Monthly Archives: May 2011
Hedge fund giant SAC Capital meets with investigators over insider trading
New York Post – Connecticut hedge fund giant SAC Capital Advisors said Monday that it met recently with congressional investigators probing potential insider trading by the $14 billion firm. “We welcomed the opportunity to meet with the staff to educate […]
Hedge fund boss’s tragic family secret
Daily Mail- His on-off romance with Uma Thurman has intrigued even his close friends and the Hollywood star was one of the first people to offer condolences to hedge fund tycoon Arki Busson following the death last week of his […]
Fund of hedge fund firms Saguenay Capital and Strathmore Capital to merge
Reuters – Fund of hedge fund firms Saguenay Capital and Strathmore Capital are to merge to form a manager with $2 billion (1.2 billion pounds) in assets, reuniting ex-Bankers Trust executives and providing scale in a sector hard hit by […]
Paulson Wants Goldman Sachs Group to Detail Lehman Holdings
Reuters – Hedge fund Paulson & Co., which last month revealed details of its purchases of Lehman Brothers Holdings Inc. bonds, is asking a court to order Goldman Sachs Group Inc. (GS) and other banks and investment funds to make the […]
Former Lehman VP Joins AlphaMetrix As Director of Global Hedge Fund Operations
New York (HedgeCo.net) – Mark Faulkenberg has joined hedge fund administrator AlphaMetrix360 as Director of Global Operations. Faulkenberg was Global Head of Operational Risk Due Diligence for International Asset Management Limited, where he oversaw more than 80 underlying hedge fund […]
Hedge Fund Launches: Palmer Square Absolute Return Fund
New York (HedgeCo.net) – Hedge fund manager Palmer Square Capital Management and $9 billion institutional money manager, Montage Investments, have launched the Palmer Square Absolute Return Fund, its first open-ended mutual fund. “With the Palmer Square Absolute Return Fund, we are excited to […]
Hedge Funds Cut Bullish Hog Bets to Lowest Since October 2009
Reuters – Hedge funds cut bullish bets on hog futures to the lowest in 19 months amid speculation that U.S. consumers will curtail spending on pork following increases in meat and energy costs. Funds and other money managers reduced net-long […]
Buyers Battle for Europe’s Bad Loans
Wall Street Journal – As banks across Europe clean up their balance sheets, it is causing a feeding frenzy among hedge funds and private-equity firms hungry for their troubled assets. Many marquee funds are flocking around the dozens of European […]
London’s new fund queens
City AM – The total value of assets under management run by female hedge fund managers has more than doubled to over $200bn (£122.8bn) in the space of a year, according to the latest Hedge Fund Journal and Ernst & […]
Hedge Funds Slash Bullish Wheat Bets 54% as Supply Concern Eased
Reuters – Hedge funds cut their bullish bets on wheat to the lowest this year on speculation that supplies would be adequate to meet global demand. Speculation on higher corn and soybean prices also declined. The funds and other money […]
Hedge fund exit requests rise after oil rout
Reuters – Investors asked for more of their money back from hedge funds in the immediate aftermath of this month’s commodities rout, data from hedge fund services firm GlobeOp on Monday shows. The firm’s monthly snapshot of hedge fund redemption requests […]