Monthly Archives: August 2012
UBS Starts Unit Providing Services For Quantitative Hedge Funds
Bloomberg – UBS AG is starting a unit aimed at attracting clients among quantitative hedge funds, combining services from its prime brokerage and direct-execution trading businesses. Scott Stickler in New York will be global head of the operation, called UBS […]
Hedge fund wants Spokane’s Clearwater Paper sold in parts
The Seattle Times – Hedge fund titan Steven A. Cohen wants the board of Clearwater Paper to separate the Spokane-based company’s consumer products from its pulp and paper operations so either or both can be sold off, according to a […]
Kodak bondholder asks trustee to probe patent bidding
Reuters – A New York hedge fund that owns bonds of bankrupt Eastman Kodak EKDKQ.PK has asked the U.S. Trustee to probe the company’s patent auction because it was concerned about the “unusually secretive” bidding process, Bloomberg reported. Kodak, which […]
Hedge Fund Fraud: Whitman Joins the Ranks of Rajaratnam Guilty Verdicts
New York (HedgeCo.Net) – The manager of a $100 million hedge fund, Doug Whitman, has been convicted of insider trading. “Douglas Whitman now joins the grim procession of convicted Wall Street professionals who decided that the rules don’t apply to […]
Nominations: 2012 Canadian Hedge Fund Awards
New York (HedgeCo.Net) – Canadian hedge funds are due to submit their data to be considered for the Fifth Annual Canadian Hedge Fund Awards, sponsored by KPMG. The winners will be announced on 30 October, but the judges will be meeting in […]
Report: Secondary Market Hedge Fund Trading Interests to Grow 125% to $146 Billion
New York (HedgeCo.Net) – A new survey by hedge fund tech provider Simplify LLC., reports that the secondary market, where investors historically went to trade their illiquid holdings in hedge funds, private equity and other alternative investments, is increasingly a source of […]
Strategic partnership is New Jersey Division of Investment’s newest move
Pensions & Investments – In two years, Timothy M. Walsh has taken the New Jersey Division of Investment to the third phase of its hedge fund investment evolution: a true strategic partnership with one of its first hedge fund managers. Only a few institutional […]
Cheyne’s listed hedge fund builds cashpile as July purchases yield 10%
Investment Europe – Cheyne Capital’s listed Real Estate Credit Investments hedge fund has increased cash holdings to take advantage of market dislocations, as it harvests some attractive profits from a similar strategy it pursued in difficult markets about a year […]
Hedge funds and institutions split over future growth of China GDP
Hedge Funds Review – Hedge fund managers and institutional investors are undecided on what China’s GDP growth will average over the next year. Over a third say it will be under 6%. A third expect it to be 7%-8%. More […]
Hedge Fund Taking Control Of Young Broadcasting
TV News Check – A hedge fund that has been buying up stakes of post-Chapter 11 Young Broadcasting and its 11 TV stations in 11 markets has filed with the FCC to become the majority owner. Standard General is a […]
India gets first domestic hedge fund in Forefront
FC – India has just got its first hedge fund, with the Mumbai-based Forefront Alternative Investment Trust registering itself with the Securities and Exchange Board of India (Sebi) under the new alternative investment funds rules, which were notified in May. […]
100 Women in Hedge Funds to give Carlyle co-CEO David Rubenstein its 2012 Effecting Change Award
Opalesque – 100 Women in Hedge Funds (100WHF), a leading non-profit organization for professionals in the Alternatives industry, today announced that it has named David M. Rubenstein as the recipient of its 2012 Effecting Change Award. Mr. Rubenstein will receive […]