Monthly Archives: May 2015
Credit Suisse Liquid Alternative Beta Index Down in April
New York (HedgeCo.Net) – The Credit Suisse Liquid Alternative Beta (CSLAB) was down 0.67% for the month of April. The index attempts to reflect the performance of the overall hedge fund industry. Among the different strategies tracked, the Merger Arbitrage […]
Two Different Hedge Funds Announce Stakes in YUM Brands
New York (HedgeCo.Net) Over the course of the last week, two different hedge fund/activist investors announced stakes in fast-food giant YUM Brands (NYSE: YUM). On Friday, it was announced that Third Point has bought in to YUM during the first […]
Suit says hedge fund purposely pushing American Apparel to bankruptcy
NYP – Dov Charney, the ousted chief executive of American Apparel, could be vindicated if the latest shareholder lawsuit against the company — the fourth in three weeks — has merit. The complaint alleges a shareholder and investor in the […]
Northern Trust Hedge Fund Services Announces Portfolio Analytics and Compliance (PAC) Service
New York (HedgeCo.Net) – To address the increasing demands for transparency and operational controls faced by alternative investment managers, Northern Trust Hedge Fund Services today announced the release of the Portfolio Analytics and Compliance (PAC) service, a comprehensive guideline testing […]
Morning Agenda: Britain’s Conservatives Get Hedge Funds’ Vote
NYT – The British elections are on Thursday, and members of one constituency, the financiers, have already made their preference extremely clear, Danny Hakim writes in DealBook. Britain’s Conservative-led government has been a staunch supporter of hedge funds and BANKS, […]
Buffett Sees Reinsurance Slump
Insurance Journal – Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc., said he expects a slump in reinsurance results in the coming decade as investors enter the MARKET. “It’s a business whose prospects have turned for the worse and […]
Artificial intelligence is the next big thing for hedge funds seeking an edge
Quartz – The glitzy skyscrapers of Hong Kong’s financial center stand in stark contrast to a dirty grey industrial building in the city’s run-down Kwun Tong district. Yet nine floors up, in an office bereft of any form of signage, […]
Hedge Fund Whistleblower Awarded $600,000
New York (HedgeCo.Net) – An employee who worked at a hedge fund adviser has received the maximum whistleblower award after reporting insider trading activity. NY hedge fund advisory firm Paradigm Capital Management and its owner Candace King Weir also agreed to pay $2.2 million […]
Liquid Alternatives Outperform Hedge Funds in 2014
New York (HedgeCo.Net) – In what seems to be a case of “beating them at their own game”, the average alternative mutual fund returned 4.36% in 2014 while the average hedge fund returned 3.78% over the course of last year according […]
Hedge Fund Cello Capital Adds Team From Weinstein’s Saba Capital
Bloomberg – Hedge fund Cello Capital Management hired a team of commercial mortgage bond TRADERS from Boaz Weinstein’s Saba Capital Management. The team is led by MONEY manager Toby Maitland Hudson and includes Scott Grabine and Kashif Akhtar, spokeswoman Elizabeth […]
Massive Stash Of Ammo Found In Hamptons Home
New York (HedgeCo.Net) -The authorities have found a stash of ammo at the childhood home of Thomas Gilbert Jr., who was indicted for killing his 70-year-old father, Gilbert Sr. “Police recently executed a search warrant in his bedroom in his […]
Baby Hedge Fund Managers Show Their Stuff
Bloomberg – In the summer of 1967, at the peak of the Monkees’ popularity, the thousands of fans filling stadiums for their live tour had the option of arriving early to catch an obscure opening act. It was a guitarist […]