Monthly Archives: August 2011
HedgeMark Hires Three Hedge Fund Specialists: Dubrovay/Houlihan/Kakalios/
New York (HedgeCo.net) – HedgeMark International, LLC., announced today that Jaeson Dubrovay has been named Managing Director, Portfolio Solutions and Kristoffer Houlihan has been named Managing Director, Portfolio Risk Solutions. Stephanie Kakalios joins HedgeMark as Director of Project Management. “A key […]
Soros Makes Wholesale Changes to Fund
TheStreet – Legendary investor George Soros, 81 years old, had a wild second quarter as his $5.6 billion hedge fund added 198 new stocks and sold out of 348 in what turned out to be a wholesale reshuffling of his […]
One-third of Nordic investors to increase hedge fund exposures
Global Pensions – Nordic investors are continuing to show optimism in hedge funds with nearly a third planning to increase their exposure this year to strategies like global macro, event driven and long/short funds, a new report shows. The SEB […]
Pennsylvania Man Pleads Guilty to Role in $17.6 Million Investment Fraud
Bloomberg – A Pennsylvania man admitted to his role in a $17.6 million Ponzi scheme that defrauded more than 260 investors. Robert Stinson Jr., 56, of Berwyn, pleaded guilty in federal court in Philadelphia today to 26 charges, including wire fraud, mail […]
Cohen’s SAC Capital Takes Position In Gold ETF; Bulks Up On Apple
Barron’s – Hedgie Steven Cohen’s SAC Capital Advisors has disclosed in SEC filings that it has opened a new position in options on the SPDR Gold Trust (GLD). The investment means one of the industry’s biggies has made a bet […]
Hedge Fund Acquisitions: Alaris/Concept Capital Markets
New York (HedgeCo.net) – Alaris Trading Partners, LLC has been acquired by Concept Capital Markets, LLC. “Bringing our two companies together will allow us to capitalize on each other’s best practices, enhance our already high level of customer service, and provide our […]
Dow Jones Credit Suisse Core Hedge Fund Index: Hedge Funds Hold Their Own in August
In one whiplash inducing week on Wall Street, markets have experienced some of the most extreme consecutive pricing swings on record, ultimately resulting in a 13.6% loss for the Dow Jones Global Index month-to-date (through August 10th). However, according to Oliver Schupp, […]
Warren Buffett: Stop Coddling the Super-Rich
NYT – Our leaders have asked for “shared sacrifice.” But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting. They, too, were left untouched. While the poor and […]
UK Hedge funds banned for flagrant deception
Telegraph – Michiel Visser and Oluwole Modupe Fagbulu, who ran Mercurius Capital Management, were fined £2m and £100,000 respectively and banned from working in regulated financial firms. The financiers managed €35m for 20 investors between June 2006 and January 2008 […]
Paulson’s 10 Best New Investment Ideas
TheStreet – Paulson & Co. founder John Paulson has endured a tumultuous year as his hedge fund has fallen more than 30%. The billionaire investor is seeking to rebound with new investments in companies including News Corp. and Mosaic. After […]
Nanotech Hedge Fund Investor Gets $11 Million Funding by U.S. Department of Energy
New York (HedgeCo.net) – Hedge fund investor Nanostart’s holding Nanosys Inc. has received funds from the U.S. Department of Energy (DOE), as part of the DOE’s larger mission to accelerate the development and deployment of advanced vehicle technologies through targeted […]
Private Equity Activity Remains Steady in Second Quarter
Private equity activity continued at a steady pace in the second quarter of 2011, according to the Private Equity Index (PE Index) released today by the Private Equity Growth Capital Council (PEGCC). As of June 30, 2011, the PE Index […]