Monthly Archives: July 2012
“Black box” fund may not be enough to revive Man
Reuters – A recent uptick in the performance of its flagship AHL fund may not be enough of a cure for hedge fund manager Man Group after a sharp fall in assets, analysts said. The firm, whose shares have lost […]
NFA launches education initiative in wake of CFTC rule amendments rescinding exemptions
New York (HedgeCo.Net) – National Futures Association (NFA) today announced an education initiative to assist commodity pool operators and commodity trading advisors that will be affected by the Commodity Futures Trading Commission’s (CFTC) recent rule amendments rescinding exemptions from registration. […]
E.U. Moves to Make LIBOR Rigging Illegal
Reuters – Manipulating market benchmarks in the European Union would be illegal under a draft law being proposed next week after Barclays’ admission of rigging the London-based LIBOR rate, the E.U.’s executive body said on Friday [July 20]. The European […]
Hedge Fund Places Faith in Euro Zone
Marc Lasry has never been afraid to go his own way. Marc Lasry, left, chief of Avenue Capital, and Richard P. Furst, who directs the company’s European strategy. While other Wall Streeters who supported President Obama in 2008 are rushing […]
Hatteras Funds Announces Five-City “Meet The Managers” Forum
New York (HedgeCo.Net) – Hatteras Funds (“Hatteras”), a boutique alternative investment specialist providing unique alternative investment solutions for financial advisors and their clients, will host a series of forums across the U.S. for financial advisors, home office research teams and […]
Despite Hedge Fund loss of 0.9% for the month of June Inflows Remain Strong
New York (HedgeCo.Net) – Morningstar reports that the Morningstar MSCI Composite Hedge Fund Index dropped 0.9% in June, the MSCI World Stock Index soared 5.1% during the same period. “Hedge fund strategies came up short in June despite strong overall […]
Ackman Protege Ferguson To Leave Pershing To Start Fund
Bill Ackman, the hedge-fund manager who is pressing for changes at Procter & Gamble Co., is losing the first analyst he hired for his Pershing Square Capital Management LP, according to a letter to investors. Scott Ferguson, now a partner […]
Van Eck acquires a hedge fund beta business from Lyster Watson
AM – Van Eck Associates, a US investment management firm, has acquired a hedge fund beta business and team from Lyster Watson, to offer a suite of strategies known asTrackers. According to the acquirer, Trackers are hedge-style “beta” strategies, which […]
The Murphy Mix-Up And Democrat Hedge Fund Contributions
New York (HedgeCo.Net) – Democrats Susan Bysiewicz and rival Chris Murphy are in a bit of a scuffle over hedge fund contributions, the Hartford Courant reports. Bysiewicz ran an add accusing Murphy of receiving around $700,000 in campaign contributions from financial firms, saying he has […]
Hedge Fund Manager Loses Battle Over $1 Million Shoe Collection
Gawker – In an anti-climatic finish to the Court Case of the Century, hedge fund manager Daniel Shak withdrew his lawsuit seeking his share of his ex-wife’s million dollar shoe collection. Beth Shak, the ex-wife, and, according to the New York Post, a “pretty […]
Hedge Funds Lag Behind a Generic Stock/Bond Mix
BusinessWeek – Before they discovered hedge funds, pension funds and school and foundation endowments typically held portfolios with 60 percent in equities and 40 percent in bonds. Many would be better off if they had stuck with that formula. Hedge funds have […]
Traxis To Liquidate Biggs’s Hedge Fund Into Another Pool
Bloomberg – Traxis Partners LP, the $1.2 billion hedge fund started by Barton Biggs, told clients it will liquidate a vehicle he managed and transfer the assets to another pool following his death over the weekend. The Traxis Global Equity Macro […]