Monthly Archives: March 2015
‘Tell your sons and daughters to cure cancer, not become hedge fund managers’
Dutch News – Too many bankers, financial experts and insurers spoil the economic broth, writes economist Mathijs Bouman. Imagine a country with too many plumbers. It’s not simply a question of a lot of plumbers; there’s literally one on every […]
Why Hedge Funds Still Make Sense for Pension Funds
NYT – Life for pension funds is getting tough. The race to the bottom in global interest rates has reduced the rate at which funds discount their future liabilities. Life expectancy continues to surge. Deficits have ballooned. In response, pension […]
Adlabs Entertainment opens IPO; Edelweiss’ hedge fund, MFs come as anchor investors
VC Circle – Manmohan Shetty-promoted Adlabs Entertainment Ltd, the firm behind theme park Adlabs Imagica, has raised Rs 60 crore (just under $10 million) from a bunch of anchor investors including a hedge fund under Edelweiss, besides a string of […]
Hedge Funds See Second Month Of Gains In 2015, Up 1.59%
New York (HedgeCo.Net) – Investor allocation activity saw an uptick in February as hedge funds recorded inflows of $6.8 billion during the month, according to today’s Eurekahedge March Index Flash Update. Distressed debt funds delivered the best performance among all […]
Event driven, equity hedge and energy hedge funds lead HFRI performance
HedgeWeek – The dissident voice of the outspoken shareholder activist may have grown slightly louder in February, as Event Driven hedge funds led a strong month of hedge fund industry gains, with the HFRI ED: Activist Index posting the strongest […]
Hedge Fund Investor NextEra Energy Plans To Acquire And Phase Out Florida Power Plant
New York (HedgeCo.Net) – NextEra Energy subsidiary, Florida Power & Light Company, (FPL) has filed a petition with the Florida Public Service Commission (PSC) to request approval to acquire the Cedar Bay Generating Plant, a 250-megawatt coal-fired facility located in […]
SEC Suspends Trading in 128 Dormant Shell Companies to Put Them Out of Reach of Microcap Fraudsters
The Securities and Exchange Commission has suspended trading in 128 inactive penny stock companies to ensure they don’t become a source for pump-and-dump schemes. The trading suspensions are the latest in a microcap fraud-fighting initiative known as Operation Shell-Expel in […]
GM Agrees To Hedge Fund Activist’s $5 Billion Buy-back Plan
New York (HedgeCo.Net) – General Motors today agreed to a $5 billion share repurchase plan put forward by Harry Wilson, a former member of Obama’s Auto Industry Task Force. As part of the deal, Wilson agreed to give up his […]
Japan-Focused Hedge Fund Arena Capital Shuts Down
WSJ – A veteran Japan investor has closed his small hedge fund that bet on and against the country’s stocks and will join one of Asia’s longest-running hedge-fund operators, a move that underscores the increasing difficulty managers face striking out […]
Hedge Funds Are Losing Faith in Oil Rally While Inventory Swells
Bloomberg – Hedge funds cut bets on rising oil prices at the fastest pace since December 2012 as U.S. inventories expanded to the highest in more than three decades. Speculators pared their net-long position in West Texas Intermediate crude by […]
Hedge funds cut bullish ag bets at fastest pace in 20 months
AgriMoney – Hedge fund optimism in agricultural commodity prices, as measured by positioning in derivatives, plunged at its fastest rate in 20 months, led by a surge in pessimism over values of wheat and sugar, in which bearish bets hit […]
SS&C GlobeOp Creates New Group to Service Hybrid Fund Structures
New York (HedgeCo.Net) – As the financial industry continues to witness the convergence of the traditionally separate asset classes of hedge funds and private equity style closed-end funds, hedge fund software provider SS&C Technologies Holdings, Inc., has created a new […]