Monthly Archives: July 2013
Trust CEO Recalls Big Hedge Fund Egos, Porn Donation
Bloomberg – As chief executive officer of the National Philanthropic Trust, Eileen R. Heisman counsels billionaires, receives their seven- and eight-figure wire transfers and accepts odd gifts such as surf boards and an antique Army tank. Heisman has made the […]
Hedge Funds Have Actually Been Pretty Good Stock Pickers This Year
Business Insider – The hedge fund industry has been taking a lot of heat in recent days and years for delivering poor performance at a high cost. Indeed, according to a recent report from Goldman Sachs, the average hedge fund […]
Hedge Funds Bought Gold in Biggest Rally Since 2011: Commodities
Bloomberg – Hedge funds raised bets on higher gold prices for a second week as comments from Federal Reserve Chairman Ben S. Bernanke damped expectations for an imminent tapering of stimulus. Futures rose the most since 2011. Speculators increased their net-long position by 4.1 percent […]
Global Investor names Deutsche Bank “Fund Administrator of the Year”
Deutsche Bank’s expertise in fund administration and sub-custody was recognized by Global Investor, a leading publication for institutional investors, at an awards dinner in London last week. At the Global Investor/ISF Investment Excellence Awards, the Bank was named Fund Administrator […]
TrimTabs and BarclayHedge Report Hedge Fund Inflows Hit Two-Year High of $18.5 Billion in May
BarclayHedge and TrimTabs Investment Research reported that hedge funds took in a net $18.5 billion (1.0% of assets) in May, more than a forty-fold increase from April’s $430 million inflow. The results are based on data from 3,368 funds. “In […]
SEC Fact Sheet: Restrictions For Hedge Funds Under The JOBS Act
New York (HedgeCo.Net) – The SEC has released more details on some of the restrictions hedge funds and others will face in light of the new, looser rules on general advertising. “As we fulfill our mission to facilitate capital formation […]
Neuberger Berman MLP Income Fund Announces Leverage Financing
Neuberger Berman MLP Income Fund Inc., a newly organized closed-end fund, announced today that it has successfully entered into a leverage financing facility with a major U.S. financial institution. Under the terms of the leverage facility, the Fund has access […]
Warren Proposes Legislation To Break up Megabanks From Riskier Investments Like Hedge Funds
New York (HedgeCo.Net) – A of group of U.S. senators led by senior United States Senator Elizabeth Warren, yesterday introduced legislation that would break up Wall Street’s megabanks by separating traditional banking activity from riskier financial services such as investment banking, […]
SS&C GlobeOp Hedge Fund Performance Index and Capital Movement Index – June 2013
BobsGuide – The gross return of the SS&C GlobeOp Hedge Fund Performance Index for June 2013 measured -1.94%. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 1.30% in July. Read Complete Article
When hedge funds go online
Reuters – Many people are worried about the fact that the SEC has finally got around to ending the ban on “general solicitation” by hedge funds. The Reuters story alone features a host of unhappy characters: Heath Abshure, the president of the North American […]
Hedge funds log first monthly drop of year in June
MarketWatch – Hedge funds declined 1.3% in June, smaller than the decline logged by the broader market, according to a monthly report from industry adviser Hennessee Group LLC. “Hedge funds posted their first monthly loss of the year in June,” […]
SkyBridge Capital and Woori Investment & Securities Announce Strategic Partnership
New York (HedgeCo.Net) – SkyBridge Capital (SkyBridge), a research-based alternative investment firm headquartered in New York, and Woori Investment & Securities (Woori I&S), headquartered in Seoul, South Korea, today announced a strategic partnership that will allow for the distribution of […]