Monthly Archives: September 2011
The Changing Role of Hedge Funds in the U.S. Economy
Dr. Everett Ehrlich released a report on hedge funds’ potential to add billions of dollars in annual returns to U.S. pension plans and university endowments. The paper, entitled “The Changing Role of Hedge Funds in the U.S. Economy,” uses cutting-edge […]
Judge Says Hedge Funds May Have Used Inside Information
New York Times – There have long been whispers on Wall Street that hedge funds have hijacked the bankruptcy process, using their influence as debt holders to obtain and trade on insider information about when and how a company will […]
Goldman asset management CIO Domotorffy retires
Reuters – Katinka Domotorffy, the head of Goldman Sachs Group Inc’s quantitative investment strategies group, will leave the bank at the end of the year, according to an internal memo, as one of its biggest hedge funds continues to suffer […]
Cohen’s SAC Capital scores legal win over Fairfax
Reuters – Hedge fund titan Steven Cohen scored a legal victory when a New Jersey judge tossed out a long-running civil lawsuit filed against his SAC Capital Advisors by insurer Fairfax Financial Holdings. In court order signed on Sept. 12, […]
Super funds push for better hedge fund governance
Financial Standard – Four major super funds have joined forces to create a set of principles on how hedge fund managers should operate and manage risk – a move designed to improve investor confidence and stimulate more mandates into the asset […]
Black Swan Funds Said to Soar Amid Europe Crisis
Bloomberg – Hedge funds created to protect investors against market shocks in the wake of the biggest recession in seven decades are soaring as Europe’s intensifying debt crisis infects markets globally. Saba Capital Management LP’s $550 million so-called tail risk fund […]
Bill Ackman’s Hong Kong Currency Bet, And How You Can Play It
Forbes – At a lunchtime keynote at Wednesday’s CNBC Institutional Investor Delivering Alpha conference, the founder of Pershing Square Capital detailed a trade on the Hong Kong dollar, which has been pegged to the dollar for decades and depreciating right […]
Hedge Fund Expert Joins Cambridge Associates’ Research Team, Hedgeye, Investcorp Moves
New York (HedgeCo.net) – Former Lehman Director Samuel Belk has joined investment consultant Cambridge Associates as Director of Diversifying Investments. Cambridge Associate has over 900 global investors representing more than $2.5 trillion in aggregate assets. Belk was most recently a Managing […]
Caxton’s Bruce Kovner to Step Down After 28 Years With Law to Become CEO
Bloomberg – Bruce Kovner, the billionaire co- founder of Caxton Associates LP, is retiring from the $10 billion hedge fund, ending a three-decade run during which he traded everything from soybeans to Japanese yen futures and returned twice as much […]
The HedgeCo Fall Networking Event
New York (HedgeCo.net) – As autumn approaches, the HedgeCo Fall Networking Event is a chance for investors, hedge fund managers, and other industry professionals to come together and enjoy a night of sharing ideas and meeting new contacts. Recognized as […]
Post-crisis, nimble hedge-fund strategies survive
CNBC – The financial crisis of 2008 was a turning point for the hedge-fund industry. More than 200 funds went out of business, according to Hedge Fund Intelligence. And outflows of investor capital in 2008-2009, exceeding USD 70 billion, pressed […]
Ainslie’s Maverick Cap backfires in August
Reuters – Maverick Capital’s Lee Ainslie took a bath last month when his flagship hedge fund racked up a double-digit loss, pushing it solidly into the red for the year, said two people familiar with the results. A smaller more […]