Monthly Archives: February 2012
Bullish Hedge Funds Hike Their Bets in 2012 Rally
CNBC – Hedge funds are cranking up their bets in equities and credit in 2012’s buoyant markets in the belief that the euro zone, U.S. and Chinese economies will fare better than many were fearing last year. Many funds think […]
European institutional investors to lean more on hedge funds
Pensions & Investments – European institutions — led by the U.K. — are expected to raise or change their hedge fund allocations in a bid to improve funding levels while better controlling portfolio volatility, industry observers say. Hedge fund allocations […]
Closures, losses push back Asia hedge fund industry
Reuters – A rough year for Asian hedge funds in 2011 exposed the long-only bias of many managers’ portfolios, leaving the industry fighting a tough battle to retain clients as assets shrink and fund closures accelerate. The setback puts at […]
Hedge funds bullish on commodities
Vancouver Sun – Hedge funds increased commodity bets to the highest in al-most five months on signs that a rescue plan for Greece and faster U.S. growth will buoy demand as supplies shrink for everything from soybeans to copper. Money […]
SEC charges tech analyst with insider trading
CNN – Technology analyst John Kinnucan was arrested Friday on allegations of trading on information about many of the nation’s leading tech companies, resulting in illicit gains of nearly $110 million. Kinnucan faces both criminal and civil charges. He was […]
Northern Trust Expands Hedge Fund Arm
New York (HedgeCo.net) – Northern Trust is building its capabilities in hedge fund and private equity management for institutional and individual clients with its Northern Trust Alternatives Group. Anthony Zanolla has been named Head of Portfolio Management, Tony Lissuzzo will […]
US Judge Finds UK Hedge Fund Adviser Guilty Of Securities Fraud
New York (HedgeCo.net) – New York Judge Robert W. Sweet issued an Opinion in favor of the SEC finding that United Kingdom-based hedge fund adviser Pentagon Capital Management PLC (PCM) and Lewis Chester, PCM’s Chief Executive Officer, engaged in securities […]
Lloyds to seize back bonuses from 10 senior bankers
Guardian – Lloyds Banking Group is to announce that it intends to “claw back” bonuses from as many as 10 senior bankers because of the £3.2bn losses that the bailed-out bank suffered after the payouts were awarded a year ago. Between […]
Institutionalisation of hedge funds debated by industry experts
Hedge Funds Review – The increasing size of the hedge funds industry and whether the institutionalisation of the industry has gone too far were among topical issues discussed during the latest Naked Short Club. With the hedge funds industry seeing […]
US SEC widens probe of exchange-traded funds
Reuters – U.S. securities regulators have widened their inquiry into the trillion-dollar market for exchange-traded funds, according to a person familiar with the matter. Prompted by a delay in a big trade at a popular ETF, the U.S. Securities and […]
Hedge funds bet Glencore won’t pay more for Xstrata
Telegraph – Funds including Pine River Capital Management, Arrowgrass Capital Partners and Och-Ziff have taken a series of complex positions in both Glencore and Xstrata. But the moves are at odds with a number of Xstrata’s blue-chip shareholders – led […]
Funds and firms on a collision course
Dow Jones – Distinctions between hedge funds and private equity are becoming increasingly blurred as alternatives managers look to do more long-term buyout deals and private equity firms seek to emulate investment funds. Eight years ago, Henry Kravis, co-founder of […]