Monthly Archives: November 2011
Hedge Funds Sold Citigroup as Shares Fell in Third Quarter
Bloomberg – Paulson & Co., Lansdowne Partners LP and Lone Pine Capital LLC were among investment firms that cut stakes in Citigroup Inc. (C) as shares of the bank slid 38 percent in the third quarter. Paulson & Co., founded by billionaire John […]
Italian police raid ex-hedge fund manager Micalizzi
Reuters – Italian police have raided two properties and launched a fraud investigation into ex-fund manager Alberto Micalizzi, whose hedge fund collapsed during the credit crisis losing investors hundreds of millions of dollars. Milan public prosecutor Alfredo Robledo told Reuters […]
Investor Demand for Hedge Funds Rebounds Following Terrible Third Quarter
Advanced Trading – Although the near-term outlook for the hedge fund industry remains murky in light of the European debt crisis and ongoing weak U.S. economic growth, the picture is brighter for the sector over the long haul. Even as […]
Hedge Funds Raise Oil Bets to Highest Since May
Bloomberg – Hedge funds raised bullish bets on oil to the most since May as speculation that Europe’s leaders will resolve the sovereign debt crisis helped drive crude to a three-month high. The funds and other large speculators increased wagers […]
Dymon Hires Ex-Brevan Howard’s Raman as Fund Hits $1.9 Billion
San Francisco Chronicle – Dymon Asia Capital, the fastest- growing hedge fund in Singapore, hired a former Brevan Howard Asset Management LLP portfolio manager as assets rose to about $1.9 billion last month. Rajesh Raman, who previously managed an Asian […]
Hedge funds outperform equities
Business Report – The Blue Ink Composite (BIC), which tracks the performance of around 100 Hedge Funds in South Africa, reported a steady increase of 0.9% for the third quarter of 2011. The BIC outperformed the JSE All Share Total […]
SEC charges San Diego-based investment adviser and president with fraud
Hedge Week: The Securities and Exchange Commission has charged a San Diego-based investment advisory firm and its president with fraud for failing to disclose a conflict of interest to clients and materially misrepresenting the liquidity of a hedge fund they […]
Hedge Fund Linked To Olympus Accounting Scandal
Finalternatives – Japanese camera maker Olympus Corp. may have used investments with a well-known Bermuda hedge fund to hide more than US$1 billion in investment losses. A former Paine Webber banker told Reuters that his former firm helped craft so-called […]
Hedge Funds Ejected Citigroup as Shares Slid in Third Quarter
(Bloomberg) – Paulson & Co., Lansdowne Partners LP, and Lone Pine Capital LLC were among investment firms that cut stakes in Citigroup Inc. as shares of the bank slid 38 percent in the third quarter. Paulson & Co., founded by […]
UK-based Wessex closing Asia hedge fund on asset slump
Reuters – UK-based Wessex Asset Management is closing three hedge funds, including one that invests in Asia-Pacific, the money manager said in a letter to investors, following a drop in assets under management and double-digit losses in 2011. The closure […]
Hedge Funds Raise Oil Bets to Highest Since May
SF Gate: Hedge funds raised bullish bets on oil to the most since May as speculation that Europe’s leaders will resolve the sovereign debt crisis helped drive crude to a three-month high. The funds and other large speculators increased wagers […]
Sadis & Goldberg Alert: Hedge Fund SEC Filing Deadlines
New York (HedgeCo.net) – On October 31, 2011, the Securities and Exchange Commission (“SEC”) adopted new rules under the Commodity Exchange Act and the Investment Advisers Act of 1940 to implement provisions of Title IV of the Dodd-Frank Wall Street […]