Monthly Archives: September 2011
Buffett: Tax disparity on display
Omaha Herald – Moving from managing a hedge fund to managing money for Warren Buffett might seem like a dream for a professional investor. But the switch carries a hefty price, Buffett said Tuesday, continuing his criticism of what he says […]
Weavering case ‘abhorrent’ says local directors’ body
Cayman News Service – Following its review of the recent ‘Weavering’ case where a judge condemned the role of the directors in a hedge fund case and awarded millions of dollars of damage against them, the Cayman Islands Directors Association […]
WaMu Fails Again to Win Approval for Reorganization Plan
Bloomberg – Washington Mutual Inc. failed for the second time to win approval for its plan to pay creditors more than $7 billion as a bankruptcy judge sided with opponents, including shareholders. U.S. Bankruptcy Judge Mary Walrath in Wilmington, Delaware, […]
Copper is the New Gold, Predicts Global Macro Hedge Fund Manager
Steve Shafer, Chief Investment Officer for Covenant Financial Services, LLC (“Covenant Investors”), thinks copper may soon rival gold as the world’s most sought-after metal because of its key role in China’s unprecedented electrification efforts. Unlike gold, he adds, the copper […]
President Obama Takes On The Billionaires Of Private Equity
Forbes – President Barack Obama’s plan to pay for his $447 billion jobs plan by ending the carried interest tax break sets up a massive battle with Wall Street’s Masters of the Universe, the hedge fund and private equity billionaires […]
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 $70 billion, pressed […]
“Key Man” Risk in Hedge Funds Increases as Star Managers Age
As the first generation of hedge fund leaders grows older, investors are increasingly exposed to key man risk and may be prudent to avoid an over-reliance on ageing star managers, according to the latest issue of aiCIO. “All asset classes […]
Buffett’s New Hire Is Marathoner Whose BofA Bet Beat Berkshire
Bloomberg – Ted Weschler, the hedge-fund manager and marathoner, made money trading Bank of America Corp. stock and held the biggest stake of a bankrupt chemicals firm before being hired by Warren Buffett’s Berkshire Hathaway Inc. Weschler bought 2 million […]
Investors demand greater liquidity from hedge funds
Global Pensions – Three quarters of institutional investors are looking for greater liquidity in their hedge fund investments following the financial crisis, research by Preqin shows. A survey by the alternative asset analyst found funds with lock-up periods are now […]
Hedge Funds Weather August Global Market Rout Trading Gold at Record Price
Bloomberg – Hedge funds run by Orix Investment Corp., Superfund and Four Elements Capital Management Pte benefited from the surge in gold last month, weathering the U.S. sovereign downgrade and Europe’s deepening debt crisis. The Orix Commodities Fund, which uses computer […]
Hedge Fund Study: Institutional Traders Concerned by High Frequency Trading
New York (HedgeCo.net) – More than two-thirds of traders at leading asset management firms around the world are concerned about the impact of high frequency trading (HFT) on the equities market, according to a survey by Liquidnet, an international institutional equities […]