Monthly Archives: February 2013
How a Hedge Fund Can Use Insider Information Legally
CNBC – The government is convinced that money managers who consistently beat the market are probably using insider information to produce these abnormal returns. Unfortunately for prosecutors who want to shut this kind of thing down, one way this is […]
Hedge funds trade on ahead of Argentine debt showdown
(Reuters) – Hedge funds are actively trading in Argentina’s choppy markets ahead of its legal showdown with rebel sovereign bondholders later this month. Investors and creditors are waiting to see if a U.S. court upholds a ruling made on February […]
Kazakh Central Bank Seeks Private Equity and Hedge-Fund Managers
Bloomberg Businessweek – Kazakhstan’s central bank will select private equity fund-of-fund managers and fund-of-hedge-fund managers to place as much as $300 million as the Central Asian nation plans its first alternative investments. The tender requirements stipulate that potential private- equity […]
Commodity hedge funds lose 20% of assets
Financial Times – Commodities hedge funds surrendered at least 20 per cent of their assets last year after investors pulled out large sums following the sector’s worst annual performance in more than a decade, according to fund managers and investors. […]
Hedge Funds Have Bought Yelp, Charter And More
Seeking Alpha – Investors can stay on top of hedge fund activity partly by keeping track of 13D and 13G filings, which report significant percentage stakes in public companies. The nature of the filing requirements means that these filings are […]
Citigroup Names $6.8 Billion Fund-Unit Spinout Napier Park
Bloomberg – Citigroup Inc., the third-biggest U.S. bank, renamed an internal hedge-fund unit Napier Park Global Capital as it spins out the business with about $6.8 billion in holdings under management. Regulators have granted key approvals for the move, and […]
Hedge Fund Titan Einhorn Wants To Lead A Revolt Against Apple
Forbes – Greenlight Capital’s David Einhorn is urging Apple shareholders to vote down a change to the company’s charter that would allow it to stop issuing preferred stock. Investors would be able to repel the proposal at Apple’s shareholder meeting […]
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 […]
Hedge fund AUM hits $2.6 trillion in 2012
Hedge Funds Review – Hedge funds finished 2012 in positive territory, according to eVestment. Despite reports of investor dissatisfaction, performance contributed with $116.3 billion increasing overall AUM in 2012. Hedge fund assets increased almost 6% during 2012 to hit $2.6 […]
Is Apple’s Secret Hedge Fund Prepping For A Dividend Boost?
Jake Mann (Seeking Alpha) – The subject of Apple (AAPL)’s so-called “secret” hedge fund has gained quite a bit of steam in recent months. At Insider Monkey, we originally covered how Braeburn Capital, an asset manager in Nevada, was managing […]
I.A. Englander’s Prime Services Division Selects Spotlight Financial Marketing for PR and Marketing Communications
Spotlight Financial Marketing (Spotlight), a full-service marketing communications firm focused exclusively on the financial services and technology sector, today announced that Israel A. Englander & Co. LLC (IAE) Prime Services division has selected Spotlight to provide public relations and marketing […]
The World’s Hottest Hedge Fund, Tiger Global, Has Quietly Sold Its Gun Stock
Forbes – Tiger Global Management in past months discreetly sold a stake in the largest public U.S. gun company, as critics vilified the firearm industry following the Sandy Hook Elementary massacre. Tiger Global established a sizable position in Sturm, Ruger […]