Monthly Archives: March 2015
Activist Hedge Fund Wants New Chairman For Ciber Board Of Directors
New York (HedgeCo.Net) – Lone Star Value Management, a $2.7 million shareholder of Ciber Inc., has delivered a formal notice to IT consulting firm Ciber of its intention to nominate three director candidates for election to the board at the […]
2014 Private Equity Exit Volume Highest Level on Record
New York (HedgeCo.Net) – The Private Equity Growth Capital Council’s Trends Report for the fourth quarter of 2014 was released today. The report indicates that the industry recorded its highest exit volume ever last year, at $257 billion, and also […]
Marriage hurts a hedge fund manager more than divorce
CNN – A fund’s alpha — the measure of how much it beats the market — falls by an annualized 8.5% around the time of a manager’s marriage, according to a study released this month by University of Florida economists. […]
Bharara hedge fund raid based on ‘lie’: Lawyer
CNBC – A 2010 raid of now-defunct hedge fund Level Global was “based completely on a lie,” an attorney for the fund’s manager David Ganek argued on Friday. Ganek on Thursday sued prosecutor Preet Bharara and U.S. officials, claiming they […]
The Guy Who Made a $1 Million Bet Against Warren Buffett
Time – Warren Buffett bet a prominent U.S. hedge fund manager in 2008 that an S&P 500 index fund would beat a portfolio of hedge funds over the next ten years. How’s it going? “We’re doing quite poorly, as it […]
World’s Biggest Hedge Funds Reach Record Highs
New York (HedgeCo.Net) – Absolute Return just went live with its latest Billion Dollar Club rankings and US hedge funds are now managing their all-time peak assets, with growth at levels not seen since before the financial crisis. Assets grew […]
U.S. high-frequency trading ban unlikely: Nasdaq
Reuters – U.S. regulators are unlikely to put rules in place that would harm high-frequency trading (HFT) as doing so would make trading more difficult and expensive for all investors, Robert Greifeld, chief executive officer of Nasdaq OMX Group said […]
Coffee in vogue as hedge funds up bullish ag bets
AgriMoney – Hedge funds extended their bets on rising commodity prices for an eighth successive week, led by grains and by arabica coffee, in which they were at their most bullish in six years. Managed money, a proxy for speculators, […]
Trader Who Left Citi Amid Rate-Rigging Case Joins Hedge Fund
WSJ – Chris Cecere, criticized by Japanese authorities in 2011 for his alleged efforts to rig benchmark interest rates, has begun a new job at hedge fund Element Capital Management LLC in New York, according to people familiar with the […]
Hedge fund managers shy away from mutual funds
P&I – Huge growth in alternative investment mutual funds is fueling a big market for subadvisory hires for hedge fund managers. What’s catching the attention of many smaller hedge fund managers, and to a lesser extent big fund complexes, is […]
The Hedge Fund Activists Are Not the Flavor of the Month for the Chief Justice of the Delaware Court
Forbes – Some very high powered judicial figures and institutional investor giants are coming down hard on insatiable promotional shareholder hedge fund activists like Bill Ackman, Daniel Loeb or Carl Icahn for self-interested activities that are distracting boards of directors […]
Bizzby Raises $10M From Hedge Fund To Take On TaskRabbit In UK
Tech Crunch – On-demand services marketplace Bizzby has raised $10 million, and claims to have reached 40,000 users its first three months of operation this year with a smartphone app resembling TaskRabbit-style services. The investors was undisclosed but sources say the investor […]