Monthly Archives: May 2013
Hedge fund Golden Tree Asset Management Expands With Paladyne Data Management Warehouse
Paladyne Systems, Inc., a Broadridge Financial Solutions, company and leading provider of next generation investment management solutions, today announced that it has expanded its partnership with long-term client GoldenTree Asset Management, with the firm implementing new products as its data […]
CEO Eric F. Billings Launches Billings Capital Management
Billings Capital Management, the investment manager founded by Friedman Billings Ramsey (FBR) co-founder, former Chairman and CEO Eric F. Billings, today announced a strategic business development relationship with MCAM Group dedicated towards Europe and Asia. Lars Bjoergerd, Managing Director, MCAM […]
Hedge Funds File New Mega Lawsuit Against Porsche
WSJ – Luxury Italian sports car maker Porsche is facing a new lawsuit linked to its failed takeover bid for Germany’s Volkswagen. An additional 25 hedge funds, including David Einhorn’s Greenlight Capital, Viking Global Equities and Glenhill Capital, are suing Porsche in German […]
Gold Posts 6th Consecutive Loss, Hedge Funds Still Interested?
CheatSheet – On Thursday, gold futures for June delivery, the most active contract, declined $9.30 to close at $1,386.90 per ounce, while silver futures for July traded flat to finish at $22.66. Gold has now closed lower for six consecutive […]
Occupy hedge funds: when private investment funds and the public collide
Guardian – I’m sure you’ve all heard Groucho Marx’s famous explanation for why he resigned from a club that solicited his membership: “I don’t want to belong to any club that would have me as a member.” It’s looking likely […]
City Diary: Around the world in 360 parties, says hedge fund reveller
The Telegraph – Dust down the jewels – and the chequebooks. Hedge fund godfather Lord Stanley Fink and his business partner David Johnstone have filled the gap left by last month’s demise of the Ark hedge fund extravaganza. Lord Fink, a […]
Institutional Hedge Fund Study: Investments To Reach $2.3 Trillion by 2017
New York (HedgeCo.Net) – Pensions & Investments report that global institutional investment in hedge funds will increase 56% to $2.3 trillion by year-end 2017 from the end of 2012. A new report by Citi,’The Rise of Liquid Alternatives & the […]
India: Suicides Mount In Investment Ponzi Scheme
New York (HedgeCo.Net) – A director at a investment company based out of West Bengal, India has been killed and there have been 11 suicides among the victims of the scam reported so far, including a 16 year old wage-labourer who had invested in the […]
The Dow Jones Credit Suisse Hedge Fund Index Finished Up 1.39% in April
The Dow Jones Credit Suisse Hedge Fund Index (the “Broad Index”) finished up 1.39% for the month of April. Performance for the Broad Index and its 10 sub-strategies is calculated monthly. March, April and YTD 2013 performance numbers are listed […]
Hedge fund billionaire Loeb says Sony reminds him of Yahoo
Money Control – Billionaire hedge fund manager Daniel Loeb says Sony Corp reminds him of Yahoo Inc before he waged a bitter proxy fight that triggered a boardroom shake-out at the Internet company last year. Loeb’s Third Point hedge fund has […]
Hedge funds pressure Dell offer
Boston – Several top stock-picking hedge funds bought about 30 million shares of PC maker Dell in the first quarter, possibly increasing pressure on company founder Michael Dell to improve his bid to take the company private. Dell is embroiled […]
Activist hedge fund reveals Groupon stake
Chicago Tribune – JANA Partners, an activist hedge fund run by billionaire Barry Rosenstein, has revealed a stake in Groupon and Zynga, two of the most battered technology stocks. Shares of both companies jumped on the news. JANA, which oversees more […]