Monthly Archives: March 2014
Activist Strategies Lead Hedge Fund Performance in 2014
New York (HedgeCo.Net) – Hedge funds posted their highest return in February since January 2012, supported by rising equity and commodity markets. Hedge funds are outpacing the S&P by nearly 100 basis points in 2014, according to the February 2014 February […]
U.S. backs Argentina in bank subpoena case over holdout creditors
HedgeWorld – The U.S. government has backed Argentina in one of its cases against sovereign bond investors who declined to participate in restructurings following the country’s 2002 default, according to a brief that was filed this week. The U.S. Supreme […]
John Paulson’s Hedge Funds Said to Rally in February
Bloomberg – Billionaire hedge-fund manager John Paulson posted gains in his firm’s main strategies in February as bets on gold, mergers and credit paid off. Paulson & Co.’s event-driven Advantage Plus fund jumped 9.8 percent during the month and is up 13 […]
Hedge funds buy war insurance on Russia-Ukraine conflict
CNBC – Investment firms have sharply increased the protection they buy against macroeconomic shocks, so called “tail risk” hedging for a potential armed conflict in Eastern Europe. “There’s been an uptick in hedging activity—we’ve definitely seen funds add to tail […]
Star witness against ex-Madoff aides a liar, lawyer tells jury
Reuters – The government’s star witness in the criminal trial of five former Bernard Madoffemployees is a lifelong liar whose “mind-boggling” history of falsehoods robs him of any credibility, a lawyer for one defendant told a federal jury on Thursday [March […]
U.S. Treasuries: Banks Turn bullish As Hedge Funds, Real Money Sell
ValueWalk – With the non-farm payroll report coming out on Friday, the market appears to be preparing for bear steepening (rising long-term rates) by increasing the net short position on short term U.S. Treasuries and increasing the net short on 10 year […]
SEC Halts Facebook and Twitter Pyramid Scheme
New York (HedgeCo.Net) – The SEC has announced an emergency enforcement action to stop a fraudulent pyramid scheme by phony companies masquerading as a legitimate international investment firm. The SEC has obtained a federal court order to freeze accounts holding […]
CBOE toughens trader rules, following SEC fine last year
HedgeWorld – CBOE Holdings Inc., which was fined $6 million last year for failing to properly police its own marketplace, will implement tighter rules for traders to help prevent fraud, according to a regulatory filing on Wednesday [March 5]. The […]
Hedge Fund Short Selling: Long Island Firm To Pay Record $7.2 Million Sanction
New York (HedgeCo.Net) – The largest-ever monetary sanction for Rule 105 short selling violations has been doled out by the SEC to a Long Island-based proprietary trading firm. Its owner agreed to pay $7.2 million to settle charges. According to […]
Faith, hope and hedge funds for CoE
City AM – The Church of England is ramping up the exposure of its £6bn endowment to alternative investments such as hedge funds and private equity in a move that will cement its position as one of the UK’s largest […]
Aviva Hit With $221 Million Cost From Improper Hedge Fund Trades
Bloomberg – Aviva Plc took a 132 million pound ($221 million) charge after saying two former employees breached its trading policy since 2006 to the benefit of external hedge funds. The insurer, which today reported full-year results, said it found […]
Winter turns around energy fund of ex-Goldman trader Goldberg
Reuters – Former Goldman Sachs energy trader Jonathan Goldberg’s hedge fund is up 7 percent on the year after the winter rally in U.S. oil and gas helped it recover from losses in the first four months after its launch […]