Monthly Archives: November 2013
Hedge funds pitch takeover of Frannie
Seeking Alpha – The closest thing to a cash offer from the private sector to help reorganize housing finance in this country, a number of hedge funds have proposed converting their $34.6B of preferred stock of Fannie Mae (FNMA) and […]
Paulson to Taconic Frozen in Iceland Five Years After Failures
Bloomberg – When Iceland’s banks failed in 2008 under $85 billion of debt, dozens of hedge funds flocked to the island betting they could make money buying up creditor claims. Five years later, they’re still waiting. The firms, including Davidson […]
Hedge funds added to this year’s gains in October
Reuters – Hedge funds added to their performance gains in October as stock markets continued to rally, boosted by the United States avoiding a default on its debt and further signs the world’s largest economies are growing, new data showed […]
Hedge funds back in the balance for pension fund trustees
Pension Funds Online – A Deutsche Bank survey indicates that pension fund trustees are becoming increasingly sure of the merits of hedge fund investing, despite a disappointing year for the industry’s returns. The firm’s annual international survey of hedge fund […]
Hedge funds, the Tories’ cash cow, eagerly repay favours
Independent – A measure in George Osborne’s 2013 Budget which made no headlines outside the financial pages was the abolition of stamp duty reserve tax on UK-domiciled asset management funds. That may not sound like an attention grabber, but it […]
Teachers union fights hedge funds on pensions
CNBC – The American Federation of Teachers union is taking on Third Point’s Dan Loeb and other big hedge fund managers over pensions. “What we said to Dan Loeb and other investment managers is that transparency counts,” AFT President Randi […]
Larry Robbins’ Obamacare Bet Makes Him Hedge Fund Manager Of The Year
WSJ – Larry Robbins, who runs hedge fund firm Glenview Capital Management, made a huge bet on Obamacare and the U.S. stock market that is paying off in a big way. Unless something dramatic happens in the next six weeks, […]
Third Point Reports Third Quarter 2013 Earnings Results
Third Point Reinsurance Ltd. today announced results for its fiscal third quarter ended September 30, 2013. “Following our initial public offering in August 2013, we are off to a strong start as a public company thanks to improving underwriting results […]
SS&C GlobeOp Hedge Fund Performance Index and Capital Movement Index
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for October 2013 measured 1.06%. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.16% in November. “Capital flows for the month were slightly positive, […]
Hedge Fund Titan Loeb Discloses Stake in FedEx
Los Angeles Times – Despite a downgrade from Cowen & Co., shares of FedEx ticked 2% higher on Tuesday after hedge fund giant Daniel Loeb revealed taking a stake in the shipping giant. The disclosure comes as FedEx and rival shipper […]
Ray Dalio, Hedge Fund Genius, Says Meditation Is Secret to His Success
Daily Finance – One of the most successful hedge fund managers in the world attributes his success to a daily meditation regimen. “I’ve been doing it for 44 years, twice a day for 20 minutes,” says Ray Dalio, the guru […]
SEC Makes Deferred Prosecution Agreement With Hedge Fund Administrator
New York (HedgeCo.Net) – For the first time in SEC history the agency has deferred prosecution against a former hedge fund administrator who helped the SEC take action against a hedge fund manager who stole investor assets. The SEC agreed […]