Monthly Archives: July 2012
Traxis Hedge Fund ‘Fully Functional’ After Biggs’ Death
BusinessWeek – Traxis Partners LP, the $1.2 billion hedge fund started by Barton Biggs, said it continues to operate after the death of its founder over the weekend. “Traxis remains fully functional, looking after the portfolios of its investors,” Amer […]
Hedge Fund Launches: Pacific View Asset Management
New York (HedgeCo.Net) – Two hedge fund managers from New Zealand are starting a San Francisco based hedge fund, Pacific View Asset Management, LLC., launched with two strategies, International Small Cap and Global Small Cap. Ken Applegate, Senior Portfolio Manager and co-head […]
Eurekahedge: Hedge Funds Witness Trend Reversals
New York (HedgeCo.Net) – Hedge fund performance was flat to slightly negative in June as global markets witnessed several trend reversals during the month. The Eurekahedge Hedge Fund Index registered a marginal loss of 0.14% during the month, bringing its June year-to-date […]
The Dow Jones Credit Suisse Hedge Fund Index Finished Down 0.40% in June
Press release – The Dow Jones Credit Suisse Hedge Fund Index (the “Broad Index”) finished down 0.40% for the month of June. Index Jun-12 May-12 2012 YTD Broad Index -0.40% -1.33% 2.20% Convertible Arbitrage 0.33% -0.84% 4.08% Dedicated Short Bias […]
Hedge Fund Pioneer Barton Biggs Dies at 79
Reuters – Barton Biggs, a former chief global strategist for Morgan Stanley who predicted that the Internet bubble would burst a year before it did, has died, the bank said on Monday [July 16]. Mr. Biggs was associated with Morgan […]
Vote of No Confidence: A Call to Investigate the National Futures Association
Reuters/Attain Capital – If you have been following the blog, or know anything about Attain, then you know that last week, the industry was rocked by the revelation that Russ Wassendorf, Sr., CEO of FCM PFGBest, attempted to commit suicide, leaving […]
Books: Stocks and Shell Games Down South ‘The Trust,’ by Norb Vonnegut
New York Times – Mr. Vonnegut dreams up diabolically elegant business crimes, then sends smart-talking characters to follow the money. He draws upon his own Wall Street experience (with Morgan Stanley, among other employers) to provide the sound of insider […]
35 Questions Mitt Romney Must Answer About Bain Capital Before The Issue Can Go Away
Forbes – Mitt Romney conducted numerous TV and other media interviews yesterday in order to minimize the damage his campaign has received regarding discrepancies surrounding his tenure at Bain. During times of crisis it is often a smart strategy to […]
Decosimo Presents The National Hedge Fund Investment & Operations Boot Camp Course
New York (HedgeCo.Net) – Decosimo, a Top 100 accounting and business advisory firm, will be lending its leadership for hedge fund education targeting hedge fund investors and management teams. Decosimo is providing support as the lead sponsor and Principal Karl J. […]
Wasendorf Sr. Arrested, Admits 20-Year Fraud, FBI Says
Reuters – Russell Wasendorf Sr. was arrested on Friday [July 13] after allegedly stealing more than $100 million from clients of his now-bankrupt brokerage PFGBest, using little more than a rented P.O. Box, Photoshop and inkjet printers to dupe regulators for decades. […]
The Hedge Fund Industry Responds to the SEC Regarding the JOBS Act
New York (HedgeCo.Net) – AIMA, the global hedge fund industry association, has expressed support for the elimination of the ban on general solicitation and advertising by hedge fund managers in the US, but has said that only accredited investors should […]