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 […]
BHA Hedge Fund Investor Research
New York (HedgeCo.net) – Despite fears over the European debt crisis, many investors ramped up their hedge fund allocations during the second quarter, according to the Brighton House Associates Q2 2011 Research Report. Wealth advisors were among those who increased […]
Soros serves as warning to mutual-fund investors
MarketWatch – There was a lot of speculation this week about the reasons why legendary money manager George Soros is shutting down his hedge fund and sending investors their money back. Some said the 80-year-old Soros — who has run […]
Indonesian Businessman Sues Citibank Singapore for $17 Million
Jakarta Globe – An 88-Year-Old Indonesian businessman has sued Citibank for at least US$17 million (S$20.5 million) after he suffered investment losses. Ie Seng Hoan, who is in the textile business, is suing through his investment vehicle, Zhen Yin Company, which […]
Diggle’s New Hedge Fund Bets on Volatility as Crisis Shifts to Public Debt
Bloomberg – Stephen Diggle, the Singapore-based hedge fund manager who made $2.7 billion for investors as markets see-sawed in 2007 and 2008, is betting on price swings in government debt, currency and commodity markets amid concern that the debt crises […]
Don Steinbrugge On The Health Of The Hedge Fund Industry
Bloomberg – In a interview with Lisa Murphy of Bloomberg Television’s “Fast Forward,” Don Steiebrugge, managing partner of Agecroft Partners LLC., spoke about the health of the hedge fund industry and areas of the market most sophisticated investors are focused on. […]
Statement for the Treasury Borrowing Advisory Committee of the Securities Industry and Financial Markets Association
John Bellows: Acting Assistant Secretary for Economic Policy – Economic growth moderated in the first half of 2011. The advance estimate by the Bureau of Economic Analysis (BEA) is that real GDP rose by 1.3 percent at an annual rate […]
Pro-Romney group raises $12M
Bloomberg – A new “super” political action committee supportive of former Massachusetts Gov. Mitt Romney has raised more than $12 million, drawing on big-dollar donations to help the former Republican governor in his bid for the White House. The Restore […]
Paul Marino to Moderate Hedge Fund Boot Camp Event During Alternative Asset Summit
Benzinga – Paul Marino of Marino + Associates PC, will speak at the Alternative Asset Summit being held October 12-14, 2011, at the Palazzo Resort Hotel Casino in Las Vegas. He will also moderate the conference’s Hedge Fund Boot Camp […]
Hedge fund lifts stake in Pyne Gould Corporation
BusinessDay – Californian hedge fund Baker Street Capital has lifted its holding again in Pyne Gould Corporation to nearly 12 per cent. The hedge fund manager is saying nothing about its intentions towards PGC, where it has aggressively built a substantial […]
Hedge Fund Giant Bill Miller’s Abrupt Fall From Grace
Advanced Trading – Until 2005 famed hedge fund manager Bill Miller had the Midas touch, beating the S&P 500 index for 15 consecutive years while running Legg Mason Capital Management Value Trust. But times have changed for the 61-year-old head […]
Jana, Ontario teachers buy stake in McGraw-Hill
BusinessWeek – Activist hedge fund Jana Partners said Monday that it has teamed up with the Ontario Teachers Pension Plan Board to buy a 5.2 percent, $531 million stake in textbook publisher McGraw-Hill Cos., saying the shares were undervalued and […]