Monthly Archives: November 2012
Harbinger Group Said to Agree to Buy Exco Gas Stake
Bloomberg – Philip Falcone’s Harbinger Group (HRG) Inc. agreed to buy a stake in U.S. natural-gas fields from Exco Resources Inc. (XCO) for $373 million in a bet on a rebound for the fuel, said a person with knowledge of […]
Unauthorized Apple buy bites Wall Street firm
NYP – One overambitious Wall Street trader has put the future of his firm in peril after making an unauthorized purchase of Apple shares — just as they started a 17 percent decline, according to one report. Rochdale Securities, a […]
Survey: Perceived benefits of hedge fund regulation deteriorates among investors
Despite increasing regulatory requirements for hedge funds, only 10% of investors feel that regulations effectively protect their interests, and 85% of investors do not believe these requirements will help prevent the next financial crisis, according to Ernst & Young’s sixth […]
UCITS Hedge Funds Reach $175 Billion in October
New York (HedgeCo.Net) – The total assets managed by single UCITS hedge funds increased to EUR 137 billion ($175 billion) in October. The UCITS Alternative Index is currently composed of more than 870 constituent hedge funds and funds of hedge […]
Hedge Funds Reduce Bullish Bets Most in Five Months: Commodities
BusinessWeek – Hedge funds cut bullish wagers on commodities by the most since June as prices retreated to a three-month low on mounting concern that Europe’s debt crisis will worsen and U.S. growth slow. Money managers reduced combined net-long positions […]
A hedge fund manager with the right friends
Decan Herald – Raj Rajaratnam, a billionaire investor, once ran the Galleon group, which became one of the world’s largest hedge funds. On May 11, 2011, he was found guilty of fraud and conspiracy, becoming the most prominent figure convicted […]
Top Dutch pension fund takes the shears to hedge funds
CityWire – The Dutch pension system has particularly stringent regulation when it comes to coverage ratios. Fall below the 105% mark and the resulting fallout means a pension fund must review its risk policy and find other ways to boost […]
End of the affair for hedge funds and oil? John Kemp
Reuters – Hedge funds’ enthusiasm for U.S. crude has cooled off, at least for now, as the relentless rise in domestic shale output and the prospect of extended refinery maintenance in the Midwest extinguishes any hope of a rebound in […]
Hedge fund Edoma Partners to shutter
Reuters – Pierre Henri-Flamand, a former head of proprietary trading at Goldman Sachs, is to shut his hedge fund Edoma Partners just two years after its vaunted launch. Flamand cited “unprecedented market conditions” for the closure of his London-based fund, […]
Hedge Fund Opinion: Hedge Fund Summit Speaker Duncan Rolph “Asset Allocation Is Key”
New York (HedgeCo.Net) – To protect and maximize wealth, private wealth managers should focus on asset allocation, as results are primarily driven by that and not by manager performance, advised Duncan Rolph, Partner, Miracle Mile Advisors. Dynamic asset allocation that […]
Imagine a hedge fund manager as president
IDN – In the late summer of 1998, in the wake of the Asian financial crisis, a group of German and French professors of economics organised at the University of Bremen in Germany a seminar to discuss ways to re-regulate […]
After Weak Returns, the Endowment Fund Limits Withdrawals
NYT – The sales pitch for the fund was simple: a chance for individual investors to get in on the same high-octane private equity and hedge funds that have fueled successful returns for large university endowments for years. But now investors in […]