Monthly Archives: August 2013
Pro-Booker PAC propelled by hedge fund money
PublicIntegrity.org – Despite Newark Mayor Cory Booker’s status as the overwhelming favorite to win Tuesday’s Democratic U.S. Senate primary election in New Jersey, a super PAC spent more than $500,000 supporting his candidacy, records show. More than half of the […]
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 incorporated Golvis Investment Pte in Singapore, said […]
Blackstone and Fidelity offer hedge fund taste to retail crowd
(Reuters) – Blackstone Group LP (BX.N), 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 Advisory […]
Hedge Funds Trim Gold Bets on Stimulus Speculation
(Bloomberg) Hedge funds cut bullish gold bets by the most since June amid speculation about whether the Federal Reserve will begin trimming its monthly bond purchases. Money managers cut their net-long position by 27 percent to 48,103 futures and options […]
Fraud victim hedge fund gets $33 million in art
(Newsday.com) Eighteen contemporary artworks valued at $33 million have been transferred to a hedge fund victimized in a massive $400 million fraud scheme, the Manhattan U.S. attorney’s office said Monday. The works by such boldface artists as Andy Warhol, Mark […]
Hennessee Hedge Fund Index gained +1.82% in July
New York (HedgeCo.Net) – New York, NY – Hennessee Group LLC announced today that the Hennessee Hedge Fund Index gained +1.82% in July (+6.91% YTD), whilethe S&P 500 gained +4.95% (+18.20% YTD), the Dow Jones Industrial Average increased +3.96% (+18.28% YTD), and the NASDAQ Composite Index rose +6.56% (+20.10% […]
Hedge Fund People: Gordon Elliot Named COO of AxiomSL
New York (HedgeCo.Net) – Former managing director at UBS and Barclays Capital, Gordon Elliot, has been named COO of hedge fund regulatory reporting, compliance and risk management firm Axiom Software Laboratories, Inc. In the newly-created position of Chief Operating Officer, Elliot will […]
Hedge Fund Seeder Investcorp Applauds Prosiris On Surpassing $1 Billion In Assets
New York (HedgeCo.Net) – Hedge fund giant Investcorp has struck gold again by seeding Prosiris Capital Management LLC, a credit-oriented investment manager founded by Reza Ali. Prosiris has now surpassed $1 billion in assets under management, Investcorp provided Prosiris with an initial seed […]
Hedge Funds Rebound After June Loss
Hennessee Group LLC announced today that the Hennessee Hedge Fund Index gained +1.82% in July (+6.91% YTD), while the S&P 500 gained +4.95% (+18.20% YTD), the Dow Jones Industrial Average increased +3.96% (+18.28% YTD), and the NASDAQ Composite Index rose […]
Martin Currie Reports First Loss in 132 Years on China Fund
Bloomberg – Martin Currie Investment Management Ltd., an Edinburgh-based fund manager, posted a loss last year for the first time since it was founded in 1881 after clients withdrew money amid misconduct at a China fund. The fund manager had […]
Piquant Technologies becomes first AIFMD compliant UK hedge fund
Investment Europe – Global professional services firm Kinetic Partners has supported Piquant Technologies LLP, a new UK-based quantitative fund manager, to become the first hedge fund authorised according to the Alternative Investment Fund Management Directive (AIFMD). The directive, which came […]
Hedge Funds Trim Gold Bets on Stimulus Speculation
Bloomberg – Hedge funds cut bullish gold bets by the most since June amid speculation about whether the Federal Reserve will begin trimming its monthly bond purchases. Money managers cut their net-long position by 27 percent to 48,103 futures and options by […]