Monthly Archives: November 2012
Hedge fund cashes in on Greek bonds
Reuters – London-based hedge fund Adelante Asset Management has made a 70 percent gain on a sale of Greek bonds, showing the potential for big profits from betting on a recovery in the fortunes of a country effectively off-limits to […]
Mill Valley hedge fund managers spend big to promote anti-union initiative and defeat tax measure
Marin Independent – Two partners in the same Mill Valley-based hedge fund, SPO Partners, have contributed about $1.75 million to help defeat Proposition 30 and to promote Proposition 32. William Oberndorf has emerged as one of the top contributors, giving $1.1 million […]
Barclays faces record £290m penalty
Guardian – Barclays took another major hit to its already bruised reputation last night when a US regulator threatened the bank with a record $470m (£290m) penalty for allegations that it attempted to manipulate the US electricity market. After the London […]
Citi Offers Customers Financial Recovery Solutions in Wake of Hurricane Sandy
PRNewswire – Due to severe weather across the eastern part of the United States, Citi is providing affected customers with financial recovery solutions, including access to cash and waived fees. Proactive waivers will be applied to the following fees through at […]
Credit Suisse Raises $420 Million to Create Mexico Fund
Bloomberg – Credit Suisse Group AG (CSGN) raised $420 million for a new investment fund focused on Mexico, as Switzerland’s second-largest bank taps clients in an economy forecast to grow twice as fast as Brazil’s. The Credit Suisse Mexico Credit […]
Risk-AI and BarclayHedge Launch Hedge Fund App
New York (HedgeCo.Net) – Risk-AI and BarclayHedge have collaborated to produce the first hedge fund risk application for the iPad. The new application allows users of Risk-AI’s Transparency Analytics software to view data and analysis wherever they can use their iPad. […]
Throgmorton Hires Hedge Fund Tax Specialist
New York (HedgeCo.Net) – Throgmorton, one of the UK’s largest hedge fund accountancy and back office service providers, has announced a major hire in Neil Oliver, formerly a senior director with Ernst & Young and a tax consultant with over […]
How Not To Run A Hedge Fund: Geoff Grant Edition
Forbes – Most amusing little snippet in FT’s Alphaville: Grant Capital Partners is being shut down. This hedge-fund manager wind-down is brought to you by Geoff Grant, one of the same gentlemen behind Peloton Partners’ enormous fall. Fun fact from the […]
Hedge funds swoop on Falklands oil search
Reuters – Hedge funds have been quietly building up stakes in the fledgling oil explorers operating off the Falklands, betting that companies will ignore the threats made by Argentina to disrupt the activity. Lansdowne Partners, one of Europe’s most powerful hedge funds, […]
Three Hedge Fund ETFs for Uncorrelated Returns – ETF News And Commentary
Nasdaq – With markets clearly entering a ‘muddle through’ phase in which low growth and uncertainty are the norm, many investors are reevaluating some of their portfolio choices. This is especially true as a variety of U.S.-centric firms warn or […]
Hedge Fund News: David Einhorn, George Soros, Netflix
Insider Monkey – David Einhorn is Shorting Iron Ore (Benzinga) Hedge fund whiz David Einhorn gave a presentation at the Great Investor’s Best Ideas investment symposium in Dallas on Tuesday. While the media was not allowed at the event, portfolio manager […]
Hedge funds cut bullish oil bets to 3-month low
Financial Post – Hedge funds reduced bullish oil bets to the lowest level in almost three months as futures declined and U.S. crude stockpiles increased. Money managers slashed wagers on rising prices for the fourth time in five weeks, cutting net-long […]