Monthly Archives: September 2011
The Dow Jones Credit Suisse Core Hedge Fund Index Down 2.88% in August
New York (HedgeCo.net) – The Dow Jones Credit Suisse Core Hedge Fund Index fell less than half that of broad equity indexes in August. “The Dow Jones Credit Suisse Core Hedge Fund Index finished down 2.88% in August.” Oliver Schupp, President […]
A Bunch Of Hedge Funds Just Got Burned By The Swiss Bank Intervention
Business Insider – A bunch of hedge funds that had been profiting off the incredible rise in the Swiss franc just got burned. This morning the Swiss Bank intervened, sending the Swissie down. The bank will buy an unspecified amount […]
Daniel Loeb’s Third Point Starts Reinsurance Company With $500 Million
Bloomberg – Daniel Loeb, the founder of Third Point LLC, started a reinsurance company that can invest in his $8 billion hedge fund, joining rival David Einhorn in seeking more permanent capital. Third Point Re, which is based in Bermuda, hired John […]
Model-driven hedge funds among losers in SNB shock
Reuters – Hedge funds, betting on globa lmarkets and driven by computer models, were among those hardest hit by Switzerland’s shock intervention on Tuesday to reverse profitable bets on the Swiss franc’s “safe-haven” status. The Swiss National Bank surprised investors […]
Global hedge funds gather for insight sharing
The Korea Times – Mirae Asset Global Investments is hosting a Global Hedge Fund Forum today, the firm’s first conference on the investment method that will be allowed here later this year. “Around the time of the launch of Korean-style […]
Citi Awarded Mandate to Deliver a Comprehensive Suite of Fund of Hedge Funds Administration and Custody Services to Sandalwood Securities
BusinessWire – Citi today announced that it has been awarded a mandate to provide a full complement of fund of hedge funds administration and custody services to Sandalwood Securities. “After a thorough review of service providers, two of the key […]
Wealthy Investors Stick To Hedge Funds Even With 3.4% Returns
Bloomberg – Almost half of Leslie Quick’s personal portfolio is dedicated to hedge funds, a position he’s increased this year even as the lightly regulated asset pools have returned less than 4 percent. “I think we’re coming into a period […]
UCITS Alternative Index Down -1.81% In August
New York (HedgeCo.net) – The UCITS Alternative Index Global is down in August (-1.81%) bringing its year to date performance to -2.55%. The Fund of Funds Index is down -2.14% reaching -3.27% this year. Except for the Commodities Index, all […]
Matrix assumes control of Olympus hedge fund
City Wire – Matrix Asset Management has taken on the management of the Candela fund, previously run by Olympus Capital, as part of its strategy to attract mainstream hedge fund managers. As part of the move, the fund has been […]
Tanzanian Royalty Exploration And The Double Edged Sword Of Hedge Fund Ownership
Seeking Alpha – Many here on Seeking Alpha look to the holdings of large hedge funds for investment ideas. The market activity of the past weeks has highlighted one of the risks of following along. When a hedge fund with […]
August slump for leading hedge funds
City AM – Many of the best-known names in hedge funds suffered in August despite the slump in financial stocks that helped them make gains during the banking crisis. SAC Capital Advisors, Third Point Offshore Fund and T2 Partners were […]
Richard Collins on Pierre Lagrange, straight divorce and gay marriage
Spear’s – Following the news today that Pierre Lagrange, a co-founder of hedge fund giant GLG, has left his wife for a man and may have to hand over half of his £300 million worth in the divorce settlement, questions about […]