Monthly Archives: September 2014
CalPERS Eliminates Hedge Fund Program
New York (HedgeCo.Net) – The $300 billion California Public Employees’ Retirement System (CalPERS) announced that it will eliminate its hedge fund program, known internally as the Absolute Return Strategies (ARS) program, as part of an ongoing effort to reduce complexity […]
Eurekahedge: Hedge Funds Up 4.16% YTD
New York (HedgeCo.Net) – The latest issue of The Eurekahedge Report focuses on the US$275 billion UCITS hedge fund industry along with our regular coverage of monthly returns, performance and asset flows. Highlights from this month’s report: Hedge funds are […]
Sears Borrows $400 Million From Affiliates of CEO Lampert’s Hedge Fund
WSJ – Sears Holdings Corp. is borrowing $400 million from Chief Executive Edward Lampert’s hedge fund, giving the retailer an infusion for the holidays after it burned through cash over the summer. The loan is being made by entities affiliated […]
Hedge fund prize offers $1 million to cure…aging?
CNBC – A hedge fund manager is the latest to embark on one of the most ancient of human quests: immortality. Joon Yun, president of $1 billion health care-focused Palo Alto Investors, announced a new prize last week that will […]
Hedge Fund for Dummies
Chicago News – Ann C. Logue’s “Hedge Funds for Dummies” sets out to tell readers what they need to know about hedge funds in a simple manner, whether the investment is personal, for an endowment, or a foundation. Logue geared […]
Olive Garden to hedge fund: Hands off our breadsticks!
LA Daily – Olive Garden is defending its practice of giving customers as many breadsticks as they want, saying the policy conveys “Italian generosity.” The remark is part of a response by the chain’s parent company, Darden Restaurants Inc., to […]
Fitch Report On Hedge Fund Reinsurance
New York (HedgeCo.Net) – Fitch reports today that newly formed hedge fund reinsurers are unlikely to achieve an Insurer Financial Strength rating in the ‘A’ category under Fitch Ratings’ methodology. This is due to both general constraints applied to start-up […]
Labor pension adviser CtW seeks details from Walgreen
Hedge World – CtW Investment Group, an adviser to union pension funds, called on Walgreen Co. to provide more details about a change in projected earnings and questioned the U.S. drugstore chain operator’s appointment of an activist investor to its […]
Hedge fund a stumbling block for AngloGold share sale
Bloomberg – Billionaire investor John Paulson is getting in the way of AngloGold Ashanti’s plan to rid itself of debt. Following the biggest one-day bond rally in seven months, sparked by the gold producer’s announcement on Wednesday that it would […]
We’ve Just Witnessed The First True Masterpiece Of The Modern Hedge Fund Era
Business Insider – We’re living in a golden age for a certain kind of very-public investing strategy, where big-name hedge funders get up on stage, or produce PowerPoint presentations laying out their investment thesis on a given company. Bill Ackman […]
Hedging costs against sterling’s swings soar on Scottish vote worries
Reuters – The cost of hedging against near-term swings in the British pound jumped to four-year highs on Friday [Sept. 12] and investors added to unfavorable bets in the derivatives market, reflecting jitters about the result of the Scottish referendum. […]