Monthly Archives: August 2014
Nervous Hedge Funds Turn Defensive on Concerns Over Asset Prices
NYT – Some hedge funds are cutting back on their riskier positions because of fears that certain assets may have become overpriced and concerns about the conflicts in Ukraine and Iraq. Nervous funds have reduced their bets that equities will […]
Dubai creates new fund class to lure asset managers
Reuters – Dubai is changing its financial rules in an effort to attract more asset managers – particularly those serving the richest and most risk-tolerant investors, such as hedge funds and private equity funds – to base themselves in the […]
Argentina moves to cut out US hedge funds
The Guardian – Argentina has risked deepening its isolation among international lenders with a proposal to cut out a group of US hedge funds from sovereign bond payments. President Cristina Fernández de Kirchner announced on Tuesday that the government was […]
Hedge fund exit requests rise in August
Reuters – Investor requests to pull out money from hedge funds rose in August, according to data released on Wednesday [Aug. 20], an increase typically seen at this time of year. The SS&C GlobeOp Forward Redemption Indicator, a snapshot of […]
Hedge Fund Background Investigations – Investigative Due Diligence Trends and Techniques
New York (HedgeCo.Net) – In an effort to discuss the current state of investor approaches to hedge fund background investigations, Corgentum Consulting announced that they will be hosting a free webinar titled, “Hedge Fund Background Investigations – Investigative Due Diligence Trends […]
BTIG Launches Chicago-based FX Desk
BTIG LLC, a global financial services firm specializing in institutional trading, investment banking and related brokerage services, announced today that it has opened a new Chicago-based FX desk with the hires of Michael Artim, Brandon Walsh and Chris Karabelas. Since […]
Carne launches new edition of UCITS guide for fund managers
Carne Group has published a new edition of its popular UCITS Guide for Investment Managers. The A5 booklet has proved popular with product development teams seeking practical guidance on distributing funds under the UCITS IV Directive. The new edition of […]
‘Smart money’ hedge funds flunk performance test
USA Today – If grades were given out to hedge funds, often dubbed the “smart money,” for their recent investment performance, they’d probably get a “C.” Indeed, these secretive investments favored by the wealthy and institutional investors have trailed the […]
Asia’s Best-Performing Macro Hedge Fund Hits $1 Billion Mark
Bloomberg – Quantedge Global Fund, Asia’s best-performing macro hedge fund, said it has increased its assets to more than $1 billion, joining the ranks of the region’s biggest funds. Quantedge, which started with $3 million in October 2006, has increased […]
U.S. hedge funds hunting for value in Canada’s oil patch
Financial Post – Hedge funds, mostly American, seem to have their fingerprints all over the Canadian oil patch these days. They are hunting for value in the Canadian sector, where stocks are on the rebound after lagging their U.S. counterparts […]
Aston Martin ‘Myth’ Tested as Hedge-Fund Pay Slumps
Bloomberg – Bonuses for hedge-fund employees in London have dropped by 94 percent since 2012 as returns in the industry declined, according to a salary-data provider. The average bonus for directors, or mid-level employees, plummeted to 8,000 pounds ($13,300) this […]
Ex-SAC Executive Kumin’s Hedge-Fund Firm Gets Leucadia Investment
WSJ – Former SAC Capital Advisors LP executive Solomon Kumin has secured a $400 million investment from Leucadia National Corp. LUK -0.24% for his startup hedge-fund firm, according to people familiar with the recent developments. An agreement signed late last […]