Monthly Archives: May 2013
Direxion Launches Two Leveraged Exchange-Traded Funds
Direxion, a leader in alternative investment solutions, has launched two new leveraged inverse exchange-traded funds (ETFs), the Direxion Daily Brazil Bear 3x Shares (BRZS) and Direxion Daily South Korea Bear 3x Shares (KORZ). The Direxion Daily Brazil Bear 3x Shares seeks daily […]
The capture of tax haven Ireland: “the bankers, hedge funds got virtually everything they wanted”
EU Observer – The Financial Times is carrying an important and fascinating story about the tax haven of Ireland. It focuses on a particular issue which is dear to my heart, and the subject of a whole chapter of Treasure […]
Evans Randall Targets Hedge Funds With Mayfair Deal
Bloomberg – Evans Randall Ltd., half owner of the London tower known as the Gherkin, bought 60 million pounds ($93 million) of office property in the city’s Mayfair district. The buyout firm purchased a 34,000 square-foot (3,150 square-meter) office building […]
The lucrative investment trend hedge funds don’t want you to know about
CNN – Hedge fund executives who descended on Miami last month for a conference on unpaid property taxes were treated to waterfront cruises of estates owned by Madonna, Shaquille O’Neal, and Elizabeth Taylor. But unlike those celebrity residences, the houses […]
The Hunt for Steve Cohen
Vanity Fair – With arrest after arrest in a massive, seven-year insider-trading investigation, U.S. Attorney Preet Bharara is getting closer to the biggest fish of them all: Steve Cohen, founder of SAC Capital, the $14 billion hedge fund, who some […]
Volatility Hedge Funds Down In 2013
New York (HedgeCo.Net) – Volatility funds such as $600 million Saiers Capital fund, use strategies that take advantage of pricing discrepancies caused by gyrations in global financial markets. “These funds flourished in the years after the financial crisis, when volatility was running hot, […]
Hedge Funds Drive Demand For Greek Corporate Debt
WSJ – Hedge funds are the driving force behind the substantial demand for Greek corporate debt most recently seen in the Hellenic PetroleumELPE.AT +3.45% bond sale, say market participants, in a sign that investors with longer-term horizons still shun the riskiest of high-risk […]
You’ve never heard of one of the best-performing hedge funds in the world
Quartz – Norway is not what you would call a hotbed for hedge funds. Due to restrictive regulatory requirements and an almost uniformly long-only focused investor-community, there are only a handful of hedge funds managed out of Norway. Despite this, […]
Hedge Fund To Pay More Than $21.5 M to SEC
New York (HedgeCo.Net) – Without admitting or denying the SEC’s allegations, Level Global Investors LP has agreed to pay more than $21.5 million to settle insider trading charges. In January 2012, the SEC filed insider trading charges against Connecticut-based hedge fund advisory firm Level […]
Porsche Says 12 More Hedge Funds Withdraw U.S. Appeal
Reuters – Porsche SE, the family-controlled holding company that owns a majority stake in carmaker Volkswagen AG (VOW), said an additional 12 hedge funds dropped a U.S. court appeal in a market manipulation suit. A total of 24 funds have […]
AIMA has released the first global review of the hedge fund industry’s charitable activities
The Alternative Investment Management Association (AIMA), the global hedge fund association, has released the first global review of the hedge fund industry’s charitable activities. The 44-page report, Contributing to Communities, gives a detailed picture of the global hedge fund industry’s […]
France back in hedge funds’ sights as economy stutters
Reuters – Hedge funds are restoring bets that French bond prices will fall, speculating the country’s gamble on increasing public spending to boost economic growth will fail. Funds have already been burnt on the trade. Last year, the European Central […]