Monthly Archives: February 2012
A Secretive Hedge Fund Legend Prepares to Surface
CNBC – It’s a humbling time for Louis Moore Bacon. The 55-year-old founder of the $15 billion Moore Capital Management — and one of the premier hedge fund investors of the past two decades — just weathered his second down […]
Hedge funds offer hope to companies starved of finance
Independent.Ie – Credit starved Irish companies could be thrown an unlikely lifeline by hedge funds and pension managers. An industry body that represents European hedge funds and other “non-bank” investors in corporate debt is considering ways to help its members […]
S.E.C. Reaches Settlement in Bear Stearns Fraud Case
NYT – The Securities and Exchange Commission has reached a settlement with two former Bear Stearns hedge fund managers that will avert a second trial over accusations that they had misled investors as the mortgage market was crumbling. The deal, which is subject to […]
Hedge funds get creative in Glencore-Xstrata deal
Reuters – Hedge funds are buzzing around Glencore’s (GLEN.L) bumper $41 billion (26 billion pounds) takeover of miner Xstrata (XTA.L) after a lean year for European M&A, but are finding their usual bets tricky in the face of the eye-watering […]
Best’s Briefing: Hedge Fund Sponsored Non-Life Reinsurers Build Momentum
Business Wire – A.M. Best Co. has released a briefing on the renewed interest of hedge funds in the non-life reinsurance industry. Hedge funds are showing renewed interest in the reinsurance business as they seek to diversify their investment strategies […]
5 Hedge Funds’ Top Stocks Soar After 2011 Rout
TheStreet – Hedge funds, coming off their second-worst year in two decades, are on the rebound this year, but they’re still trailing the broader market. Hennessee Group, a hedge fund adviser, said its composite index of hedge fund performance gained 2.5% […]
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 […]