Monthly Archives: April 2013
New Fee on Bankruptcy Trades Will Boost Courts’ Revenue
Dow Jones – A new fee tied to trades of bankruptcy claims will bring in thousands, potentially millions, of dollars in revenue for the nation’s bankruptcy courts when it takes effect next month. Starting May 1, those who trade claims […]
Hedge funds that shorted banks ‘in talks to back £1bn RBS bid’
The Telegraph – Two hedge funds that made millions of pounds shorting UK bank shares during the financial crisis are in talks to back a £1bn bid for more than 300 RBS branches, according to reports. GLG, part of Man […]
Survey Reveals More than One-Third of Hedge Fund Professionals Feel Pressured to Break the Rules
New York (HedgeCo.Net) – An independent survey of hedge fund professionals commissioned by law firm Labaton Sucharow LLP, HedgeWorld and the Hedge Fund Association, revealed that nearly half (46%) believe that their competitors engage in illegal activity, more than one […]
The Henry Curse: A New Sports Jinx Hits Hedge Fund Team Owners
Forbes – In 2002 John Henry, one of America’s most successful hedge fund managers, bought the principal stake in the the Boston Red Sox. Two years later the baseball team broke the “Curse of the Bambino,” winning the World Series […]
Alaska Permanent Fund Corp.’s $500 million hedge fund incubator program went live with the hire of its first hedge fund portfolio manager.
Pensions & Investments – The board of the $45.3 billion Juneau-based sovereign wealth fund last year decided to split off $500 million of a $1.1 billion hedge fund mandate managed by Mariner Investment Group into a separate account that would […]
UBS Australia Head of Hedge Fund Sales Moves to New York
Deal Journal Australia – UBS AG’s Australian head of hedge fund sales Thomas Anglin has relocated to New York as part of the creation of a new global sales desk, according to an internal memo obtained by Deal Journal Australia. […]
Philanthropic Hedge Funds Will Help Fortune 100 Companies Cover Their Legal Costs
DealBreaker – A new generation of investors is plunging into “litigation finance,” putting up millions of dollars to fund lawsuits in hopes of collecting when verdicts come down. Established financiers are expanding into new areas, including loans to law firms, […]
SG Capital Management Expands Team New Senior Managing Director Ethan Steinberg
New York (HedgeCo.Net) – SG Capital Management, LLC, an SEC registered investment adviser headquartered in Chicago, is pleased to announce the appointment of Ethan Steinberg as Senior Managing Director effective April 5, 2013. Ethan will share responsibility for idea generation […]
Hedge Funds Cut Bets Most Since ’08 as Prices Slump: Commodities
Bloomberg – Hedge funds reduced bets on a commodity rally by the most since 2008 as rising supplies of everything from copper to sugar and slowing U.S. growth drove prices to the biggest slump in six months. Speculators cut net-long […]
Corn users stocked up at hedge funds fled
Agrimoney – Hedge funds cut their bullish positioning on corn futures by the second largest amount on record, after the US stunned markets by showing its stocks of the grain larger than expected. The Commodity Futures Trading Commission, the market […]
Hedge-Fund Star Gets a Hip Check
Wall Street Journal – Jeffrey Vinik’s Tampa Bay Lightning are struggling, but the performance of his National Hockey League team isn’t the only worry for the veteran stock-picker. Investors have asked to pull around $1.5 billion from his hedge-fund firm […]
Mariner Hires BlackRock’s Pellicciaro for New Hedge Fund
Bloomberg – Mariner Investment Group LLC, the $10 billion hedge-fund firm founded by William Michaelcheck, hired Eric Pellicciaro from BlackRock Inc. (BLK) to manage a global macro portfolio of a new multistrategy hedge fund. Mariner plans to hire several managers […]