Monthly Archives: September 2014
Fortress Main Hedge Fund Said to Fall 2.3% in Last Month
Bloomberg – Fortress Investment Group LLC (FIG)’s main macro hedge fund lost 2.3 percent last month as its wagers on the economy faltered, according to a person familiar with the matter. The August decline brings losses this year in Fortress […]
Hedge Fund Blames High-Frequency Trading for Shutdown
WSJ – A hedge-fund manager says an unusual culprit contributed to his firm’s demise: high-frequency traders. Rinehart Capital Partners LLC, which had been backed by hedge-fund veteran Lee Ainslie and specialized in emerging-markets stock-picking, is closing, according to a letter […]
Three Hedge Fund Managers In Jail Over $40 Million ‘Black Diamond’ Ponzi Scheme
New York (HedgeCo.Net) Three hedge fund managers have been sentenced in connection with a $40 million investment fraud conspiracy, Jeffrey M. Toft, 51, of Sioux Fall, S.D., was sentenced to 66 months in prison followed by two years of supervised […]
Hedge Fund Blames HFT For Demise; ETFs To Play The ECB’s Rate Cut
Barron’s – Hedge fund Rinehart Capital Partners is blaming its demise on high-frequency traders. Rob Copeland, The Wall Street Journal. David Tepper, founder of the Appaloosa Mangement hedge fund, thinks the bond rally is coming to an end with the […]
For Hedge Fund Whistleblower, Waiting Was the Hardest Part
WSJ – When Frank Harrison decided in 2009 to go to the Federal Bureau of Investigation with allegations of fraud at hedge fund New Stream Capital LLC, he wasn’t prepared for one of the most nerve-wrecking aspects of being an […]
Your hedge fund landlord isn’t all that bad
Fortune – There’s nothing inherently wrong with investor-backed rental housing, despite what The New York Times and others suggest. Aside from Congress, perhaps, it’s hard to think of a group of people that Americans dislike more than financiers and landlords. […]
Hedge-Fund Liquidators Sell Manager’s House
WSJ – Liquidators of the collapsed hedge fund Weavering Capital have sold a house belonging to its manager Magnus Peterson for close to £1 million ($1.64 million), a small step in their efforts to recoup $450 million in damages that […]
First Opportunity Fund Announces Redemption of Hedge Fund Positions
New York (HedgeCo.Net) – First Opportunity Fund, Inc. announced today that it had given its notice of redemption with respect to its remaining hedge fund investments. In July of this year, the Fund was notified of proposed structural changes to […]
Blackstone Hiring Hedge Fund Veterans For New Fund
New York (HedgeCo.Net) – Hedge fund investor Blackstone is now hiring top hedge fund talent for the launch of Blackstone Senfina Advisors LLC, a new hedge fund that will will have to up to 30 teams of seasoned investors with $100 […]
Ackman taps Deutsche Bank, UBS for hedge fund portfolio IPO
Reuters – Billionaire investor William Ackman has tapped Deutsche Bank and UBS to handle the listing of one of his hedge fund portfolios in London later this year, three sources familiar with the matter said on Wednesday. Ackman had told […]
Loeb’s Reinsurer Slumps This Year as Hedge-Fund Investors Gain
Bloomberg – Dan Loeb’s foray into the reinsurance industry is proving to be more volatile for investors than his hedge-fund returns. Third Point Reinsurance Ltd., a Bermuda-based firm that relies on the billionaire money manager to oversee its assets, rallied […]
New regulation ‘will increase access to hedge funds’
Business Day – New legislation by the end of the year is expected to attract more individual investors to the previously unregulated hedge fund industry. High net-worth South Africans have been able to access these funds, which are designed to […]