Monthly Archives: February 2012
Bridgewater bucks trend to make clients $13.8 billion
Baltimore Sun – Bridgewater Associates, the world’s biggest hedge fund, handed clients $13.8 billion last year, catapulting founder Ray Dalio above long-time rivals such as George Soros and John Paulson as the industry’s biggest money maker in 2011, research showed. Bridgewater’s flagship Pure Alpha […]
Cheyne hedge fund eyes “golden period” for merger arbs
Reuters – Bold merger arbitrage funds are set to enjoy rich pickings this year amidst a rebound in M&A activity, helped by the reluctance of many investors to trade complex deals after last year’s choppy markets, says hedge fund firm […]
Hedge Fund Industry on Better Footing: Survey
CNBC – Last year was one of the worst on record for hedge funds, but the industry appears to be shrugging off the bad times. According to Deutsche Bank’s latest Alternative Investment Survey, hedge fund assets are expected to rise […]
Zwirn’s Fall From Hedge Fund Glory a Horror Story of Doing The Right Thing
Bloomberg – On the lengthy list of things Dan Zwirn has lost, a few items jump out. There’s the $17 million condo on Central Park South, the summer place in Quogue, New York, and the $18 million Gulfstream IV jet. Then there’s D.B. […]
Healthcare Locums tumbles after US hedge funds take legal action
Proactive Investor UK – Healthcare Locums lost a fifth of its value in early trade after revealing that an American hedge fund has filed proceedings against the recruitment firm. The proceedings have been filed by Permian Master Fund, Permian Investments […]
Feds Giving Hedge Funds The Mob Treatment to Fight Insider Trading
Advanced Trading – Today’s American mafia bears little resemblance to the shadowy, fearsome organization that captured the nation’s imagination throughout the 20th century. During the 1980s and early 1990s, crime bosses like John Gotti, Vincent “The Chin” Gigante, and Paul […]
Seward & Kissel Study: Newly Launched Hedge Funds
New York (HedgeCo.net) – Seward & Kissel, the law firm that helped create the first hedge fund over 60 years ago, A.W. Jones & Co., announced its first study of New Hedge Funds in the U.S. The Seward & Kissel […]
Hedge Fund People Moves: Four Senior Hires At Rule Financial
New York (HedgeCo.net) – Today Rule Financial, the independent provider of business consultancy, IT consultancy and hedge fund IT services announced an increase in sales and a number of senior hires to support its growing business. In London, Jim Warburton comes in […]
Study: Investors Allocated Billions to New Hedge Funds Within Twelve Months of Launch
New York (HedgeCo.net) – According to a survey released by Citi Prime Finance, 78 leading investors who provide capital to hedge fund managers upon launch (Day One) or within the first 12 months of a fund’s existence (Early Stage) allocated […]
The State of Financial Crime, Our Latest Accounting
FBI – The founder of a $7 billion hedge fund is convicted of insider trading. A drug company pleads guilty to making and selling unsafe prescription drugs to Americans. The head of a financial company admits scamming distressed homeowners who […]
Former Edmond resident, hedge fund manager draws more prison time for money laundering
The Oklahoman – A former hedge fund manager has been sentenced to an additional 15 months in prison for money laundering. Mark S. Trimble already is serving a 10-year sentence for diverting investor funds into his own account. The latest case […]
Iran Drives Hedge Fund Oil Bets to 10-Month High: Energy Markets
Bloomberg – Iran’s pledge to halt oil sales to France and Britain combined with faster U.S. economic growth and Greece’s bailout sent bullish bets on crude futures to the highest levels in about 10 months and prices above $109 a […]