Monthly Archives: February 2012
UCITS Hedge Funds up 1.37% in January
New York (HedgeCo.net) – The UCITS Hedge Fund Alternative Index Global is up 1.37% in January, after a performance of -3.64% in 2011. The Fund of Funds Index is up 0.18% after finishing the year 2011 down -5.25%. All strategies […]
Hedge Fund Manager Sal Naro Launches Coherence Capital Partners LLC
New York (HedgeCo.net) – Sal Naro, former co-managing partner of hedge fund Sailfish Capital, a $4.4 billion asset management firm with approximately $2 billion in hedge fund assets, is announcing the launch of Coherence Capital Partners LLC. “Coherence will look […]
US hedge funds capitalise on Lehman collapse
Telegraph – The Wall Street titan’s 2008 downfall saw the implosion of a $1 trillion balance sheet, putting 26,000 jobs at risk. Yet it is now making some investors very rich. Four large American hedge funds – Elliot Associates, King […]
Institutional investors set to dump poor hedge fund performers
Pensions & Investments – Institutional investors will be sharpening their scalpels in 2012, cutting managers that failed to provide what they promised: absolute return. Last year was the second-worst year for hedge fund performance in the 22 years that Hedge […]
Hedge Funds Underestimating Europe’s Will to Force Greek Losses
San Francisco Chronicle – Hedge funds seeking to wring profits from a Greek debt restructuring are underestimating the will of policy makers to impose losses on them, according to investors who say trying to beat the politicians is too risky. […]
Hintze’s CQS Starts ABS Hedge Fund After Prices Fell Last Year
Bloomberg – CQS U.K. LLP, the $11.2 billion money-management firm founded by Michael Hintze, is starting a hedge fund to trade mortgage-backed securities after the value of the assets tumbled last year. The CQS ABS Alpha Fund started with $140 […]
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 […]