Monthly Archives: February 2013
Opus Fund Services Opens New York Office
New York (HedgeCo.Net) – Award-winning hedge fund administrator Opus Fund Services, is expanding with the opening of its New York office. The Park Avenue location will initially focus on business development and will be headed by the new Director of Sales and […]
Blackstone Said to Add Executive in Push for Fund Stakes
BusinessWeek – Blackstone Group LP hired Anthony Maniscalco to help run a new business that will buy stakes in hedge-fund managers, said three people familiar with the plans, as the firm tackles an investing area where institutions such as Goldman […]
Andurand Hedge Fund Takes On Olympic Gold Medalist as Analyst
Bloomberg – Andurand Capital Management LLP took on as an intern Clement Lefert, winner of a swimming gold medal at the London 2012 Olympics, as the oil and commodities hedge fund expands its team after it began trading Feb. 1. […]
Billion Dollar Hedge Fund Mgr Goes After Putin And Russia, This Time In Europe
Forbes – Bill Browder, the founder of Hermitage Capital Management in London, is doing his best to embarrass Russian leader Vladimir Putin and the Russian government once again. After successfully and single-handedly lobbying for the passing of the Magnitsky Act in the U.S. Senate in […]
Hedge fund steps up Wausau Paper takeover attempt
Gannett – A Manhattan-based hedge fund this week continued its push to take over Wausau Paper with three new nominations for the paper company’s board of directors. Starboard Value LLC, which owns nearly 15 percent of outstanding Wausau Paper stock, […]
German Banks Will Consider Hedge Fund Exit, Fitch Says
Bloomberg – German banks may exit proprietary trading and hedge-fund businesses rather than set up separate units under a government plan to strengthen the finance industry, according to Fitch Ratings Ltd. The banks could opt to stop “restricted activities rather […]
Hedge-fund long positions in S&P 500 on rise
MarketWatch – Hedge-fund long positions in the S&P 500 Index rose in the past week, once again crowding long positions for speculators, according to a Bank of America Merrill Lynch note Monday. Large speculators bought $11.5 billion in S&P 500 futures […]
Inflection Strategic Opportunities Fund Posts 18.42% Net Return For 2012, Outperforms Benchmark Indices
Inflection Management Inc. today announced that the Inflection Strategic Opportunities Fund (“Inflection” or the “Fund”) delivered a net return of 1.58% in December 2012 and 18.42% for 2012, outperforming the Fund’s benchmark indices for both periods. “December capped a very […]
Hedge Funds’ Fourth Bullish Week Boosts Copper Bets
Business Week – Hedge funds increased bullish commodity bets for the fourth straight week and became the most bullish on copper since December on signs of faster growth in the U.S. and China. Speculators boosted net-long positions across 18 U.S. […]
HF Investors and Managers Differ On Impact of New Regulations
All About Alpha – Hedge fund managers are a good deal more apprehensive about the consequences of newly imposed regulations in the U.S. and Europe than are their investors, according to a survey newly released by Preqin and discussed in […]