Monthly Archives: August 2011
City balance swings against the star traders
Star Telegram – The star commodities trader was lured from JP Morgan to much hullabaloo. There was anger over his two-year guaranteed bonus and the promise he and his team would pocket 15pc of all their profits. But mostly, because […]
Lawsuit says Hicks stole millions from Rangers
Telegraph – Former Rangers owner Tom Hicks was sued Monday by the team’s post-bankruptcy administrator, who says the wealthy Dallas investor “stole” tens of millions from the major-league franchise to acquire what are now highly lucrative parking lots near Rangers […]
Hedge Fund Managers Blast ‘Self-Serving’ Buffett
President Barack Obama and other Democrats have been applauding Warren Buffett for once again stirring up the debate over taxes. In an op-ed column in the New York Times on Monday, the self-righteous, falsely modest Omaha multi-billionaire called for a higher tax […]
11 Biotech Stocks Hedge Funds Love and Hate
CNBC – Hedge funds peeled back the curtain this week to reveal a bit about what biotech stocks they were buying and selling during the second quarter. Funds that manage more than $100 million are required to disclose their equity […]
UCITS Hedge Fund Strategy Index Award Nominees 2011
New York (HedgeCo.net) -After having launched the first index series to track UCITS funds applying hedge fund strategies back at the beginning of 2010, Swiss 2n20.com now will present yearly awards for outstanding UCITS hedge funds as well. The nominees […]
TABB Group Says US & European OTC Derivatives Reform Implementation Will Cause Data Levels to Surge as Much as 400%
The implementation of OTC derivatives market reform will cause data levels to surge as much as 400% above current levels, says TABB Group in new research published today. Electronic trading, clearing, reporting, risk management and other Dodd-Frank Act and European […]
Fund Of Hedge Fund Industry M&A Trending Upward
Sadis & Goldberg Update – The alternative investment industry, and specifically the fund-of-funds space, seems to have reached an inflection point, as demonstrated by the recent surge in M&A activity. Based upon conversations with our clients, we expect that this […]
Cantor Seeks Hedge Funds of Funds in Asset-Management Push
AP – A New York judge has rejected a request by lawyers for a one-time billionaire convicted in an insider trading case to reverse the jury verdict. Judge Richard Holwell (HAHL’-wehl) ruled Tuesday that evidence supported the conviction of Raj […]
Hedge fund group spent $1 million lobbying in 2Q
Forbes – A trade group representing hedge funds spent more than $1 million in the second quarter lobbying federal officials on new regulations that will expand disclosure requirements for the funds. The $1.03 million that the Managed Funds Association spent […]
Hedge fund giant Paulson & Co. dissolves stake in Boston Scientific
Mass Device – Paulson & Co. Inc. is Boston Scientific Corp.’s largest shareholder no more, after liquidating its position in BSX completely by selling off some 15 million shares of the Natick, Mass.-based medical device company during the second quarter. […]
Mega Hedge Fund Bets Big on Sirius XM Radio
SeekingAlpha – PG-Axon Management is a New York based hedge fund with more than $2.9 billion in reported long equity positions in U.S. listed stocks. The fund operates a concentrated portfolio of diverse names, including Sprint Nextel Corp., Mosaic Co. and […]
Paulson, Soros Pared Financial Stocks Last Quarter Before Losses
Bloomberg – Hedge funds run by John Paulson, George Soros and Steve Mandel cut back on bank shares in the second quarter, before Citigroup Inc. and Bank of America Corp. lost more than one-fifth of their value. Tudor Investment Corp. […]