Monthly Archives: July 2016
Alibaba, Soros Family Office Alums Team Up On New Hedge Fund
(TheStreet.com) A hedge fund manager with close ties to Alibaba chairman Joseph Tsai hopes to add a little George Soros magic, teaming with two partners from the Soros family office to form a new management firm. Dubbed Old Farm Partners, […]
Massive Hedge Fund Backs Nashville Convention Center Project
(Nashville Business Journal) A $28 billion hedge fund based in Boston is pumping equity into the highest-profile and most closely watched proposed development in downtown Nashville. According to multiple real estate sources, The Baupost Group LLC is backing a proposed […]
SEC Charges Unregistered Brokers with Pocketing Investor Money
(HedgeCo.Net) The Securities and Exchange Commission has charged two men with pocketing investor money they raised for limited liability companies they owned and controlled that purportedly held warrants to purchase the common stock of a technology startup company. The SEC […]
Fundraising for PE Secondaries Funds Hits Record in 2H16
(Fin Alternatives) Fundraising for private equity secondaries hit a record in the second half of 2016, with the majority coming via Ardian’s recent close of its record-setting seventh secondaries fund, according to new data from Preqin. To read this article:
Hedge Funds Suffer From A ‘Sameness’ That’s Hurting Performance
(Benzinga) Citing Doug Haynes, the president of Steve Cohen’s investment firm, Point72 Asset Management, Business Insider reported the hedge fund industry has a well-documented performance problem, which is directly connected to a lack of diversity in the industry. Hedge funds […]
Goldman Exec Who Made $1 Billion Betting On The Housing Market Is Raking It In For A New Fund
(The Business Insider) Dan Sparks helped Goldman Sachs’ mortgage unit make more than $1 billion off the financial crisis. Now investors are piling into his new hedge fund — and backing its strategy of betting on homeowners. Shelter Growth Capital […]
AlphaGen Energy Hedge Fund Up 59.9 PCT In Year To July 12
(Reuters) An oil hedge fund run by London-based AlphaGen Capital, a subsidiary of Henderson Global Investors, has made gains of almost 60 percent in the year to July 12, the firm confirmed to Reuters. AlphaGen’s 59.9 percent return in its […]
Quantedge Hedge Fund Jumps 12% In June as Brexit Roils Markets
(Bloomberg) Quantedge Global Fund gained 12 percent last month to return almost three times as much as global peers, as bond holdings gained amid the market dislocation that followed the unexpected U.K. decision to leave the European Union. The June […]
ValueAct Hedge Fund To Pay Record Fine To DOJ
(The Business Insider) The activist hedge fund ValueAct has agreed to pay $11 million in a settlement with the Department of Justice, the highest ever settlement for the charge the fund faced. ValueAct is paying following allegations that it didn’t […]
Credit Suisse Survey: Hedge Funds Play Key Role in Investment Portfolios
(FinAlternatives) Credit Suisse today announced the results of its mid-year Hedge Fund Investor Sentiment Survey, which polled more than 200 global institutional investors representing almost $700 billion in hedge fund investments. To read this article:
Hedge-Fund Investors Dump Laggards, 84% Redeem in First Half
(Bloomberg) Running an underperforming hedge fund? Your clients are noticing. Eighty-four percent of investors in hedge funds pulled money in the first half of the year, and 61 percent said they will probably make withdrawals later this year, according to […]
Hedge Funds Are Far From Dead
(New York Post) Hedge funds are down, but far from out. The New York state pension is among the big-money investors pumping more money into hedge funds and other “alternative investments” despite bad publicity and public pressure. The $178 billion […]