Monthly Archives: February 2012
Hedge Fund Heating Oil Bets Surge on Deadly Cold: Energy Markets
San Francisco Chronicle – Hedge funds boosted bullish bets on heating oil to an 11-week high as frigid weather swept across central and eastern Europe, spurring demand for U.S. fuel while shutdowns of unprofitable refineries threatened supplies. Wagers that prices […]
Goldman Sachs Seeks Exemption for Bank Stakes in ‘Credit Funds’
Bloomberg – Goldman Sachs Group Inc. (GS), which says it owns the world’s largest family of so-called mezzanine loan funds, is asking regulators to loosen proposed limits on bank investments in such pools. Four Goldman Sachs employees and three lawyers […]
Hedge fund titans betting €9bn on Ireland’s recovery
Independent Ie – The €2bn bet on Irish debt led by US investment boss Michael Hasenstab begs the question: who else is taking punts on Ireland? Some of the biggest hedge fund names in the world, as it turns out. Hedge fund […]
Private Equity Industry Attracts S.E.C. Scrutiny
Dealbook – In recent years, the private equity industry has escaped much of the regulatory scrutiny that has been directed toward hedge funds and Wall Street banks. But that appears to be changing. The Securities and Exchange Commission has begun a broad examination of […]
Investcorp H1 profit slumps 90 pct on hedge fund woes
Reuters – Alternative investment manager Investcorp reported a 90-percent drop in half-year profits on Monday, hit by declining hedge fund revenues. The Bahrain-based firm, which once floated luxury brands Gucci and Tiffany & Co, said net profit was $5.3 million […]
A Secretive Hedge Fund Legend Prepares to Surface
CNBC – It’s a humbling time for Louis Moore Bacon. The 55-year-old founder of the $15 billion Moore Capital Management — and one of the premier hedge fund investors of the past two decades — just weathered his second down […]
Hedge funds offer hope to companies starved of finance
Independent.Ie – Credit starved Irish companies could be thrown an unlikely lifeline by hedge funds and pension managers. An industry body that represents European hedge funds and other “non-bank” investors in corporate debt is considering ways to help its members […]
S.E.C. Reaches Settlement in Bear Stearns Fraud Case
NYT – The Securities and Exchange Commission has reached a settlement with two former Bear Stearns hedge fund managers that will avert a second trial over accusations that they had misled investors as the mortgage market was crumbling. The deal, which is subject to […]
Hedge funds get creative in Glencore-Xstrata deal
Reuters – Hedge funds are buzzing around Glencore’s (GLEN.L) bumper $41 billion (26 billion pounds) takeover of miner Xstrata (XTA.L) after a lean year for European M&A, but are finding their usual bets tricky in the face of the eye-watering […]
Best’s Briefing: Hedge Fund Sponsored Non-Life Reinsurers Build Momentum
Business Wire – A.M. Best Co. has released a briefing on the renewed interest of hedge funds in the non-life reinsurance industry. Hedge funds are showing renewed interest in the reinsurance business as they seek to diversify their investment strategies […]
5 Hedge Funds’ Top Stocks Soar After 2011 Rout
TheStreet – Hedge funds, coming off their second-worst year in two decades, are on the rebound this year, but they’re still trailing the broader market. Hennessee Group, a hedge fund adviser, said its composite index of hedge fund performance gained 2.5% […]