Monthly Archives: February 2013
Ex-gov, hedge fund target Mont. mining company
Business Week – BILLINGS, Mont. (AP) — Montana’s bolo tie-wearing former governor teamed up Monday with an unlikely ally — a New York hedge fund — to launch a fight for control of a precious metals mining company that sunk […]
Emerging market hedge funds boom with billions more assets
CityAM – EMERGING market (EM) hedge funds boomed in the fourth quarter of last year, led by a surge in macro strategies and India-focused hedge funds, according to new figures. EM hedge funds across the world reached 1,100 by the […]
Investors See Hedge Fund Growth, Settle For Lower Returns
Finalternatives – Alternative investment assets will return to their all-time high this year, according to an investor survey. The 11th Deutsche Bank Alternative Investor Survey shows that those investors expect industry assets to take in $123 billion in new capital […]
‘Captain Magic’ conjures up hedge launch
Financial Times – The glory days of the hedge fund launch may not be entirely over. Raffaele Costa, a flamboyant former GLG partner and self-styled “Captain Magic”, will this week unveil the first fund at his new firm Tyndaris, in […]
Argentina and ‘holdout hedge funds’ prepare for the final clash this week
Merco Press – Argentina risks defaulting again, this time on 24 billion in restructured debt if it sticks to a vow never to comply with orders to pay so-called “holdouts” but still tries to pay the vast majority of investors […]
New Hedge Fund Deposits to Triple, Deutsche Bank Says
Bloomberg – New allocations to hedge funds may more than triple this year, pushing the global industry’s assets to a new high, according to an annual survey by Deutsche Bank AG. (DBK) Hedge fund assets worldwide may increase 11 percent to […]
Final FATCA Regulations Have Been Issued
The Foreign Account Tax Compliance Act (FATCA) provisions were introduced in response to instances where foreign assets of U.S. taxpayers were discovered to have been hidden in offshore accounts and held through foreign entities. This resulted in a substantial amount of […]
Life insurers fight hedge fund legislation
LH – Life insurers are beating back legislative attempts in various states by hedge funds who invest in the life settlement industry and settlement providers to keep premiums on resold life insurance policies once they have been deemed to have […]
Argentina, hedge funds set for U.S. appeals court battle
Reuters – A long-awaited showdown in a U.S. appeals court next week pits Argentinaagainst a group of investors who refused to swap their debt after the country’s historic 2002 default. Argentina risks defaulting again, this time on $24 billion in restructured debt if […]
Brevan Howard Alumnus Edwards to Start Asia Stock Hedge Fund
Bloomberg – Tristan Edwards, a former trader at Brevan Howard Asset Management LLP, has raised seed investment for a hedge fund in Singapore that will invest in Asian stocks based on a short-term trading strategy. Mosaic Asset Management Pte will start running […]
HSBC shuts Duggal’s India hedge fund after outflows
Reuters – HSBC’s asset management arm is to shut down an India-focused hedge fund run by high-profile manager Sanjiv Duggal, in spite of strong returns last year, after cash withdrawals from investors. A spokesman for HSBC Global Asset Management told Reuters […]
Hedge Fund Giant John Paulson Reduces Financials, Puts Money in Other Sectors
Forbes – John Paulson’s investing philosophy is based on making sector bets according to his interpretation of the macroeconomic picture. The strategy paid off well when he made $3.7 billion in 2007 shorting the subprime mortgage market and another $5 […]