Monthly Archives: August 2013
A new four letter word in hedge fund industry
FierceFinance – Not too long ago, equity hedge funds pretty much had to offer some sort of “edge” to attract clients. In the wake of the SAC Capital insider trading scandals, the word has been defined more by the most negative […]
Hedge fund sells 19 million shares of Procter & Gamble
USA Today – Hedge fund manager Bill Ackman has sold two-thirds of his stake in Cincinnati-based Procter & Gamble – cutting his share in the company that he pressured to cut costs and replace its CEO. But in another financial […]
Apple a hedge fund target; Soros doubles stake
USA Today – Well-known investor George Soros has nearly doubled the size of his investment in Apple, the latest sign how the struggling stock is drawing big bets from celebrity investors. Just a day after investor Carl Icahn revealed his […]
Former SEC Director of Division of Investment Management Eileen Rominger Joins Hedge Fund Advisor CamberView
New York (HedegCo.Net) – Eileen Rominger, former Director of the Division of Investment Management at the United States Securities and Exchange Commission (SEC) and former Global Chief Investment Officer of Goldman Sachs Asset Management (GSAM), has joined CamberView Partners, LLC as […]
SS&C GlobeOp Brings Voice Recognition to its Fund Administration App
SS&C Technologies (NASDAQ: SSNC), a global provider of financial services software and software-enabled services, today announced SS&C GlobeOp has embedded a voice recognition assistant in its iPhone and iPad App for comprehensive mobile fund administration. With the new Siri-like voice […]
Eze Software Expands Mobile Platform with RealTick UltraLite
Eze Software Group, a premier provider of global investment technology, today announced the release of RealTick UltraLite™, a mobile trading platform for Apple, Android, and web browsers that extends the fundamental trading, market data, and risk management capabilities of the RealTick® EMS […]
Hedge funds deepen bets against gold in second quarter
Reuters – Hedge funds further abandoned gold in the second quarter of this year, lightening holdings of the world’s biggest gold exchange-traded fund SPDR Gold Trust as spot prices plummeted. JP Morgan Chase & Co cut its investment in the […]
Pro-Cuccinelli PAC gets $500,000 donation from New York hedge fund executive
Washington Post – A New York hedge fund titan has kicked in $500,000 to boost the campaign of Attorney General Ken Cuccinelli II against businessman Terry McAuliffe, the latest sign that the Virginia governor’s race will be a magnet for […]
Blackstone and Fidelity offer hedge fund taste to retail crowd
Reuters – Blackstone Group LP, one of the world’s biggest hedge fund investors, said on Monday Fidelity Investments is a strategic partner in giving retail investors a taste of the normally exclusive world of hedge fund investing. Boston-based Fidelity’s Portfolio […]
Former Goldman Sachs Managing Directors Plan Asia Hedge Fund
Bloomberg – Three former managing directors of Goldman Sachs Group Inc. (GS)’s Japan business plan to start an Asia multi-strategy hedge fund early next year, according to two people with knowledge of the matter. Koji Gotoda and Takayuki Kasama have […]
Steinway agrees $512m private sale to hedge fund
BBC – Steinway Musical Instruments, the US company famous for its grand pianos, has agreed a buyout deal with hedge fund firm Paulson & Co. The deal values the firm at $512m (£330m) and trumps an earlier offer made by […]