Monthly Archives: August 2011
Citadel eager to sell i-bank unit, funds soar
Reuters – Hedge fund firm Citadel appears to be one of the industry’s few big winners during the market sell-off as it delivered strong returns and moved to shed non-core operations. Chicago-based Citadel’s two main funds were up 14 percent […]
The Global Hedge Fund Association Responds To Short Selling Bans
New York (HedgeCo.net) – The global hedge fund association, AIMA, has responded to the temporary short selling bans introduced by France, Italy, Belgium and Spain. “We do not think these bans will help the current market situation.” The Alternative Investment […]
Fake Hedge Fund Operator Gets 5 Years
Bloomberg – Benjamin Koifman, who pleaded guilty to conspiracy for his role in a scheme to cheat investors with a phony New York-based hedge fund, was sentenced to five years and three months in prison. Koifman and William Shternfeld ran […]
Louisiana pension funds may rue quick hedge fund deal
NOLA – Standing before the trustees of one of the state’s largest pension systems, Joe Meals began his pitch with an apology. Meals, the executive vice president and senior consultant of the Nashville firm Consulting Services Group, offered a new […]
Movers & Shakers: Sebastian Mallaby talks about hedge funds
Crain’s – The urge to close down a fund is always there because hedge funds are a high-stress occupation, and the moguls you mentioned have plenty of their own money. But leaving the business is hard. Soros tried to shut […]
Omega Hedge Fund Dumps Bank Stocks
TheStreet – Hedge fund manager Leon Cooperman is proving to be as prescient as David Tepper by dumping positions in bank stocks like Bank of America and Citigroup during the second quarter. Cooperman’s Omega Advisors, based in New York, reported […]
Do the Fed, computer trading, and a few hedge funds rule the market?
Slate – After the madness of last week and the rollercoaster at the beginning of this week, the stock market recovered from its Aug. 10 rout to bounce 423 points on Aug. 11. It was the fourth day in a row […]
Hedge Fund Managers To Speak At Zurich UCITS Alternatives Conference
New York (HedgeCo.net) – The first independent, two day conference solely focussing on topics related to alternative UCITS products – the UCITS Alternatives Conference 2011 – is taking place on the 19th & 20th of September 2011 in Zurich, Switzerland. The […]
New Hedge Fund Whitepaper: Increased Volatility, Increased Opportunity?
New York (HedgeCo.net) – A new white paper entitled, “Commodities Outlook: Increased Volatility, Increased Opportunity?” has been released by Credit Suisse’s Asset Management division. The paper examines the recent rise in the volatility of commodity prices within the context of […]
Wall Street’s Volatility Causes Investors to Consider Alternative Assets
SIOUX FALLS, S.D., Aug. 11, 2011 /PRNewswire/ — In just days investors have watched the Dow Jones Industrial Average descend from the 12,700 mark on July 21st to Monday’s close of 10,809. This has the financial world questioning traditional investment […]
Enron Billionaire Bankrolls California Advocate for Public Pension Changes
Bloomberg – John D. Arnold, a former Enron Corp. trader in Texas who became a billionaire by buying and selling natural gas, is bankrolling a group supporting changes to limit California’s pension-fund obligations. Arnold, who formed hedge fund Centaurus Advisors LLC […]
Europe curbs short-selling in financial stocks; move questioned
Reuters – A ban on short-selling financial stocks in four European countries including France takes effect on Friday, a coordinated attempt to restore confidence in markets hit by rumours and higher borrowing costs. France, Italy, Spain and Belgium imposed the ban, which […]