Monthly Archives: February 2011
Falcone’s Harbinger Lost 19.5% in Illiquid Fund
Bloomberg – Harbinger Capital Partners LLC, the hedge-fund run by billionaire Philip A. Falcone, lost 19.5 percent last year in a pool of hard-to-sell assets that it’s divesting, according to a letter sent to investors this week. Falcone also told […]
Squawk Box Hedge Fund Manager Declared A Fugitive
New York (HedgeCo.net) – CNBC analyst and hedge fund manger, Brian Kim, is wanted by the SEC over an alleged Ponzi scheme. The New York Daily News reported that Kim was indicted on grand larceny and other charges involving a $4 million scheme that […]
Soros’ fund buys 3.5% stake in MAM Funds
CityWire – Gervais Williams’ MAM, Funds has attracted the attentions of star hedge fund manager George Soros’ fund management firm. Quantum Partners, an investment fund run by Soros Fund Management, has taken a stake in UK fund management group MAM Funds. […]
AngloGold’s Hedge Cuts Boost Dividend, Accelerate Debt Repayment
Bloomberg – AngloGold Ashanti Ltd., the third- largest producer of the metal, raised its dividend payout and paid back debt faster than expected after its decision to cut gold hedges increased the company’s spare funds. So-called cash flow from operations […]
Interest in REITs Casting a Shadow on Hedge Funds
Seeking Alpha – It’s fairly intuitive to think that real estate isn’t the best investment to throw money at these days. Even with talk of a market bottom in the U.S. and report after report of over-inflated prices in Asia, […]
Citigroup Bought by Hedge Funds Lone Pine, Moore
Bloomberg – Citigroup Inc., the third-largest U.S. bank by assets, drew investments from hedge funds including Lone Pine Capital LLC and Moore Capital Management LLC in the fourth quarter as the U.S. government cut its stake. Lone Pine, Stephen F. Mandel’s Greenwich, […]
Bernard Madoff says banks and funds were ‘complicit’ in $90bn fraud
The Guardian – Top banks and hedge funds must have known Bernard Madoff was running a giant Ponzi scheme, the convicted fraudster said in the first public interview since his arrest in December 2008. “They had to know,” Madoff told The New […]
Global Hedge Funds Hit $1.68 Trillion In January
New York (HedgeCo.net) – Hedge funds recorded the seventh consecutive month of positive returns in January as the Eurekahedge Hedge Fund Index gained 0.06% amid mixed performances seen across regional and strategic mandates. The industry attracted US$3.39 billion in net asset flows […]
Insparo launches equity long/short hedge fund with North Africa focus
Hedge Funds Review – Civil unrest in North Africa may provide interesting investment opportunities for Insparo Asset Management’s recently launched Africa Equity long/short equity hedge fund. The Africa-focused fund, managed by Jamie Allsop, launched with $7.5 million of assets under management (AUM). […]
Cohen’s SAC Added to Apple, Genzyme Stakes in Fourth Quarter
Bloomberg – Steven A. Cohen’s SAC Capital Advisors LP boosted its shares of Apple Inc. and Genzyme Corp., two of the top five companies owned by the hedge fund. SAC bought 553,336 shares of Apple, bringing the value of shares […]
Hedge Fund Software: NAU Capital Selects TFG Complete
Press release – TFG Systems, a leading provider of real time risk and portfolio management software to hedge funds, today announces that Nau Capital, a U.K. based investment manager with a global macro outlook investing in emerging markets, has selected […]
Credit Suisse Enters into Global Strategic Agreement with HDFC Asset Management of India
PRNewswire – Credit Suisse’s Asset Management division today announced that it has reached a strategic agreement with HDFC Asset Management Company Ltd. (“HDFC AMC”) of India. Through the strategic agreement, Credit Suisse will become the exclusive distributor of HDFC AMC’s […]