Monthly Archives: November 2012
Asia’s hedge funds wither on the vine as money flows shift
Reuters – The Asia hedge fund run by Howard Wong and Rajesh Ranganathan has produced returns nearly four times better than its peers this year, with an experienced team that over the last decade has notched up some of the […]
Oil Market News: Crude Falls; Hedge Funds Cut Bullish Bets
Bloomberg – Hedge funds trimmed bullish bets on crude to the lowest in more than two years as demand fell in the wake of Hurricane Sandy, production increased to the highest since 1994 and U.S. President Barack Obama won re-election. […]
Investors moved back into hedge funds in October
Reuters – Investors put more cash into hedge funds than they withdrew over the past month, attracted back into the sector by one of the few recent months in which managers outperformed stocks, new data showed on Monday. Net inflows […]
Gas prices: FSA examines whistleblower’s claims of ‘Libor-like’ manipulation
Guardian – The City watchdog, the Financial Services Authority, is investigating claims by a whistleblower that Britain’s £300bn wholesale gas market has been “regularly” manipulated by some of the big power companies, exploiting weaknesses that echo the recent Libor scandal. […]
Man Group Appoints Citi to Provide Fund Administration Services
Citi has successfully completed the implementation of Man Umbrella SICAV, the Luxembourg fund business of the Man Group Plc (“Man”). Citi will provide an integrated range of services that includes custody, depositary bank, fund administration and transfer agency services. Man […]
SEC Charges Louisiana Hedge Fund Manager With Fraud
New York (HedgeCo.Net) – A hedge fund manager in Baton Rouge has been charged by the SEC with defrauding investors by hiding $32 million in losses. Walter Morales, Commonwealth Advisors and the hedge funds they managed bought the lowest and riskiest tranches […]
Hedge Fund News: Carl Icahn, Greg Coffey, Marc Leder
Insider Monkey – Navistar International Corp bond yields are rising while those of other U.S. junk-rated truckmakers fall as investors penalize it for an engine design flaw and Carl Icahn expands his influence in the industry. Yields on its notes are up 2 […]
Hedge Funds Care’s Annual Charity Gala at the Children’s Museum of Boston
Hedge Funds Care, an international non-profit organization which raises funds and awareness for programs to prevent and treat child abuse, will hold its 7th Annual Boston Open Your Heart to the Children Benefit on Thursday November 15, 2012, from 6:00 […]
Hedge fund bets on Greek recovery
Reuters – The steep sell-off in Greek assets is tempting some investors – including hedge funds – to wager the crisis-hit country’s bond and stock markets offer a bargain. Dromeus Capital, which specialises in emerging markets, has launched a fund […]
Greece passes 2013 austerity budget
The Herald – Greek lawmakers approved the country’s 2013 austerity budget early Monday, an essential step in Greece’s efforts to persuade its international creditors to unblock a vital rescue loan installment without which the country will go bankrupt. The budget […]
Ex-Goldman Trader Accused of $118 Million Loss Denies Fraud
Reuters – A lawyer for a former Goldman Sachs Group Inc. trader denied on Friday [Nov. 9] U.S. civil accusations that his client had defrauded the Wall Street bank of $118 million. The trader, Matthew Marshall Taylor, was sued on […]
Bain Capital Invites Investors, Everyone To Stop Hating It Now
HuffPo – Let’s face it, this has been a tough year for Bain Capital. But in a new letter to investors, Bain says it’s doing just fine, and hopes you’re fine with Bain. “Now that the US presidential election is […]