Monthly Archives: September 2014
Pensions stick with hedge funds despite CalPERS exodus
CNBC – A high-profile hedge fund exodus from a huge pension manager does not appear likely to spark a major movement. Pensions, investment consultants and other money managers at an industry conference this week dismissed the idea that the California […]
Argentina’s Fernandez meets with Soros
HedgeWorld – Argentine President Cristina Fernandez met on Monday [Sept. 22] with Argentina bondholder and billionaire financier George Soros, who is suing a U.S. bank caught in the middle of the country’s latest default. A spokesman for Soros said they […]
Hedge Funds Get Jostled by Inversions’ Jiggles
WSJ – Buying shares of Shire PLC has been one of the most popular hedge-fund bets of the year. It also has been among the most nerve-racking. Hedge funds Paulson & Co., Magnetar Financial LLC and Elliott Management Corp. are […]
Judge refuses to cut New York fund manager’s 40-year Ponzi sentence
Reuters – A federal judge rejected Westgate Capital Management LLC founder James Nicholson’s request to shorten his 40-year prison term for running a $140 million Ponzi scheme at his hedge fund firm, likening it to the much larger fraud run […]
Hedge Funds Circling Venezuela as Yields Top 15%: Andes Credit
NYT – Hedge funds are stepping in to fill a vacuum in Venezuela’s bonds as deepening concern the nation will default triggers an investor exodus. The debt, which suffered the worst selloff in emerging markets as Standard & Poor’s cut […]
Miliband’s war on hedge funds could damage City of London
Telegraph – Ed Miliband’s plans to wage war on hedge funds could be potentially more damaging to the City of London than even the financial transaction tax (FTT), senior banking sources warned on Tuesday night. The Leader of the Opposition […]
Hedge Funds Are Still Finding Love, Just Not at Calpers
NYT – I am here to defend the hedge funds, because, well, somebody has to. You could sense the glee in the air last week, when the enormous California state pension plan known as Calpers announced that it would eliminate […]
Hedge Fund Give $50 Million To Fund Breakout Artists
New York (HedgeCo.Net) – Fortress Credit Corp., an affiliate of $63.8 billion hedge fund manager Fortress Investment Group LLC, has invested $50 million in new capital commitments to independent music publishing company, Spirit Music Group, to pursue its expansion plans. […]
Former Money Manager Charged With Stealing Hedge Fund Fees
New York (HedgeCo.Net) – Former hedge fund manager Sean C. Cooper has been accused of fraudulently taking excess management fees from the accounts of investors, the SEC reports. An investigation found that Cooper improperly withdrew more than $320,000 from a […]
JOBs Act: SEC Warns Hedge Funds Of Misrepresenting Themselves In Advertising
New York (HedgeCo.Net) – The SEC has warned that 13 hedge funds and their advisers have been only reporting favorable information about themselves, leaving out their losing bets in past performance when advertising under the new JOBs Act. “We plotted […]
Hedge Fund Bands To Rock Out For Charity
New York (HedgeCo.Net) – A Leg To Stand On (ALTSO) will hold its third annual Rocktoberfest-Chicago on Wednesday, October 8 at City Winery at 1200 W. Randolph Street in Chicago. Financial industry professionals will perform rock and roll music to […]
Bridgewater’s Dalio Says Hedge Fund Seeks ‘Radical Truth’
Bloomberg – Ray Dalio, who runs the $160 billion Bridgewater Associates LP, said he’s seeking to encourage a culture of “radical truth and radical transparency” by recording everything inside the hedge-fund firm. “I didn’t want to have spin,” Dalio said […]