Monthly Archives: May 2012
Billion-Dollar Traders Quit Wall Street for Hedge Fund Cash Pay
Bloomberg – In the five years that John Silvetz made about $700 million for Deutsche Bank AG by trading corporate bonds and credit derivatives, the amount of his annual bonus paid in cash dropped to 20 percent from almost 70 […]
Hedge funds called ‘guardian angels’ of distressed companies
Vancouver Sun – So-called vulture investors do more good than harm to financially distressed companies, new research from the University of British Columbia suggests. Sauder School of Business finance professor Kai Li determined that when a hedge fund invests in […]
Global hedge fund assets still over $2 trillion, up slightly in the past year
New York (HedgeCo.net) – Assets in global hedge funds edged up slightly during 2011, despite the strong headwinds in global markets and the negative performance delivered on average from funds in the industry last year, according to the latest research […]
Third Point Demands Yahoo Fire CEO Today
Reuters – Activist hedge fund investor Third Point demanded that internet company Yahoo Inc. fire its chief executive, Scott Thompson, by Monday [May 7] for padding his resume. The hedge fund’s CEO, Daniel Loeb, who has been waging a public battle to place […]
Institutions keen on activist hedges
IN – Activist hedge funds have pulled in at least $2 billion in new assets from institutional investors over the past two years, with a marked acceleration in pace in the second half of 2011 and so far in 2012. […]
François Hollande wins French election, Greeks vote no to austerity
Guardian – After Nicolas Sarkozy was voted out of power Sunday night, his opposition party is now looking to turn the page and win legislative elections on the very thing that may have toppled Mr. Sarkozy: the ongoing euro-zone debt […]
Greek market rocked by election
Guardian- The eurozone’s weakest link just got weaker. Although it should be no surprise that Greeks are spurning the Troika’s bitter medicine, the violence of the rejection is a shock. A Greek Eurozone exit is now firmly on the cards […]
Hedge Funds Bet Wrong Before Biggest Slump in 2012: Commodities
Bloomberg – Hedge funds raised bets on higher commodity prices for the first time in six weeks, just before the biggest three-day slump since October as U.S. jobs data fell short of expectations and European manufacturing contracted. Money managers increased […]
Survey: Hedge Funds Are Spending More Time On Fundraising
New York (HedgeCo.net) – EisnerAmper released the fourth edition of The Pulse of Private Equity, its biannual research report based on survey results from private equity fund executives. More than 110 fund managers in the United States responded to the […]
In Soros mold, ex-Enron gas trade whiz Arnold turns giver
Reuters – To the list of unexpected windfalls created by the boom in shale gas production, add one more: The full-time philanthropy of billionaire trader John Arnold. Tired of struggling to eke out gains in a natural gas market that […]
Why Hedge Funds Flock to the Private Cloud
Wall Street & Technology – In a sign that hedge funds are flocking to cloud-based IT solutions, Eze Castle Integration announced yesterday that it has surpassed 2,000 users and more than a pedabyte of data in its Eze Private Cloud. […]
Hedge funds go to market with JOBS Act
Westfair Online – When President Obama signed the JOBS (Jumpstart Our Business Startups) Act on April 5, freeing hedge funds to do more marketing and advertising may not have been what he had in mind. And when Congress was creating […]