Monthly Archives: July 2013
Hedge Funds Who Invested In BP Partner Are Suing For Oil Spill Damages
New York (HedgeCo.Net) – Anadarko Petroleum Corporation, a BP partner, is being sued by investors for its role in the 2010 Deepwater Horizon oil spill at the Macondo well. Anadarko has over 100 hedge fund shareholders. Reuters reports: “The investors […]
John Paulson’s telecom picks take an even bigger Leap
CNBC – When John Paulson founded his eponymous hedge fund company in 1994, his focus was merger arbitrage. Now, with a two-decade track record and one massive win in his credit strategy, he’s again finding luck with his original investing […]
Hedge Fund Assets Down $20.94 Billion In June
New York (HedgeCo.Net) – Hedge funds suffered losses this month according to the new Eurekahedge report. “Hedge funds recorded negative returns in June ending their seven month winning run, as global markets witnessed broad based declines during the month.” Total assets under […]
Hedge funds see big inflow of cash
CNN – Hedge funds took in a net $18.5 billion during the month, according to a report from TrimTabs and BarclayHedge. That was more than forty times the $403 million investors poured in in April. It was also the largest […]
Another extension in Compuware’s talks with hedge fund
Freep – Detroit-based Compuware and an activist New York hedge fund apparently will continue their private merger and acquisition talks for several more months. The business software maker and Elliott Management disclosed today that they agreed late last week to […]
Tiger Cub Philippe Laffont On How To Get Hired At A Hedge Fund
Business Insider – Last week OneWire published their first interview with Philippe Laffont, Founder and CEO of Coatue Management. In Part II of the interview, Laffont explains his investment philosophy, how he figures out great long and short positions, and […]
SEC takes Goldman’s ‘Fabulous Fab’ to trial in civil fraud case
Reuters – The U.S. Securities and Exchange Commission heads to trial Monday against a former Goldman Sachs bond trader in a case it says highlights what went wrong on Wall Street in the financial crisis. Jury selection begins in federal […]
Hedge Funds, Super-Wealthy Leaving France
New York (HedgeCo.Net) – Following President Francois Hollande’s pledge to raise a top income tax rate of 75% last year, a number of ultra wealthy individuals have already reportedly exited the country to more liberal tax regimes, according to a […]
Businessweek’s Visually Striking Hedge Fund Cover
New York (HedgeCo.net) – The most recent BusinessWeek cover has a provocative take on what it calls “The Hedge Fund Myth.” Bloomberg’s cover story “Hedge Funds Are For Suckers” delves into the reasons one should avoid hedge funds. “Hedge funds may […]
Argentina litigation with hedge funds; ‘US could end siding with Buenos Aires’
MercoPress – According to the article published on the daily’s online edition, the Barack Obama could “end up siding with Argentina” in an “unusual move” that will get the White House involved in the legal row before the US Supreme […]
‘Hedge Hogs: The Cowboy Traders Behind Wall Street’s Largest Hedge Fund Disaster’ by Barbara T. Dreyfuss
Washington Post – In Washington, the Wall Street moneymen are at it again, waging behind-the-scenes battles against a host of new rules to prevent another financial crisis. Some of the fiercest fights are over limits on derivatives trading, including complex […]
Why Hedge Funds Suing The Government Over Fannie And Freddie Have A Bad Case
Forbes – With the housing market collapsing in July 2008, President George W. Bush signed the Housing and Economic Recovery Act into law, 260 pages aimed at bolstering mortgage giants Fannie Mae and Freddie Mac and overhauling the regulations of […]