Monthly Archives: August 2011
Hedge Fund Chief Economist To Speak at FINforums Conference
Press Release – Constance Hunter, Chief Economist of Aladdin Capital Management, said that Europe could recover more quickly if a “cathartic event” forced policy makers to make tough decisions sooner than later. Without a jolt to the system, she added, […]
Aurelius Seeks ISDA Credit Swaps Ruling on Energy Future Unit’s Solvency
Bloomberg – Aurelius Capital Management LP asked a derivatives industry group to determine whether a unit of Energy Future Holdings Corp. is insolvent, which would trigger payouts on $1.2 billion of credit-default swaps linked to the utility provider’s debt. The […]
How A Hedge Fund Reacts To A Hurricane: Trade Weather Derivatives!
Business Insider – While others were stockpiling water, flashlights, and board games in preparation for Hurricane Irene, the hedge fund Tudor Investment was crunching numbers. Paul Tudor Jones’ investment firm employs a weather derivatives analyst. Weather derivatives are fairly new, the […]
NC investor accused of fraud holds estate sale
Houston Chronicle – An attorney for the Securities and Exchange Commission sought an emergency court order Monday against a hedge-fund manager who has been selling off parts of his pricey home’s interior despite a freeze on his assets during a […]
Update: Cayman Hedge Fund Directors Fined For Neglect
New York (HedgeCo.net) – The Court of the Cayman Islands has found two hedge fund directors guilty neglecting their duties, fining them $111 million each. The hedge fund, Weavering Macro Fixed Income Fund, was found to have failed because of the directors’, […]
US lifts freeze on Libya’s UK hedge fund
The Independent – A $1bn Knightsbridge-based hedge fund backed by Libyan money has resumed trading in the US after its assets, frozen on the outbreak of the anti-Gaddafi rebellion, were released. The assets were among the first to be released of the […]
Macquarie-Led Group Makes Conditonal Proposal for Charter Hall Office REI
Bloomberg – Macquarie Group Ltd. (MQG) is leading investors in an offer to buy the shares of Charter Hall Office REIT (CQO) not owned by the trust’s manager, seeking a return to assets it offloaded 1 1/2 years ago. Australia’s biggest […]
Izzy Englander’s Millennium hedge fund up around 5% YTD
Opalesque – With just three trading days left in August, Israel (Izzy) Englander’s Millennium hedge fund is down 1% so far in August but up around 5% up YTD, according to information obtained by Opalesque. Last Friday, Opalesque reported (via […]
Black box hedge funds profiting from stock market falls, it is claimed
Investment International – Hedge funds run by sophisticated computer programmes are profiting from large falls in stock markets and a rocketing gold price this month, even as funds managed by human beings struggle to cope with high market volatility, it […]
Hedge Funds Boost Bullish Agriculture Bets as Corn, Soy Yields May Slump
Bloomberg – Speculators increased bullish bets on agricultural commodities to the highest level since early May after adverse weather eroded yield prospects for corn and soybean crops in the U.S., the world’s top grower and exporter. Hedge funds and other […]
Buffett move may rescue August for some hedge funds
Reuters – August was shaping up as one of the worst months ever for some top hedge fund managers like John Paulson, but Warren Buffett may have changed that. Buffett’s $5 billion investment in Bank of America Corp sparked a rally […]
RAB Founders Plan to Invest $30 Million in Firm’s Biggest Fund
Bloomberg – RAB Capital Plc founders Philip Richards and Michael Alen-Buckley will invest $30 million of their own money in the company’s biggest hedge fund so it doesn’t have to separate illiquid assets from other holdings. The investment increases the founders’ […]