Monthly Archives: May 2013
The Anti-Ackman Effect: Herbalife Surges Then Plunges As Hedge Fund Billie Omits It From Ira Sohn Speech
As Bill Ackman took the stage on Wednesday at the Ira Sohn Conference in New York, the audience erupted in applause expecting to hear one of the day’s best ideas. Instead, they spent their time checking emails as the chief […]
The Things You See at a Las Vegas Hedge Fund Confab
NY Magazine – At the Bellagio in Las Vegas today, there are some pretend gamblers — people betting tiny sums on hands of blackjack and poker and plugging nickels into slot machines. And then, in the conference center just off […]
Congress Testimony ‘Slowed Us’: Hedge Fund Pro
CNBC – Being called to testify before the U.S. Congress did little to help him lure clients, said Tilden Park Capital Management CIO Josh Birnbaum, whose hedge fund nonetheless managed to top the industry in 2012. Asked whether his testimony […]
Chicago’s 11th Hedge Funds Care Features Prohibition Era Theme
New York (HedgeCo.Net) – Hedge Funds Care’s 2013 Open Your Heart to the Children Benefit (preventing and treating child abuse) is reaching out to the finance industry’s younger crowd with a prohibition era themed nightclub venue and after-party. The Kelly Lively […]
Hedge Funds Up 4% Globally
New York (HedgeCo.Net) – Hedge funds posted positive returns in April as most markets trended upwards during the month according to the Eurekahedge Hedge Fund Index which was up 1.09% during the month, while the MSCI World Index gained 2.02% in April. […]
Hedge Fund People: Jason Fisher Joins PineBridge As Senior Vice President,
PineBridge Investments (“PineBridge”), the global multi-asset class investment manager, today announced that Jason Fisher joined the firm as Senior Vice President, Head of Consultant Relations for the Americas and Europe. Mr. Fisher will work closely with PineBridge’s Sales and Client […]
Analysis: Hedge funds in search of distress take a look at Detroit
Reuters – In the past two decades, a group of specialized hedge funds have transformed corporate bankruptcies, injecting much-needed capital while at the same time drawing fire as “vultures.” Now these same funds may be poised to descend on another […]
Hedge Funds Rush Into Debt Trading With $108 Billion
Bloomberg – Hedge funds using debt-trading strategies honed on Wall Street are expanding at a record pace as they profit from risks big banks are no longer taking. BlueCrest Capital Management LLP doubled its New York staff in the two […]
Hedge fund manager Einhorn increases Apple bet, praises plan to return capital
Mercury News – David Einhorn’s Greenlight Capital has added to its investment position in Apple (AAPL) and is waiting for the company’s “next blockbuster product,” Einhorn said Tuesday. In a conference call for his Cayman Islands-based reinsurer Greenlight Capital, Einhorn did not […]
Cantab closes hedge fund as EU rules curb commodity investing
Reuters – Cantab Capital Partners is to close a retail investor-friendly version of its flagship hedge fund because of new European guidelines regulating investment in commodities, underlining the growing difficulty firms face in trading metals, grains and oil. Cantab, which […]
Hedge fund trial to raise pressure on UK fraud prosecutor
Fox – Britain’s top fraud prosecutor is likely to face serious criticism over its handling of an investigation into the $600 million collapse of one of London’s oldest hedge funds, a judge said on Tuesday. Already smarting from a 300 […]
BlackRock Manager Launches Hedge Fund Consulting Firm
New York (HedgeCo.Net) – A former managing director at BlackRock, David A. Geffen, has formed a consulting firm focused exclusively on the hedge fund industry. “The alternative investment industry is poised for significant growth and many fund managers will benefit […]