Monthly Archives: February 2012
Hedge fund exits hit record low after bumper January
Reuters – Client exits from hedge funds fell to a record low after performance bounced back in January, industry data showed on Thursday, as investors were encouraged to stick with their portfolios despite a disappointing and volatile 2011. The GlobeOp […]
Fundspire Envelops Growth in the Hedge Fund Cloud
New York (HedgeCo.net) – Fundspire, a cloud-based technology provider of performance analytics and reporting for the hedge fund industry, announced record revenue as well as significant client, product and employee growth in 2011. “We are very pleased to have had […]
Louisiana Teachers Readies Hedge Fund Consultant Search
FIN – A $12.7 billion Louisiana pension is set to take the next step towards its first hedge fund investment. The state’s Teachers’ Retirement System will begin a search for a hedge fund consultant next month, Pensions & Investments reports. The move […]
Bacon’s Moore Is Said to Invest $800 Million in Former Traders’ Hedge Fund
Bloomberg – Moore Capital Management LLC, the New York firm founded by Louis Moore Bacon, invested $800 million in a hedge fund begun last year by two of its former traders, according to two people with knowledge of the matter. […]
Hedge Fund Manager Cohen Wines and Dines With NJ Gov. Christie
Fox – Hedge fund manager Steve Cohen continued his wooing of national Republican leaders with a dinner Tuesday night with one of the party’s rising stars: New Jersey Governor Chris Christie, the FOX Business Network has learned. The dinner, held […]
Long/Short Hedge Funds To Gain From Correlation Decline
WSJ – Stock correlation within sectors has dropped significantly this year as markets have rallied, providing a boon for long/short equities managers who buy and sell companies based on fundamental analysis of their individual merits. Giles Worthington, a portfolio manager […]
Hennessee: Hedge Funds Post Gains as Equity Markets Rally
New York, NY – Hennessee Group LLC, an adviser to hedge fund investors, announced today that the Hennessee Hedge Fund Index advanced +2.51% in January, while the S&P 500 advanced +4.36%, the Dow Jones Industrial Average increased +3.40%, and the NASDAQ Composite Index climbed +8.01%. Bonds also advanced, as […]
Hedge Fund People: Tim Ridley Joins GlobeOp
New York (HedgeCo.net) – $173 billion hedge fund GlobeOp Financial Services has appointed Tim Ridley to its Cayman Islands subsidiary board. Ridley, the former chairman of the Cayman Island Monetary Authority (CIMA) and a former senior partner of Maples and Calder, was […]
Event-driven hedge funds up 3.54% in January
New York (HedgeCo.net) – Hedge funds ended a two-month losing streak, profiting from the January market surge. The Hedge Fund Intelligence Global Composite Index rose 1.27%. The equity market rally handily exceeded hedge fund returns, however, with the MSCI World Index (net) […]
China Sunshine Funds Miss Hedge Slump to Triple Assets
Bloomberg – Wealthy Chinese investors are turning to “sunshine” private trusts, the prototypes of hedge funds in the communist nation, as the property market cools, stocks slump and bank-deposit rates fail to match inflation. China’s private trust-fund assets tripled to […]
Hedge fund sues Petters’ former law firm
Minneapolis Star Tribune – The role of the Minneapolis law firm Fredrikson & Byron in the business affairs of convicted businessman Tom Petters is under scrutiny. A lawsuit filed in U.S. District Court in Minneapolis alleges that the firm “materially […]
Hedge Funds Climbed 0.2% in January on Best Start for Equities in 18 Years
Bloomberg – Hedge funds gained 0.2 percent in January as equities around the world had the best start in 18 years after U.S. economic growth showed signs of accelerating and European leaders moved closer to a solution for the region’s debt […]