Monthly Archives: March 2014
USB Launches Equity Hedge Fund & Swiss Distribution System
New York (HedgeCo.Net) – Swiss banking giant UBS is launching an equity-focused hedge fund according to a WSJ report. The new hedge fund will be called Capital and Consulting Services and will be run by Michael Sales, the Global Head of Business […]
Eurekahedge: Hedge Fund Inflows Of $11 Billion Last Month
New York (HedgeCo.Net) – Hedge funds posted their best performance in the last 12 months, up 1.79% with fund managers delivering performance-based gains of $15 billion and recording net asset inflows of $11 billion during the month, the March 2014 […]
Two SAC Capital Traders Jump to Highbridge Capital
DealBook – The hedge fund Highbridge Capital Management just lured away two portfolio managers from Steven A. Cohen’s SAC Capital Advisors to manage money for its stock trading funds. The firm, with $29 billion in management, recently hired Wayne Chambless […]
Sensient urges shareholders to reject hedge fund’s bid for board seats
Journal Sentinel – The Sensient Technologies Corp. board took its case to retain control of the company directly to shareholders Monday, sending them a letter sharply critical of a hedge fund that is bidding to win four director seats. The fund […]
Hedge Fund Risk Management Faces Scrutiny at U.S. CFTC Meeting
Bloomberg – Hedge-fund and mutual-fund firms will face scrutiny of their risk-management practices in a meeting today with the top U.S. derivatives regulator. The Commodity Futures Trading Commission staff is scheduled to meet in Washington to discuss funds’ controls for […]
Hedge Fund Spars With a Nameless Blogger
NYT – Who was the leaker? That is what David Einhorn, the outspoken hedge fund manager, wanted to know after one of his firm’s investments was disclosed by an anonymous blogger last year. Mr. Einhorn was so irate about the leak […]
Former Ruth’s Chris Steak House CEO joins hedge fund group against Darden
BizJournals – Starboard Value LP continues to beef up its advisory board to battle against Darden Restaurants, this time by hiring a former Ruth’s Chris Steak House chief executive officer. Former Ruth’s Chris CEO Craig Miller joins a growing cast […]
New Whitepaper From Riveles Law Group: Launching a Hedge Fund
New York (HedgeCo.Net) – New York hedge fund attorneys Riveles Law Group has put out a new whitepaper outlining the legal, structural and practical considerations to be evaluated in establishing a hedge fund. The whitepaper covers offshore and domestic funds, hedge […]
Hennessee Hedge Fund Index Up +2.46% In February
The Hennessee Hedge Fund Index increased +2.46% in February (+2.18% YTD), while the S&P 500 gained +4.31% (+0.60% YTD), the Dow Jones Industrial Average rose +3.97% (-1.54% YTD), and the NASDAQ Composite Index jumped +4.98% (+3.15% YTD). Bonds were positive […]
Boston hedge fund executive Scott Nathan joins State Department
The Boston Globe – Secretary of State John F. Kerry has hired Boston hedge fund executive Scott Nathan as a liaison to the business community, assisting American companies that want to do business abroad and foreign firms doing business here. […]
Peltz blasts PepsiCo again, seeks details on operations, strategy
Reuters – Activist investor Nelson Peltz, who has been pushing PepsiCo Inc. to separate its beverage and snacks businesses, blasted the company yet again on Thursday [March 13] and demanded answers on operational issues and its corporate strategy. Peltz’s Trian […]
Hedge funds wary of betting on rates
Risk – Despite widespread consensus on the direction of interest rates in the US and UK, many hedge funds are wary of making bets, partly because they expect dealer constraints to exaggerate volatility when the first hikes arrive. Before Ben […]