Monthly Archives: September 2011
Hedge Funds Lansdowne, Odey Suffer Down Years on Stock Wagers
Business Week — Lansdowne Partners Ltd. and Odey European Inc., two of the U.K.’s biggest hedge funds, started 2011 bullish on stocks. The shared view has led both firms to have one of their toughest years managing money. Lansdowne’s U.K. […]
Formerly bankrupt companies become M&A targets
Reuters – Hundreds of businesses crawling out of bankruptcy in the hands of hedge funds and other financial owners are hanging the “for sale” sign on their doors. Distressed debt investors such as Paulson & Co, Avenue Capital and Silver […]
Hedge Fund Networking Site Joins Up With BusinessWire
New York (HedgeCo.net) – Social networking site for financial professionals, linkedFA, has aligned with Businesswire, the global leader in press release distribution, signing a content agreement that gives the 10,000 linkedFA members direct access to reports from Fortune 1,000 companies […]
DoubleLine Hedge Fund Crosses $10 Billion in Assets
New York (HedgeCo.net) – The DoubleLine Total Return Bond Fund has reached $10 billion in assets under management, just 16 months after its launch in April 2010. Assets under management at DoubleLine now total $15 billion across a range of […]
Hedge funds outperforming S&P 500
Financial Post – The ability to move both with and against all types of financial markets is helping hedge funds limit the damage from this month’s sell-off. The hedge fund composite index fell 3.45% this month through August 24 to […]
Pensions using hedge funds don’t always know risks: GAO
Reuters – More and more U.S. pension plans are investing in hedge funds, even though the plans’ administrators struggle to understand what is in the funds or their true exposure to risk, a federal auditor said on Wednesday. As companies […]
Pimco Launches Hedge Fund-Like ‘Go Anywhere’ Bond Fund
WSJ —Pacific Investment Management Co., the big money manager founded by Bill Gross, is wooing investors with a new bond fund that aims to provide returns in any market environment with a broad range of fixed-income strategies. With many investors suffering […]
New York Hedge Fund Manager Claims His Wife Hacked His Computer And Stole Trading Secrets
Forbes – David Simon, a well-known New York risk arbitrager, directed his $100 million hedge fund firm, Twin Capital Management, to sue his wife and her divorce lawyers, claiming they hacked into Simon’s computer to get their hands on the […]
Ex-Galleon Trader Drimal Sentenced to 5 ½ Year Term for Insider Trading
Bloomberg – Former Galleon Group LLC hedge fund trader Craig Drimal was sentenced to 5 1/2 years in prison after admitting his part in an insider-trading scheme that stretched from technology firms to pharmaceutical companies. Drimal, 55, pleaded guilty in April […]
SEC Says Assets Of Illinois Startup Hedge Fund, Manager Frozen
Dow Jones – The Securities and Exchange Commission said the assets of a Chicago-area money manager and his hedge fund were frozen, a move that stems from allegations they lied to prospective investors in their start-up quantitative hedge fund. The […]
Hedge fund Diamondback to pay $1 million to settle insider case
Reuters – Hedge fund Diamondback Capital Management, which had been embroiled in the government’s insider trading case, has agreed to pay back roughly $1 million to settle an insider trading case, according to a court filing released on Wednesday. The […]
Why the Buffett approach adds up
Guardian – Terry Smith is not the first person to calculate how much poorer shareholders in Berkshire Hathaway would be if Warren Buffett had extracted fees as greedily as a hedge fund manager – meaning a 2% management fee plus 20% […]