Monthly Archives: July 2013
Hedge Funds Have First Amendment Rights Too! Says Hoenig
Yahoo – Last week the SEC lifted an 80 year-old ban forbidding hedge funds from advertising to the general public. Under the terms of the new rule, funds will still only be allowed to accept money from so-called qualified investors […]
Commodity hedge funds suffer longest losing streak on record
Reuters – Funds betting on commodity price moves have lost money every month since January, their joint longest losing streak on record, raising more doubts about their ability to make money at a time when the commodity “supercycle” may be […]
Barclays, Traders Fined $487.9 Million by U.S. Regulator
Bloomberg – Barclays PLC and four former traders were ordered to pay a combined $487.9 million in fines and penalties by the U.S. Federal Energy Regulatory Commission for engaging in what the agency said was a scheme to manipulate energy […]
Sunofia to launch market neutral strategy
Sunofia Capital Management, LLC, a global asset management firm specializing in systematic strategies, today announced plans to launch a market neutral strategy. The strategy will initially invest in European and Japanese liquid equities and will subsequently add liquid North American […]
Hedge Fund Giant Investcorp Seeds NY Asset Manager Kortright
New York (HedgeCo.Net) – Investcorp’s hedge fund business has agreed to seed NY based investment manager Kortright Capital Partners LP. Kortright is the newest asset manager to join Investcorp’s Single Manager Platform, which has a total of $2 billion in client and proprietary assets under […]
Hedge Fund Trading Changes to Withstand Greater Scrutiny and Tougher Markets, Says TABB
Herald Online – According to the eighth annual benchmark study from TABB Group, “US Hedge Fund Equity Trading 2013: Better Practices for the Age of Transparency,” regulatory scrutiny by the SEC and the brutal dogfight for scarce alpha are pushing […]
Bridgewater’s McCormick says hedge fund is long U.S. Treasuries
Reuters – Blackstone Group LP, one of the world’s biggest hedge fund investors, is now giving retail clients a taste of these normally exclusive portfolios through a new mutual fund. The Blackstone Alternative Multi-Manager Fund (BXMXX) will be run by […]
Hedge Fund Fees: Exotic Expenses
Forbes – Back in 2008, Warren Buffett made a bet with Protégé Partners, a fund of funds hedge fund manager, that the S&P500 would beat a group of hedge fund managers selected by Protégé. The bet officially started on January […]
Top Witness for the S.E.C. Turns Testy on the Stand
NYT – Paolo Pellegrini has been lauded as an architect of one of the biggest hedge fund victories in recent memory: Paulson & Company’s audacious bet against subprime home loans in 2007. But in a Manhattan federal courtroom on Tuesday, […]
Hedge Fund Exec Testifies in NYC Case
ABC News – A former hedge fund executive testified Tuesday at a New York securities fraud trial that the fund purposely bet against investments tied to high-risk mortgages as the housing market teetered on the edge of a meltdown — […]
Hedge funds lose big in June as outflows jump
CNBC – Hedge funds across the world posted their largest loss for 12 months in June, as heightened fears of slowing growth in China and the tapering of the Federal Reserve’s bond buying program hit performance, new research has found. […]
Ex-Och-Ziff Team Gets Investcorp Seed for Kortright Hedge Fund
BusinessWeek – Kortright Capital Partners LP, the event-focused equity hedge-fund firm founded by Och-Ziff Capital Management Group LLC., alumni Matthew Taylor and Ty Popplewell, received seed capital from Investcorp. Taylor and Popplewell started Kortright, which invests in “opportunities arising from corporate change” […]