Monthly Archives: February 2013
Danish pension fund overhauls hedge unit
Financial Times – Just weeks after closing its internal hedge fund arm, ATP, Denmark’s largest pension fund, says it will now integrate its hedge fund investment platform – or what it calls its “alpha” strategies – into its main investment […]
Hedge Funds Cut ICE Brent Crude Net-Longs From Two-Year High
Bloomberg – Hedge funds and other money managers reduced bullish bets on Brent crude from their highest level in more than two years, the first cut in a month, according to data from ICE Futures Europe. Speculative bets that prices […]
Man Group Combines Hedge Fund Units, Names Ellis as President
Bloomberg – Man Group Plc, the biggest publicly traded hedge fund manager, combined two computer-driven hedge fund units and made management changes in recent weeks before Emmanuel Roman takes over as chief executive officer next week. Luke Ellis, who has […]
Pressure exposes hedge fund within Hess
Financial Times – A campaign to break up the Hess oil group has exposed for the first time one of the world’s least known – and until recently, most successful – energy trading outfits to outside scrutiny. Hetco, as the […]
Hedge Funds Move From GLD To Other ETFs and Safety Of Allocated Gold?
GoldSeek – Prominent hedge fund manager John Paulson continued to hold significant gold investments in the fourth quarter of 2012, even as other investors reduced their SPDR gold ETF (GLD) positions. Paulson & Co owned 21.8 million shares in the […]
Chase Coleman’s Tiger Global Management Generated $1 Billion From Its Facebook Trade
Forbes – In the last three or so years, Facebook has captured the attention of the investment world like few other companies. Even before its shares were publicly traded, investors like Goldman Sachs maneuvered to buy the stock of the social networking […]
Hedge funds sold bonds ahead of market rotation, TICS data suggest
MarketWatch – Foreigners bought a net $29.9 billion of Treasurys in December, the strongest gain in four months, according to a report released by the Treasury Department on Friday. Foreigners also purchased $18.1 billion of mortgage-backed securities, likely due to concerns […]
Hedge funds sold bonds ahead of market rotation, TICS data suggest
aiCIO – Foreigners bought a net $29.9 billion of Treasurys in December, the strongest gain in four months, according to a report released by the Treasury Department on Friday. Foreigners also purchased $18.1 billion of mortgage-backed securities, likely due to […]
Apple stock drop blamed on huge hedge funds
CNET – Hedge funds that drove up the price of Apple’s stock were also responsible for driving it down, Reuters reported yesterday. After reaching a high of $705 in September, shares of Apple started getting battered in the fourth quarter. Read […]
Keith Gertsen Joins Citi Private Bank to Focus on the East Coast Hedge Fund Community
New York (HedgeCo.Net) – Keith Gertsen has joined Citi Private Bank as a Managing Director and the Team Leader in Greenwich, Connecticut. Gertsen with have responsibility for new client acquisition, managing key client relationships, and shaping a hedge fund and […]
Average hedge fund fee significantly lower than reported
User Contributed News – Hedge fund industry assets are up slightly from their peak in the 3rd quarter of 2008; however the average fee paid on industry assets has declined much more than reported in industry surveys. These surveys typically show that […]
Hedge Fund People Moves: Throgmorton Hires ex-Morgan Stanley COO/CFO Specialist
New York (HedgeCo.Net) – UK industry specialist Throgmorton has added Carolyn Twist to their team, a former Executive Director and European Controller at Morgan Stanley, she has been brought on board to bolster the company’s outsourced COO/CFO service. Carolyn’s appointment […]