Monthly Archives: February 2013

Chicago Tribune – Pierre Andurand, who managed $2 billion at his BlueGold oil hedge fund before it folded last year under heavy losses, is headlining a host of one-time commodity stars looking to make a comeback in a less merciful […]

CNN – JC Penney’s latest tangle has many folks speculating about whether there’s another hedge fund battle brewing. The retailer said it received a Notice of Default from law firm Brown Rudnick, which claims to represent an “ad hoc” group […]

Bloomberg – The Merchant Commodity Fund, managed by Doug King and Michael Coleman, cut a third of its staff after two consecutive years of losses during which assets under management slumped almost 90 percent. The hedge fund cut five jobs […]

BusinessWeek – Since hotelier Tobias Zurbriggen can remember, the business of running Saas-Fee has been a local affair. Now, the Swiss ski resort neighboring the Matterhorn is feeling the heat from a New York-based financier. Edmond Offermann, a nuclear scientist […]

Hedge-fund clients of Bank of America Corp.’s Asian prime brokerage unit have increased their leverage since October as the market outlook improved, according to the second-largest U.S. bank by assets. Gross leverage, which tracks hedge funds’ long and short positions […]

Reuters – France’s finance minister Pierre Moscovici defended on Tuesday a government plan to ringfence banks’ proprietary trading and leave hedge-fund financing intact, saying that hedge funds play a vital role in the French economy. France’s proposed bank reforms, due […]

Fox Business News – The world’s largest hedge fund, Bridgewater Associates, told investors it will launch a new hedge fund this year, and that it had sold a minor equity stake in the firm to an unidentified buyer, the Wall […]

Are you an active investor in consumer stocks? Are you encouraged by the improving macro environment, the stock market rally, and a positive U.S. job report? If you think this will translate into an improved spending environment, the consumer sector […]

Finalternatives – The chief fundraiser for convicted Ponzi schemer Thomas Petters unexpectedly pleaded guilty to fraud charges Friday, putting a halt to the trial of a hedge fund manager charged with aiding the scam. Frank Vennes, who has repeatedly denied […]

Bloomberg: Hedge funds and refiners vied to buy oil futures last month, pushing crude to the highest level since September, as the U.S. added jobs and expanded manufacturing while the government said fuel demand will rebound this year. Money managers […]

Bloomberg – U.K. Prime Minister David Cameron and German Chancellor Angela Merkel are both talking up competitiveness — in two incompatible languages. Cameron’s determination to protect the financial-services powerhouse in London and tame what he sees as the bureaucratic leviathan known as the European Union risks […]