Monthly Archives: March 2014
City was like a giant hedge fund before crisis, says Bank of England official
Guardian – The City operated like a “giant hedge fund” in the runup to the financial crisis, and the resulting crash could leave the British economy with permanent low productivity and stagnant earnings, according to a senior Bank of England official. Charlie Bean, […]
U.S. senators urge CFTC action on position limits
HedgeWorld – A group of U.S. senators has urged the Commodity Futures Trading Commission to quickly complete new rules on position limits in commodity markets to tamp down on speculation in products such as gasoline and home heating oil. “The […]
The Senator and the Hedge Fund
WSJ – Americans are unhappy with Congress, but William Ackman may be an exception. The manager of the Pershing Square hedge fund has been trying to drum up federal investigations into Herbalife, HLF -5.38% and Senator Ed Markey has delivered. The Massachusetts Democrat urged federal regulators […]
SAC Affiliate Settles SEC Insider Trading Charges
New York (HedgeCo.Net) – Ronald Dennis, who worked at Steven A. Cohen’s SAC affiliated CR Intrinsic Investors has settled with the SEC on insider trading charges, Reuters reports. Ronald Dennis agreed to be barred from the securities industry and pay more than $200,000 […]
Hedge Fund Sues Major Banks Over Market Manipulation
ValueWalk – Managed futures hedge funds typically cannot find success in markets that are manipulated. AIS Capital Management, a Wilton, CT-based hedge fund known to utilize algorithmic trend following is doing something about it. The hedge fund, which has a […]
Ex-Goldman Sachs Traders’ Asia Hedge Fund Said to Return 38%
Bloomberg – A Japan-focused multistrategy hedge fund run by three former Goldman Sachs Group Inc. managing directors returned 38 percent in its first two months, according to two people with knowledge of the matter. The Golvis Asia Opportunities Fund, which […]
Apple Wins With Hedge Funds While Google Is Top Choice For Mutual Funds
Forbes – If you want your portfolio to amass returns resembling those of the country’s top mutual fund or hedge fund managers, there are two ways to attempt to replicate their earnings without actually investing in their funds: you could […]
Trader kills self in finance world’s latest suicide
A Manhattan trader was killed Tuesday morning by a speeding Long Island Rail Road commuter train, marking at least the seventh suicide of a financial professional this year. Edmund (Eddie) Reilly, 47, a trader at Midtown’s Vertical Group, jumped in […]
Hedge fund directors lack credibility, says survey
Risk.Net – Hedge fund directors have come in for criticism from investors and operational due diligence officials for a lack of scrutiny of the funds they represent. Many say directorships should be capped at 15. Hedge fund directors continue to […]
Hedge funds’ secret to making money
Yahoo – Between February 2013 and January 2014, the market benchmark S&P 500 index gained 21.5% but hedge funds gained a measly 8.2% for investors during that time period. That’s according to a survey by TrimTabs Investment Research and BarclayHedge […]
Hedge funds look to put strategies into ETFs to lure more investors
Reuters – More client-hungry hedge fund managers are looking to put their investment strategies to work in exchange-traded funds, a move that could exponentially expand their pool of investors but requires them to slash investment management fees. That is a […]