Monthly Archives: May 2013
Does BNY Mellon Really Believe Hedge Funds Are No Riskier Than Traditional Investments?
Forbes – As the former compliance director of one of the nation’s largest money managers, I was puzzled by a recent letter published in the Providence Journal by Roger Begin, former Rhode Island Treasurer and Vice President of BNY Mellon […]
Hedge funds scramble to turn positive on ag prices
AgriMoney – Hedge funds turned positive on agricultural commodities at the fastest pace in nine months, as the turgid pace of US spring plantings, and fears for winter wheat, prompted them to reassess historically extreme bearish positioning. The net long […]
Hedge-Fund Manager Vinik to Close Firm
WSJ – Veteran stock picker Jeffrey Vinik plans to close his hedge fund after a run of poor performance that coincided with a string of changes at his firm. Mr. Vinik, who rose to prominence helming Fidelity Investments’ Magellan fund […]
Hedge funds find salvation in Japan’s Abenomics
Financial Times – If hedge fund managers believed in salvation, then Japanese prime minister Shinzo Abe would be a prime candidate for saviour. For a $2.4tn industry whose returns for the past four years have been disappointing at best, and […]
5 takeover rumors hedge funds are betting on
Marketwatch – Publicly traded companies are often acquired at a large premium to their market price pre-announcement, and so rumored takeovers—whether or not they turn out to be true—can cause speculators to pile into the stock. These stocks aren’t necessarily […]
Man jumps 9% as debt repayment news cheers hedge fund’s investors
Gaurdian.co.uk – Hedge fund group Man has jumped 9% despite clients continuing to withdraw cash, after it announced a debt restructuring. News that it was using around $470m of surplus cash to buy back debt and save $78m a year […]
Hedge Fund Mogul Steven Cohen stands strong against Insider Trading probe
New York (HedgeCo.Net) – Investigations of insider trading by the S.E.C. and the U.S. Attorney’s office have haunted Hedge Fund SAC Capital and it’s manager, and 117th richest man in the country, Steven A. Cohen, for the last few years. […]
Backstop Acquires PerTrac CMS from eVestment
New York (HedgeCo.Net) – Backstop Solutions Group (BSG), a leading Software-as-a-Service provider to the alternative asset management industry, announces the acquisition of the PerTrac CMS product line, a specialized customer relationship management tool built exclusively for the institutional investment community, […]
Zombie Hedge Funds Being Snapped Up By New Joint Venture
New York (HedgeCo.Net) $7.3 billion hedge fund secondary buyer Crestline Investors Inc, and merchant banker Kirchner Group have joined forces to launch a joint venture with the aim of buying up so-called zombie funds from their original private equity sponsors, according to a […]
JOBS ACT to benefit investors – HF not as risky as perceived
It has been recently covered in the media that Mary Jo White, who became SEC chairman on April 10, is pushing to adopt the JOBS ACT without major changes and potentially adding additional investor protections at a later date. While […]
Hong Kong’s Richland Capital Management Shuts Two Hedge Funds
Bloomberg – Richland Capital Management Ltd., a Hong Kong-based asset manager set up in 2006, is closing down its two hedge funds, said Chief Investment Officer Alex Au. Richland has sold all the stocks in the Richland Asia Absolute Return Fund and […]
Tim Hortons shares climb as activist hedge fund demands change
The Globe And Mail – Shares of Tim Hortons Inc. climbed today as the doughnut and coffee king comes under attack from an activist hedge fund holding some 4 per cent of its stock. Highfields Capital, which holds more than […]