Monthly Archives: August 2014
Lexington Partners Acquire a Portion of JP Morgan Chase’s Interest in One Equity Partnership
New York (HedgeCo.Net) – Lexington Partners (“Lexington”) together with AlpInvest Partners (“AlpInvest”) announced today that they have entered into a definitive agreement to acquire JPMorgan Chase’s interests in approximately 50% of the portfolio companies currently held by One Equity Partners […]
SEC: Brokerage Firm Worked With A Hedge Fund To Hide $45 Million
New York (HedgeCo.Net) – Hedge fund manager Nikolai Battoo is again under investigation, this time for his inappropriate business dealings with Bahamas-based brokerage firm Alliance Investment Management Limited. The SEC alleges that Julian R. Brown and his firm Alliance Investment Management Limited […]
Hedge Funds Betting Against Banco Espírito Santo in Line for Big Gains
WSJ – A handful of hedge funds may have made tens of millions of dollars on the collapse of troubled Portuguese lender Banco Espírito Santo. One of the biggest funds to bet the bank’s shares would fall was Marshall Wace […]
Behind Goldman Sachs’ new hedge fund strategy
CBS – Goldman Sachs (GS), whose name is synonymous with Wall Street to many investors, is ratcheting up the fees it charges to some hedge fund clients and cutting ties with others. Its goal is to set aside more capital […]
Hedge fund honcho sues ex-Wonderbra model in rental feud
NY Post – A beautiful model known as “Miss Wonderbra’’ is nothing but an ugly landlord who raked in more than $1 million in rent for a leaky, vermin-infested dump in Gramercy Park, one of her former tenants charges in […]
Achica sells stake to hedge fund giant Lansdowne Partners
Retail Week – Lansdowne Partners, one of the world’s biggest hedge funds, has taken a stake in Achica, the online homewares site set up by Asos co-founder Quentin Griffiths. Documents filed at Companies House, which detail Lansdowne’s investment, show that […]
Hedge Funds Are Digging Gold Miners
WSJ – All that glitters isn’t gold—at least for the investors who are eschewing the precious metal in favor of the companies that mine it. After years spent in the shadow of gold, miners are back in favor, driven by […]
Hedge Fund People: Patrick Henry Named New Leader of Deloitte’s Investment Management Practice in US
New York (HedgeCo.Net) – A partner with top hedge fund service provider, Deloitte & Touche LLP has been appointed vice chairman and leader of the cross-functional investment management practice in the United States. Patrick Henry succeeds Cary Stier, who has expanded […]
Novel Concept is Not So Novel: Hedge Fund Charges Flat 1.25% Fee
What’s the old saying about imitation and flattery? Bloomberg News’ Kelly Bit has the scoop on a former Bridgwater Associates hedge-fund analyst whose new fund has no performance fee — just a flat management fee of 1.25% of assets. If […]
Alternative Investment Strategies Can Hedge Against Rising Interest Rates
Financial Adviser – In an environment in which equities are near record highs and most areas of credit no longer offer compelling risk/reward profiles, many advisors are struggling with the same challenge: how to construct a portfolio that can generate […]
Hedge funds caught short as 21st Century Fox, Sprint deals collapse
The Australian – On a day some traders dubbed “Arbageddon”, hedge funds who bet on big corporate takeovers, known as arbitrageurs, suffered their worst rout in years after two deals fell apart and regulators indicated they may take steps to […]
Summertime Living Isn’t Easy for Macro Funds
WSJ – The market’s summer stumble has dealt a new blow to a group of macro hedge funds that seek to anticipate trends in global markets. Graham Capital Management LP has laid off more than 10% of its staff, or […]