Monthly Archives: September 2014
Scottish Vote Said to Push Hedge Fund to Brace for Turmoil
Bloomberg – East Lodge Capital Partners LLP is buying protection against losses on U.K. government debt and the pound before the Scottish independence vote in two weeks’ time, according to a person familiar with the matter. The London-based hedge fund […]
Court Orders Hearing on Citigroup Versus Hedge Fund Case On Argentina Threat
Wall Street PR – The diversified financial services provider Citigroup Inc (NYSE:C) has been advised to face a hearing by the U.S. judge on a subpoena of a hedge fund seeking proof of Argentina threat. The judge was also overseeing […]
Morningstar: Hedge Funds Up In July
New York (HedgeCo.Net) – Morningstar today reported preliminary hedge fund performance for July 2014 as well as estimated asset flows for June 2014: The Morningstar MSCI Composite AW Hedge Fund Index decreased 0.3% in July, but is up 3.4% for […]
Credit Suisse Hedge Fund LAB Index Up 1.84% in August
New York (HedgeCo.Net) – The Credit Suisse Liquid Alternative Beta Index (“CSLAB”), which aims to reflect the performance of the overall hedge fund industry, finished up 1.84% in August. The Managed Futures strategy was the strongest performer for a second […]
Eric Cantor Joins Donor’s Boutique Hedge Fund & Private Equity Firm
New York (HedgeCo.Net) – Former Republican politician Eric Cantor has joined Moelis & Company as vice-chairman at a salary over $1 million a year, The Guardian reports. Moelis was a donor and political supporter of the former House majority leader […]
Insider traders in U.S. face longer prison terms, Reuters analysis shows
Reuters – U.S. judges are imposing increasingly long prison terms for insider trading, a Reuters analysis shows. The rise is at least partly driven by the bigger profits being earned through the illegal schemes, defense lawyers said. The trend is […]
AIMA Updates Hedge Fund Manager Due Diligence, Adding Post-Crisis Regulatory Directives
New York (HedgeCo.Net) – Reflecting recent regulatory changes, including the Alternative Investment Fund Managers Directive (AIFMD), AIMA has updated its flagship due diligence questionnaire (DDQ) for hedge fund managers, adding over 90 questions. “While much of the post-crisis regulation has […]
Rafferty Asset Management Closing Five Leveraged Exchange-Traded Funds
PRNewswire – The Board of Trustees of the Direxion Shares ETF Trust has decided to liquidate and shutter five exchange-traded funds (“the Funds”) based on the recommendation of Rafferty Asset Management, LLC, the Trust’s advisor. Due to the Funds’ inability […]
UCITS Alternative Index – August 2014 Performance
UAI Benchmarks The UAI Global index progresses by 0.51% in August and is now up 1.12% since the beginning of year. The best performing strategy this month is CTA with a progression of 2.56%. Coming next are FX and Emerging […]
Hedge-fund billionaire’s wife says she was coerced into signing pre-nup
Chicago Sun Times – It looks like the gloves are off in the divorce of one of Chicago’s wealthiest couples. In an explosive response to the divorce filing from her husband, billionaire investor Ken Griffin, Anne Dias Griffin filed a […]
Hedge Funds Revel in Volatility as Gains Tag Along
Bloomberg – After posting three straight years of losses that thinned the ranks of hedge funds specializing in currencies, the foreign-exchange market is showing signs of rebounding. Parker Global Strategies LLC’s index of leading currency funds climbed 0.9 percent in […]
Concept Capital Markets, LLC Joins the Hedge Fund Association’s Global Thought Leadership Council
HFA – The Hedge Fund Association (“HFA”), a leading nonprofit trade and nonpartisan lobbying organization, announced today the addition of prominent prime brokerage firm Concept Capital Markets, LLC to its Thought Leadership Council. Concept Capital Markets joins fellow council members […]