Monthly Archives: November 2012
The World’s Hottest Hedge Fund Manager Has Been Buying Facebook
Forbes – The hottest hedge fund manager in America, who has traded Facebook better than anybody, was a big buyer of Facebook stock during the summer. Charles “Chase” Coleman’s $8 billion Tiger Global hedge fund held 11.7 million shares of Facebook, valued […]
Some hedge fund “Tiger Cubs” slash Ralph Lauren, others add
Reuters – A group of hedge funds seeded by veteran investor Julian Robertson cropped their stake in fashion brand Ralph Lauren Corp in the third quarter, even as the retailer attracted some of the biggest names in the $2 trillion […]
Hedge fund trial hears payments via wife
AU – Tens of thousands of dollars paid to a corrupt analyst for secrets was funnelled through his wife, an ex-analyst has told the insider trading trial of two former US hedge fund managers. The testimony by Jesse Tortora came […]
Job cuts and regulation push bankers toward hedge funds
Reuters – The hedge fund industry is expected to see a wave of new launches in the next year by traders who have lost their jobs at investment banks or who have left in search of better pay. The start-ups […]
Hedge Fund CEO: Obama Is Right — the Rich Are Not Paying Their Fair Share of Taxes
New York (HedgeCo.Net) – Vinod Gupta, CEO of hedge fund manager Everest LLC, shares his thoughts on U.S. tax rates: “I agree with President Obama that the rich just aren’t paying their fair share. That is why we have a […]
Where Hedge Funds Are Looking Now: Scaramucci
CNBC – Following the U.S. presidential election, hedge funds are adding risk to their portfolios, Anthony Scaramucci of SkyBridge Capital said Monday on CNBC. “More risk is being taken right now,” he said on “Fast Money.” Beta adjustment is also […]
U.S. Bancorp Unit to Buy AIS Fund Administration
American Banker – U.S. Bancorp (USB) is beefing up its business that administers funds on behalf of investment managers. The $352 billion-asset company said Tuesday that its U.S. Bancorp Fund Services unit would buy AIS Fund Administration, a provider of […]
Latest insider trading case focuses on hedge funds
WSJ – A money manager the government says set a record by making $50 million on a single trade based on inside information went on trial Tuesday as a prosecutor promised to take jurors “into the world of hedge funds.” […]
Job cuts, regulation push bankers toward hedge funds
Reuters – The hedge fund industry is expected to see a wave of new launches in the next year by traders who have lost their jobs at investment banks or who have left in search of better pay. The start-ups […]
Agecroft wins HFMweek’s and Hedge Funds Review Awards
New York (HedgeCo.Net) – Agecroft Partners was recognized by Hedge Funds Review as the 2012 Best US Third Party Marketing Firm. This was determined by voters in their industry survey which included single manager hedge funds, institutional investors, and funds of hedge funds from around the […]
Jury Chosen In $67 Million Hedge Fund Insider Trading Case
New York (HedgeCo.Net) – A hedge fund manager and a relative of another have been excused from the jury in the Manhattan trial hedge find managers Anthony Chiasson and Todd Newman, Bloomberg reports. The jury now consists of seven women and […]
SS&C GlobeOp Hedge Fund Performance Index and Capital Movement Index
The Capital Movement Index for November shows net flows advanced 0.54%. “Overall capital activity remains consistent with previous years as hedge funds enter the last quarter with positive capital flow,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. The […]