Monthly Archives: July 2013
First Opportunity Fund: A Good Way To Acquire Top-Rated Hedge Funds At A 25% Discount
Seeking Alpha – If you want to invest in hedge funds in the U.S., you have to be an “accredited investor” with a net worth of at least $1 million not including your house, or an annual income over $200,000 […]
FTT uncertainty continues to cloud the horizon for hedge funds
Risk.net – The controversial EU financial transaction tax could prove the undoing of some hedge funds if implemented across 11 member states as it now stands. Transaction costs are set to soar The European Union’s initiative to impose a financial […]
JP Morgan Liquidating Pension Hedge Fund Investments
New York (HedgeCo.Net) – J.P. Morgan has decided to liquidate all of the hedge fund investments held by its overfunded $13 billion pension fund, industry website Hedge Fund Alert reported today. J.P. Morgan Retirement plans to withdraw approximately $2.3 billion […]
Hedge-Fund Founder Loses Suit Over $6 Million Gift to Partner
Bloomberg – One of the founders of Gradient Capital Partners LLP lost a lawsuit seeking to recover a “gift” of about 3.9 million pounds ($6 million) paid to his former partner at the London hedge fund as losses mounted amid the financial […]
Hedge funds ‘aggressively’ buy Treasurys
CNBC – Hedge funds have been snapping up U.S. government debt, with new data showing large speculators have been “aggressively” buying 10 year Treasurys in the last week. According to data from Bank of America Merrill Lynch (BofAML), hedge funds […]
Survey: Hedge Funds Focus On Long/Short Equity and Event-driven Strategies
New York (HedgeCo.Net) – Credit Suisse polled 185 institutional investors on their strategy and allocation activity for its mid-year Hedge Fund Investor Survey. 88% of institutional investors said that they plan to make additional allocations to hedge funds during the second half of […]
Hedge Funds Investors Are Getting Tired Of Waiting For Hedge Funds To Deliver In 2013
Business Insider – In June, the hedge fund industry posted negative monthly returns – losing 1.52% – for the first time in over a year. Industry-wide performance last month was so bad that hedge funds barely managed to eke out positive returns […]
Julian Robertson: SAC case won’t impact hedge fund industry
Here Is The City – Julian Robertson, founder and CEO of Tiger Management, appeared on Bloomberg Surveillance Tuesday with Tom Keene, Sara Eisen and Scarlet Fu and said that Google has built a better culture than Apple. Robertson on whether […]
How To Get A Job At A Hedge Fund
Forbes – Many hedge funds were battered by the recession, but they still hold a powerful allure. Mysterious and secretive, they dangle the possibility of enormous paydays and a work environment populated by intense math geniuses who dwell in giant […]
As Banks Retreat, Hedge Funds Smell Profit
WSJ – School Specialty Inc., a distributor of classroom supplies, borrowed $64 million from a private investment fund last year after it couldn’t get a loan from a bank. Its financial problems persisted, and, in January, it sought bankruptcy protection. […]
SEC rejects settlement with fund manager Phil Falcone
Reuters – The U.S. Securities and Exchange Commission voted to reject a deal its enforcement division had struck with once high-flying hedge fund manager Philip Falcone and his hedge fund Harbinger Capital Partners, according to a regulatory filing. The SEC […]
Eze Software Group Wins Two Best-in-Class Awards at the 2013 Waters Rankings
Eze Software Group, a premier provider of global investment technology, today announced that that it has won two best-in-class awards at the 2013 Waters Rankings, the annual readers’ choice awards ofWaters magazine. Eze Software was named Best Execution Management System (EMS) […]