Monthly Archives: April 2014
Hedge Fund Law: SEC Names David Gottesman as Deputy Chief Litigation Counsel
New York (HedgeCo.Net) – A member of the team that obtained admissions of liability as part of an $18 million settlement with hedge fund adviser Philip Falcone and his advisory firm Harbinger Capital Partners has been appointed as deputy chief […]
Influence of banks, hedge funds on commodities lowest since 2008
Reuters – United Nations economists who previously called for government intervention to tame volatile swings in commodity prices say banks and hedge funds have since reduced their influence to the lowest level since 2008. In a 2012 report for the […]
Indian hedge funds outperform peers in Q1
The Hindu Business Lone – Indian hedge funds outperformed many of their global peers during the January-March quarter of 2014, rising 5.4 per cent. According to the latest data from independent financial data and research firm Eurekahedge, hedge funds focused […]
SA hedge fund regulations published
Johannesburg – Draft regulations and a related explanatory memorandum for hedge funds were published for public comment on Thursday, the Financial Services Board (FSB) and Treasury said. “The intention is to still finalise the regulations by the second quarter of […]
Hedge funds pose biggest risks in crises: Fed study
Reuters – Hedge funds, not banks, may be the most important transmitters of shocks during financial crises, according a study published Monday by the Federal Reserve Bank of San Francisco. The finding suggests that hedge funds may be a bigger […]
SAN Fransisco 49ers Team Up With Hedge Funds To Stop Child Abuse
New York (HedgeCo.Net) – NFL team players, alumni, coaches, executives and cheerleaders are getting together to make the 13th Annual Hedge Funds Care “Open Your Heart to the Children” Benefit in San Francisco a magical day. The San Francisco 49ers Owner/Chair […]
Eurekahedge Hedge Fund Index Outperforms S&P 500 in Q1
New York (HedgeCo.Net) – The Eurekahedge North America Hedge Fund Index was up 2.25% in the first quarter of 2014, outperforming the S&P 500 index which gained 1.30% over the same period. Hedge funds are up 0.87% in Q1 2014, […]
Hedge Fund Launch: Classic Auto Funds to Capitalize on Collector Car Investments
New York (HedgeCo.Net) – Classic Auto Funds Limited (CAF) is launching several investment partnerships using collectable classic cars as the hard asset. “Many investors are recognizing the rising returns in specific classic cars as a low-risk asset,” said Robert Minnick, […]
Hennessee Index: Hedge Funds Down -0.48% In March 2014
New York (HedgeCo.Net) – The Hennessee Hedge Fund Index lost -0.48% in March (+1.50% YTD), whilethe S&P 500 gained +0.69% (+1.30% YTD), the Dow Jones Industrial Average rose +0.83% (-0.72% YTD), and the NASDAQ Composite Index declined -2.53% (+0.54% YTD). […]
UBS’s Rajeev Misra Said to Plan Move to Fortress Hedge Fund
Bloomberg – Rajeev Misra, UBS AG’s former co- head of fixed-income, is preparing to leave the Swiss bank for Fortress Investment Group LLC, two people with knowledge of the matter said. Misra, who has served as a senior adviser to […]
Hedge fund Balestra to lose two of three key execs
HITC – Balestra Capital, the hedge fund firm founded by James Melcher in 1979, is set to lose two senior leaders. Norman Cerk and Matthew Luckett have decided to resign from the firm on June 30, according to an investor […]
RBC to Close Proprietary-Trading Desk
WSJ – The Royal Bank of Canada is planning to close one of the last proprietary-trading desks on Wall Street, another win for regulators that have pushed banks to cut back on making big bets with their own money. RBC, […]