Monthly Archives: August 2012
McGladrey Expands Northeast Hedge Fund Practice
New York (HedgeCoNet) – Hedge fund tax and consulting service provider, McGladrey LLP, announced the expansion of the firm’s financial services investment industry-focused practice in Connecticut and Westchester. Providing an extensive array of services to hedge funds and investment partnerships, fund of […]
Hedge Fund Tech: Total Return 2012
New York (HedgeCo.Net) – Hedge fund tech provider SS&C Technologies has announced the general availability of Total Return 2012, an update to SS&C’s portfolio and partnership accounting and reporting platform for hedge funds, funds of funds and family offices. “We […]
Hedge-fund bets jump to 15-month high on bull rally
Business Standard – Hedge funds boosted bets on rising commodities to the highest in 15 months, driving prices into a bull market as the US drought worsened and the Federal Reserve signaled it may take more steps to spur economic […]
Hedge Funds Are Getting Clobbered In 2012
Forbes – The hedge fund crowd is licking its wounds heading into the Labor Day weekend after getting clobbered by the market. As hedge funds look toward the homestretch of 2012 they will have to pull off a sector-wide miracle […]
How Ponzi Schemer Sam Israel Fell For Conspiracy Scam: Review
Bloomberg – In “Octopus: Sam Israel, the Secret Market and Wall Street’s Wildest Con,” Guy Lawson tells two tales. One is a diligently researched, lively account of ambition gone bad. The other, in the book’s second half, is a story […]
Risky Business: Fund Backs Filmmaker
WSJ – When a younger brother of once-highflying hedge-fund manager Alphonse Fletcher Jr. won a screenwriting Oscar in 2010 for the film “Precious,” he thanked his siblings, saying they “supported me in every way.” Now a legal battle for control […]
Dow Jones Credit Suisse Hedge Fund Index finished up 1.42% in July
New York (HedgeCo.Net) – The Dow Jones Credit Suisse Hedge Fund Index finished up 1.42% in July. A new monthly commentary offers insight into hedge fund performance through the month of July. Some key findings from the report include: Hedge […]
Laffer urges SEC on Money Market Mutual Funds: “Do No Harm”
PRNewswire – Proposed regulations by the U.S. Securities and Exchange Commission (SEC) on Money Market Mutual Funds (MMF) would have the effect of enriching the Federal Reserve and feeding the relentless borrowing demand of the federal government while harming individual investors […]
Hedge funds are betting on disaster
CNN -Hedge funds are betting on a disaster hitting the financial markets within the next several quarters, with managers holding onto historic levels of cash. That so-called dry powder gives them the cash they need to quickly jump in if […]
Only 11% of hedge funds outpaced the S&P 500 so far this year, says Goldman Sachs
Opalesque – In the week-ending 24 August 2012, Silk Road Management announced the launch of the Silk Road M3 Fund that will focus on Myanmar, Mongolia, and Mozambique; Eric Rosen, the co-head of UBS AG’s fixed-income, currencies and commodities business for the Americas […]
While GOP opposes gay marriage, key donors fund the other side
Washington Post – Billionaire hedge fund manager Paul E. Singer is one of the Republican Party’s most important money men, raising millions for presidential candidate Mitt Romney and giving even more to a super PAC supporting his campaign. But Singer […]
Dollar Loses Hedge Fund Bulls as Risk Drops Among G-10 Nations
BusinessWeek – Hedge funds and large speculators are abandoning bets on a stronger dollar at the fastest pace ever amid growing confidence in the global economy. Futures contracts favoring gains in the U.S. currency surged to the most on record […]