Monthly Archives: April 2014
Hedge Funds Buy Crude as U.S. Gasoline Pump Prices Jump: Energy
Bloomberg – Fewer than three weeks into spring, oil speculators are already thinking about the summer. Hedge funds and other money managers boosted bullish wagers the most since February, betting that refineries will need to buy more crude to accelerate […]
Head of emerging market strategy at BNP Paribas to join hedge fund
FN – Bartosz Pawlowski, who joined BNP Paribas in 2009, is set to join emerging market-focused hedge fund Finisterre Capital as a portfolio manager in early May, according to two people familiar with the matter. Founded in 2002 and with around $1.7 billion under […]
Hedge Fund Seeks Assets in Nevada in Battle Over Argentine Debt
WSJ – Argentina’s dispute with creditors took a twist as a U.S. hedge fund in search of defaulted debt is seeking to seize assets allegedly owned by a close associate of Argentine President Cristina Kirchner and her late husband and […]
French regulator considers fining Elliott arm $55 million: reports
Reuters – France’s AMF stock market regulator is considering whether to fine the UK arm of U.S. hedge fund Elliott Management €40 million ($55 million) over allegations of insider trading and market manipulation relating to French motorway operator APRR, newspapers […]
Leveraged bets on rally by hedge funds will magnify sell-offs
Financial Post – Hedge funds are borrowing record amounts of money to fund bets that stock markets will continue rising, creating conditions that could accelerate price falls if those leveraged positions are hurriedly closed. Although global equities look set to […]
CrowdAlliance Launches New Equity Technology Platform To Connect Companies and Accredited Investors
New York (HedgeCo.Net) – CrowdAlliance, part of the Asset Alliance group of companies, designed and developed a state-of-the-art technology platform for issuers and accredited investors to meet in a unique online interactive marketplace. The CrowdAlliance platform will enable accredited investors […]
TD Bank CEO wants U.S. to curb high frequency trading
Reuters – Toronto-Dominion Bank Chief Executive Ed Clark said on Thursday [April 3] he believes high frequency trading (HFT) gives an unfair advantage to some market participants and wants curbs by U.S. regulators. HFT, in which sophisticated computer programs are […]
Texas tycoons hid $550 million in profits offshore, U.S. tells jury
Reuters – Texas tycoons Sam and Charles Wyly employed a labyrinthine system of offshore trusts to conceal stock trades in four companies on whose boards they sat, netting themselves more than $550 million in undisclosed profits, a U.S. government lawyer […]
Hedge Fund Merger: Investcorp and Eyck Capital Management
New York (HedgeCo.Net) – Investcorp’s US based hedge fund business is teaming up with UK manager Eyck Capital Management LLP to offer its investors’ access to a specialized event-driven and distressed credit strategy spanning the European opportunity set. The London-based investment […]
Billionaire Robert Citrone’s Hedge Funds Hammered In March
Forbes – Robert Citrone, the billionaire hedge fund manager who is known as an emerging markets specialist, had been on a pretty good run in recent years, scoring nice returns and increasing his assets under management to $15 billion. But […]
Hong Kong Jockey Club Starts Direct Hedge Fund Allocations
Bloomberg – Hong Kong Jockey Club began making direct allocations to hedge funds, said Jacob Tsang, director of group treasury at the city’s only horse-racing operator, which has invested more than $1 billion in alternative assets. It made its first […]
New York Hedge Funds Win Job Cuts In Silicon Valley
Forbes – The technology companies of Silicon Valley tend to be pretty generous with their employees, offering nice pay packages and perks. And if you wanted a plush job in Silicon Valley in recent years, Juniper Networks was a good […]