Monthly Archives: May 2013
London hedge fund manager ends poor year with £22m pay day
FN – According to company accounts filed today, the highest-paid director at Clive Capital was entitled to £21.6m for the year to February 28, 2013, down from £40m over the previous 12-month period. Adding up the pay package for the […]
British hedge fund tycoon blows £850,000 in Monte Carlo
DailyMail – By day he is a hedge fund tycoon and generous philanthropist. But by night self-made millionaire Talal Shakerchi is a regular addition at some of the biggest poker games in Europe. And on Saturday, he took on the big […]
Natural gas market tempts hedge funds
Risk.net – The introduction of hydraulic fractioning technology could be a new dawn for natural gas, though some hedge funds have pulled back as prices remain in the doldrums. Names such as Amaranth Advisors serve as a warning to those […]
US Hedge Funds Turn Bullish on the Euro
CNBC – Park Avenue, Manhattan, is half a world away from Kaiserstrasse, Frankfurt, and the corridors of the European Central Bank. The closest that the hedge funds of New York have come to austerity is cutting back on helicopter trips to […]
Forging Its Own Path, British Hedge Fund Finds Success
NYT – As a partner at Goldman Sachs, he wore a kilt to the firm’s annual black-tie dinner in New York. After leaving Goldman, Mr. Kirk, an astrophysicist by training, set up a hedge fund in Cambridge, England, a world […]
IFMI Announces $13.7 Million Strategic Investment
Institutional Financial Markets, Inc. (NYSE MKT:IFMI) (“IFMI”), a financial services firm specializing in credit-related fixed income investments, today announced that it has entered into definitive agreements with Mead Park Capital Partners LLC (“Mead Park Capital”) and Cohen Bros. Financial, LLC […]
Fair Value Considerations for BDCs filing an IPO under the JOBS Act
By: Carolyn Bentzien, Valuation Research Corporation – The Spring of 2012 heralded a new and exciting time for investment funds considering blossoming into Business Development Companies (“BDC”). In April 2012, the Jumpstart Our Business Startups (“JOBS”) Act was enacted into […]
Hedge Fund Net Flows Advance 0.63% in May
New York (HedgeCo.Net) – The gross return of the SS&C GlobeOp Hedge Fund Performance Index for April 2013 measured 1.44%. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.63% in May. “Subscriptions outpaced redemptions for […]
Hedge fund nominees to Hess board to forgo special pay package
Reuters – An activist hedge fund’s nominees to the Hess Corp board of directors said they were waiving their right to receive a special pay package from the fund if the oil and gas company outperforms its peers under their watch. […]
Are Hedge Funds Bulletproof?
NY Mag – Imagine: You’re a baseball player. You have the highest salary on your team, but your batting average is below .200, and you’ve struck out swinging in 90 of your last 100 at-bats. And yet, day in and […]
Detroit’s municipal debt attracting hedge fund ‘vultures’
Reuters – Hedge funds have found success in the last two decades in corporate bankruptcies, but now they have set their sights on struggling municipalities, “and no place beckons like Detroit,” according to a report in Reuters called “Analysis: Hedge […]
Mortgages are investment du jour for hedge funds
CNN – In less than five years, mortgages have gone from toxic to tonic. It’s the same life span as the annual hedge fund conference SALT, where many of the top professional managers met last week to talk investments, hear […]