Monthly Archives: May 2012
Moore Leads Hedge Funds Betting on JPMorgan Before Trade Losses
Bloomberg – Hedge funds Moore Capital Management LLC and Blue Ridge Capital LLC boosted their stakes in JPMorgan Chase & Co., while Kingdon Capital Management LLC divested, before the shares plunged because of a $2 billion trading loss. Moore, the […]
GlobeOp April Hedge Fund Performance Index Up 0.51%
New York (HedgeCo.net) – The gross return of the GlobeOp Hedge Fund Performance Index for April, 2012 measured 0.51%. · Current month, flash estimate 0.51%* · Year-to-date (YTD) performance 3.66%* · Last 12 month (LTM) performance 1.22%* · […]
Loeb Makes $122 Million on Yahoo as Thompson Steps Down
Bloomberg – Daniel Loeb’s New York-based Third Point LLC, has made almost $122 million so far on its stake in Yahoo! Inc. (YHOO) after successfully forcing Chief Executive Officer Scott Thompson to step down. Loeb, 50, whose hedge fund owns 5.8 percent of the […]
Hedge Funds Up Over $11 Billion in April
New York (HedgeCo.net) – Total inflows amounted to $28.13 billion while client redemptions added to $17.72 billion. The MSCI World Index dropped 1.62% on the back of rising eurozone sovereign yields, weak US economic data and slow Chinese growth. Key […]
New wireless company on hold due to bankruptcy
MSNBC – Hedge fund manager Philip Falcone’s dream of bringing another wireless network to the United States likely came to an end on Monday, when LightSquared Inc, the ailing telecommunications company he bankrolled, filed for bankruptcy protection. LightSquared and many […]
Hedge fund manager offers up knowledge in book
Pensions & Investments – Anthony Scaramucci has distilled his insider’s knowledge of the hedge fund industry into his second book, “The Little Book of Hedge Funds.” Founder and managing partner of SkyBridge Capital LLC, New York, a hedge fund seeder, […]
Biggest Ship Hedge Fund Turns Bullish on Supertankers: Freight
Bloomberg – The biggest hedge fund in shipping is turning bullish on the largest oil tankers for the first time in four years as the U.S. push toward energy independence provides China with a greater share of global crude supply. The U.S. […]
Facebook lifts price range on IPO as hedge funds, students queue
The Australian – The social network overnight raised its price range to $US34 to $US38 a share, resulting in a target valuation of up to $US104 billion ($104.28bn), which would make it the most highly valued IPO for a US company. Its previous […]
JPMorgan CIO Chief Drew Quits After Trading Loss
Reuters – JPMorgan Chase & Co. Chief Investment Officer Ina Drew is retiring — the first casualty after the bank suffered trading losses that could reach more than $3 billion and that have sparked an investigation by U.S. securities regulators. […]
Hedge Fund Launch: Credit Suisse Liquid Alternative Fund
New York (HedgeCo.net) – Credit Suisse’s Asset Management Division has announced the launch of the Credit Suisse Liquid Alternative Fund. The fund seeks to offer access to hedge fund-like returns, with the flexibility of daily liquidity, increased transparency and 1099 […]
“Everything is a Hedge”
The Big Picture – The claim is being made that JP Morgan’s $2 billion trading loss was in a trade that was a “a hedge.” It doesn’t take much review to easily disprove that position. We first learned of this […]
Hedge funds slash $18 billion in commodities; oil hit most
Reuters – Hedge funds and other money managers slashed their bullish bets on commodities by 20 percent, or nearly $18 billion, as prices fell to four-month lows last week, data from the Commodity Futures Trading Commission showed on Friday. With […]