Monthly Archives: September 2012
Farmer’s Daughter Haugerud Reaps Riches on Drought-Struck Corn
Bloomberg) — For three excruciating weeks in May, Renee Haugerud, the founder of New York hedge fund Galtere Ltd., agonized that her wager on corn was a massive mistake. She had started buying in March, when futures contracts averaged about $5.59 a […]
Beau Taylor profit jumps as oil boosts hedge-fund returns
CTpost – Hedge funds from Beau Taylor’s Taylor Woods Masters Fund to Brevan Howard Asset Management LLP’s commodities fund gained in August as surging oil and grain prices drove commodities to their third monthly advance. The Taylor Woods fund, which manages more than $1 […]
Hedge funds boost bets as QE3 pushes oil to US$100
Financial Post – Hedge funds raised bullish bets on oil to a four-month high just before futures surged on Federal Reserve Chairman Ben S. Bernanke’s plan for a new round of growth-boosting measures. Money managers increased net-long positions, or wagers […]
Clamp on hedge funds to shield investors
Brisbane Times – Investors dabbling with high-risk hedge funds should be better protected from losing their money under new rules drawn up by the corporate watchdog. The Australian Securities and Investments Commission will force hedge fund managers from June to […]
Hedge funds up 3.16% YTD, August
New York (HedgeCo.Net) – September’s edition of The Eurekahedge Report reports that Asian hedge funds currently stand at $125.5 billion, they saw 800% growth between 2000 and 2007. The industry witnessed negative returns in 2011 but there were still some sectors providing exceptional […]
‘Green’ hedge fund Sustainable Resources looking at up to $100m of opportunities in the Philippines
Opalesque – Newly-launched agro forestry and sustainable resources investment hedge fund Sustainable Resources Fund is looking at possible investment opportunities of up to $100m in agriculture and forestry in the Philippines. Managed by Sustainable Capital Luxembourg S.A. the fund’s advisor, Michael Young was […]
Office Depot Pressured by Activist Hedge Fund, Shares Rise
InvestorPlace – Shares of Office Depot rose on word that a hedge fund has acquired a significant stake in the company and was pressuring its management to make changes. In a letter to Office Depot’s board, Starboard Value announced that it had acquired […]
Lasair Capital to wind down hedge funds of funds
Pensions & Investments – Lasair Capital, a woman-owned firm, is winding down its long/short equity focused hedge funds of funds, confirmed Carrie McCabe, founder and CEO, in an e-mailed statement. Lasair Capital was backed at its founding in 2008 by […]
Ex-Nomura trader assembles team for hedge fund launch
FN – The former global head of liquid markets proprietary trading at Nomura has set up a new hedge fund firm, LindenGrove Capital, and is preparing to launch a fund before the year is out. Borut Miklavcic has set up […]
Hedge funds back off banks as mutual funds dip in
Reuters – Hedge funds who have tried to make money out of European banks during the euro debt crisis are becoming frustrated with the sector””s erratic movements just as some bigger, and more patient, institutions are dipping tentatively back in. […]
Hedge Fund Due Diligence: FinCEN Announces a Roundtable Discussion
New York (HedgeCo.Net) – The Financial Crimes Enforcement Network (FinCEN) will host a roundtable discussion to continue gathering information on the Advance Notice of Proposed Rulemaking (ANPRM) on customer due diligence (CDD) requirements for financial institutions, published in the Federal […]
Hedge Fund Sponsored Man Booker Prize 2012 Shortlist
New York (HedgeCo.Net) – Deborah Levy, Hilary Mantel, Alison Moore, Will Self, Tan Twan Eng and Jeet Thayil are the six shortlisted authors in contention for the Man Booker Prize 2012. Sponsored by hedge fund giant Man Group PLC., the […]