Monthly Archives: May 2014
Arden tapped to help Massachusetts invest in hedge funds
Reuters – Massachusetts’ pension fund has selected Arden Asset Management as its hedge fund investment adviser from a handful of applicants for the job of picking fund managers, tracking performance and providing due diligence, the company said on Tuesday. The […]
These names are retail winners, hedge fund manager says
CNBC – The retail sector was slammed on Tuesday after several retailers reported downbeat earnings. However, hedge fund manager David Berman said there are some winners to be found despite the sector being in “secular decline.” That’s because although traditional […]
Hedge Fund Magnetar Sues McKesson Over Celesio Deal
WSJ – Hedge fund Magnetar Financial LLC on Wednesday filed a lawsuit against McKesson Corp. alleging that the U.S. drug retailer breached German law in its takeover of German rival Celesio AG CLS1.XE +1.08% earlier this year, according to documents […]
Eric Holder: Credit Suisse Pleads Guilty in Felony Tax Case
New York (Hedgeco.Net) – Attorney General Eric Holder yesterday announced that the Department of Justice filed a criminal information against one of the largest wealth managers in the world. Credit Suisse AG, “has agreed to plead guilty to criminal charges […]
Hedge Funds Total Assets At $2.09 Trillion
New York (HedgeCo.Net) – In the May issue, The Eurekahedge Report found that hedge funds were up 0.78% year-to-date, with total assets of the global hedge fund industry at a new high of $2.09 trillion, with net asset inflows for […]
Dallas-Based Hedge Fund Buys Co-op Bank Stake
Sky News – A Dallas-based hedge fund boss who made millions of dollars from the 2007 US housing crash has snapped up a stake in the struggling Co-operative Bank. Sky News has learnt that Hayman Capital Management is one of […]
What geopolitical risk? Hedge funds bet on Russia
CNN – Apparently not hedge funds, who doubled down on Russian stocks in the first quarter of the year despite increasing turmoil in Ukraine over that period. Citadel Advisors and Renaissance Technologies, among other funds, bought U.S.-listed shares of VimpelCom […]
Here’s One Hedge Fund’s Plan To Save The Company That Runs The World Poker Tour
Seattle PI – In the wake of a failed merger, declining revenues, and a general routing by its peers, the company that runs The World Poker Tour — U.K.-based gaming company Bwin.Party — has seen its stock decline 20%. In […]
Scott Brown To Hedge Fund Execs: ‘You Have A Role To Play’ In Senate Race
Huffington Post – Former Sen. Scott Brown (R-Mass.), who is running to return to the Senate from the Granite State, urged hedge fund executives at a Las Vegas conference on Friday to get involved in his bid to unseat Sen. […]
Mom and Pop Bet Against Hedge Funds on Junk-Rated Loans
Bloomberg – For now, the Wall Street crowd is winning: Hedge funds and other institutions using leverage to boost returns have overwhelmed the impact of five consecutive weeks of withdrawals from mutual-fund investors. They’ve helped propel leveraged loans to a […]
Michael Steinberg Gets 3 1/2 Years For Hedge Fund Insider Trading
New York (HedgeCo.Net) – A portfolio manager at Steven A. Cohen’s hedge fund, SAC Capital Advisors, has been sentenced to three and a half years in prison for his alleged involvement in an insider trading scheme, TIME magazine reports. “Michael […]
Google reportedly acquiring live games video site Twitch for $1bn
Guardian – Google is reported to be in talks to acquire video game streaming service Twitch for $1bn. The deal, reported by Variety, would be the biggest for YouTube since its purchase by Google in 2006 for $1.65bn. Twitch reportedly […]