Monthly Archives: March 2014
Ex-IMF chief Strauss-Kahn-led hedge fund aims to raise $2 billion
Reuters – Former International Monetary Fund chief Dominique Strauss-Kahn plans to raise $2 billion in a macro hedge fund, his firm, LSK & Partners, said on Thursday, as investors continue to back a low-risk and rapidly growing investment strategy. The […]
Hedge Funds Care? Disrupt Your Conventional Thinking
HuffPo – Last week, on another one of those chilled evenings that have become so familiar this winter in New York, I attended one of Manhattan’s most cherished hedge fund industry events: the 16th annual Hedge Funds Care benefit. On […]
Mitsubishi UFJ Fund Services acquires hedge fund administrator Meridian Fund Services Group
P&I – Mitsubishi UFJ Fund Services on Wednesday announced it acquired hedge fund administrator Meridian Fund Services Group, pending regulatory approval. Terms were not disclosed, said Alistair Scott, Mitsubishi UFJ spokesman. Meridian was owned both by management and outside investors, […]
Pensiongate? Christie Campaign Donors Won Huge Contracts
The Nation – Governor Christie moved to award big pension management contracts to the Wall Street donors who have helped boost his political fortunes. In his second year in office, Christie’s administration proposed giving Singer’s hedge fund, Elliott Associates, a […]
Marketwired to stop selling to high-frequency traders
Reuters – Marketwired, a company that publishes and distributes corporate earnings and other market-moving news releases, said on Wednesday [March 19] it will no longer sell them directly to high-frequency trading companies. The move comes after discussions with the New York […]
Hedge Funds Grab a Stake In Bitstamp
New York (HedgeCo.Net) – New York private equity firm Fortress Investment Group and two other investors, Benchmark Capital and Ribbit Capital, are buying a stake in Pantera Bitcoin Partners, a San Francisco-based hedge fund operator that buys and sells virtual currencies, Reuters reports. Pantera invested about […]
Neuberger Berman Mid Cap Growth Fund Surpasses $1 Billion In Assets
New York (HedgeCo.Net) – Hedge fund investor Neuberger Berman Group’s Mid Cap Growth Fund has exceeded $1 billion in assets under management following investor inflows and investment gains (as of February 21, 2014) since January 31, 2003. The Fund’s two share […]
Hedge fund showcase event SALT looks to exit Singapore
CNBC – Anthony Scaramucci, founder of $9.6 billion fund of hedge funds SkyBridge Capital, has made the SkyBridge Alternatives Conference in Las Vegas the Super Bowl of hedge fund events since it launched in 2009. Dubbed “SALT,” the May event […]
Judge in Germany Dismisses Hedge Fund Suit Against Porsche Holding
DealBook – The former holding company for the automaker Porsche won a victory Monday in its long-running legal battle with a group of aggrieved hedge funds, after a judge in Stuttgart dismissed a suit seeking damages over events leading up […]
New York AG seeks curbs on high-frequency traders
Reuters – New York’s attorney general urged U.S. stock exchanges and other venues on Tuesday [March 18] to limit services that he said provided unfair advantages to high-frequency traders and undermined confidence in the markets. The stock exchanges allow traders […]
US hedge fund launches continue to surge
Risk.Net – This was not a “huge shift” compared with the last four to five years, according to Steve Nadel, partner and co-head of the firm’s investment management practice and lead author of New Hedge Fund Study. He thinks the popularity […]
Clearing firms fear Wall Street regulator’s data proposal
Reuters – A proposal by Wall Street’s industry-funded watchdog to ramp up oversight of securities brokerages could expose clearing firms to more enforcement actions and lawsuits, lawyers say. The Financial Industry Regulatory Authority has said it wants to review, on […]