Monthly Archives: November 2013
Terrapin Buys Hedge Fund Advisory Arm Of Hennessee
New York (HedgeCo.Net) – Hedge fund adviser Terrapin Asset Management LLC., yesterday announced that it has acquired the hedge fund and private equity fund advisory business of Hennessee Group LLC. Hennessee’s hedge fund advisory business was founded in 1987 by […]
Morningstar Hedge Fund Index Up 7.2% Through October 2013
New York (HedgeCo.Net) – Morningstar has reported preliminary hedge fund performance for October 2013 as well as estimated asset flows through September. “Global stock and bond markets pulled back in the beginning of the 16-day U.S. government shutdown in October,” […]
Healthcare and Consumer Sectors to Attract New Foreign Capital
“Hennessee Group LLC will be adding a China-only index (hedge funds with 50% or more exposure to China) as it sees new policies being implemented in China that are as profound to the economic development of China as the socio-economic […]
Hedge Fund Analyst Claims He was Paid $2 Million For Insider Tips
New York (HedgeCo.Net) – A former analyst for hedge fund Diamondback Capital Management claims that he received a bonus of over $2 million the same year his insider trading tips helped the hedge fund earn over $3.8 million. The hedge fund has […]
Liquidators Of Bear Stearns Hedge Funds Accuse Rating Agencies Of Fraud
Mondaq – On November 12, the liquidators for two Bear Stearns overseas hedge funds filed their complaint against McGraw Hill, Standard & Poor’s, Moody’s, and Fitch (collectively the rating agencies) in an action in New York Supreme Court alleging that […]
Expect more hedge fund-backed reinsurers
Royal Gazette – Expect to see more hedge fund managers setting up reinsurance companies in Bermuda as a way of boosting their investment returns. That was one of the takeaways from the seventh annual EY Hedge Fund Symposium last week […]
Direct lending firm hits $3 billion as investors pile in
CNBC – Amid still tight lending from traditional sources, direct lending is hot and Steve Czech is taking full advantage. The hedge fund firm he runs, Czech Asset Management, has just closed its second fund to new capital after raising […]
A Debate Over Paying Board Nominees of Activist Funds
DealBook – When executives serve on a company’s board, they are often handsomely compensated. But as activist hedge funds continue to get more of their preferred candidates on the boards of companies, some of the hedge funds are angling for […]
Hedge Funds See Repeat of Yen Slide That Paid Soros: Currencies
Bloomberg – Hedge funds are betting on another run of yen weakness, a trade that made money earlier this year for billionaire George Soros, putting them in opposition to economists who see Japan’s currency little changed into 2014. Futures traders […]
Here Are 25 Stocks That Hedge Funds Are Shorting Like Crazy
Business Insider – The S&P 500 closed at an all-time high of 1,804 on Friday, and Wall Street’s short sellers with the resources to ride out the high have been salivating waiting for the market to crumble. Goldman Sachs’ new […]
Galleon Hedge Fund: California Techie to Pay $60,000 To Settle SEC Charges
New York (HedgeCo.Net) – Another tech employee at a Silicon Valley-based semiconductor company has been charged for his role tipping nonpublic information used in connection with Raj Rajaratnam’s massive insider trading scheme. The SEC alleges that Sam Miri, who worked […]
RBS accused of pushing small businesses to the edge to boost profits
The Guardian – City regulators have been handed a dossier of evidence compiled by an adviser to Vince Cable which claims that Royal Bank of Scotland was deliberately wrecking viable small businesses to make profits for the bailed out bank. The business secretary – […]