Monthly Archives: July 2014
American Apparel crisis nears end with hedge-fund deal
NYP – A deal to end the crisis at American Apparel is expected early this week, The Post has learned. The embattled retailer’s board is slated to meet Sunday evening to approve a preliminary agreement that will hand control of […]
Why Chicago’s wealthy are into this little hedge fund
Chicago Business – It’s not easy to launch a hedge fund, but in Chicago it helps if you have names like Duchossois, Canning and Hull pulling for you. Probably it helps, too, if you have a boot-strapper’s back story: African-American […]
Dov Charney’s Hedge Fund Plan May Backfire
New York (HedgeCo.Net) – Former American Apparel founder and CEO has handed his entire stake over to New York hedge fund Standard General LP. The deal, including a loan, boosted his share from 27% to 43%, and enabled the hedge fund […]
The Credit Suisse LAB Index Up 0.62% in June
The Credit Suisse Liquid Alternative Beta Index (“CSLAB”), which aims to reflect the performance of the overall hedge fund industry, finished up 0.62% in June. The Long/Short Equity strategy was the strongest performer for the month and year-to-date, finishing up […]
Nashville nonprofit uses hedge fund returns for world’s poor
Tennessean – Karen Bruton believes capitalism can accomplish tremendous good. Not that she blindly trusts the morals of the free market, but rather, she says people can use money made from capitalistic endeavors to change the world for the better. […]
The hedge fund attack that wasn’t
Politico – CNBC and BAE Systems are abruptly retracting a June report describing a previously undisclosed “audacious and sophisticated attack” against a large hedge fund that supposedly crippled the fund’s high-speed trading and stole data. Paul Henninger, a global product […]
Loeb’s Third Point flagship fund gains 6 percent in first half
Reuters – Billionaire investor Daniel Loeb’s main hedge fund returned 6 percent during the first six months of 2014, beating many rival managers’ largely lackluster returns but trailing his own performance from last year. Loeb’s $14 billion firm Third Point […]
Hedge fund executive to join Wausau Paper board
Milwaukee Journal Sentinel – In the latest shake-up at Wausau Paper Corp., the company announced that a partner at New York hedge fund, which already has forced a break-up of the once-massive Wisconsin paper company, will join the Wausau board of […]
Citigroup Equity Derivatives Head Leaving to Join Hedge-Fund Firm
WSJ – Simon Yates, head of equity derivatives at Citigroup Inc., is leaving the bank to become an executive at Two Sigma Investments LLC, a roughly $20 billion hedge-fund firm based in New York. According to a statement from the […]
KPMG Acquires Rothstein Kass’ Hedge Fund Assets
New York (HedgeCo.Net) – Audit, tax and advisory firm has acquired some of the of assets of hedge fund specialist Rothstein Kass and most of its principals and employees. “Adding Rothstein Kass’s team to KPMG significantly enhances the services we provide to hedge […]
Taxpayers shoulder $16M for failed hedge fund move
CT Post – Connecticut spent $16 million in taxpayer money cleaning up contaminated Stamford waterfront land to lure the world’s largest hedge fund to the city. Even though the deal has fallen through, the state will not get that money […]
UK hedge fund Oceanwood wins $50 mln from Ohio pension fund
Reuters – Europe-focused hedge fund Oceanwood Capital Management has won a $50 million investment from School Employees Retirement System of Ohio (SERS), a nearly 3 percent boost to its $1.85 billion assets under management. The investment marks a significant institutional […]