Monthly Archives: April 2013
Breaking into the hedge-fund world is harder than before
The Economist – If setting up a hedge fund were easy, more people would do it: bar inheritance or winning the lottery, there are few swifter paths to immense riches. Sadly for aspiring plutocrats, it is getting ever harder to […]
Meet Britain’s wealthiest hedge fund chiefs: male, rich and Tory donors
Guardian – A secretive Tory party donor who made a fortune betting on the collapse of the Greek economy has been named the UK’s wealthiest hedge fund manager. Alan Howard, founder of Brevan Howard, has seen his personal fortune grow […]
Rob Arnott: Most hedge funds disappoint
CNN – That’s how Robert Arnott, one of the nation’s most successful investment managers, sees it. That’s also the conclusion of a piece of research posted on his firm’s website this week. The research, which is titled “The Lure of […]
Barclays investment chief Rich Ricci stands down
Guardian – Rich Ricci, who led Barclays’ investment banking division during the Libor rate-rigging scandal, has “decided to retire”, the bank has said. Ricci, 49, who was right-hand man to disgraced former chief executive Bob Diamond, will walk away with […]
Hedge Fund Cerberus Capital puts together a consortium to purchase gun company Freedom Group
West Palm Beach (HedgeCo.Net) – Cerberus Capital made headlines last year when they announced that they would unload their ownership of Freedom Group Inc, the company that manufactured the Bushmaster rifle after it was used in the Sandy Hook shooting. […]
SEC hedge fund ad rule no closer to finalization
MarketWatch – A Securities and Exchange Commission proposal that would relax decades-old rules that have kept hedge funds, private equity funds and small businesses from advertising when seeking to raise capital doesn’t appear to be close to finalization. That’s the […]
Onshore hedge fund servicing in Switzerland
André Valente – The opportunity to leverage onshore administration services for hedge fund managers is gathering momentum in Switzerland. And UBS Fund Services in Switzerland plans to be at the forefront, according to André Valente (pictured) who heads up the […]
Hedge Funds Pressure SoftBank on $25.5B Dish Offer for Sprint
The Street – Following Dish Network’s $25.5 billion offer to buy Sprint (S) on Monday, large hedge fund investors await a response from SoftBank, which previously offered to buy the telecom. In a brief Wednesday phone conversation, Leon Cooperman, head […]
Eze Software Group’s RealTick EMS Issued U.S. Patent for Electronic Trading
Hedge fund tech provider Eze Software Group has issued a patent for its management system, the RealTick® EMS. The patent covers the proprietary technology and methodology for the staging of electronic orders into a neutral (aggregation) account for execution, providing […]
Top-earning hedge-fund chief takes home $2.2 billion in 2012
CNN – Last year was a tough one for hedge funds, but the 25 top-earning hedge fund managers still managed to pull in a combined $14.14 billion in 2012, according to an Institutional Investor magazine ranking. The 12th annual “rich […]
Big Get Bigger in Annual Manager Ranking
Hedge Fund Alert – The number of firms with at least $10 billion of gross fund assets reached 90 at year-end, up from 74 a year earlier, according to the latest update of Hedge Fund Alert’s Manager Database (see rankings […]
Lehman Brokerage to Pay Hedge Funds, Banks After 4 Years
Bloomberg – Defunct brokerage Lehman Brothers Inc. (LEHMQ) is set to pay more than $15 billion to hedge fund and bank customers after 4 1/2 years in liquidation. Brokerage trustee James Giddens, who previously faced payment demands by New York […]