Monthly Archives: August 2013
Looks Like Hedge Fund Manager Daniel Loeb Posted Another Taunting Message On His Bloomberg Terminal
SF Gate – Outspoken hedge fund manager Daniel Loeb, the founder of Third Point LLC, has left another taunting message on his Bloomberg terminal MSG9 (“message 9”) line. From Loeb: “Never interfere with an enemy when he is in the process […]
The 20-Year Performance Of Hedge Funds And The S&P 500 Are Almost Identical
Business Insider – Hedge funds continued to underperform the overall US equity market this year. In the first six months of 2013, the S&P500 index is ahead of the CS Hedge Fund Index by over 10%. That is not entirely […]
Tax clampdown hits UK hedge fund LLPs
Risk.net – Changes in UK taxation rules coupled with restrictions on employee remuneration in the AIFMD could lead to higher costs and some complications for hedge fund limited liability partnerships (LLPs). HM Revenue & Customs (HMRC), the UK tax authority, […]
UK Hedge Fund Manager Fighting US Extradition
New York (HedgeCo.Net) – The head of fake hedge fund, Benchmark Asset Management, is fighting against an extradition order stemming from the £12 million ($18.5 million) that he allegedly misappropriated from approximately 50 investors. Mark Duchesne used his investors’ money to buy […]
How Hedge Funds Can Effectively Advertise
Forbes – Hedge funds, private equity companies and other firms can now advertise. While these firms will be allowed to advertise on television and through the Internet, they can still only provide their investment products to “accredited investors.” That means […]
Groups question openness of RI hedge fund records
AP – Four government watchdog groups are criticizing Rhode Island Treasurer Gina Raimondo for withholding details about the state’s investments in hedge funds. The state affiliates of the American Civil Liberties Union and Common Cause, as well as the Rhode […]
Deere, GPS makers sued by hedge fund
Chicago Tribune – Hedge fund Harbinger Capital, led by billionaire Phil Falcone, has sued Deere & Co. and GPS makers for $1.9 billion in damages in an effort recoup its investment in bankrupt wireless company LightSquared, court papers show. LightSquared […]
Hedge Fund GSO Scores Win With MBIA Bet
WSJ – When MBIA Inc. and Bank of America Corp. agreed in May to settle a four-year-old lawsuit, traders at GSO Capital Partners erupted in cheers. The agreement gave the New York hedge fund owned by Blackstone Group LP a […]
Former Hedgie/Madam Arrested For Selling Drugs
New York (HedgeCo.Net) – Now for some weird news: Preet Bharara announced the arrest of Kristen Davis, a former hedge fund administrator who spent four months in prison for running a prostitution ring. She is also running against Eliot Spitzer as a […]
U.S. SEC Won’t Move Against Magnetar Over Mortgages
Reuters – The U.S. securities regulator has decided not to file civil charges against hedge fund firm Magnetar Capital LLC over its role in helping create mortgage securities that lost value during the financial crisis, the Wall Street Journal reported. […]
Winton escalates computer-driven hedge fund arms race
TradeArabia – Winton Capital, one of the world’s biggest hedge fund firms, has developed a new model of its flagship fund, hoping its greater allocation to equities and risk will produce better returns in a sector struggling to make money. […]