Monthly Archives: February 2011
Discount contraction makes listed hedge funds a game still worth playing
Hedge Funds Review – Potential for narrowing discounts of listed hedge funds is “significantly more encouraging” than the below 10% returns most investors expect from the broader industry this year. Three-quarters of listed hedge fund investors polled recently by Royal […]
Hedge Fund Launch: The Insparo Africa Equity Fund
London – Insparo Asset Management (“Insparo”) has launched a new fund that will capitalise on the huge growth potential of African businesses and the rise of the continent’s consumer culture. The eagerly-anticipated fund becomes Insparo’s second offering, following the remarkable […]
Raided hedge fund Level Global to shut down
Reuters – Level Global Investors, one of four hedge funds raided by authorities last November in a broad investigation into insider trading, told investors on Friday it would shut down, citing the pressure of the probe and investor redemptions. The Connecticut-based […]
US hedge fund eyes China elderly housing: report
AFP – US finance firm Fortress Investment plans to raise $1 billion for a China fund that would invest in housing for the elderly, as authorities contend with a looming ageing problem, a report said Monday. The hedge fund and […]
Hedge Funds Increase Bullish Wheat Bets to Highest Since 2007
Bloomberg – Hedge funds increased their bullish bets on wheat to the highest in more than three years amid shrinking global supplies and mounting concern that food inflation will accelerate. In the week ended Feb. 8 on the Chicago Board […]
Advanced Markets launches Tri-Party partnership with Deutsche Bank National Trust Company
CHARLOTTE, N.C. – Advanced Markets LLC (AM), A Direct Market Access (DMA) FX trading firm, has announced a strategic partnership with Deutsche Bank National Trust Company (DBNTC) to offer an innovative fiduciary global deposit solution to its clients. The product […]
Galleon/Rajaratnam Hedge Fund Trial Phostponed Till March 2011
New York (HedgeCo.net) – U.S. District Court Judge Richard Holwell in New York has postponed hedge fund founder Raj Rajaratnam’s trial from February 28, to March 8th, according to Reuters. The judge did not provide a reason. Reuters reported that according to […]
Hedge fund managers look to institutional investors
HedgeStrategy – Nearly half of hedge fund managers plan to market specifically to institutional investors in the coming year, according to the latest study from Preqin. It has emerged that 61% of hedge fund capital now comes from institutional investors […]
Indicted hedge fund trader linked to Cohen, Druker
Reuters – Steven Cohen and Neil Druker are at opposite ends of the spectrum when it comes to hedge fund fame and trading prowess. But both wealthy hedge fund managers now find themselves linked to a U.S. insider trading investigation […]
Soros Joins Paulson Saying Fed Did Too Little to Prevent Financial Crisis
Bloomberg – George Soros and John Paulson, who oversee two of the world’s largest hedge funds, say the Federal Reserve helped cause the financial crisis through inaction and lack of oversight, according to interviews released yesterday. Paulson, whose Paulson & Co. made […]
SAC’s Trading Mimics Insider Dealings Identified by Prosecutors
Bloomberg – SAC Capital Advisors LP traded at least 11 stocks near the time of insider trading in the same shares that prosecutors have identified at other hedge funds, according to data compiled by Bloomberg. Former SAC portfolio managers Noah Freeman […]