Monthly Archives: July 2011
Journal Register Co. sold to New York hedge fund
CT Post – The Journal Register Co., parent of the New Haven Register, Housatonic Times and several other Connecticut newspapers, agreed Thursday to be bought by a New York hedge fund, a move that raises questions about consolidation in the […]
ProShares Launches Hedge Fund Replication ETF
New York (HedgeCo,net) – $26 billion ETF provider, ProShares, today launched a Hedge Replication ETF, based on Merrill Lynch’s recognized hedge fund replication model. The ETF, HDG, lists on the NYSE today. “Many portfolios could benefit from the risk/return characteristics […]
Record Electronic Foreign Exchange Trading Volumes in First Half of 2011
Press Release – Electronic trading in Foreign Exchange markets continued to surge in the first half of 2011, with Credit Suisse experiencing record trading volumes across its array of electronic FX offerings. This strong increase in volumes is testament to the marketplace’s […]
BNY Mellon: ETF Assets Expected to Double to $2 Trillion in 2015
New York (HedgeCo.net ) – Assets in Exchange-Traded Funds (ETFs) in the U.S. are expected to double to $2 trillion before the end of 2015, according to a new whitepaper from BNY Mellon and Strategic Insight. The report, ETFs 2.0: […]
People Moves: Lisa Preudhomme Joins Hedge Fund Larch Lane
New York (HedgeCo,net) – Hedge fund seeder, Larch Lane Advisors LLC, a member company of Old Mutual Asset Management, announced today that Lisa Preudhomme has been appointed as a Director of Sales and Marketing. In this role, Ms. Preudhomme will be responsible […]
Altegris Advisors Launches Non Passive Index Hedge Fund
New York (HedgeCo.net)- Altegris Advisors has launched the Altegris Macro Strategy Fund. The Hedge Fund offer access for individual and professional investors to participate in the global macro approach to investing through an actively managed mutual fund. “Of all the […]
SEC Probes Fletcher Asset Hedge Fund, Wall Street Journal Says
Bloomberg – The U.S. Securities and Exchange Commission opened a probe into New York hedge fund Fletcher Asset Management as three Louisiana pension systems raised questions about its liquidity, the Wall Street Journal reported, citing a person familiar with the matter. The […]
Texas County to add $1bn to hedge fund portfolio
HFMWeek – The $18.2bn Texas County & District Retirement System (TCDRS) invested an additional $1bn into hedge fund strategies in March, HFMWeek has learned. The move follows a decision made by the retirement system to increase its absolute return target […]
Fed Survey Finds More-Favorable Credit Terms For Hedge Funds
Dow Jones – Big-money investors such as hedge funds received more-favorable credit terms during the spring, a U.S. Federal Reserve survey said Monday. The quarterly Senior Credit Officer Opinion survey focuses on wholesale credit markets, and the findings of the latest […]
Gold Price Climbs to $1,553, Euro Crisis Escalates
GOLD PRICE NEWS – The gold price climbed $9.11 to $1,553.31 Monday amid growing fears over the European sovereign debt crisis. The price of gold rose to as high as $1,557.20 per ounce this morning, just 1.3% shy of its $1,577.40 […]
Two huge reasons why moving from prop trading to hedge funds makes sense
E Finance – We’ve all heard how former Goldman Sachs prop trader Morgan Sze left the firm to start up Azentus Capital Management, a Hong Kong based hedged fund, earlier this year. More recently, another prop trader has done the […]
Hedge fund founders looted Tetragon -lawsuit
Reuters – Two hedge fund founders were accused in a U.S. lawsuit of using accounting manipulation to loot $205 million in fees from Tetragon Financial Group Ltd. The complaint names Patrick Dear and Reade Griffith, who founded the hedge fund […]
