Monthly Archives: November 2013
China’s Billionaires Are The Youngest In The World
At 53 years old, the average age of China’s 157 billionaires is nine years younger than the global average, according to the Wealth-X and UBS Billionaire Census 2013. The report, the first-ever global study on this ultra wealth tier, also […]
Hedge Funds Grab Greek Assets
The Street – Hedge funds have repeatedly come to Greece, in expectation of outsized profits in the long run. During Greece’s six year long recession, the troubled economy has twice sought help from bailout programs. While there is nothing rosy […]
If Wall Street Loves Technology Stocks, Why Are Hedge Funds Selling Them?
24/7 Wall St – For much of the past two years, technology has dominated both long/short exposure and long/short performance in the hedge fund world. This has changed over the past quarter with technology dropping from overweight to simply in-line. The […]
Hedge fund Shale Community BanFund looking at Ohio banks in Utica shale region
BizJournals – Investment banking firm Boenning & Scattergood Inc. has witnessed shale development transform community banking throughout much of Pennsylvania. So it’s without pause the Philadelphia-area firm sets sights on the Marcellus and less-developed Utica shale play with a new spinoff of […]
Singapore-based hedge fund Blue Rice to close, return money to investors
Reuters – Blue Rice Investment Management, founded in 2009 by the former chief investment officer for Korea Investment Corporation, Guan Ong, will return capital by the end of 2013, he told Reuters on Tuesday, adding to a growing list of […]
Ex-GoldenTree’s Leon Wagner joins credit hedge-fund firm Trilogy
Leon Wagner, the retired chairman of GoldenTree Asset Management, joined credit hedge-fund firm Trilogy Capital, according to a letter to investors. Wagner’s credit-focused investment firm LWPartners will merge with Greenwich-based Trilogy and become a partner in the hedge-fund manager, according to the Nov. […]
Activist Hedge Funds Fight For Media Company Management
New York (HedgeCo.Net) – Minnesota-based entertainment company ValueVision Media has rejected proposals by $1.5 billion activist hedge fund Clinton Group to hold a shareholder meeting in order to elect a new CEO and board of directors. The Clinton Group then joined […]
Emerging Market Hedge Funds Up In October
New York (HedgeCo.Net) – The latest HFR Emerging Markets Hedge Fund Industry Report announced over the weekend that Emerging Markets hedge funds extended year-to-date performance gains in the third quarter. US equity and currency markets also posted a strong recovery on a […]
Activist Investors get more respect amid strong returns
Reuters – There was a time when corporate executives immediately turned defensive when an activist investor demanded a management shakeup or stock buyback, but those times are changing. Today some executives are willing to break bread with their erstwhile Wall […]
NYC hedge funds crack fracking titan
NY Post – A pair of New York-based hedge funds outmaneuvered new-age oil and gas titan Tom Ward, head of SandRidge Energy, according to a new book centered on the epic fortunes of a group of natural-gas wildcatters. Wall Street […]
France may be ‘major pothole’ in ’14, says hedge fund star Hintze
Reuters – CQS founder Michael Hintze, one of Europe’s most influential hedge fund managers, has warned that France’s struggling economy could present a “major pothole” for investors in 2014. Hintze, whose firm manages around $12 billion and who was one […]
Iceland Tells Hedge Funds Not to Bet on 75% Claims Writedown
Bloomberg – Iceland’s government says speculation by creditors in the island’s failed banks, many of whom are hedge funds, that they will need to take a 75 percent writedown on their claims is an exaggeration. “The 75 percent was mentioned […]