Monthly Archives: August 2013
UBS to Pay $50 Million to Settle SEC Charges of Misleading CDO Investors
The Securities and Exchange Commission today charged UBS Securities with violating securities laws while structuring and marketing a collateralized debt obligation (CDO) by failing to disclose that it retained millions of dollars in upfront cash it received in the course […]
Sony Rejects Hedge Fund Proposal
New York (HedgeCo.Net) – Sony Corp has rejected Daniel Loeb’s idea for a spinoff of part of Sony’s entertainment arm that would have included a Hollywood movie studio and music business. The board unanimously rejected the deal. “The Sony board of directors […]
Hedge Funds Have Never Been More Crowded Into The Oil Trade
Business Insider – West Texas Intermediate (WTI) crude oil futures are up an impressive 27.2% in just the last 9 months. After hitting a high of $108.93 a barrel on July 19, the long-oil trade took a breather, but last […]
Tepper’s Short Hills hedge fund turns 20, but the real party is the returns: report
If you invested $1 million in David Tepper’s hedge fund 20 years ago, how much would you be worth today? How about $149 million? That’s what Appaloosa Management, the hedge fund that Tepper founded in 1993, has told its investors, […]
Palladium Shortages Spur Bullish Hedge-Fund Wagers: Commodities
Bloomberg – At a time when gold and silver are tumbling the most in three decades, hedge funds are holding a near-record bullish bet on palladium as forecasters from Morgan Stanley to Credit Suisse Group AG predict years of shortages. Demand will […]
First Trust Rolls Out Managed Futures Fund (FMF)
ETF Database – Amid the calm trading environment, several issuers beefed up their product lineups last week, including the launch of the first ever city-based fund; the Nashville Area ETF offers a truly unique strategy that takes the theme of “targeted exposure” to […]
Largest U.S. hedge funds have $1.47tln in net assets and $1tln in borrowings, says SEC: hedge fund news, week 31
Opalesque – In the week-ending 02 August 2013, it was reported that Alpinvesta had launched a fund of managed futures funds investment program; Consilium revealed its plan to launch its third buyout fund; former oil and natural gas trader Jonathan Goldberg will launch a […]
Hedge Fund Association Appoints Industry Leaders Juan Garrido and Les Baquiran Co-Directors of LatAm Chapter
Fort Mill Times – The Hedge Fund Association announced today new regional leadership appointments that demonstrate the HFA’s enduring commitment to growth and diversity. Victor Hugo Rodriguez, the first director of the HFA’s LatAm Chapter, is passing the reins to […]
Will Rhode Island’s big bet on hedge funds pay off?
Providence Journal – A few weeks ago, New York billionaire hedge fund trader Daniel Loeb, who has $66 million in Rhode Island state pension funds, made nearly 10 times that when he sold 40 million shares of Yahoo stock, two […]
Why hedge funds run by idiots can do well. For awhile.
Washington Post – Rich? Bored? Unable to find a job because of “Obama”? Then tap into your inheritance and start a hedge fund, bro! That, at least, is the plan of this charmer, whose recruiting e-mail to his frat brothers […]
Hedge Fund Urges EADS to Sell Dassault Stake
NYT – EADS, the parent company of Airbus, confirmed on Monday that it had received a letter from an influential shareholder urging it to sell its 46 percent stake in Dassault Aviation, the French maker of the Rafale fighter and the […]