Monthly Archives: May 2015
Obama targets hedge funds in personal remarks on poverty, race
Reuters – President Barack Obama addressed U.S. struggles with class and race in personal terms on Tuesday and renewed his call to close tax loopholes enjoyed by wealthy hedge fund managers as a way to reduce poverty among Americans. “The […]
Hedge fund net inflows rise at fastest pace for 12 months
Reuters – Investors raised their bets on hedge funds at the fastest pace in a year in May, data showed on Tuesday. The SS&C GlobeOp Capital Movement Index, which calculates monthly hedge fund subscriptions minus redemptions, rose 0.92 percent in […]
Hedge fund launches first ETF for Canadian heavy crude oil
Reuters – The first exchange-traded fund tracking the price of Canadian heavy crude launched on Tuesday, enabling investors to gain exposure to the country’s physical crude market and potentially boosting liquidity. The Canadian Crude Oil Index ETF, issued by Calgary-based […]
Obama Attacks Carried Interest Again to Shrugs in Congress
Bloomberg – One of the Democratic Party’s favorite applause lines is getting another turn in the spotlight: hit hedge-fund millionaires with the same taxes as the working class. It still works on the stump even though it has fallen short […]
China IPO Market Heating Up
New York (HedgeCo.NET) Late last Friday, securities regulators in China approved the IPOs for 20 companies and those IPOs will debut next week. The filings for the companies show that they only intend to raise around 200 million Yuan, but […]
A Number Of Streaks In Oil Trading And Production
New York (HedgeCo.Net) – The oil market has been on a wild ride over the past year. After prices for West Texas Intermediate Crude peaked at $107.68 last June, the price per barrel fell to as low as $42.41 in […]
Paul Singer’s Billion Dollar Hedge Fund Is Going to War Over $58,000
Bloomberg – When it comes to hedge-fund manager Paul Singer’s defaulted-debt claims against Argentina, the billionaire has the law on his side. Actually getting paid, however, is a different matter. Read Complete Article
Argentine Bonds Fall After Hedge Fund Asks to Block Payment
Bloomberg – Argentine bonds issued under local law, which have continued to get paid after the country’s July default, declined after hedge fund Aurelius Capital Management said it’s seeking to block the payments. The nation’s 2024 bonds reversed earlier gains […]
Manny Roman Reports FUM up 7% to $78.1 Billion At Hedge Fund Man
New York (HedgeC0.Net) -Manny Roman, Chief Executive Officer of hedge fund giant Man Group, reported a a good start to the year from a performance perspective which, together with the latest acquisitions, contributed to an overall 7% increase in FUM over […]
Ex-Goldman trader Lim’s hedge fund assets hit $500 million – sources
Reuters – Guard Capital, a macro hedge fund led by two former top traders at Goldman Sachs and Noble Group will stop taking money from new investors from July 1 after a more than ten-fold increase in assets since its […]
David Einhorn’s Bearish Case Against Shale Oil Companies
New York (HedgeCo.NET) At last week’s Sohn Investment Conference, Greenlight Capital’s David Einhorn made headlines when he expressed a very bearish opinion toward fracking or shale oil companies. Einhorn argued that the costs of capturing the oil far exceed the […]
Obama Administration Warns Hedge Fund Industry
New York (HedgeCo.NET) Most of the time when you hear that the Obama administration has warned the hedge fund industry about a topic, you automatically think it is in regards to legislation about practices. That wasn’t the case at last […]