Monthly Archives: February 2011
Factor Advisors launches spread ETFs for hedge fund traders
Hedge Funds Review – Factor Advisors has launched a family of exchange traded funds (ETFs) that provide exposure to leveraged spread positions through a single instrument. The Factor Advisors ETFs, listed on NYSE Arca, hold paired long and short positions in […]
Scandinavia’s Brummer Closes Its Asian Equity Hedge Fund on Poor Returns
Bloomberg – Brummer & Partners, the largest Scandinavian hedge fund, closed its Asia-focused equity fund and the firm managing it after its performance damped returns, according to the Stockholm-based company’s annual report. The Karakoram fund, which bet on rising and […]
New Asian hedge funds raise $3.8 bln in 2010
Reuters – Assets raised by new hedge funds in Asia surged nearly 50 percent to $3.84 billion in 2010 from a year earlier, yet another sign that investor interest in regional funds has been on the mend since a tough […]
Hedge Fund Analyst Bail Includes House Arrest with Electronic Monitoring Bracelet
New York (HedgeCo.net) – Hedge fund consultant Winifred Jiau has pleaded not guilty to conspiracy and securities-fraud charges in the Galleon investigation. Bail was set at more than $500,000. According to the Seattle Times, the Judge agreed to the bail “Only after […]
Morningstar: January hedge fund performance and asset flows through 2010
New York (HedgeCo.net) – Hedge funds enjoyed a slightly positive January, but trailed most stock-market indexes. The Morningstar 1000 Hedge Fund Index and the currency hedged Morningstar MSCI Hedge Fund Index rose 0.4% and 0.2%, respectively. “Many hedge funds posted […]
Special Report: Is Stevie Cohen the Feds’ Moby Dick?
Reuters – Soon after prosecutors charged two of his former employees with trafficking in confidential corporate information earlier this month, Steven A. Cohen kicked his hedge fund’s damage control operation into high gear. In the morning, top managers at SAC […]
Ex-Goldman Sze step closer to $1 billion-plus hedge fund
Reuters – Former Goldman Sachs Group Inc star trader Morgan Sze moved a step closer to the launch of his $1 billion-plus hedge fund, registering Azentus Capital with the Hong Kong market regulator this week. Hong Kong-based Sze, head of Goldman’s […]
Senator Wyden’s Son Starts Hedge Fund After D.E. Shaw Internship
Bloomberg – U.S. Senator Ron Wyden has a new hedge fund in his basement. That doesn’t mean he’s getting in on the ground floor. His son, Adam, started a fund under the name ADW Capital Partners LP that he runs […]
Trending: Hedge Fund Strategies In UCITS Format
New York (HedgeCo.net) – ML Capital, a leading investment manager and promoted of UCITS funds, has recently published its first Quarterly UCITS Funds Barometer. The presentation follows a survey by ML Capital of active investors currently allocating to UCITS about […]
Emerging Managers Shine at Hedge Fund Summit
New York (HedgeCo.net) – Opal Financial Group sponsored the recent Emerging Managers Summit, and over 300 institutional investor participants heard loud and clear what has become well-established: Emerging investment fund managers consistently outperform large and brand-name investment firms, and they […]
Nadel-owned building sold to pay victims
Herald Tribune – The sale will net $650,000 for the Nadel receivership, which is paying claims from investors who lost money in his $330 million hedge fund scheme. So far this year, court-appointed receiver Burt Wiand also has reached settlements […]
Hedge Funds Boost Bullish Silver Bets as Mideast Tensions Mount
Bloomberg – Hedge funds boosted bullish bets on silver to the highest in almost four months as tensions in the Middle East sent the metal to a 30-year high. Managed-money funds held net-long positions, or wagers on rising prices, totaling […]