development said. Capri Capital, which advises pension funds and institutional […]
Hedge funds raise stakes in Williams Cos., push for changes
Tulsa World – Two New York-based hedge funds are raising their stakes in Williams Cos. Inc. and pushing for changes to improve the company’s value, according to media reports Wednesday. Leadership at Corvex Management LP and Soroban Capital Partners LLC […]
Hedge Funds Preparing for $1 Trillion Property Bill: Mortgages
Bloomberg – Hedge funds are zeroing in on America’s malls and hotels. Axonic Capital LLC, LibreMax Capital LLC and Saba Capital Management LP are among firms positioning to provide loans as more than $1 trillion in commercial real-estate debt originated […]
Hedge Fund Trends: Mobile Commerce Retailing
New York (Hedgeco.Net) – Michael Zimmerman’s hedge fund Prentice Capital says that according to new December 2013 data, one-third of online shoppers now only use their mobile devices when shopping. Zimmerman, who has long held the view that retailers need […]
Warren Buffett’s $1 Million Hedge Fund Bet
New York (HedgeCo.Net) – Billionaire philanthropist Warren Buffett made a decade long bet with hedge fund manager Protégé Partners that funds that invest in hedge funds couldn’t beat the stock market , profit wise. The prize, Berkshire Hathaway stock worth almost $1.3 million as of the end […]
Nomura hires ex-BAML sales chief after hedge fund stint
FN – The Japanese investment bank has hired Mike Ward as head of equity sales for Europe, the Middle East and Africa, based in London, according to a written statement from Nomura. His addition marks a second senior hire for […]
Hedge Funds Preparing for $1 Trillion Property Bill: Mortgages
Bloomberg – Axonic Capital LLC, LibreMax Capital LLC and Saba Capital Management LP are among firms positioning to provide loans as more than $1 trillion in commercial real-estate debt originated before the property crash comes due over the next three […]
Hedge Funds Rework Positions in Emerging-Market Drop: Currencies
Bloomberg – Traders who anticipated a year when riskier bets would pay off are overhauling their foreign- exchange positions after an emerging-markets rout led to the biggest currency-fund losses to start the year since 2004. Hedge funds and other large speculators […]
Apex hedge fund to CEO: Get off your yacht!
CNBC – The chief investment officer of $1.23 billion hedge fund firm Apex Capital wrote a scathing letter on Feb. 3 to the board of business intelligence software company MicroStrategy, calling for a new CEO and various corporate changes. But the […]
Arden offers second fund where Main Street can try hedge funds
Reuters – Arden Asset Management, which has been offering retail clients at Fidelity a way to sample hedge funds for more than a year, is branching out with a second mutual fund that will give other brokerage customers similar access […]
Hedge Funds Go After Bankers For “Aiding And Abetting” Petters’ Ponzi Scheme
New York (HedgeCo.Net) – A group of six hedge funds led by Ritchie Capital Management are suing J.P. Morgan, Bank of America, Wells Fargo, UBS, Merrill Lynch and 7 other entities. The hedge funds claim that the banks “aided and abetted Thomas […]