Monthly Archives: February 2014
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 […]
Why are bankers suddenly dying under suspicious circumstances?
IntelliHub – This week 50-year-old Mike Dueker, the chief economist of a US investment bank was found dead close to the Tacoma Narrows Bridge in Washington State. Dueker is the fourth banker to be reported dead this week under suspicious circumstances, with all four […]
Wall Street Gives Back – BTIG Upcoming Event
BTIG LLC, a global financial services firm specializing in institutional trading and related brokerage services, will host its 12th Commissions for Charity Day on Tuesday, May 13, 2014. The annual BTIG Commissions for Charity Day is a celebrity-filled event. During the […]
U.S. regulators coordinating Volcker implementation: SEC chair
Reuters – U.S. financial regulators have formed a working group to coordinate implementation of the Volcker rule, which bans banks from proprietary trading, top regulatory officials plan to tell lawmakers on Wednesday [Feb. 5]. The group has already met to […]
Top hedge fund bets on Danish debt crisis
Independent – Owl Creek Asset Management, one of last year’s best-performing hedge-fund firms, is betting against Denmark’s sovereign bonds in anticipation of a debt crisis, sources told Bloomberg. Danes owe their creditors 321pc of disposable incomes, a world record that […]
US Hedge Fund Hayman Capital Bets on Argentine Bonds Despite Default Risk
International Business Times – Hedge fund manager Kyle Bass believes investors can still profit by lending to Argentina, Latin America’s third-largest economy. Bass does not think Argentina’s $475bn (£291bn, €351bn) economy will burden creditors with losses an eighth time. Read Complete […]
Ackman’s hedge fund beats slumping S&P, peers in January
NYP – Bill Ackman’s Pershing Square has climbed into the top ranks of hedge funds in January with a 4 percent gain, according to investor reports. Pershing Square’s $12 billion firm outdid the S&P 500, which had a glum month, […]