Monthly Archives: July 2014
Hostile hedge fund Starboard boosts stake in Darden to 7.1%
Orlando Sentinel – Starboard Value, a hedge fund with a hostile plan to replace Darden Restaurant’s board and management, has been buying more Darden stock. Starboard’s ownership surge – now 7.1 percent, up from 6.2 in May – comes as […]
Paulson Hedge Fund Backs Potential Sprint, T-Mobile Merger
WSJ – Sprint Corp. S +0.37% and T-Mobile TMUS +0.44% US Inc. haven’t yet announced their plans to merge but they already have an influential shareholder on board: billionaire hedge fund manager John Paulson. Paulson & Co. played a prominent […]
Long-only hedge funds hold key to emerging markets
Risk.net – Addressing common institutional approaches to long-only emerging markets allocations, hedge funds are less volatile and produce higher returns than mutual funds or ETFs Since the 2008 financial crisis, investors have flocked to emerging markets (EMs) for return generation […]
Hedge Fund Research: Highly Disproportionate Inflows into Non-U.S. Equities Persist
New York (HedgeCo.Net) – TrimTabs Investment Research reported today that U.S. investors have overwhelmingly favored non-U.S. equities this year. While U.S. equity mutual funds and exchange-traded funds have received $12.6 billion, global equity mutual funds and exchange-traded funds have raked […]
SEC Announces Charges in Scheme to Secretly Enable Lawbreakers to Run Microcap Company
The Securities and Exchange Commission today announced fraud charges against four individuals and a microcap company for concealing from investors that two lawbreakers ran the company. According to the SEC’s orders instituting administrative proceedings, the mission of Natural Blue Resources […]
KKR Takes Minority Stake in Hedge Fund BlackGold Capital
New York (HedgeCo.Net) – Global investment firm KKR & Co. L.P. is acquiring a 24.9% interest in credit-oriented hedge fund BlackGold Capital Management, the WSJ reports. Founded in 2006 by co-founders Erik Dybesland and Adam Flikerski, Blackgold manages $1.4 billion in […]
Madoff sons took millions for real estate, trustee alleges
Reuters – Bernard Madoff’s sons created accounts out of thin air and engineered sham loans to buy pricey Manhattan real estate as they diverted tens of millions of dollars of money from their father’s firm, a court-appointed trustee said on […]
Hedge Fund Awards: JP Morgan Wins “Manager of the Year”
New York (HedgeCo.Net) – J.P. Morgan Alternative Asset Management (JPMAAM) has been named “Firm of the Year” among Large Fund of Hedge Funds managers at the 12th Annual Hedge Fund Industry Awards. Institutional Investor presented the award at a ceremony […]
Abitration Clauses Let American Apparel Hide Misconduct
NYT – The real lesson from the ouster of Dov Charney at American Apparel is the danger of arbitration clauses. That may not seem obvious given the bitter battle for control of the retailer and the accusations of sexual harassment. […]
Hedge-Fund Boutiques Show Dubai Nurturing Oasis Trading: Cities
Bloomberg – When Ahmad Zuaiter started a frontier-markets hedge fund, the former Soros Fund Management LLC money manager chose Dubai over New York and London. Zuaiter’s Jadara Capital Partners LP and VY Capital Management Co. Ltd. opened in the emirate […]
Hedge Fund Shorting Treasury Bond ETFs
ETF – Fixed-income strategies, especially long-dated bonds, are currently a tough sell in today’s environment when rates look likely to be heading higher. Some investors, including hedge fund manager George Schultze, are preparing for rates to move higher by buying […]