Monthly Archives: February 2010
Hedge funds to invest more in troubled cos-survey
Reuters – Hedge funds will increase their investments in distressed debt and equity this year and expect to make more money doing it, the Reuters HedgeWorld & Dykema 2010 Insolvency Outlook Survey found. The most attractive areas for distressed investing […]
Study: Market Breadth Points To Hedge Fund Performance
New York (HedgeCo.net) – Hedge fund consultant Hennessee Group LLC conducted a study examining the correlation between the breadth of equity market moves and the performance of long/short equity hedge funds relative to traditional indices. Through this study, the Hennessee […]
Hedge Funds Stuff Pockets With Citi
TickerSpy – Some of the world’s most prominent investors were adding to Citigroup (C) positions during the fourth quarter. After distressed shares of Citigroup helped David Tepper deliver investors gains in excess of 100% during 2009, few would have been surprised […]
Credit Suisse Launches Hedge Fund ETN (CSLS)
ETFdb – Credit Suisse, one of the world’s largest financial services providers, announced Monday the launch of the Credit Suisse Long/Short Liquid Index (Net) ETN, a product designed to correlate to the performance of the Credit Suisse Tremont Long/Short Equity […]
Billionaire Buys Signal Hedge Funds Bullish on Economy
Bloomberg – Some high-profile fund managers were picking up energy and airline names during Q4, and Bloomberg sees the buys as a bullish indicator for economic acceleration. Back in November, when Berkshire Hathaway announced the outright purchase of railroad Burlington […]
Hedge Funds Bet on Greek Debt Default
NYT – Hedge funds have increased their bets this month on Greece’s economic woes by shorting its bonds or buying default protection, although anecdotal evidence suggests some have cashed in after recent gain, Reuters reported. Even hedge funds without direct […]
Bloomberg Pulling $5 Billion from Quadrangle, Say Sources
NYT – New York City Mayor Michael Bloomberg is pulling about $5 billion of his own money from Quadrangle Group’s asset-management arm, reports The Wall Street Journal’s Peter Lattman, citing people familiar with the matter. The development is another blow […]
Rabbi Charged With Blackmailing Hedge Fund
New York (HedgeCo.net) – Orthodox Rabbi Milton Balkany has been charged with trying to blackmail a hedge fund, threatening to tell authorities about alleged insider trading at the fund, it was reported by Reuters this morning. Athough the prosecutors didn’t […]
BlackRock Said to Plan Asian Hedge Fund
NYT – BlackRock is adding to Asian offerings with plans to launch a a hedge fund to trade corporate bonds in the region, Bloomberg News reported, citing two people with knowledge of the matter. The world’s largest asset manager plans […]
Moore, Maverick join hedge funds headed East
Reuters – Top hedge funds Moore Capital, Maverick Capital, Viking Global Investors and Stark Investments are planning to open offices in Asia over the next few months to meet investor appetite for a slice of Asia’s growth, bankers said. Louis […]
Ex-Man Group CEO plans black box fund
Reuters – International Standard Asset Management, the hedge fund firm headed by former Man Group CEO Stanley Fink, is to launch a computer-driven ‘black box’ fund to rival Man Group’s poorly-performing flagship AHL fund. The firm is launching the ISAM […]