Monthly Archives: November 2011
Jefferies blames lies, hedge funds as shares plunge
Times Colonist – New York-based investment bank Jefferies Group Inc. lashed out at “malicious lies” spread by unnamed hedge funds Monday, blaming them for a plunge in its stock that has sent shares to three-year lows. In a letter addressed […]
Winton Gets 10% of All New Money as Investors Flock to Biggest Hedge Funds
Bloomberg – Winton Capital Management LLC, the London-based firm founded by David Harding, collected more than a 10th of the cash flowing into hedge funds this year as a handful of managers dominated money-raising. Winton, with $26 billion in assets, […]
Hedge Fund Research:: November notifications up 3.44%
New York (HedgeCo.net) – The GlobeOp Forward Redemption Indicator for November 2011 measured 3.44%, up from 2.51% in October. “We expect fund redemption requests to increase as year-end approaches,” said Hans Hufschmid, chief executive officer, GlobeOp Financial Services. “January is […]
Ex-FrontPoint fund manager to serve 5 years prison
Reuters – Former FrontPoint Partners hedge fund manager Dr. Joseph “Chip” Skowron was sentenced to five years in prison on Friday for his role in an insider trading scheme. Skowron, one of the most prominent investors to become embroiled in […]
New Yorker Profiles Hedge Fund Tech Maestro Peter Thiel
New York (HedgeCo.net) – In the upcoming issue of The New Yorker, writer George Packer profiles hedge fund and venture-capital entrepreneur Peter Thiel. The article “No Death, No Taxes” comes out on November 28th. His venture-capital firm, Founders Fund, has an […]
Women-Owned Fund of Hedge Funds Participates in White House Forum
Kimberly Mounts, Managing Partner of MAP Alternative Asset Management Company, a women-owned Fixed Income Fund of Hedge Funds, was one of 120 business leaders who participated in a White House Business Leaders’ Forum recently in Washington, DC. The forum brought […]
Winton Capital Said to Pull in 10% of Hedge-Fund Cash This Year
Bloomberg – Winton Capital Management LLC, the London-based firm founded by David Harding, collected more than a 10th of the cash flowing into hedge funds this year as a handful of managers dominated money-raising. Winton, with $26 billion in assets, […]
Bipartisan committee expected to announce on Monday that efforts to forge a $1.2 trillion deficit reduction plan have failed
Guardian – The bipartisan committee tasked with reducing America’s $15tn (£9.5tn) budget deficit looks close to admitting defeat as its deadline looms. The committee, created in August, has until Wednesday to report a plan to cut $1.2tn from the nation’s deficit. […]
Hedge Funds Cut Bullish Bets by Most in Seven Weeks: Commodities
BusinessWeek – Hedge funds cut bullish commodity bets by the most in seven weeks on mounting concern that Europe’s debt crisis will restrain global economic growth and demand for raw materials. Money managers reduced combined net-long positions across 18 U.S. […]
Hedge fund exit requests up in November – GlobeOp
Reuters – Redemption requests by hedge fund clients gathered pace in November as investors kick-started the traditional year-end evaluation of manager performance after a 2011 blighted by unprecedented volatility and erratic returns, recent data shows. The GlobeOp Forward Redemption Indicator, […]
Richard Medley, Hedge-Fund Advisory Firm Chief, Dies
Bloomberg – Richard H. Medley, founder of hedge- fund advisory firms and a former partner of George Soros, has died at age 60. Medley died Nov. 16 at New York Presbyterian Hospital/Weill Cornell Medical Center after a brief illness, his […]
Hedge Funds Try To Buy Harvard Junior Phi Beta Kappas
Forbes – Just two days after the 20 brainy Harvard students were named Junior Phi Beta Kappas, the highest academic honor they can achieve– and a year before they are to graduate– the biggest hedge funds in Boston wrote them all letters […]