Monthly Archives: April 2014
Massachusets Retirement Board Accuses Fletcher Hedge Funds Of $50 Million Fraud
New York (HedgeCo.Net) – The Massachusetts Bay Transportation Authority (MBTA) Retirement Fund is suing New York hedge fund manager Alphonse Fletcher Jr., the Boston Globe reports. MBTA lost $25 million when Fletcher International Ltd, the master fund for the Fletcher group of hedge […]
Top Canadian economist defends country’s housing market as U.S. hedge funds whip up fears of major correction
Financial Post – Benjamin Tal never imagined himself the defender of the Canadian housing market, but the deputy chief economist at CIBC is doing exactly that as he squares off against a U.S. commentator calling out what he sees as […]
Nader Seeks Fannie Mae Value in Push Aiding Hedge Funds
Bloomberg – Consumer activist Ralph Nader and a free-market group whose funders include billionaires Charles and David Koch are part of a growing crowd urging the Senate to preserve value for investors in Fannie Mae and Freddie Mac. “As the […]
Hedge Fund Twins Stage Campaign Against Energy Regulator
Bloomberg – Norman Bay, the top sheriff of U.S. energy markets, has taken on giants, imposing more than $881 million in combined fines on Barclays Plc, JPMorgan (JPM) Chase & Co. and Deutsche Bank AG over alleged price manipulation. Now, […]
Big Hedge Funds Roll Dice on Puerto Rico Debt
WSJ – Several large hedge funds doubled down on Puerto Rico in last month’s giant bond sale despite the U.S. territory’s financial struggles, according to confidential documents reviewed by The Wall Street Journal. Och-Ziff Capital Management LLC, Fir Tree Partners, Perry […]
The 31-Year-Old Hedge Fund Star Who Was Paid $119 Million
Forbes – James Levin first got to know billionaire hedge fund manager Daniel Och when he taught Och’s son to water ski at camp a number of years ago. At 31, Levin these days is a prized employee at Och’s Och-Ziff Capital Management hedge […]
Indicted Larkspur hedge fund manager returned to jail, hid computer in ceiling of lawyer s office
Marin Independent Journal – An indicted Larkspur hedge fund manager was returned to jail after authorities discovered he was continuing to execute trades using a tablet computer that he had hidden in the ceiling of his attorney’s office in San […]
This Is How Much The Average Person Can Make Working For A Hedge Fund
Business Insider – Last August SumZero, a social research site for investment professionals, launched a new feature dedicated to compensation trends within our buyside-only investment community. We (SumZero) have since collected thousands of salary reports sourced directly from analysts, associates, […]
Tech Hedge Fund To Return $2 Billion
New York (HedgeCo.Net) – Philippe Laffont, the founder of a $7 billion tech focused hedge fund has announced that he plans to return over $2 billion to investors in his flagship fund which was down 9% in March. Laffont’s hedge fund was seeded […]
Capstone’s Britton Foresees a $10 Billion Volatility Fund
Bloomberg – Capstone Investment Advisors LLC’s Paul Britton, whose volatility hedge-fund firm oversees $2.5 billion, predicts that within five years his small sector of the industry will produce a pool whose size rivals some of the biggest managers today. Britton […]
California hedge fund moving to Miami
World City Web – Universa Investments plans to set up in Miami’s Coconut Grove area, investing $800,000 in its office and increasing its staff from 14 to 25 people within three years, Florida Governor Rick Scott announced. Universa, founded in […]
Dark markets may be more harmful than high-frequency trading
Reuters – Fears that high-speed traders have been rigging the U.S. stock market went mainstream last week thanks to allegations in a book by financial author Michael Lewis, but there may be a more serious threat to investors: the increasing amount of […]