Monthly Archives: September 2013
Macro hedge fund manager joins Swedish state fund
FN – Kerim Kaskal was announced as the Tredje AP-Fonden’s new investments chief earlier this month, and will take up the position on October 1. He was previously deputy chief investment officer at Nektar Asset Management, Brummer’s €3.5 billion macro […]
Hedge-Fund Manager 36 South Doubles Bets on Securities Swings
Bloomberg – 36 South Capital Advisors LLP, whose Black Swan Fund returned 204 percent in 2008, has doubled bets this year on greater fluctuations in markets including currencies, commodities and equities. The manager overseeing $626 million has increased volatility investments to 90 […]
Hedge funds plan to sue Vodafone for better Kabel Deutschland terms: sources
Reuters – Three hedge funds who tendered shares enabling Vodafone to successfully bid for Germany’s largest cable firm plan to sue for a better price for their outstanding holdings, three financial sources with knowledge of the matter said on Friday. […]
Hedge Fund Industry Took In $8.2 Billion In July 2013
New York (HedgeCo.Net) – BarclayHedge and TrimTabs Investment Research reported today that the hedge fund industry took in a net $8.2 billion (0.4% of assets) in July 2013, reversing an $8.9 billion outflow in June, according to estimates based on […]
Top Celebrities Come to the New York Trading Floor in Support of Charity Day
New York (HedgeCo.Net) – Cantor Fitzgerald & Co., together with its affiliate BGC Partners, Inc., raised approximately $12 million at the companies’ annual commemorative Charity Day on Wednesday, September 11, 2013. The company lost 658 employees during the World Trade Center attacks. Some of the […]
Druckenmiller: Surprised by Soros’ Comments About Hedge Funds
ValueWalk – Hedge fund icon and former Chairman, President and CIO of Duquesne Capital, Stan Druckenmiller joined Bloomberg Television’s Stephanie Ruhle and Erik Schatzker on “Market Makers” for a full hour and said, the government must address entitlement spending “This […]
Mastic Hedge Fund Appoints James O’Brien as Chief Executive
BusinessWeek – Mastic Investment Advisory AG, the Zug, Switzerland-based commodities hedge fund, appointed James O’Brien as chief executive officer and chief risk officer. O’Brien is a former colleague of Mastic Chief Investment Officer Kieran McKenna from Goldman Sachs Group Inc., […]
Asia Pacific Hedge Funds Plan for Growth
ValueWalk – Asia-Pacific has been a growing region in the hedge fund industry in recent years as both investors and managers have realized the potential of this emerging region for alternative investments. However, the industry in the region has still […]
Vodafone Calls Hedge Fund’s Bluff
NYT – Vodafone is right to defy the hedge funds over its $10 billion bid for Kabel Deutschland. The London-listed mobile giant says it won’t alter its agreed offer for the German cable company, even after Elliott Management and Davidson […]
Hedge-Fund Billionaires: Top 2 ETF’s Down 12% In 2013-Reversal Time?
iStockAnalyst – ETF’s are one of the greatest financial inventions of the last 20 years. The ETF has surged to incredible popularity with both regular investors and hedge-fund billionaires alike because of the long list of benefits these instruments offer. […]
Top hedge fund in bid to shape up Sotheby’s
Reuters – Hedge fund manager Mick McGuire is not an art collector and has never felt the thrill of bidding in a Sotheby’s (BID.N) auction, where adrenaline spikes with each multimillion-dollar sale of a Cezanne, Rothko or Picasso. Still, he […]
Two Indicted in $275 Million Investment Fraud Scheme Involving the Sale of Medical Accounts Receivable to Hedge Funds
New York (HedgeCo.Net) – A federal grand jury has indicted Richard Shusterman, age 50, of Highland Beach, Florida, and Jonathan E. Rosenberg, age 44, of West Orange, New Jersey, on charges of conspiracy and wire fraud, in connection with a […]