Monthly Archives: May 2013
Soros Joins Gold-Stake Cuts Before Bear Market Drop
Bloomberg – Billionaire investor George Soros joined Northern Trust Corp. and BlackRock Inc. in cutting holdings of exchange-traded products backed by gold before a bear market in prices last month, while John Paulson maintained a stake that lost about $165 […]
Why Fund Managers May Be Right About the Fed
DealBook – The economics world has been having a lot of fun with hedge fund managers. After several such managers at a recent conference denounced the aggressive money-printing policies of Ben S. Bernanke, the Federal Reserve chairman, the economic blogosphere rose […]
Kickboxing Oil Trader Pursues KO at New Hedge Fund
Bloomberg – The impact of leather on leather imparts a pleasing crack as Pierre Andurand releases a combination of jabs and hooks onto pads being held by his coach. Powerful shoulders hint at a past as an elite swimmer in […]
New Listing Provides Chinese Investors Access to U.S. Securities for First Time
The NASDAQ OMX Group, Inc. today announced that China’s first cross-border exchange-traded fund (ETF), based on the NASDAQ-100 Index(R), has begun trading on the Shanghai Stock Exchange. The Guotai NASDAQ-100 Exchange-Traded Fund (Symbol: 513100), sponsored by Guotai Asset Management, was […]
UPDATE:Small Cap Hedge Funds show interest in edible Marijuana products from Latteno
New York (HedgeCo.Net) – Latteno Food Corp.’s wholly-owned subsidiary Green Cannabis, has rolled-out it’s first set of medical marijuana edible products consisting of Peanut Butter Cups, Chocolate Bars and Chocolate Chip Cookies all made out of Cannabutter. The peanut butter […]
Hedge funds take collateral management to heart
Risk – Hedge funds exist within a complex network of multiple prime brokers, service providers, technology vendors and various counterparties. All of these entities have been affected by the development of new rules and regulations put in place after the […]
ABS-CBN raises P4-B in fresh funds
CBN – A global private equity firm and hedge fund will be subscribing to P2.5-billion worth of new Philippine Deposit Receipts that will be issued by media conglomerate ABS-CBN Corp. In a disclosure, ABS-CBN named the firm as Capital International […]
Ron Mock ascends to the top of Ontario Teachers’ Pension Plan
Globe and Mail – Ron Mock has completed his rise from the ashes of collapsed hedge fund firm Phoenix Research and Trading Corp., putting a controversial failure behind him to become the new chief executive officer of the Ontario Teachers’ Pension […]
Hedge Funds Bet on Freddie, Fannie Rise
WSJ – Some of the hedge funds that made fortunes in the housing-market crash are now betting on the recovery of Fannie Mae and Freddie Mac, the government-controlled mortgage giants. Paulson & Co. and Perry Capital LLC are among a handful of hedge-fund firms […]
Billionaire Hedge Fund Manager Wants A Sony Spin-Off
New York (HedgeCo.Net) – Bloomberg reports that the founder of hedge fund Third Point is looking to breakup Sony Corp., after acquiring a 6.5 percent stake in the company. Daniel Loeb wants Sony to spin off part of its entertainment arm […]
Chiasson Gets Over 6 Years For Hedge Fund Insider Trading
New York (HedgeCo.Net) – Hedge Fund manager Anthony Chiasson, who was found guilty of insider trading charges back in December 2012, was yesterday sentenced to six and a half years in prison by Judge Sullivan, of the Federal District Court […]
Cayman Islands Spars With Sachs Over Hedge Fund Directorships
Bloomberg – The head of the Cayman Islands financial services industry trade group rejected charges from economist Jeffrey Sachs that the Caribbean nation’s oversight of hedge funds and banks is a “mortal threat” to the global economy. Sachs, in separate letters to the Financial Times the […]