Monthly Archives: November 2015
Hedge-Fund Prodigy Takes a $300 Million Hit
(Wall Street Journal Interactive) She earned an M.B.A. from Wharton at age 21, won backing from hedge-fund industry heavyweight Julian Robertson before she turned 30 and earlier this year became one of the few women to manage more than $1 […]
Stifel to Acquire Eaton for Private-Equity, Hedge Fund Ties
(Bloomberg) Stifel Financial Corp., the investment bank known for snapping up regional rivals and Wall Street castoffs, agreed to buy Eaton Partners to add ties with hedge funds, private-equity firms and high-net-worth family offices. Eaton works with more than 4,000 […]
Police Freeze Shares Held by Mother of China Hedge Fund Boss Xu
(Bloomberg) Chinese police slapped a two-year freeze on more than $670 million of shares owned by the mother of Xu Xiang, the Shanghai hedge fund boss under investigation for alleged insider trading and stock manipulation. Two companies, one in Beijing […]
Hedge Funds Trim Bullish Bets as Russian Ruble Swings With Oil
(Bloomberg)Hedge funds trimmed bets for the ruble to appreciate for the first time in six weeks as swinging oil prices and the prospect for higher U.S. interest rates threaten to exacerbate the Russian currency’s losses. Speculators were net long the […]
Bill Ackman dropped a big hint about what Valeant will do next
(Business Insider) During his hedge fund’s quarterly conference call, Pershing Square CEO Bill Ackman dropped a big hint about what’s next for his largest position, Valeant Pharmaceuticals.”Fairly … soon Valeant will have identified a new specialty pharmacy to handle” the […]
Fund of hedge funds battle to convince clients they are worth it
(Reuters)Funds which charge investors to pick out successful hedge fund bets are struggling to reinvent themselves and convince their clients they are worth the fees.The $895 billion hedge fund of funds industry has seen assets contract sharply in the years […]
Largest Brazilian Hedge Fund Adding PBR Debt While Issuing Cautious Statement
New York (HedgeCo.net) – Verde Asset Management, the largest hedge fund in Brazil with approximately $7.9 billion in assets, has been adding to its holdings of Petroleo Brasileiro (NYSE: PBR) debt, but is issuing cautious statements about the state-controlled oil […]
Braga and BlueCrest Lessening Ties
New York (HedgeCo.net) – Leda Braga is considered one of the top ladies in the hedge fund industry and some consider her the top female manager. Braga had been with BlueCrest Capital Management from 2001 through the end of 2014. […]
Average Performance Fees for Hedge Funds Falling
New York (HedgeCo.net) – The old standard in the hedge fund industry used to be “2 and 20” which stood for a 2% management fee and a 20% performance fee, but those standards might be a little outdated at this […]
Matlinpatterson Seeks $300 Million For Puerto Rico Recovery Fund
(Reuters) MatlinPatterson hopes to raise $300 million from investors to bet on Puerto Rico’s economic recovery, according to marketing materials seen by Reuters.The New York-based private investment firm, which specializes in debt, is already among a group of hedge funds […]
Latest AAII Survey Shows Increase in Bullish Sentiment
New York (HedgeCo.net) – The American Association of Individual Investors released their most recent sentiment survey last week and the results showed that the number of bulls to bears has been growing in recent weeks. The bullish percentage increased to […]
Brevan Howard Latest Firm to Face Staffing Cuts, Asset Declines
New York (HedgeCo.net) – The last few months have been tough on a good portion of the hedge fund industry and several big-name firms have announced fund closures, asset declines and staffing cuts. One of the latest firms to announce […]