Monthly Archives: September 2013
McGladrey’s 5th Annual Investment Industry Summit on September 18th
New York (HedgeCo.Net) – The United States is expected to continue its economic expansion while the U.S. equities are in a bull market, Omega Advisors’ Vice Chairman Steven Einhorn predicts. Einhorn, who will give the keynote address at McGladrey’s 5th […]
Vodafone’s German Deal in Balance in Hedge-Fund Catch-22
Vodafone Group Plc (VOD)’s 7.7 billion-euro ($10.2 billion) takeover of Kabel Deutschland Holding AG (KD8) is under threat amid speculation that a hedge fund that boosted its stake in the target did so to squeeze extra cash from the deal. […]
Hedge Fund Manager Carl Icahn Loses In The Most Entertaining Way
Buzzfeed – Carl Icahn, the billionaire investor who’s been fighting a buyout of Dell by co-founder Michael Dell and Silver Lake Partners for most of this year, has given up. Icahn, in an open letter to fellow shareholders today, said […]
Hedge fund takes 12% stake in News Corp.
USA Today – A Memphis-based asset management firm known as a value investor has scooped up a big chunk of Rupert Murdoch’s News Corp. Southeastern Asset Management has acquired a nearly 12% voting stake in News. Corp, according to regulatory […]
World’s Ultra Wealthy Reach An All-Time Record
New York (HedgeCo.Net) – Despite ongoing economic and geopolitical uncertainties, the world’s ultra wealthy population reached an all-time high of 199,235 individuals with a combined fortune of nearly US$28 trillion in 2013, growing by more than six percent in population size from […]
Global hedge fund AUM declined by more than $6 billion in August
New York (HedgeCo.Net) – Hedge funds witnessed slightly negative returns in August amid increased risk aversion in global markets during the month. The Eurekahedge Hedge Fund Index was down 0.32% during the month, outperforming global stock indices as the MSCI […]
Hedge fund urges breakup of Barrick Gold to boost its stock
CBC – A small, U.S. hedge fund wants to break up Canadian mining giant Barrick Gold, saying its collection of mining assets is spread out over too broad of a geographic area, which has led to a disappointing shareholder return. […]
A hedge fund manager’s unexpected, second act in cosmetics
CNBC – It took a TSA run-in gone wrong for former hedge fund manager Julie Macklowe to take the leap and join the cosmetics world after leaving the financial industry. After spending more than a decade in finance, at companies […]
Hedge Funds Lease More Space in London’s West End as Rents Climb
Bloomberg – Hedge funds agreed to lease out more than twice as much office space in London’s West End this year as in the whole of 2012 as firms including BlueBay Asset Management LLP and Elliot Management Corp. expanded, U.S. […]
Hedge Fund Gold Bets Climb to Highest Since January: Commodities
Bloomberg – Hedge funds’ combined holdings in gold futures increased to the most bullish since January on mounting concern that conflict in the Middle East will boost crude-oil prices, slowing economic growth and stoking inflation. The net-long position rose 3.6 percent to […]
KEELING EXPANDS RWC GLOBAL HORIZON TEAM WITH HIRE
RWC today announces Mark Walker is joining Louise Keeling as an analyst to work on its Luxembourg domiciled RWC Global Horizon Fund. Walker joins RWC from the Global Investment Research division of Goldman Sachs where he was an equity analyst […]