Monthly Archives: February 2014
Wall Street’s grandfathers of commodities to survive Fed revamp better than others
Reuters – As the U.S. Federal Reserve considers new ways of reining in banks’ trading in what it sees as risky physical commodity markets, Wall Street’s two oldest and biggest players may ultimately gain in stature. Thanks to a longstanding […]
What does the hedge fund that really owns the Herald have in mind?
Monterey Weekly – It’s hard to know what Digital First Media’s end game is for the Monterey County Herald because the hedge fund-owned media behemoth is resolutely not talking about it. On Friday, Herald staff were told via email that Editor Royal Calkins was […]
Iceland PM dismisses new lawsuit, optimistic on creditor talks
Reuters – Creditors of the banks cut their losses in the years after the meltdown, selling assets to hedge funds. Since then there have been debt restructuring talks focused on the three banks. But the hedge funds and the government […]
Hedge Funds Up In January
New York (HedgeCo.Net) – Today SS&C GlobeOp announced that its Hedge Fund Performance Index for January measured 1.39% and its Capital Movement Index showed net flows advance 0.94% in February. “Net flows were positive for the month, with subscriptions outpacing […]
Permal Group Launches Alternative Multi-Manager Mutual Fund
New York (HedgeCo.Net) – Legg Mason affiliate Permal Group, has launched Permal Alternative Select Fund , its first open end alternative mutual fund. The multi-strategy fund, which offers investors daily liquidity, is sub-advised by a selection of leading hedge fund […]
SEC scores partial victory in case against hedge fund manager
Reuters – The U.S. Securities and Exchange Commission scored a partial victory on Tuesday after a jury found hedge fund manager Marlon Quan liable for helping to facilitate a $3.65 billion Ponzi scheme. But the Minneapolis jury produced a mixed […]
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 […]