Monthly Archives: May 2013
Cantab to Shut UCITS Fund After Restrictions on Commodity Bets
Bloomberg – Cantab Capital Partners LLP, the $5.5 billion hedge-fund firm led by former Goldman Sachs Group Inc. (GS) quantitative traders, will shut a pool that is regulated like mutual funds because of restrictions on commodity investments. Investors in the […]
Ex-KPMG Auditor’s Friend Pleads Guilty in Insider Case
Hedge World – The California jeweler who gave a former KPMG auditor cash, an expensive watch and concert tickets in exchange for inside information about public companies pleaded guilty on Monday [May 6] to one count of conspiracy to commit […]
Portugal Selling 10-Year Bonds for First Time Since 2011 Bailout
Portugal is selling 10-year bonds for the first time in more than two years as it seeks to regain full access to debt markets following its 2011 bailout. The new securities due in February 2024 may yield 400 basis points more than […]
This Former Hedge Fund Analyst Wants to Launder Your Clothes
AdWeek – Robert Hennessy has an unusual talent. If you tell this ex-analyst entrepreneur where you live in New York, he can name every laundry and dry cleaner within a stone’s throw. “Seventy-eighth between First and Second? There’s four dry cleaners […]
Hedge Fund Fraud: Norfolk Manager Found Guilty
New York (HedgeCo.Net) – Norfolk based hedge fund manager Jeffrey A. Martinovich was found guilty on Monday by a jury on 17 criminal counts in a fraud trial in U.S. District Court. His hedge fund, the now-defunct MICG Investment stands accused […]
Hedge funds raise odds on gold rally in weeks
BusinessDay – Hedge funds have raised bets on a gold rally within three weeks as central banks signal no end to economic stimulus, driving prices higher just as analysts and traders have turned the most bearish in three years. The […]
Dumb money still drives hedge fund merry-go-round
Belfast Telegraph – More money than God. That’s one of the colourful descriptions of hedge fund managers and the title of a fine history of the industry by Sebastian Mallaby. Leaving aside the Almighty’s personal finances, it’s certainly true that […]
Hedge funds come to Vegas, but they’re not always the be$t bet
NY Post – The hedge fund honchos descending on Las Vegas for the fifth annual industry conference have a lot in common with the casinos of Sin City: The house always wins. That truism has never been more evident than […]
Hedge Fund Gold Bets: John Paulson Loses $1 Billion
New York (HedgeCo.Net) – In two days hedge fund manager John Paulson lost almost $1 billion as the gold price dropped last week. “Paulson has roughly $9.5 billion invested across his hedge funds, of which about 85 percent is invested […]
Man Announces FUM of $54.8 Billion for 1st Quarter
New York (HedgeCo.Net) – Hedge fund giant Man Group says that their funds under management (FUM) at 31 March 2013 are at $54.8 billion. ( compared with $57.0 31 December 2012). “The world economy still faces significant challenges but with reduced […]
Europe plans crackdown on ‘toxic’ hedge funds
The Times – The European Commission is preparing a crackdown on hedge funds and their peers to stop them triggering a “wave of contagion” that could bring down the financial sector, according to leaked documents seen by The Times. The shadow […]
Hedge funds find value in French bonds, Greek corporate debt, Japan’s Abenomics: hedge fund news, week 18
Opalesque – Hedge funds are reportedly betting French bond prices will fall, buying Greek corporate debt, and benefiting from Japan’s Abenomics. In the week ending May 3, 2013, it was also reported that London-based hedge fund 36 South had launched […]