Monthly Archives: September 2012
Prosecution to open case against former UBS trader Kweku Adoboli
The Guardian – The prosecution in the trial of a City banker accused of gambling away £1.4bn is due to open on Friday. Kweku Adoboli, 32, will appear at Southwark crown court to face two counts of fraud and two of […]
Fairfax loses lawsuit against U.S. hedge funds
Toronto Star – A New Jersey judge has tossed out an $8 billion lawsuit filed by Toronto-based Fairfax Financial Holdings Ltd. against U.S. hedge funds accusing them of conspiring with analysts and researchers to drive down Fairfax’s stock price. Superior […]
India-focused hedge funds give negative return
The Hindu Business Line – Investment in India-focused hedge funds is no longer the lucrative proposition it used to be. In 2012 year-to-date, India hedge funds have posted negative returns of 0.9 per cent. In contrast, the Sensex has faired […]
The Alpha Cooperative and EAB Investment Group Bring Enhanced Risk Management Techniques to Hedge Fund Industry
New York, New York, September 12, 2012 The Alpha Cooperative, LLC (“TAC”), a provider of turn-key institutional infrastructure for asset management firms, today announces a strategic alliance with EAB Investment Group (“EAB”). The complexities in managing risk across the full […]
August Euro Rally Catches Currency Funds by Surprise
WSJ – Investors were unprepared for the euro’s dramatic rebound in the month of August, hurting performance at currency-focused hedge funds. A widely watched index of currency funds fell 0.85% in August from the previous month, as investors holding bets […]
WSJ Launches App for iPhone and iPad
Press Release – The WSJ has launched a universal app for both iPad and iPhone, available for download in the iTunes store, with a subscription. “The new Wall Street Journal app is now in the company of our first universal app, WSJ […]
Hedge fund founder says bonds are ‘quite close to cash under the bed’
Washington Post – What’s a better investment — U.S. bonds or the underside of your mattress? Ray Dalio wonders if it’s the latter. Dalio founded the hedge fund Bridgewater Associates. He tells the Council on Foreign Relations: “You are quite close […]
Hedge Fund Makes Quick Work Of Barnes & Noble Stake
Forbes – Activist hedge fund Jana Partners in August sold the remainder of its stake in Barnes & Noble, after amassing a 12% position in the stock, new SEC filings show. The investment by the fund, which is led by one-time […]
Hedge funds moving more assets into prime custody accounts with active management
Hedge Funds Review – A move to separate custody accounts since the financial crisis has turned into a major trend with hedge funds now placing a growing portion of their unencumbered assets with prime custodians. Hedge fund assets available for prime […]
Fairfax loses lawsuit against U.S. hedge funds
The Star – A New Jersey judge has tossed out an $8 billion lawsuit filed by Toronto-based Fairfax Financial Holdings Ltd. against U.S. hedge funds accusing them of conspiring with analysts and researchers to drive down Fairfax’s stock price. Superior […]
German court approves bailout fund, with conditions – eurozone crisis live
Guardian – Frank-Walter Steinmeier, leader of the opposition Social Democrats, has expressed his relief that the ESM now has the green light thanks to this morning’s ruling. Germany’s finance minister, Wolfgang Schäuble, has said that theEuropean Stability Mechanism could come into force […]