Monthly Archives: August 2014
Hedge Fund Launch: The Rothschild Larch Lane Alternatives Fund
New York (HedgeCo.Net) – Rothschild Larch Lane Management Company is launching a liquid, open end alternatives mutual fund, using a multi-manager structure, offering diversification across a variety of asset classes, time frames, investment styles and strategies. Larch Lane is a pioneer […]
Botox Company Sues Hedge Fund Founder Ackman For Insider Trading
New York (HedgeCo.Net) – Bill Ackman, hedge fund founder and activist investor, has responded to the lawsuit filed on the 1st of August by Botox-producer Allgeran: “This is a shameless attempt by Allergan to delay the shareholders’ fundamental right to […]
Hedge funds eye a profit from European bank research retreat
Reuters – As Europe’s big investment banks and brokerages scale back their research efforts, particularly towards small and mid-sized companies, some hedge funds and other specialist players spy an opportunity. If the major players aren’t ferreting out investment ideas among […]
Hedge Fund Elliott Sold Wing Hang Bank Shares for HK$387 Million
Bloomberg – Elliott Management Corp., Paul Singer’s hedge-fund firm, sold shares in Wing Hang Bank Ltd. (302) for HK$3 billion ($387 million) near the end of Oversea-Chinese Banking Corp.’s offer to take the lender private. Elliott, with $24.8 billion of […]
Alberto Micalizzi: The Hedge Fund Academic Who Fell From Grace
WSJ – When Italian academic Alberto Micalizzi moved into the world of hedge funds, he was following a path taken by the likes of David Shaw, founder of D.E. Shaw, and James Simons of Renaissance Technologies. But for Mr. Micalizzi, […]
More woes for hedge fund adviser
Personal Finance – The Ombud for Financial Services Providers has handed down another ruling – the fifth so far – against financial adviser Michal Calitz, who advised a number of his clients to invest in the Relative Value Arbitrage Fund […]
Hedge fund billionaire takes aim at Scott, others
The Tampa Tribune – A hedge fund billionaire-turned-environmentalist who is seeking to boost the political importance of climate change has his eye on knocking off Florida Gov. Rick Scott. San Francisco-based NextGen Climate Action Committee last month gave $750,000 to […]
Stock Market Ends July in Dive, but Analysts Are Upbeat
Dealbook – The stock market ended July with the sharpest decline in the Standard & Poor’s 500-stock index since April, while the Dow Jones industrial index fell more than 300 points, enough to eliminate all of its gains for the […]
Profits Soaring After Disgrace at Cohen’s Hedge Fund
NYTimes – Three months after his once-powerful hedge fund entered a guilty plea to insider trading charges, Steven A. Cohen is doing quite well. This summer, Mr. Cohen and his family rented a yacht off the Greek islands for a […]
Blackstone Backs Black Rhino to Invest in African Infrastructure and Power Development
New York (HedgeCo.Net) – Global asset management firm Blackstone (BX) today announced that it has partnered with Black Rhino, an African infrastructure development company, to identify, develop, finance, construct and operate large-scale infrastructure projects across Sub-Saharan Africa with a focus […]
UK Banks Propose Holding Individuals Accountable For Failure
New York (HedgeCo.Net) – The behaviour and culture within banks played a major role in the 2008-09 financial crisis and in conduct scandals such as Payment Protection Insurance (PPI) mis-selling and the attempted manipulation of LIBOR, the Bank of England said when […]
Britain Upholds Ban of Defunct Hedge Fund’s Former Chief
NYT – A British tribunal has dismissed an appeal by Alberto Micalizzi, formerly chief executive of the defunct London hedge fund Dynamic Decisions Capital Management, who two years ago was fined and barred from working in the financial sector in […]