Monthly Archives: May 2011
Fire Your Hedge Fund, Hire Your Congressman
Barron’s – The Holy Grail of investing has been found: get elected to the U.S. Congress. According to an academic study published Wednesday in the journal “Business and Politics,” members of the House of Representatives outperform the average stock-market investor […]
Microsoft’s Ballmer must go, says hedge fund tycoon
Guardian – David Einhorn, the poker-playing hedge fund tycoon who made a fortune short-selling Lehman Brothers, has turned his fire on Microsoft boss Steve Ballmer, accusing one of the toughest executives in corporate America of being “stuck in the past” and calling for […]
Tudor Leads Hedge Funds Using Options to Bet on China as Jabre Buys Puts
Bloomberg – Paul Tudor Jones and Louis Moore Bacon, in a trade used by several hedge-fund managers in the first quarter, loaded up on options that pay off big if Chinese stocks rebound. Tudor Investment Corp. of Greenwich, Connecticut, and […]
Principia joins ex-Goldman Sze with $750 mln Asia hedge fund
Reuters – Principia Capital Advisors is set to launch a $750 million hedge fund later this summer, three sources familiar with the matter said, joining the ranks of former Goldman Sachs trader Morgan Sze’s blockbuster launch last month. Principia, named […]
A Hedge Fund Manager’s Latest Bet: The Mets
New York Times – David Einhorn made his name on Wall Street by selling short. Famously, he bet against Lehman Brothers’ stock several months before the famed brokerage collapsed. But Mr. Einhorn — one of a handful of hedge fund […]
Investcorp and Prosiris Form Strategic Hedge Fund Partnership
New York (HedgeCo.net) – Investcorp, the alternative asset manager, and Prosiris Capital Management, a New York based hedge fund manager led by former Goldman Sachs managing director Reza Ali, today announced that they have formed a strategic partnership that will […]
Man’s Japan Hedge Fund Up $2 Billion
New York (HedgeCo.net) – Hedge fund giant, ManGroup, announced that their assets are up $71 billion vs $69.1 billion at the end of March. Man’s Chief Executive Peter Clarke said it had been a “significant year” for the group now […]
Rajaratnam renews request in NYC to toss verdict
Forbes – A lawyer for the one-time billionaire hedge fund founder convicted of insider trading charges in New York has renewed his request that the judge reject the verdict. Attorney John Dowd submitted papers Wednesday in federal court in Manhattan […]
Hedge funds play a lending role
The Standard – Borrowing costs in China surged for the sixth straight day as the seven-day Shanghai interbank offered rate rose 57.5 basis points to 5.3053 percent. The surge follows tightening measures by Beijing. The Shibor reached its highest level since […]
Banks in the Asia-Pacific region have benefited from a more active year in derivatives, as corporates seek to hedge their currency and interest rates exposures following a slowdown during the financial crisis After a hiatus during the financial crisis, hedging has returned with a vengeance to boost the corporate derivatives business at banks in Asia-Pacific
Risk – Banks in the Asia-Pacific region have benefited from a more active year in derivatives, as corporates seek to hedge their currency and interest rates exposures following a slowdown during the financial crisis After a hiatus during the financial […]
Hedge fund Elliott unbowed by European defeats
Reuters – He who shouts loudest doesn’t always get heard, as Elliott Management found to its cost earlier this month when the activist firm met stiff resistance to changes it was seeking at European companies. But chief executives cannot afford […]