Monthly Archives: September 2014
Hedge fund vet: The bubble is about to bite
Fortune – Julian Robertson, the founder of Tiger Management and one of the most successful hedge funds managers ever, says we’re about to get bit. While Robertson agrees that the economy is recovering, he feels one of the biggest drivers […]
Ex-Deutsche Bank’s Lehr Said to Start New York Hedge Fund
Bloomberg – Hal Lehr, a former Deutsche Bank AG (DBK) and Soros Fund Management LLC trader, received backing from JPMorgan Chase & Co. (JPM)’s asset management unit to start a New York hedge-fund firm, a person with knowledge of the […]
Barclays picks hedge fund platform founder to head wealth unit
Reuters – Barclays has named the founder of a managed account platform for hedge funds as the new boss of its wealth and investment management arm. Barclays said on Monday that Akshaya Bhargava would join as chief executive of wealth […]
Med pot license seekers: ‘Cheech and Chong … to hedge fund guys’
Chicago Sun-Times – Those hoping to cash in on the so-called Green Rush descended en-masse on the Thompson Center Monday, the final day to apply for marijuana dispensary licenses under the state’s medical pot pilot program. Dozens were lined up […]
VerInvest Corporation Launches Secure Accredited Investor Certification Service
VerInvest Corporation (“VerInvest”) today announced the launch of its highly-secure, financial verification clearing service for the alternative investment community. The platform provides its investor-members a confidential means to authenticate their accredited or qualified financial status, and connect with capital-raising companies and alternative investment […]
Financial Elite’s Offspring Start Their Own Hedge Funds
WSJ – The scions of a number of wealthy families, including the sons of prominent Wall Street figures Howard Marks and Ken Moelis, have either recently launched hedge funds or plan to do so soon, according to people familiar with […]
Hedge Fund Founder Says The Arrest Of Systema Boss Is A Warning From Putin
New York (HedgeCo.Net) – Hedge fund founder and critic of corruption in Russia, Bill Browder, has a lot to say about the arrest of one of Russia’s richest men, Vladimir Yevtushenkov, The Guardian reports. “I don’t know if Yevtushenkov did […]
Hedge Funds Keen on China Exchange Link, Goldman Sachs Says
Bloomberg – Hedge funds may drive initial demand for Shanghai-listed stocks through a linkage of the city’s bourse with that in Hong Kong, which opens up a new route for foreign investors to buy Chinese shares, according to Goldman Sachs […]
Rauner gets $1M more from hedge fund CEO
AP – A Chicago hedge fund manager has donated another $1 million to GOP Illinois governor candidate Bruce Rauner, according to state campaign records. Citadel LLC founder and CEO Kenneth Griffin’s donation was reported in records released Friday, bringing his […]
That’s it? Some hedge funds snubbed in Alibaba IPO allocation
CNBC – Many hedge funds that placed orders for shares in Alibaba’s initial public offering received woefully small allocations, highlighting the ultra-selective process that favored investors who already have a close relationship with the company. “It’s pathetic,” one hedge fund […]
Hedge Funds Make Record Bet on Lower U.S. Diesel Prices
Bloomberg – Speculators are making their biggest-ever bet on lower U.S. diesel costs after expanding stockpiles drove prices to a two-year low. Hedge funds increased net-short wagers on ultra-low sulfur diesel for a fourth week, to the most in U.S. […]
Agecroft Partners Predicts 5 Top Outcomes of CalPERS divesting of Hedge Funds
New York (HedgeCo.Net) – CalPERS’ announcement to divest of hedge funds has created a significant buzz in the media with many people wondering what impact this will have on the hedge fund and pension fund industries going forward. Donald A. […]