Monthly Archives: May 2014
Hedge fund titans are testing the quality of US democracy
FT – John Paulson made his fortune by taking a massive short position against the US housing bubble. Today the hedge fund billionaire is betting that the US political system will fail. This time he has company. Other billionaires have […]
CalPERS chopping hedge fund allocation
CalPERS portfolio managers have begun cutting the system’s $5.3 billion hedge fund allocation in half, signaling a shift away from the asset class for the nation’s largest defined benefit plan, say multiple sources familiar with the pension plan’s operations. The […]
Oxford University wins best allocator to hedge funds
FN – Of the UK’s two oldest universities, it was Cambridge that set the trend towards a more sophisticated approach to managing its endowment – it hired Nick Cavalla from Man Group as its first chief investment officer in 2007, […]
Dymon gets $500 mln from Temasek to seed hedge funds
Reuters – Singapore-based asset manager Dymon Asia Capital has received commitment worth $500 million from Temasek Holdings to jointly invest in hedge funds, Dymon said in a statement on Monday. The first investment from the venture will be in Port […]
The Hedge Fund That Ate Chicago
HuffPo – There’s a battle royale raging in Chicago. It pits hedge funds, the Chicago financial exchanges, real estate interests and Mayor Rahm Emanuel on the one side, against public employee unions and community groups on the other. At issue […]
Man Group FUM At $55 Billion In Q1, Hedge Fund Inflows
New York (HedgeCo.Net) – Hedge fund investor Man Group reported funds under management (FUM) at 31 March 2014 standing at $55.0 billion (31 December 2013: $54.1 billion). The hedge fund giant also reported inflows in the quarter of $2.0 billion, comprising […]
SkyBridge Alternatives (SALT) Conference May 13-16 In Vegas
New York (HedgeCo.Net) – Approximately 1,800 industry hedge fund leaders are meeting up to discuss macro-economic trends, geo-political events and alternative investment opportunities for the year ahead. The 2014 SALT Conference is taking place May 13-16, at the Bellagio Resort & Casino in Las Vegas. […]
Not a Single Woman Among Top 50 Hedge Fund Managers
Vanity Fair – A new ranking of the Top 50 hedge fund managers of 2013 features exactly zero women, but it does feature 25 men who raked in $21.15 billion in compensation. That’s a 50 percent increase over 2012, and […]
Carl Icahn’s son, partner, to launch hedge fund management firm
Reuters – Carl Icahn’s son, Brett Icahn, and David Schechter are launching a hedge fund management company that will take money from outside investors, according to The Wall Street Journal, which cited people familiar with the plan. The younger Icahn […]
Age over size affects relative hedge fund performance
Risk.Net – Age appears to play a greater factor in relative performance than size. Young funds posted the highest cumulative returns since 2003 and during the past five years have also outperformed middle-aged and tenured funds. Young funds may outperform […]
City Financial launches new Asian macro hedge fund
Reuters – UK independent fund manager City Financial said on Thursday it had launched a new Asian hedge fund, the Counterpoint Asian Macro Fund, with more than $120 million in assets. City said in a statement that the fund launch […]
‘Event-driven’ hedge funds leap into lead after rush to invest
FT – When a hedge fund manager makes a paper profit of $1bn in a single day, it attracts attention. Bill Ackman’s 9.7 per cent stake in Allergan, the maker of Botox injections, rose by that much last month when he revealed […]