Monthly Archives: May 2014
Parus Fund Monthly Activity Report for April 2014
The Parus Fund is a global long/short Equity Fund investing primarily in North American and European equities. The Fund’s objective is to generate absolute returns by targeting on the long side growth stocks with a competitive advantage and on the […]
Jason Konior Sentenced For Cheating Hedge Fund Investors
New York (HedgeCo.Net) – A New York fund manager was sentenced yesterday to three years and ten months of prison time for stealing $2.9 million from hedge fund investors in a Ponzi scheme, Reuters reports. Jason Konior, the founder and […]
Hedge Fund Advisory Firm Accused Of Distributing Falsified Performance Results
New York (HedgeCo.Net) – A New York-based investment advisory firm and two executives have had fraud charges and an asset freeze filed against them by the SEC for distributing falsified performance results to investors in two hedge funds they managed. The […]
Blackstone Said to Plan Sale of $1 Billion in Home Bonds
Bloomberg – Blackstone Group LP (BX), the largest U.S. landlord of single-family homes, is working with Deutsche Bank AG to sell $1 billion of securities tied to its properties, about twice the size of previous offerings, according to a person […]
Alibaba’s IPO Filing: Everything You Need to Know
NYT – Alibaba Group Holding Ltd. lifted the curtain on its plans to go public. The Chinese online-shopping behemoth, founded in Jack Ma’s apartment 15 years ago, filed paperwork for its hotly anticipated initial public offering Tuesday, a step toward […]
Former Sandwich Mogul Would Prefer Not To Be Sued By Hedge Funds
DealBreaker – Rick Schaden founded Quiznos and then ran it into the ground, clearing the way for Avenue Capital Group and Fortress Investment Group to snap it up two years ago. So he thinks it’s pretty ungrateful for them to […]
UK hedge funds see assets jump, beat continental peers
Reuters – UK-based hedge funds saw their assets increase by $57 billion between January 2013 and April 2014, while fund managers in France, Spain and Germany posted a net decrease, data from Preqin research showed. Firms headquartered in the UK […]
French stockmarket regulator fines Elliott hedge funds over APRR
Reuters – French stock market regulator AMF said on Monday its sanctions committee has decided to fine U.S. hedge fund Elliott Management and its UK arm Elliott Advisors 8 million euros ($11 million) each over insider trading relating to French […]
GEMFonds Global Emerging Market Hedge Fund Launch
New York (HedgeCo.Net) – A team of seasoned investment veterans plan to launch a Global Emerging Market hedge fund for Gemfonds Plc by the end of the summer according to Chief Executive Daniel Broby. Bent Kristensen, former Chief Portfolio Manager at […]
Liquid alts cannibalize hedge funds at wirehouses
Investment News – Liquid alternatives are gobbling up market share of alternatives distributed through wirehouses and have surpassed traditional alts such as hedge funds as the preferred alternative asset class among advisers and investors. An increase in the share of […]
Hedge funds bet on Sainsbury’s share price fall amid price war pressure
This Is Money – A group of hedge funds have made massive bets on J Sainsbury’s share price falling because they believe the value could be hit by a supermarket price war. The retailer is set to publish its full-year […]
David Tepper ranks as best paid hedge fund manager, again
Reuters – Hedge fund mogul David Tepper had a case of deja vu when he ranked as the best paid hedge fund manager for the second year running by earning $3.5 billion in 2013 with a savvy bet on airline […]