Monthly Archives: July 2011
UCITS Hedge Fund Index: Long/Short Equity and Event-Driven Strategies Weak
New York (HedgeCo.net) – The UCITS Alternative Index Blue Chip is down -0.17% this week, due mainly to a weak performance of Long/Short Equity and Event-Driven strategies, respectively down -0.81% and -1.30%. The best strategies this week are Commodities and […]
Asian New Hedge Funds Raised $2.86 Billion in First Half, AsiaHedge Says
BusinessWeek – Twenty-four new hedge funds in Asia raised $2.86 billion in the first half of 2011, more than double the preceding six months as the average startup size surged, an AsiaHedge New Funds Survey showed. The amount raised compares with […]
Gundlach’s Hedge Fund Said to Rise 28% on Mortgage-Backed Bonds
Bloomberg – Jeffrey Gundlach’s hedge fund has gained 28 percent since its Sept. 1 start, driven by bets on mortgage-backed securities, according to an investor briefed on the returns. The DoubleLine Opportunistic Income Fund, which invests in fixed-income securities, is […]
Hedge fund exec testifies in WaMu bankruptcy, denies shareholder insider trading allegations
Washington Post – A hedge fund executive is denying allegations from Washington Mutual shareholders that his firm used confidential information gained in WaMu’s bankruptcy case to trade in its securities. Dan Gropper of Aurelius Capital Management testified Monday that Aurelius […]
Hedge fund industry extends record asset level with 2Q inflows
Opalesque – Investors continued to allocate new capital to hedge funds through and despite the volatile performance environment in 2Q11, as new allocations to the hedge fund industry totaled nearly $30 billion in 2Q11, according to data released today by […]
S.Korea wealth fund aims to grow alternative investments
Reuters – South Korea’s $46 billion sovereign wealth fund aims to expand alternative investments in areas like commodities and private equity, its new chief executive said on Tuesday, pledging to strengthen ties with foreign private equity and pension funds. Korea […]
UBS’s Investment Banking department has made approximately 65 senior hires so far this year, including 15 MDs
UBS Appointment: Head of the Equity Capital Markets Financial Institutions Group, Americas We are delighted to announce that Jeff Evans will join UBS as a Managing Director and Head of the Equity Capital Markets Financial Institutions Group reporting to Tom […]
People Moves: Hedge Fund Veteran Doug Moore Joins Agecroft Partners
New York (HedgeCo.net) – Hedge fund firm Agecroft Partners, has hired hedge fund veteran Doug Moore as a Managing Director. Moore has over 14 years of institutional hedge fund experience, his responsibilities will include: assisting with due diligence on potential […]
Soros hedge fund moves to 75% cash
Investment Week – George Soros’ $25.5.bn Quantum Endowment hedge fund is sitting on 75% cash after the portfolio pulled back from the market following a 6% loss last year, Bloomberg reports. Fund manager Keith Anderson has decided to step back […]
Hedge fund exec testifies in WaMu bankruptcy, denies shareholder insider trading allegations
Washington Post – A hedge fund executive is denying allegations from Washington Mutual shareholders that his firm used confidential information gained in WaMu’s bankruptcy case to trade in its securities. Dan Gropper of Aurelius Capital Management testified Monday that Aurelius […]
Ex-Galleon Fund Manager Cardillo Ordered to Pay $68,000 in SEC Suit
Bloomberg – Michael Cardillo, who pleaded guilty in the Galleon Group LLC hedge-fund insider trading case, was ordered to pay more than $68,000 as part of a U.S. Securities and Exchange Commission suit. Cardillo pleaded guilty in January to securities fraud […]