Monthly Archives: August 2014
Paulson & Co. ups Puerto Rico real estate bet
Reuters – U.S. hedge fund Paulson & Co. is upping its bet in Puerto Rico real estate with the purchase of an office building in San Juan’s financial district from American International Group Inc. The 326,000 square-foot building is the […]
A Former Top SAC Capital Trader Names New Hedge Fund
NYT – Settling on a name for a hedge fund is often a very personal decision for the manager who runs it. In the case of Steven A. Cohen, the billionaire investor looked to his initials — SAC — as […]
Hedge Funds Give Quarterly Snapshot of Their Portfolios
NYT – The billionaire investor Leon Cooperman stocked up on Apple while other prominent hedge fund managers were divided on Walgreen. Ally Financial was a favorite for Daniel S. Loeb, John Paulson and Richard Perry. On Thursday, some of Wall […]
Zacks: BlackRock, Blackstone Under SEC Scrutiny
New York (HedgeCo.Net) – Hedge fund research group Zacks reports that The U.S. Securities and Exchange Commission (SEC) has come up with the regulatory examination of alternative mutual funds. These mutual funds, proposed to be more risky than standard ones, […]
S&P warns hedge-fund reinsurer model consumes capital
Royal Gazette – Standard and Poor’s (S&P) said yesterday that the hedge fund reinsurers philosophy of running a higher risk portfolio in order to underwrite at lower rates could be flawed. The idea that hedge-fund reinsurers will earn higher investment […]
Louis Bacon and Peter Nygard Move Bahamas Feud to New York
DealBook – The hedge fund billionaire Louis M. Bacon has filed a lawsuit against the Canadian clothing magnate Peter Nygard, claiming a long history of character assassination and numerous environmental misdeeds related to Mr. Nygard’s large property in the Bahamas. […]
Hedge Funds Feasting On Apple Again
Forbes – Robert Citrone and Phillippe Laffont are two of the most prominent Tiger Cubs, hedge fund managers who once worked for legendary money man Julian Robertson’s Tiger Management. Both of them had a rough start to 2014 and sold […]
Blockbuster Movies Fuel Big Wins for Hedge-Fund Investors
WSJ – When it came to Lions Gate Entertainment Corp. LGF +0.24% and MGM Holdings Inc., Carl Icahn yelled “cut” too early. Box-office hits including “The Hunger Games,” “The Hobbit” and “22 Jump Street” have revived the once-struggling movie studios, […]
Alternative funds hold over $16 billion in Puerto Rico debt: Fitch
Reuters – More than 60 alternative fund managers hold more than $16 billion of Puerto Rico debt as hedge funds and distressed debt investors dislodge traditional mutual funds in the island’s debt market, according to a report by Fitch Ratings […]
Former hedge fund researcher pleads guilty to helping colleague hide trade-secret thefts
Chicago Tribune – A former researcher with Chicago-based Citadel LLC pleaded guilty today to helping a colleague try to hide personal computers that had been used to steal trade secrets from the giant hedge fund’s high-speed automated trading system. Sahil […]
Hedge Fund Chief Fights Canadian Magnate in Bahamas Battle
Bloomberg – Louis Bacon has had enough of looking only to Bahamian courts for satisfaction in a star-studded not-in-my-backyard battle with a Canadian clothing magnate. Now he’s come to New York. The hedge fund founder asked a Manhattan court to […]
US hedge fund bet against African Bank in 2013
Business Report – Fifteen months before African Bank Investments Ltd’s rescue this week, David Stemerman told his fellow US hedge fund managers to bet against the South African lender. Stemerman, founder of $3 billion (R32 billion) Conatus Capital Management LP, […]