Monthly Archives: May 2013
Hedge Fund Baskets Are Full of Apple
Wall St. Cheat Sheet – Is Apple (NASDAQ:AAPL) the must-have stock for hedge funds in 2013? Just like most people think of an apple when asked to think of a fruit, it turns out that most hedge fund managers think […]
Hedge Funds Aren’t Crazy About MetroPCS Communications Inc (PCS) Anymore
MetroPCS Communications Inc (NYSE:PCS) investors should be aware of a decrease in hedge fund interest in recent months. In today’s marketplace, there are plenty of gauges market participants can use to track the equity markets. A duo of the best […]
Hedge Fund Administration firm Northern Trust wins Custody Risk Magazine Award
New York (HedgeCo.Net) – For the second consecutive year, Northern Trust has been recognized for both transition management and hedge fund administration by Custody Risk magazine, which recognizes outstanding achievement in the securities services industry with its Americas Awards 2013. “These […]
More Evidence Hedge Funds Are an Expensive Way to Trail the S&P 500
Bloomberg Businessweek – For those who take delight in the so-called “smart money” underperforming the “dumb money,” here are some enjoyable new data points that show hedge funds continue to be an overpriced, middling asset class. Goldman Sachs’s (GS) quarterly […]
Rajat Gupta Challenges Hedge Fund Insider Trading Conviction, Chiesi Released
New York (HedgeCo.Net) – Ex-Goldman executive Rajat Gupta’s lawyers have requested a re-trial regarding his conviction in last year’s billion dollar hedge fund scandal. “Defense lawyer Seth Waxman told the 2nd U.S. Circuit Court of Appeals in New York that […]
Investment bank North Street Group acquires fund administrator Hedge Fund Solutions
Opalesque – North Street Group, a capital markets and investment banking firm, today announced the acquisition of Hedge Fund Solutions, LLC, a New York based Alternative Asset Service Provider. Additionally, North Street Group announced the name change and rebranding of […]
May 2013: Hedge funds gained $100 billion in four months, highest level since 2008
Hedge funds posted positive returns in April continuing their consecutive sixth month streak. The Eurekahedge Hedge Fund Index was up 0.87% during the month as most markets trended upwards. The MSCI World Index gained 2.02% in April. Highlights from this […]
Beyond 60/40: The evolving role of hedge funds in institutional investor portfolios
The AIMA Investor Steering Committee (ISC), a committee of institutional investors that undertakes educational initiatives and provides practical guidance within AIMA, the global hedge fund industry association, has published a new paper on the evolving role of hedge funds in […]
RI paid millions to hedge-fund managers
SFGate – Rhode Island paid hedge-fund managers almost $16 million in fees during 2012 to manage the state’s $1 billion hedge-fund portfolio. The figures were released Wednesday by General Treasurer Gina Raimondo in response to requests from the media for information about the […]
Sony CEO says board mulling hedge fund boss Loeb’s proposal to spin off entertainment business
Washington Post – Sony’s CEO Kazuo Hirai says the electronics giant’s board will discuss a proposal by U.S. hedge fund manager Daniel Loeb to spin off up to 20 percent of its movie, TV and music division. Hirai was asked […]
Hedge Fund Pioneer is the Recipient of 2013 Sustainability Achievement Award
Glen Dailey, Managing Director and Head of Prime Brokerage of Jefferies LLC and a hedge fund industry pioneer, has been named as the recipient of the 2013 Sustainability Achievement Award by Solar One, the leading think tank for environmental education […]