Monthly Archives: August 2011
Australian stockmarket capitulates as hedge funds dump bank stocks
WSJ – The Australian sharemarket dived to a 13-month low in volatile trading today despite Wall Street’s rise on hopes of further monetary stimulus measures by the US Federal Reserve. Offshore hedge funds were heavy sellers of Australian banks, while […]
Fortress earnings drop, but dividend reinstated
Reuters – Fortress Investment Group LLC, one of the few publicly traded hedge fund and private equity companies, posted weaker-than-expected second-quarter results. The company also reinstated its dividend after three years without one and said it had changed the pay […]
MKP Opportunity Fund Gained 1.8% In July
Dow Jones – Hedge-fund manager MKP Capital Management, LLC’s global macro fund rose a net 1.8% in July, bringing year-to-date gains to 4.62%, according to a person familiar with the matter. While the final tally for the hedge-fund industry is […]
India hedge funds see mild negative outflow
CNBC – Taking cues from the plunging US market, the Indian market opened on a weak note on Friday. Experts feel that the domestic market is likely to remain less volatile even if the US market breaks down further. However, hedge […]
Rubicon Takes Own Hedge Fund Managers to Court
New York (HedgeCo.net) – London hedge fund Rubicon Fund Management LLP have issued legal proceedings against two of its former fund managers, Santiago Alarco and Tim Attias. Also included in the legal action is Catherine Cripps, who was an Investment […]
Hedge Fund Project LightSquared Teams Up With PowerNet Global
New York (HedgeCo.net) – Hedge fund manager, Philip Falcone’s wireless broadband and satellite network, LightSquared, and PowerNet Global, a US provider of telecommunications services, today announced that they have entered into a multi-year wholesale agreement. “We are very pleased to provide […]
Hedge fund manager Skowron might plead guilty
Reuters – Former FrontPoint Partners hedge fund manager Dr. Joseph “Chip” Skowron might be preparing to plead guilty, a court filing showed on Tuesday. Skowron, who is free on $6 million bail, was one of the more prominent investors to […]
Investing in Hedge Funds with ETFs
Investing Daily – According to the limited publicly available information on hedge fund performance, 2011 has been a less-than-stellar year for the industry. The Barclay Hedge Fund Index–which is maintained by a private company not affiliated with Barclays Bank–shows that […]
Ex-Maverick Mehta’s Steadview eyes $100 mln after 92 pct return
Reuters – Steadview, a hedge fund seeded by former Goldman Sachs (Asia) chairman Mark Schwartz, sees its assets tripling to $100 million in the next year as its strong performance is expected to draw investors, founder Ravi Mehta said. The […]
Bank of America CEO Moynihan to appear before hedge fund investors
Fierce Finance – Like politicians who feel they do not get a fair deal from the media and try to go straight to the public, will more executives try to bypass analysts and go straight to investors? It’s common for […]
US hedge fund ups PGC stake
Business day – Californian hedge fund Baker Street Capital has leaped to 19.78 per cent ownership of old Canterbury firm Pyne Gould Corporation this afternoon. The hedge fund, formed in 2009 and based in Los Angeles, has been building a stake […]
CT swindler accepts lifetime ban
Hartford Business – Admitted Ponzi swindler Francisco Illarramendi has agreed to a permanent ban from the securities industry, authorities say. The Securities and Exchange Commission announced Wednesday its acceptance of Illarramendi’s offer to agree to the lifetime ban. The New Canaan […]