Monthly Archives: September 2014
Banks’ pressure stalls opening of U.S. derivatives trading platform
Reuters – The first interdealer trading platform aimed at opening up credit derivatives markets to new competition has hit roadblocks due to resistance from some banks that dominate such trading, according to several people familiar with the situation. Derivatives markets […]
SEC Sanctions Donald Brownstein’s Hedge Fund Over Conflicts Of Interest
Forbes – Donald Brownstein’s hedge fund firm has agreed to pay a $300,000 penalty to settle a Securities & Exchange Commission enforcement action that claimed the firm failed to adequately try to prevent conflicts of interest regarding investments in its […]
S&P Capital IQ Releases Quarterly Hedge Fund Tracker
New York (HedgeCo.Net) Technology and healthcare stocks saw the largest growth in new hedge fund buying activity during Q2 2014, with Allergan and Apple as the most popular individual stocks, a review of 2014 Q2 13F filings by US-based pure play […]
Manchester United Divides Hedge Funds’ Loyalties
WSJ – Some of Europe’s most powerful hedge fund managers are sharply divided on the outlook for English soccer club Manchester United = PLC, whose share price has declined recently along with its on-field performance. One of the most prominent […]
Hedge fund snapshot: $2.6 trillion in assets in 11,000 funds.
HITC – The research by alternative investment tracking company eVestment aggregated information from 10 databases that collect voluntarily submitted data by hedge funds. After cleaning the data and removing duplicates, eVestment found that there are 7,524 traditional hedge funds, 1,723 […]
Hershkovitz to Leave Post at Israeli Hedge Fund Sphera
Bloomberg – Ori Hershkovitz, head of pharmaceutical research at Sphera Funds Management Ltd., is leaving after seven years of stock-picking at Israel’s largest hedge fund. Hershkovitz, who frequently spoke out against management decisions at Teva Pharmaceutical Industries Ltd. (TEVA), declined […]
Neuberger Berman Launches US Emerging Markets Hedge Fund
New York (HedgeCo.Net) – One of the world’s leading employee-controlled money managers, Neuberger Berman Group LLC, has launched the Neuberger Berman Emerging Markets Income Fund for its US investors. “We believe the structural case for emerging markets debt (EMD) remains strong, […]
Falcone Sells Hedge Fund Shares In Bid To Liquidate Assets
New York (HedgeCo.Net) – Philip Falcone has sold 18.6 million shares of Harbinger Group to “mini Berkshire Hathaway” Leucadia National Corp, Bloomberg reports. Falcone sold the shares worth $158m as part of a move to raise funds for his SEC settlement of more […]
SEC, billionaire Mark Cuban set for insider trading trial
Reuters – Mark Cuban, the billionaire who regularly sits courtside to cheer on his Dallas Mavericks basketball team, is heading to a court of a different kind on Monday. Once there, he hopes to convince a federal jury that a […]
Hedge fund bets on falling corn prices hit record
AgriMoney – Hedge funds hiked their positioning on corn prices to the most bearish ever, amid increasing hopes for US harvest yields, but turned more positive on raw sugar, and on lean hogs in which bets on rising values hit […]
FX Concepts Feels The Pinch As 30-Year-Old Hedge Fund Loses Another Large Client
Forex Magnates – Events over the last few days have signaled what could be construed as another downturn in fortune for veteran foreign currency hedge fund and portfolio management company FX Concepts, as one of its major remaining clients gave the firm its […]
Rich investors target the north of England as hedge fund snaps up properties in deprived areas
Mirror – Elite investors are betting on growth in the north of England and buying up vaste swathes of property, reports the Sunday People. One of Europe’s biggest hedge funds is so confident prices will boom that it is ploughing […]