Monthly Archives: November 2013
Hedge funds press Royal Mail for more savings as profits rise
Telegraph – American activist investors in Royal Mail believe that cost savings could be “far more aggressive” at the newly privatised delivery company, raising the prospect that the business could come under pressure from shareholders. Brokers said that US hedge […]
SAC chief operating officer to leave as hedge fund transforms
Reuters – A top lieutenant at Steven A. Cohen’s SAC Capital Advisors will leave the hedge fund in the new year as the once $15 billion firm converts to a family office, according to a memo sent to employees and […]
Hedge Funds Are Taking Over Brooklyn
Private equity and investment firms in recent years have bought up cheap real estate in markets hit hardest by the housing bust. The goal here isn’t to “house flip,” but to rent out homes and take in steady income. The upshot, some […]
Hedge Fund Gold Bets Less Bullish as Paulson Holds: Commodities
Bloomberg – Hedge funds got less bullish on gold, cutting their net-long position to a four-month low, before prices capped the biggest weekly retreat since September. Net holdings in futures and options tumbled 20 percent to 44,291 contracts in the […]
The American Way: SEC Charges Colorado Hedge Fund Trader For Targeting Elderly Investors
New York HedgeCo.Net – The SEC today charged a self-described institutional trader in Colorado with defrauding elderly investors into making purported investments in government-secured bonds as he used their money to pay his mortgage. The SEC alleges that Gary C. […]
Big money dumps Boeing, buys Facebook
CNN – Boeing is the Dow’s best performing stock this year, but hedge funds are turning bearish on the jumbo jet maker. And they really like Facebook. The top 50 hedge funds yanked nearly $1.3 billion out of Boeing (BA, […]
Patient female fund managers trounced male counterparts during recession
eFC – The report, compiled by New Jersey accounting firm Rothstein Kass, found that women-owned alternative investment funds – hedge funds, private equity and venture capital etc. – delivered a 3.6% compound annual return during the five years ending in […]
Activist Pushing for Change at Darden Hires Outside Advisers
NYT – The activist hedge fund pushing for change at Darden Restaurants signaled on Thursday that it was ramping up its pressure. Barington Capital, which it owns over 2 percent of the restaurant group’s shares, announced that it has hired the investment bank Houlihan […]
Hedge Fund Founder And Author Pleads Guilty to Possessing Child Porn
New York (HedgeCo.Net) – Renowned hedge fund founder, adviser and author, Ezra Zask, plead guilty in Manhattan Supreme Court to possessing child pornography yesterday. The plea was made in exchange for probation and registration as a sex offender, Reuters reports. “It’s […]
Hedge funds cut bullish Gold bets on Fed stimulus outlook
BusinessDay – Hedge funds cut bullish gold bets, adding the most short contracts in four weeks, as U.S. economic growth fuels speculation the Federal Reserve will trim stimulus. Holdings across commodities dropped the most since April. The net position in […]
SAC Manager’s Jury Pool Runs From Hedge Fund to Occupy Movement
Bloomberg – SAC Capital Advisors LP fund manager Michael Steinberg’s insider-trading trial began with a Manhattan federal judge questioning more than 50 people out of a pool of about 100 potential jurors about their views on Wall Street, fund managers and financial fraud. […]
South Carolina Hedgie Indicted for Defrauding Investors and Obstructing SEC
New York (HedgeCo.Net) – A former hedge fund manager has been arrested in South Carolina after being indicted by a federal grand jury in Atlanta for defrauding his investors of around $8 million and then obstructing the SEC’s investigation. “Stanley […]