Monthly Archives: August 2012
Hedge Fund Tech Provider Launches New Brand: SS&C GlobeOp
New York (HedgeCo.Net) – Cloud-based software provider for the hedge fund industry, SS&C Technologies Holdings, Inc., has launched a new corporate brand, including a new logo and corporate slogan: “Don’t Wonder. Know. Anything. Anytime. Anywhere”. The SS&C Fund Services and GlobeOp business […]
Hedge funds bet on oil spike as Israel attack fears grow
Cairo – Hedge funds are quietly laying new bets on a potential spike in oil prices tied to the possibility of an Israeli attack on Iran, skewing the options market to a bullish bias for the first time in six months. […]
Paulson, Soros upped gold holdings last quarter
MarketWatch – Hedge-fund managers John Paulson and George Soros boosted their gold holdings during the second quarter, a sign that some high-profile investors were still banking on higher prices for the precious metal despite its lackluster performance this year. John […]
World’s Largest Hedge Fund To Get Up To $115M In State Assistance
Hartford Courant – The world’s largest hedge fund, Bridgewater Associates of Westport, announced an ambitious expansion plan Wednesday that includes building a new headquarters and nearly doubling its staff in the next decade, all with generous state help — up […]
Co-founder Rokos to leave hedge fund Brevan Howard
Reuters – A co-founder of Brevan Howard, one of the world’s biggest and most successful hedge fund managers, is leaving the firm this month. Chris Rokos, a star trader on the firm’s $25 billion flagship Master fund and who has […]
Cablevision Says Tribune And Hedge Fund Owners Should Stop Anti-consumer Demands
RTTNews – Cablevision Systems Corp. issued a statement regarding the blackout of WPIX and other Tribune Company-owned stations on Cablevision. In the statement, Cablevision Systems said that Tribune and their hedge fund owners are demanding tens of millions in new fees […]
Hedge fund to move to Stamford, create more jobs
CBS – Connecticut will be giving up to $115 million in state aid to support a hedge fund’s plans to build a new corporate headquarters in Stamford and create up to 1,000 jobs within 10 years, Gov. Dannel P. Malloy […]
Hedge funds bet on Obamacare
CNN – Hedge fund manager Dan Loeb, once a supporter of President Obama, is now a critic. But he appears to think the president’s health care plan will be a boon for health insurers. And he’s not alone. Loeb and […]
Hedge fund titan goes big on Brazil ETF
Nasdaq – Prominent hedge fund manager Ray Dalio runs Bridgewater Associates, a $120 billion hedge fund. Close attention is paid to his buys and sells, and Dalio’s most recent SEC filing revealed an acute interest in the Brazil ETF. Dalio […]
Connecticut Aids Bridgewater Hedge Fund To Build New HQ
Bloomberg – Bridgewater Associates, the world’s biggest hedge fund, agreed to build a $750 million headquarters in Stamford, Connecticut, financed in part with tax breaks from the state. The company, founded by Raymond Dalio, operates out of five buildings in […]
Absolute Return Ranks Biggest Hedge Fund Launches For H1 2012
New York (HedgeCo.Net) – 33 hedge funds raised $10.4 billion in the first half of the year, Absolute Return reports, that’s half of the amount raised in the first half of 2008. Some key points include: · Half of the total came from a single launch […]
US Treasury appoints two directors to Ally Financial board
Business Recorder – The US Treasury Department on Wednesday named two directors to the board of Ally Financial Inc, the auto lender which is still 74-percent owned by the US government after a series of bailouts during the financial crisis. […]