Monthly Archives: May 2013
Hedge fund buys up thousands of homes in central Florida
The country’s largest private real estate owner, Blackstone Group, is pouring millions of dollars into the central Florida real estate market. Some are concerned the company is squeezing out the average home owner and turning too many single family homes […]
CalPERS asks Milken crowd for hedge fund resumes
Pensions & Investments – CalPERS continues to build out its hedge fund capability and seeks four additional investment professionals to join its six-person team, said Edigio “Ed” Robertiello, senior portfolio manager, absolute-return strategies, for the $258.3 billion fund. In fact, […]
Busson’s EIM considers merger plan
Telegraph – EIM, the fund-of-hedge funds founded by the flamboyant Arpad Busson, has held merger talks with rival asset managers after suffering a spate of client withdrawals. Mr Busson, better known for his relationships with supermodel Elle Macpherson and actress […]
Emerging Market Hedge Funds Gain +7.3% in 1Q12
New York (HedgeCo.net) – Emerging Markets hedge funds posted their strongest start to a calendar year since 2006 with the HFRI Emerging Markets Index posting an industry-leading gain of +7.3 percent in 1Q12, according to the latest HFR Emerging Markets […]
Ex-Credit Suisse Trader’s Asia Macro Hedge Fund Returns 20%
Bloomberg – Splendid Asia Macro Fund, run by a former Credit Suisse Group AG trader, returned 20 percent this year through April as it bought Asian currencies, fixed income and equities, and sold the yen amid the European crisis. The fund, whose trades focus […]
Name-Dropping at Gupta Trial
DealBook – The insider trading trial of Rajat K. Gupta has featured testimony about some of America’s most prominent businessmen — including Warren E. Buffett, the billionaire investor, and Lloyd C. Blankfein, the chief executive of Goldman Sachs. On Wednesday at Federal District […]
Weavering boss Magnus Peterson guilty of fraud
The Independent – Magnus Peterson, the head of the collapsed hedge fund business Weavering, has been found in the High Court to have defrauded investors and ordered to pay hundreds of millions of dollars in damages. Mrs Justice Proudman ruled that Peterson, […]
Hedge Fund ETF Weapons Turn Dangerous for Solo Investors
Business Week – If you are convinced, really convinced, the price of crude oil will rise today and U.S. stocks will fall, Factor Advisors LLC has an exchange-traded fund for you. The FactorShares 2X: Oil Bull/S&P500 Bearoffered by the New York-based […]
Hedge fund boss found guilty in $600 million fraud
Reuters – Magnus Peterson, the boss of collapsed hedge fund business Weavering, has been found guilty of defrauding investors and ordered to pay hundreds of millions of dollars in damages. London’s High Court ruled that Peterson, manager of the Weavering […]
FSA bans hedge fund manager over $500m bond scandal
Guardian – A hedge fund manager embroiled in a $500m (£319m) international bond scandal has been banned by the City regulator and given a £3m fine. Alberto Micalizzi is accused of trying to conceal “catastrophic losses” of more than $390m […]
Hedge fund lied about its principals’ having ‘skin in the game’: SEC
Investment News – The SEC has settled charges against investment adviser Quantek Asset Management LLC and two managers who told investors in two Latin American alternative investment funds that the executives had invested large portions of their own money in […]
Ex-Goldman Trader Run-Symphony Seeks Money for Hedge Funds
Bloomberg – Symphony Financial Partners, co- founded by an ex-Goldman Sachs Group Inc. trader in 2003, is seeking $1 billion from investors after its Japan-focused hedge fund returned more than four times its peers. David Baran, co-chief executive officer of […]