Monthly Archives: February 2011
Portuguese bond yields hit 10-year high
UPI – Portuguese debt went from buy to sell Wednesday, forcing yields to 10-year highs and renewing concern of a possible economic bailout, a rates strategist said. “Once again we’re back into this lull where they (EU policymakers) have promised […]
Hall’s Astenbeck fund beats rivals even as oil lags
Reuters – Andrew Hall’s ability to beat competitors with a 12 percent return on his flagship hedge fund and raise over $1.5 billion last year is probably unsurprising from a trader accustomed to outsmarting rivals. The surprise is that he […]
Bakrie Group’s Ridwan Plans Indonesia-Focused Stock Hedge Fund
Bloomberg – Edwin Ridwan, who helped set up the proprietary equity trading desk of Bakrie Group last year, is seeking capital to start an Indonesia-focused hedge fund that will bet on rising stocks. Ridwan, 41, is in talks with the […]
Fed says no leeway on Volcker Rule timing
Reuters – The U.S. Federal Reserve has denied requests from financial industry players to give them more leeway in the time they have to comply with the Volcker Rule, the agency announced on Wednesday. The Fed put out a final […]
Hedge Funds Care to Honor Anthony Scaramucci
New York (HedgeCo.net) – Hedge Funds Care, an international non-profit organization which raises funds and awareness within the hedge fund industry for programs that work to prevent and treat child abuse, announced that it will hold its 13th Annual New […]
Hedge Fund Mergers & Acquisitions: Alpha Theory/Axtell Consulting Group
New York (HedgeCo.net) – Alpha Theory announced the acquisition of hedge fund risk management consulting firm Axtell Consulting Group. The acquisition allows Alpha Theory to offer a more comprehensive set of risk and portfolio management consulting services to its clients. […]
Ten Best Hedge Funds of All Time
Benzinga – Several publications try to rank hedge funds based on their one year or three year performance. These criteria aren’t sufficient to determine which hedge funds truly deserve to have the top rankings. They employ some filters to eliminate […]
US sentencing guidelines: a cornerstone of hedge fund compliance practices
Reuters – Compliance regulations couldn’t get any more press coverage than they do today, given the almost daily raft of new SEC and Treasury rules. Putting the proposed and actual laws aside, however, have you ever stopped to wonder what […]
Are hedge fund managers the Tories’ trade unionists?
BBC – Labour leaders and Labour prime ministers have since time immemorial (well almost) taken millions of pounds of funding on behalf of their party from trade unions, and devoted a considerable slug of their waking hours to telling the […]
Justice Dept. charges 4 with insider trading at hedge funds
Washington Post – The Justice Department charged three hedge fund portfolio managers and one analyst in a criminal conspiracy that allegedly involved information about companies such as Advanced Micro Devices and Fairchild Semiconductor International. The Securities and Exchange Commission, which […]
Desperate ‘insider coverup’
NY post – A panicked hedge-fund manager running an insider-trading ring was so frightened the feds were closing in, he fled his Upper East Side apartment in the middle of the night to toss evidence into garbage trucks around the […]
Hermes BPK aiming to triple assets in 5 years
Reuters – The fund of hedge funds arm of Hermes aims to boost its assets by three times to $5 billion (3.1 billion pounds) in five years by tapping growing demand for alternative investments in countries including Japan, the head of […]