Monthly Archives: August 2012
Brevan Howard Raising Money in U.S. for Currency Hedge Fund
Bloomberg – Brevan Howard Asset Management LLP, Europe’s second-largest hedge fund, is looking to the U.S. to raise money for a three-year-old investment pool focused on currencies. London-based Brevan Howard filed an Aug. 9 private- placement notice with the U.S. Securities and […]
Hedge Fund People Moves: Matt Auriemma Joins HighWater
New York (HedgeCo.Net) – Cayman-based hedge funds corporate governance service provider, HighWater Limited, is expanding to New York. Matt Auriemma, who will be based in New York, joins as a Principal of HighWater, providing independent director services to investment funds, mostly hedge funds and other […]
Man overrides machine to tackle low bond yield risk
Reuters – Man is overriding machine in the computer hedge fund industry, with some managers no longer ready to accept “black box” trading strategies blindly as government bond yields in the likes of the United States and Germany hit ultra […]
Top hedge funds reduce exposure to big banks
FN – Some well-known money managers reported significantly reduced stakes in big banks, including JP Morgan Chase and Goldman Sachs as well as food companies such as Kraft Foods in the second quarter. Billionaire investor George Soros’s Soros Fund Management […]
Brevan Howard Looks To U.S. To Raise Money For Currency Fund
Bloomberg – Alan Howard’s Brevan Howard Asset Management LLP, Europe’s second-largest hedge fund, is looking to the U.S. to raise money for a three-year-old investment pool focused on currencies. London-based Brevan Howard filed an Aug. 9 private- placement notice with the U.S. Securities […]
U.S. hedge fund managers looked to banks in 2nd quarter
Reuters – The flavor of the second quarter for big U.S. money managers was banks, including Citigroup Inc and Genworth Financial Inc, and healthcare stocks such as Aetna Inc, Cigna Corp and HCA Holdings Inc. Hedge funds Eton Park Capital, Kynikos […]
George Soros, Coleman among hedge fund fans of Facebook
Economic Times – As dozens of top hedge funds disclosed their second-quarter stock holdings on Tuesday, few reported owning shares in slouching social network FacebookInc. George Soros, Steve Cohen’s SAC Capital Advisors and John Thaler’s JAT Capital Management were among the few that disclosed owning Facebook stakes […]
SS&C GlobeOp Hedge Fund Performance Index: Gains For Hedge Funds In July
New York (HedgeCo.Net) – SS&C GlobeOp announced that its Performance Index for July measured 1.42%. Year-to-date performance stands at 5.74% (gross). The figure shows continued gains for hedge funds this year. Highlights include: · Current month, flash estimate 1.42%* · […]
Hedge Fund Launch: Emerging Market Managed Account Platform
New York (HedgeCo.Net) – InfraHedge, a subsidiary of State Street Corporation, has been chosen by Milltrust International Group for the launch of its Emerging Markets Managed Accounts (EMMA plc) platform. The fund has launched with three sub funds managed by […]
Hedge Funds Have $74 Billion As Europe Fire Sale Delayed
Bloomberg – Hedge funds and private-equity firms have amassed an unprecedented 60 billion euros ($74 billion) to invest in distressed debt in anticipation that Europe’s sovereign-debt crisis will push banks into the biggest fire sale in history. The problem is few […]
Hedge Fund Managers Bet on Ryan
The Fiscal Times – Some of the nation’s top hedge fund billionaires, including many of the same financiers who are playing a major behind-the-scenes role bankrolling Republican presidential challenger Mitt Romney, helped finance Rep. Paul Ryan’s rise to prominence over […]