Monthly Archives: August 2013
Business roundup: Pneumatic people mover; hedge fund woes
Washington Post – An affiliated fund of Steven A. Cohen’s SAC Capital Advisors shut down last week as the $14 billion hedge fund begins to shrink in the wake of a criminal indictment filed against it in July, according to […]
Hedge Funds as Diversifiers in Institutional Portfolios
Commonfund announced the release of the white paper, “Hedge Funds as Diversifiers in Institutional Portfolios” authored by members of its Hedge Fund Strategies Group, Kristofer Kwait, Managing Director, Head of Hedge Fund Research, John Delano, Director, and Justin Santana, Director. While investors […]
Hedge-Fund Industry’s Dell Stake Tripled in Last Quarter
Bloomberg – Hedge-fund managers almost tripled their holdings of Dell Inc. (DELL) common shares in the second quarter while traditional mutual-fund firms cut their stakes in the computer maker, a trend that could boost Michael Dell’s bid to take his […]
Third Point Reinsurance Shares Open Flat in Debut
HedgeWorld – Shares of Third Point Reinsurance Ltd. hovered around their offer price on the first day of trading, valuing the property and casualty reinsurer at about $1.27 billion. About 3.4 million shares changed hands by 9:53 a.m. EDT, making the stock […]
Atalaya Capital Continues Growth
New York-based Atalaya Capital Management LP, an alternative investment firm primarily focused on investing in credit opportunities, has closed its fifth special opportunities fund offering to a new and existing primarily institutional investor base. Atalaya Fund V will seek to […]
A Leg To Stand On’s (ALTSO’s) Hedge Fund Rocktoberfest – NYC
Hedge Fund Rocktoberfest, the annual fundraiser for children’s charity A Leg To Stand On (ALTSO), will celebrate its 10th anniversary on Wednesday, October 23 at Capitale on 130 Bowery in New York City. Hedge fund industry professionals will perform rock […]
SEC Freezes Assets Of Hedge Fund Davian Capital
New York (HedgeCo.Net) – The SEC has charged Ohio hedge fund manager Anthony Davian with misappropriating more than $1 million from investors in funds managed by his company, defendant Davian Capital Advisors, LLC. In July 2008, Davian formed Davian Capital, an […]
SEC Charges Two J.P. Morgan Traders With Fraudulently Overvaluing Investments to Conceal Losses
The Securities and Exchange Commission today charged two former traders at JPMorgan Chase & Co. with fraudulently overvaluing investments in order to hide massive losses in a portfolio they managed. The SEC alleges that Javier Martin-Artajo and Julien Grout were […]
The Credit Suisse Hedge Fund Index Finished up 0.88% in July
The Credit Suisse Hedge Fund Index (the “Broad Index”) finished up 0.88% for the month of July. Performance for the Broad Index and its 10 sub-strategies is calculated monthly. June, July and YTD 2013 performance numbers are listed below and […]
Hedge Fund Clone ETF Surpasses $100M In Assets
Benzinga – Hedge fund replication ETFs have been criticized by some as being gimmicky. The ones offering exposure to stocks that appear in 13F filings have been assailed as gimmicky and criticized for the obvious risk of the 13Fs not […]
The gray art of not quite insider trading
CNN – “We used to be able to talk to investigators on drug trials,” says Source A, a hedge fund portfolio manager. Like all the analysts, research directors, and portfolio managers who cooperated for this article, Source A requested anonymity. […]