Monthly Archives: March 2015
Hedge Funds Compensation Hits $347,000 A Year As EBIT Hits 24%
ValueWalk – Although the hedge fund industry has been steadily recovering from when it hit rock bottom in 2008, it still is underperforming some key benchmarks. Nonetheless, institutional investors are still happy with the industry’s performance, as IBISWorld reports that […]
Dubai hedge fund firm adds top UAE tycoon to board
Arabian Business – Dalma Capital Management Limited, a Dubai-based hedge fund manager, has announced that high profile business tycoon Mishal Kanoo has been appointed to its board as a licensed director. Mishal Kanoo is also the deputy chairman of The […]
Law firm sued for £28m over an alleged hedge fund fraud
Scotland Herald – One of Scotland’s best known law firms is being sued for £28 million in connection with alleged fraud at a failed hedge fund, it has emerged. Glasgow-based Levy & McRae is being pursued by the liquidator of […]
McCormack’s ‘Tiger’ hedge fund to shutter
CNBC – Tiger Consumer Management, the nearly 15-year-old hedge fund firm led by Patrick McCormack and with close ties to Julian Robertson’s Tiger Management, is shutting down at the end of March. “Managing a fundamentally driven, long/short equity hedge fund […]
Hedge fund Eton Park gains in February as currency bets help
Reuters – Eric Mindich’s $9 billion hedge fund Eton Park retured 3.7 percent in February, having made money by betting against the Japanese yen and euro and by putting on new positions in Asian dairy companies, an investor in his […]
Ever Wanted To Replicate A Hedge Fund? HedgeCoVest Explains How
Benzinga – Who will be the next Apple? What company with what disruptive idea will turn the world of technology upside down? In this series, Benzinga interviewed CEOs of several technology startups that are making waves today in hopes of […]
Hedge Fund Giant SkyBridge Launches SkyBike In Palm Beach
New York (HedgeCo.Net) – $12.5 billion hedge fund manager, SkyBridge Capital, has has targeted Florida as a top region for growth, opening an office in Palm Beach Gardens, Florida. SkyBridge Capital’s founder Anthony Scaramucci joined West Palm Beach Mayor Jeri […]
Investcorp Hedge Funds Group Hires Gregory Berman
New York (HedgeCo.Net) – Investcorp has hired hedge fund specialist Gregory Berman as the firm’s Hedge Funds business as a Principal and Co-Head of Fundamental Strategies. In his role, Berman will be responsible for developing and managing Investcorp’s Equity, […]
Hedge funds eye takeover targets but caution investors in frothy market
Sydney Morning Herald – High-flying hedge funds are increasing their bets there will be more corporate takeovers in Australia – but they insist retail investors need to do a lot more homework than simply following suit in a frothy market. […]
Viking Global says Purcell leaving hedge fund -letter
Reuters – Long-time Viking Global Investors executive Tom Purcell is leaving the $32 billion hedge fund to invest his personal fortune and pursue other interests, the firm said this week in a letter to investors. Purcell, 44, who joined Viking […]
Morgan Stanley is said to revive annual China hedge-fund event
Business Times – Morgan Stanley is reviving after a two-year absence an annual event in China that showcases Asia-focused hedge funds to potential investors, said people with knowledge of the matter. The bank plans to hold this year’s Asian hedge-fund […]
Goldman Hedge Fund Executive Shifts Roles
NYT – Goldman Sachs is moving a top executive, David Z. Solomon, from a post working with the bank’s hedge fund clients to a new position that entails working on one of Goldman’s in-house hedge funds. The bank announced the […]