Monthly Archives: November 2011
Asia’s Small Hedge Funds Woo Millionaires Amid Cash Squeeze
An Francisco Chronicle – Hedge funds with assets of less than $100 million in the Asia Pacific region are turning to millionaires and family offices for investments as institutions favor funds with more than that amount and proven track records. […]
Chinese ratings agency threatens US with new debt downgrade
Guardian – The head of China’s biggest ratings agency, Dagong Global Credit Rating, is warning that it may downgrade the US’s sovereign debt rating again because of Washington’s failure to tackle the federal budget deficit. The remarks by Dagong’s chairman, Guan […]
Evercore takes stake in hedge fund manager
Dow Jones – Evercore Partners, the investment-banking advisory firm, has bought a stake in its first fund-of-hedge-funds manager by paying $45m for a minority interest in ABS Investment Management, which was founded in 2002 by a team from Credit Suisse. […]
Hedge Funds Are Buying Italian Bonds
CNBC – Some of the hedge funds that made the biggest and most sophisticated bets against European sovereign debt began reversing those trades last week. People familiar with the trading at three large hedge funds that specialize in trading bonds […]
Gold bull Paulson sells third of bullion holdings
Reuters – Hedge fund manager and long-time gold bull John Paulson slashed his bullion holdings by a third in the third quarter, data showed, dampening sentiment in the gold market on Tuesday. Paulson & Co. cut its holding in the […]
Einhorn’s Greenlight Buys Legg Mason While Selling Pfizer
Bloomberg – David Einhorn’s Greenlight Capital Inc. bought stock in money manager Legg Mason Inc. during the third quarter while exiting positions in BP Plc and Pfizer Inc. Greenlight also built new positions in Marvell Technology Group Ltd., CBS Corp., […]
Steve Mandel’s Hedge Fund Performance Slips
CNBC – As hedge funds publish their third quarter letters, Lone Pine’s Steve Mandel joins the ranks of hedge fund managers with lackluster performance. Mandel started Lone Pine Capital in 1997 as a long-short equity fund, and it’s now one […]
Activist Hedge Fund Buys Google, Dumps Gold and Apple
The Street – Barry Rosenstein, founder of Jana Partners, is best known as an investor activist. But the hedge fund manager made some intriguing moves in the third quarter, notably buying more shares of Google while cutting his stakes in […]
Hedge Fund Launch: SYZ & CO Global High Yield
New York (HedgeCo.net) – Swiss banking group SYZ & CO has launched the OYSTER Global High Yield, a new fund investing in high yield fixed income investments. OYSTER Global High Yield is managed by hedge fund, a high yield manager […]
Evercore to acquire 45 pct interest in ABS Investment
Reuters – Investment bank Evercore Partners Inc said it will acquire a 45 percent non-controlling interest in privately-owned ABS Investment Management LLC for about $45 million in cash. Monday’s acquisition is Evercore’s second deal in two weeks. On Oct 31, […]
Circle Health – the ‘social enterprise’ run by the world’s hardest hedge fund managers
Guardian – Circle Health – the company that last week became the first private healthcare operator to take over the running of an NHS district general hospital – has variously been described as a “John Lewis-style mutual”, a “third-sector provider”, and a […]