Monthly Archives: February 2012
European hedge fund stars profit in buoyant January
Reuters – Star European hedge fund managers including Crispin Odey and Pierre Lagrange were among the top performers in an upbeat January for the industry, as the European Central Bank’s cash boost for battered banks fuelled a stock market rally. […]
Kyle Bass Urges Texas Fund to Hold Gold Hedge as Assets Shrink
Bloomberg – Kyle Bass, the Dallas hedge-fund manager, urged overseers of Texas’s state university endowment, the second-largest U.S. college fund, to stick with a $1 billion investment in gold bullion even as the fund’s assets decline. “I’m against selling any […]
Remarks by Treasury Secretary Tim Geithner on the State of Financial Reform
Thursday, 2 February 2012 – I want to use the occasion of this week’s Financial Stability Oversight Council meeting to review the progress made on financial reform to date and to outline our priorities and challenges for the year ahead. […]
US regulators step up hedge fund investigations
Hedge Funds Review – Recent insider trading and fraud cases involving hedge funds are indicative of a more aggressive approach to investigating financial crimes in the US as the focus moves to suspicious trading activity. The US Securities and Exchange Commission […]
Hedge Funds Investing in Refineries Spurred by Fracking: Energy
Bloomberg – Hedge funds have invested a record $6.5 billion in U.S. petroleum refiners, expecting profit to jump as companies shut aging plants and acquire cheaper supplies of North American crude from burgeoning shale-oil wells. Barry Rosenstein’s Jana Partners LLC […]
Is The Insider-Trading Crackdown Behind Lousy Hedge Fund Returns?
Forbes – In October 2009, federal agents arrested hedge fund manager Raj Rajaratnam on charges of insider trading. The arrest sent shock waves through Wall Street and in 2011 a jury convicted the former billionaire, who is now serving an […]
Hedge fund manager Cohen considers buying a piece of the Mets
Reuters – Hedge fund manager Steven A. Cohen, who is trying to buy the bankrupt Los Angeles Dodgers baseball team, is considering taking a small stake in another team — his hometown New York Mets, people familiar with the matter […]
Farmers, Ranchers to Get Protection Against Misuse of Hedging Funds
24/7 Wall St. – The CME Group Inc. has initiated a $100 million fund to provide protection to family farmers and ranchers who hedge their businesses on the company’s futures markets: In light of the recent MF Global failure, in […]
Ader To Deploy $1 Billion to Small and Midsize Hedge Funds
New York (HedgeCo.net) – Ader Investment Management (AIM) has launched the Accelerator Fund Partners LP, a funding platform for hedge funds looking to boost assets under management and enhance their distribution into family offices and fund of funds. Individual manager allocations […]
Unigestion’s ex-head of hedge funds to launch Gougenheim Investments
Investment Europe – Philippe Gougenheim (pictured), former head of hedge funds at Swiss group Unigestion, has announced the launch of his new management company, Gougenheim Investments, based in Pfaffikon, Switzerland. The company will launch a global macro hedge fund named […]
Legg Mason Launches Permal Hedge Strategies Fund
New York (HedgeCo.net) – $627 billion global asset management firm, Legg Mason has launched Permal Hedge Strategies Fund, a fixed income focused multi-manager, multi strategy fund of hedge funds, on February 1, 2012. “Given market volatility and investor demand for lower […]
Hedge Funds Gaining on CLOs Drives Up Volatility: Credit Markets
Bloomberg – Hedge funds and junk bond investors are emerging as the biggest buyers of leveraged loans, driving up borrowing costs and volatility as the share of the market held by collateralized loan obligations falls to a 14-year low. CLOs […]