Monthly Archives: November 2011
Hedge fund exits tumble as investors seek refuge
Reuters – Exits from hedge funds slowed by almost four-fifths in the month to November 1 than in the prior period, as demand for risk management strategies rallied on worries Europe’s debt crisis could be tip-toeing towards the endgame, data […]
Survey: Paulson, Einhorn Among Most Trusted; BAC, BRKA Favored
Barron’s – A high-end investment club has put out its latest survey of 180 wealthy members who collectively manage $15 billion in assets. Among the handful of hedge fund managers that they trust the most are familiar names such as Paul […]
Hedge funds want to hire technologists with gaming and research backgrounds
eFinancial Careers – Hedge funds are still hiring technologists, more IT professionals within investment banks want to make the switch across…but hedge funds are increasingly recruiting from outside the financial sector. If you’re a developer working on a cutting edge […]
SEC charges 2 local hedge fund managers tied to Petters scheme
Star Tribune – Two Minnetonka-based hedge fund managers were charged Wednesday by the Securities and Exchange Commission for their involvement in the Tom Petters Ponzi scheme that collapsed into a $3.65 billion mess more than three years ago. James Fry […]
ETFs to the rescue of emerging market hedge funds
Fierce Finance – Hedge funds bailed out of emerging markets in September, driven in part by heightened redemptions. That helped spark a large decline in most of the emerging market indexes. The Barclay Emerging Markets Index, for example, fell nearly […]
Judge orders hedge fund manager Rajaratnam to pay $92.8m in SEC case
Banking Business Review – The Securities and Exchange Commission has obtained a financial penalty of $92.8m against billionaire hedge fund manager Raj Rajaratnam for widespread insider trading. A federal jury in May 2011 convicted Rajaratnam of 14 counts of securities […]
Hedge fund executive set to blast into space – twice
Reuters – A visit to outer space would be a once in a lifetime adventure for most people. But if all goes to plan over the next three years, a Singapore-based hedge fund executive will blast off not once but […]
Citi Launches Hedge Fund 3.0
New York (HedgeCo.net) – Citi’s Hedge Fund 1.0, saw the hedge fund industry as a niche business, with funds typically relying upon a single prime broker to support trading and reporting. In Hedge Fund 2.0, the next evolutionary phase, funds […]
Hennessee: Hedge Funds Up +2.46%, Equity Markets Experience Best October in 37 Years
New York (HedgeCo.net) – The Hennessee Hedge Fund Index advanced +2.46% in October (-2.95% YTD), while the S&P 500 increased +10.77% (-0.35% YTD), the Dow Jones Industrial Average advanced +9.54% (+3.25% YTD), and the NASDAQ Composite Index climbed +11.14% (+1.19% […]
Distressed debt ‘will be the next hedge funds opportunity’
Dow Jones – Ardano, a pensions manager that looks after about £5bn in the UK and is a large investor in hedge funds, is considering a move into distressed debt strategies if and when the eurozone crisis moves toward resolution […]
Millionaires list favorite fund managers
Reuters – Hedge fund managers Paul Singer, Robert Zoellner, Kyle Bass and Israel Englander are among the handful of people millionaires trust with their riches. Norman Miller, Richard Dowdle, David Einhorn, Andreas Halvorsen and John Paulson — whose superstar reputation […]
TrimTabs: Hedge Funds Bleed; ETFs Exceed
TrimTabs – While hedge fund investors redeemed $5 billion in September and helped set off a plunge in emerging market indexes, ETF investors have been busy putting money into the market, according to New York-based financial research firm TrimTabs. Over […]