Monthly Archives: July 2012
Shanghai Hedge Fund Association is officially launched
Opalesque – As the Chinese government formally allowed foreign hedge funds to tap into local wealthy individual investors for funds to invest overseas, the Shanghai Hedge Fund Association, or SHFA, was officially launched over the weekend with the aim of promoting […]
Cayman court ruling upholds rights of hedge fund in case involving a side letter
Hedge Funds Review – A Cayman court decision outlines the position of hedge fund investors when using an intermediary. It also shows hedge funds they have other options when hit with redemption requests, says Ogier. A Cayman Islands court judgement has […]
10 most popular tech stocks among hedge funds
MartketWatch – The technology sector is home to many of the most attention-grabbing stocks in the market: Apple. Google. Microsoft, etc. 13F filings allow investors to follow the activity of hedge funds in the sector on a quarterly basis and […]
Buffett Empowers Deputies, Raises Funds to $8B
HedgeWeek – Warren Buffett, the billionaire chairman and chief executive officer of Berkshire Hathaway Inc., is entrusting more of his company’s investments to deputy stock pickers as he prepares the firm for his eventual departure. Ted Weschler and Todd Combs, former […]
Romney’s Hedge Fund Past Laid Bare By IRS Submissions
New York (HedgeCo.Net) – Mitt Romney may have committed a crime in saying that he quit his fortune building hedge fund Bain Capital in 2009, sources say. The Obama admin has reported: “Romney may have misrepresented his position to the […]
The Market Has Spoken, and It Is Rigged
NYT – In the aftermath of the Barclays rate-fixing scandal, the most surprising reaction has been from people in the financial sector who fully understand the awfulness of what has happened. Rather than seeing this as an issue of law […]
NY Fed to release Libor documents Friday: official
Reuters- The Federal Reserve Bank of New York will release on Friday documents showing it took “prompt action” four years ago to highlight problems with the benchmark interest rate known as Libor and to press for reform, an official at […]
Fallout From JPMorgan Loss May Have Just Begun
HedgeWorld – Jamie Dimon will do his best to put the “London Whale” trading flap behind him on Friday [July 13] when JPMorgan Chase & Co. reports earnings, telling Wall Street that the bank has capped losses from the bad […]
Investors warn EU hedge fund rules could hit other funds
Reuters – Leading fund management firms have warned the European Commission’s head of financial regulation that new rules aimed at tightening practice at hedge funds could damage the rest of the industry’s ability to operate effectively. Twenty investors, including Allianz, […]
Fund manager Spork appeals hefty penalties
Globe & Mail – Disgraced hedge fund manager Otto Spork is appealing a sentencing order by the Ontario Securities Commission to pay a $1-million fine plus millions more back to investors. Ontario Divisional Court will hear the appeal by the […]
JPMorgan’s Unlikely Hedge Fund Savior
Bloomberg – When JPMorgan Chase made its money-losing multibillion-dollar bets on the corporate bond market, hedge fund manager Andrew Feldstein took the opposite side and won. Feldstein, co-founder of BlueMountain Capital, also profited by helping the Wall Street bank unwind the trades, […]
Hedge Funds Largely Flat in June, Shed $50 Billion
Nasdaq – Hedge funds were largely flat last month, while the broad market posted modest gains. The HFRI Fund Weighted Composite Index gained a marginal 0.05% in June, while the benchmark Standard & Poor’s 500 index rose 4.12%, taking into […]