Monthly Archives: July 2012
Hedge Fund Manager Crispin Odey Buys up Barclays Shares
New York (HedgeCo.Net) – European hedge fund manager, Crispin Odey, founding partner at $6.9 billion hedge fund, Odey Asset Management, has bought 10 million pounds’ worth of shares in Barclays, Reuters reported today. Barclays is in the middle of a scandal over interest rate […]
Goldman Sachs loses appeal of $20.6 mln Bayou award
Reuters – Goldman Sachs Group Inc lost an appeal on Tuesday against a $20.6 million arbitration award won by creditors of bankrupt hedge fund Bayou Group. Goldman had argued the arbitration panel disregarded the law in handing Bayou investors a […]
U.S. Judge Rules Against SEC in Stanford Claims Case
Reuters – A federal district judge on Tuesday [July 3] delivered a blow to the victims of Allen Stanford’s $7 billion Ponzi scheme, rejecting a request for an industry-backed fund to start a court proceeding that could lead to victim […]
The UCITS Hedge Fund Index Global down in June
New York (HedgeCo.Net) – The UCITS hedge fund Index Global is down -0.23% in June bringing its year to date performance to -0.33%. The UCITS Alternative Index Fund of Funds is down -0.77% bringing its yearly performance to -2.39%. 10 […]
Hedge funds come out strong in June after the EU summit
Opalesque Asia – The hedge fund industry came out strong towards the end of June as the industry, particularly risk assets, rallied strongly on the positive news from the EU summit, according to GAMs “Insight Hedge Fund Performance in Q2.” According to […]
Hedge fund Cube cuts bank positions in market rally
Reuters – London-based hedge fund firm Cube Capital has sold positions in bank debt and stocks during the market rally of recent weeks, betting that prices will fall back again as the euro zone’s ongoing debt crisis continues to drive […]
Can South Korea Nurture a Home-Grown Hedge Fund Industry?
CFA – Korea-style hedge funds and prime brokers had been a popular topic within Korean financial circles long before their launch in December 2011. In mid-June, the subject become the talk of the town as two conferences that focused on Korean […]
Fletcher Sues to Block Cayman Liquidation of Hedge Fund
Bloomberg – Fletcher International Ltd., a hedge fund managed by the investment firm of Alphonse “Buddy” Fletcher, sued to block Cayman Islands-appointed liquidators from selling off its assets, after having filed for bankruptcy. The lawsuit, filed in U.S. Bankruptcy Court […]
Hedge Fund Survey: Smarsh Report Reveals Challenges in Oversight of Electronic Communications
New York (HedgeCo.Net) – The survey of more than 200 compliance professionals in the hedge fund industry was conducted to better understand the attitudes and current practices for electronic communication compliance. “This year’s survey findings illuminate the shifts underway related […]
Ex-JPMorgan Trader Feldstein Biggest Winner Betting Against Bank
Bloomberg – Andrew Feldstein, who bet against JPMorgan Chase & Co. (JPM) before helping the bank unwind more than $20 billion of trades, has emerged as one of the biggest winners among hedge-fund managers profiting from a flawed strategy. The […]
Cube Capital opens hedge fund to outside investors
Pensions & Investments – Cube Capital on Monday opened its Global Opportunities hedge fund to outside investors, confirmed Meglena Petkova, a spokeswoman. Cube Capital has been running the event-driven fund for three years with a combined $100 million from its […]