Monthly Archives: July 2014
Onetime Hedge-Fund Star Sees Investor Exodus
WSJ – Boaz Weinstein, once one of Wall Street’s most successful traders, has seen assets at his hedge-fund firm shrink by half to $2.6 billion over the past year as he struggles with investment losses and client defections. Investors this […]
Ex-J.P. Morgan Trader Joins Bitcoin Bulls Launching Hedge Funds
NewsWeek – Daniel Masters, a 50-year-old veteran commodities trader, started working for some of the largest companies in the world right out of university, trading in London, New York and Zug, Switzerland, for JPMorgan Chase and Phibro before moving on […]
Pippa’s boyfriend to take on Swiss hedge fund role
Evening Standard – Pippa Middleton’s relationship is about to turn long-distance, with her stockbroker boyfriend quitting his job in the City to work for a hedge fund in Switzerland. Nico Jackson, who has been dating the duchess of Cambridge’s younger sister […]
Chinese Hedge Funds Down 1.38% For 1H 2014
China Money Network – Greater China-focused hedge funds produced their second consecutive month of positive returns, up 1.56% in June. Though they remain in the red with a negative return of 1.38% for the first half of the year, according […]
Hedge Funds Get $16.9 Billion in May but Underperform S&P 500
New York (HedgeCo.Net) – BarclayHedge and TrimTabs Investment Research reported today that the hedge fund industry took in $16.9 billion (0.7% of assets) in May, down slightly from $19.1 billion (0.8% of assets) in April. “Hedge funds raked in $72.2 […]
TLC Capital Group Readies Summer Hedge Fund Launch
New York (HedgeCo.Net) – Atlanta-based TLC Capital Group LLC is preparing the launch of a new option-hedged market neutral fund, the Salvus Hedged Yield Fund LP. “The fund is designed for the preservation of capital and will offer investors the […]
Argentines Taunt Hedge Funds After World Cup Victory
Bloomberg – In the aftermath of Argentina’s semifinal World Cup win last night, crowds broke into the usual victory chants, praising the homeland and poking fun at the British, their longtime nemesis in the Falkland Islands. But a less traditional […]
Weinstein’s Saba Capital Hedge Fund Declines for Fifth Month
Bloomberg – Boaz Weinstein, founder of hedge-fund firm Saba Capital Management LP, posted a 1.3 percent decline in June, his fifth straight monthly loss, as some investors exited the fund. The credit fund has lost 2.9 percent this year after […]
A look at 5 hedge fund stars of the future
HITC – While you might not know their names now, you will. They are five hedge fund stars of the future as identified by Institutional Investor. They bet right on subprime, poached high-profile talent and helped shore up AOL when […]
The Epic Story Of How A ‘Genius’ Hedge Fund Almost Caused A Global Financial Meltdown
Business Insider – Twenty years ago, one bond-trading hedge fund grew from launch to over $US100 billion in assets in less than three years. It saw yearly returns of over 40 per cent. It was run by finance veterans, PhDs, […]
OCBC in face-off with hedge fund manager over Wing Hang Bank
Malaymail – Billionaire hedge-fund manager Paul Singer may have met his match. His Elliott Capital Advisors LP is in a face-off with Singapore’s Oversea-Chinese Banking Corp. over a family-owned Hong Kong bank. OCBC is trying to buy Wing Hang Bank […]
Hedge Funds: January-May Inflow of $72.2 Billion Highest since 2007
New York (HedgeCo.Net) – BarclayHedge and TrimTabs Investment Research reported today that the hedge fund industry took in $16.9 billion (0.7% of assets) in May, down slightly from $19.1 billion (0.8% of assets) in April. “Hedge funds raked in $72.2 […]