Monthly Archives: August 2014
Citigroup To Stop Selling Hedge Fund Investments
New York (HedgeCo.Net) – Citigroup Inc has been restricted from selling hedge funds investments and private-equity funds to high net worth clients, the WSJ reports. Citigroup, in JUly of this year, has also agreed to pay approximately $7 billion for its […]
Ex-prof, alum son plead guilty to hedge fund fraud
MIT Tech – A former associate dean of MIT’s Sloan School of Management and his son have pleaded guilty to securities fraud and obstruction of justice after allegedly losing $140 million of investors’ money in hedge funds. Gabriel Bitran PhD […]
Hedge Funds File U.K. Suit Against BNY Mellon on Argentine Debt
WSJ – A group of hedge funds holding €1.3 billion ($1.71 billion) of Argentine government bonds has filed suit against the U.S. bank charged with overseeing payments to the nation’s bond investors, seeking to gain access to interest payments they […]
Hedge fund Citrine Picks Nickel as Best Base Metal Wager
Bloomberg – Zinc and nickel will probably lead advances in base metals next year as global demand outstrips production, according to Paul Crone, chief investment officer at Citrine Capital Management LLC. Futures climbed. Zinc may rally to $2,500 to $2,700 […]
Bill Ackman’s hedge fund made over $160 million on Burger King’s rally
MarketWatch – Bill Ackman must be a happy man Monday, as his hedge fund’s investment in Burger King Worldwide is now worth about $163 million more than it was on Friday. Ackman’s Pershing Square Capital Management owns 38,387,865 shares of Burger […]
This Massive Hedge Fund Company Sold Warren Buffett’s Company. Should You Buy?
The Motley Fool – We should never blindly copy any investor’s moves, no matter how famous or successful the investor. Still, it can be useful to keep an eye on what smart folks are doing. 13F forms can be great […]
Man Group Expands US Hedge Fund Business With Acquisition Of Pine Grove
New York (HedgeCo.Net) – Man Group plc has acquired US-based fund of hedge fund manager Pine Grove Asset Management LLC., which has approximately $1.0 billion in assets under management. The transaction enhances Man Group’s presence in the US and adds […]
Preqin Report: Investors To Maintain Hedge Fund Holdings
New York (HedgeCo.Net) – Hedge fund performance was mixed in the first half of the year, with almost all strategy benchmarks for 2014 YTD returning less than in the same period last year, the Preqin Investor Outlook: Alternative Assets, H2 2014, […]
Hedge Fund Crude Bets Tumble Amid Surging Global Supply
Bloomberg – Speculators are the least bullish on U.S. crude oil prices in 16 months as refinery maintenance weakens demand at a time when Libya and Iraq are swelling global supplies. Futures dropped a fifth consecutive week after money managers […]
Citigroup Dealing With “Bad Actor” Restrictions on Hedge Fund Sales
ValueWalk – According to an August 22nd article in the Wall Street Journal, Citigroup Inc (NYSE:C) is facing “bad actor: restrictions relating to its recent settlement with U.S. regulators. The restrictions prevent the bank from selling investments in hedge funds […]
Hedge Funds in Puerto Rico’s power authority accord include Redwood, Knighthead
Reuters – Hedge funds negotiating with Puerto Rico’s public power authority PREPA over a possible restructuring of more than $8 billion in bonds include two involved in Argentina’s protracted bond negotiations, Knighthead Capital Management and Redwood Capital Management, according to […]
Hedge funds gave Mugabe $100M for genocide, got platinum mines in return
Boing Boing – Zimbabwe’s dictator Robert Mugabe unleashed a storm of brutal, genocidal violence after losing the 2008 elections — and now we know that it was funded by western hedge-funds and banks, led by Och-Ziff Capital Management, the largest […]