Monthly Archives: February 2013
Hedge Fund Launch: Counterweight Short Credit Fund
New York (HedgeCo.Net) – The Counterweight Short Credit Fund, Ltd. SPC (“Counterweight”) launched on February 1, 2013. The Fund is managed by Troob Capital Management LLC, a firm that previously operated a net short biased High Yield credit fund from […]
Maples Fiduciary Services Expands Investment Funds Team
Following continued growth, Maples Fiduciary Services, a leading global fiduciary services provider, has expanded its Investment Funds Team in the Cayman Islands with the addition of Abali Hoilett as Senior Vice President and Fund Director. Abali has extensive experience in […]
Hedge Funds Post Gains as Equity Markets Rally
Hennessee Group LLC, a hedge fund research firm and adviser to hedge fund investors, announced today that the Hennessee Hedge Fund Index advanced +2.69% in January, whilethe S&P 500 advanced +5.04%, the Dow Jones Industrial Average increased +5.77%, and the […]
As U.S. gasoline prices soar, hedge fund oil bets near record
Reuters – U.S. motorists searching for someone to blame for the highest gasoline prices ever at this time of year have an easy target: hedge funds who have been quietly amassing winning bets on hundreds of millions of barrels of […]
Barclays halts agriculture trading with hedge funds
Reuters – Barclays is halting agricultural trading with hedge funds in a move to burnish its reputation amid a major overhaul, but will still market index-linked investment products in the sector. The British bank (is among several financial institutions to […]
Hedge Funds May Skirt Trade Rules With Banks’ Aid, Gensler Says
BusinessWeek – Banks may be helping hedge funds avoid rules meant to reduce market risks by routing trades through overseas offices, the top U.S. derivatives regulator said in testimony prepared for a hearing on the Dodd-Frank Act. Overseas affiliates of […]
Soros, other hedge funds score billions betting on falling yen
MarketWatch – George Soros became famous as the man who “broke the Bank of England” in 1992. In 2012 – and 2013 – Soros and other hedge fund magnates are scoring massive profits by effectively betting on the Bank of […]
Investors pull $1 billion from hedge fund giant Winton
Reuters – Winton Capital, one of the world’s most successful hedge fund firms, has seen clients pull $1 billion of cash out of its portfolios amid falling returns from computer-driven fund managers. The firm set up by Cambridge physicist David […]
Blackstone Alternative to invest in hedge fund managers
P&I – Blackstone Alternative Asset Management, like Goldman Sachs and Neuberger Berman Group, soon will buy minority stakes in hedge fund managers. Anthony Maniscalco joined the BAAM investment team as managing director to assist in building out the hedge fund stake-taking program, according […]
SunTrust sues to stop hedge fund’s $13 million FINRA arbitration
Reuters – SunTrust Banks Inc sued a Connecticut-based hedge fund on Wednesday to block arbitration of a $13 million dispute over mortgage-backed securities. The lawsuit, filed in U.S. district court in Manhattan, is the latest one brought by a bank […]
Outgoing commissioner Sommers criticises CFTC approach to Dodd-Frank
Hedge Funds Review – After resigning her post as CFTC commissioner at the start of 2013, Jill Sommers has spoken out about the way the regulator forced compliance with Dodd-Frank when market participants were not ready. The US Commodity Futures Trading […]
Barclays halts agriculture trading with hedge funds
Reuters – Barclays is halting agricultural trading with hedge funds in a move to burnish its reputation amid a major overhaul, but will still market index-linked investment products in the sector. The British bank is among several financial institutions to […]