Monthly Archives: April 2012
HedgeCo Networks Names Former UBS Managing Director Brett Langbert as President and COO
New York (HedgeCo.net) – HedgeCo Networks (HedgeCo), the pioneering hedge fund database and advisory firm, today named Brett Langbert President and Chief Operating Officer. Langbert, who spent 17 years on Wall Street covering hedge funds across a multitude of sectors […]
Hedge Fund Marketing Ban Erased With Stroke Of Obama’s Pen
An 80-year-old rule that has prevented the hedge fund industry from advertising to the public became history on Thursday, when President Barack Obama signed a wide-ranging jobs-creation bill that also abolished the longstanding ban. The JOBS Act seeks to do […]
Hedge funds cut positions as Fed signals less stimulus
(Bloomberg) — Hedge funds reduced bullish positions on commodities for a second consecutive week as the Federal Reserve signaled it may refrain from more monetary stimulus, increasing concern that growth will slow and curb demand for raw materials. Money managers […]
Hedge funds keep a lid on leverage
Financial Times – Since 2010s introduction of the so-called Volcker rule, Wall Street’s banks have moved fast to drop some of the most prominent vestiges of their past success: their proprietary trading operations. Banks once dominated bond and equity markets […]
Long/short equity, multi-strategy hedge funds enjoy their best quarter since Q3 2009
New York (HedgeCo.net) – After experiencing the best start to a year since 2000, hedge funds paused for a breather during March, delivering a marginally negative performance. With the exception of the US, most markets across the globe registered declines […]
Ex-Trader McCrudden Gets 28 Months in Prison for Threats
Bloomberg – Vincent P. McCrudden, a former New York commodities trader, was sentenced to two years and four months in prison for threatening to kill federal financial regulators. McCrudden, 51, who pleaded guilty last year, was sentenced today by U.S. District Judge […]
The Dow Jones Credit Suisse Core Hedge Fund Index Closed Down 0.82% in March
The Dow Jones Credit Suisse Core Hedge Fund Index closed down 0.82% in March as most of the index component strategies reported negative results for March. The Dow Jones Credit Suisse Core Hedge Fund Index provides daily published index values […]
Hedge Fund Launch: SG Alpha Launches Ukraine-dedicated Fund
New York (HedgeCo.net) – Steffen Gruschka’s Emerging Europe investment boutique has launched the Ukraine-dedicated L/S equity fund with seed capital from European Institutional Investors. The Euro 2012 gives Ukraine an immense opportunity to boost its international profile and raise investors’ […]
Which Hedge Funds Topped Markets’ First Quarter Performance?
CNBC – A handful of prominent hedge fund managers reported strong first quarter results after the industry recorded dismal returns in 2011, but only a few managed to top the performance of the rallying U.S. stock markets. Daniel Loeb’s Third […]
Hedge fund optimism going into the second quarter needs reality check
Hedge Funds Review – European Commission meddling with the AIFM directive could be bad news for Europe’s managers and investors while the US Jobs Act opens a window to freer hedge fund marketing. Entering the second quarter, hedge funds could be […]
Pressure on black box hedge funds after missing first-quarter rally
Reuters – Some of Europe’s biggest computer-driven hedge funds have failed to profit from the stock market’s rebound in 2012, once again frustrating investors in a sector that has sucked in tens of billions of dollars in assets in the […]
Sovereign wealth funds could drive hedge fund asset growth
Hedge Funds Review – Sovereign wealth funds could increase hedge fund asset growth significantly. As SWFs become more familiar with alternatives, many are moving from FoHFs to direct investment in single-manager funds. Hedge funds stand to gain from increased interest from […]