Monthly Archives: February 2011
Bullish Gold Bets Rebound in February as Mideast Tensions Mount
Bloomberg – Hedge funds boosted their bullish bets on gold to the highest since December, when the precious metal was headed to a record price, as tensions in the Middle East spurred investor demand for a haven. Managed-money funds held […]
Hedge Fund Wiretap Evidence To be Used In Galleon Case
New York (HedgeCo.net) – Federal judge Judge Richard Holwell ordered that hedge fund founder Raj Rajaratnam has to hand over the taped evidence to be used against him at the March 8 trial, Reuters reported today. The hedge fund founder was given […]
Hedge Funds’ Bets Soar on Libya
Bloomberg – Hedge funds raised bullish oil bets to a record as violent clashes in Libya curbed output from Africa’s third-largest producer, driving crude to $100 a barrel for the first time in more than two years. Muammar Qaddafi’s standoff […]
Activist Hedge Fund Managers Eye CEOs Sitting on Piles of Cash
Emii – They’re back. Activist hedge fund managers, who agitate to force out entrenched company managements, are in fighting form for the 2011 proxy season and stalking companies hoarding cash. “You’re seeing more attention paid to activism, given corporate balance […]
SEC Taps Hedge Fund IM Platform: Charge Pair In $440 Million `Portfolio pumping´
New York (HedgeCo.net) – The SEC has charged two securities professionals, a hedge fund trader, and two firms involved in a scheme that manipulated several U.S. microcap stocks and generated more than $63 million in illicit proceeds. The SEC recorded […]
Dow Jones Islamic Markets in February: Lessons from the turmoil
It is of no surprise that the Dow Jones Islamic Market Index (DJIM) covering Arab stock markets suffered the largest losses in February. Political crisis and civil unrest in Egypt, Jordan, Bahrain, Yemen, Morocco, escalating even to a civil war like in […]
Hedge Fund People Moves: CME Group Announces Managing Director Promotions
CME Group, the world’s leading and most diverse derivatives marketplace, today announced the following promotions, which were effective February 13: Howard Hopkins, Managing Director, Client Development & Sales – Commericals Corporates Hopkins leads the global team responsible for client management, […]
Dow Jones Credit Suisse January Hedge Fund Index Commentary
New York (HedgeCo.net) – Hedge funds, as measured by the Index, successfully capitalized on opportunities across most global markets as equities, credit and commodities markets rallied. Some key findings from the report include: The Index posted positive performance in January, […]
Hedge Fund Fraud: Texas Trader’s Assets Frozen
New York (HedgeCo.net) – The SEC unsealed an emergency court order halting an alleged Ponzi scheme by a hedge fund trader in the Dallas-Fort Worth area. Chris Blackwell is alleged to have sold investments in a phony fixed income trading program. […]
Hedge funds wary of punts on North African chaos
Reuters – Hedge funds are so far shying away from the political turmoil in North Africa, despite their reputation as risk-takers on the lookout for a quick gain. Only a handful are starting to hunt ways to profit with investments, […]
SEC eyes faster disclosure for activist funds
MarketWatch – The Securities and Exchange Commission may soon require activist hedge fund managers to disclose more quickly the stakes they take in companies whose management they are trying to shake up. The agency effort would also likely make it […]
Plenum Investment Hedge Fund Adviser Henrik Wennberg Resigns
Bloomberg – Henrik Wennberg, who co-founded two Nordic electricity hedge funds at Plenum Investments Ltd., has resigned from the Zurich-based money manager, Plenum Chief Executive Officer Rainer Gruenig said today by e-mail. Wennberg, 44, a senior fund adviser for the […]