Yearly Archives: 2008
So you think Obama is a reformer. Dream on
This is Money – Perhaps you’ve been imagining that if Barack Obama becomes President of the US, he will impose tough new rules on Wall Street, sweep away the economic inequalities of the Bush years and demand that the gigantic […]
A Seal of Approval for Hedge Funds
Seeking Alpha – In a recent interview, Mr. Stanley Goldstein announced the creation of an industry watchdog group, led by the New York Hedge Fund Roundtable. Its goal is to self-enforce otherwise voluntary and "weak" hedge fund practices. (As I wrote in […]
Partner Files Hedge Fund Management Complaint
West Palm Beach (HedgeCo.net) – The Manager of the K Squared Funds, a New York-based group of hedge funds, was named as a defendant in a lawsuit filed by his ex-partner. The suit brings claims for fraud, breach of contract, […]
Hedge Funds Alone In Fight Against Short-Selling Curb
Among the 300 investor comments filed over the past month with the Securities and Exchange Commission about naked short selling, most voiced opposition to the abusive version of it. Adding to the cry against naked short selling is a new […]
Barratt shares soar on hedge fund interest
Financial Times – Shares in Barratt Developments led the housebuilding sector higher on Monday morning as it revealed a US fund manager had increased its stake in the heavily-indebted company to more than 6 per cent. Polaris Capital Management, a […]
Russell to boost Asia property fund exposure
Reuters Singapore – U.S.-based Russell Investments, which manages over $211 billion (110 billion pounds) in assets, wants to boost its exposure to Asian real estate as it sees growing markets in China and India withstanding a global downturn. The company, […]
Former Long-Term Capital Employee Shys Away from Leverage, Starts Own Fund
New York (HedgeCo.Net) – David Ko, a former quantum physicist and Long-Term Capital Management employee, has set up his own hedge fund according to a report by the Wall Street Journal. Kurtosis Capital Partners will employ a global macro strategy […]
FRM Seeds Asset-Based Lending Hedge Fund
New York (HedgeCo.Net) – Victory Park Capital, a Chicago-based hedge fund, has received a vote of confidence from FRM Capital Advisors in the form of a major investment. Victory Park Capital plans on expanding their asset-based lending fund in hopes […]
Ichan’t Win Them All
New York Post – Corporate raider turned activist investor Carl Icahn is having a tough year. The Far Rockaway, Queens native’s hedge funds are suffering their first losses since the 72-year-old opened them in 2004. The losing streak, which started […]
Sexism and the city: you dont need men when you run $60bn in assets
The Independant – Susan Solovay, founder of a New York-based fund of hedge funds, explains to Martin Baker why her strategy of investing only with female managers will pay off – and why Warren Buffett is in fact a woman […]
Stanley Shopkorn, Ex-Moore Equities Chief, to Start Hedge Fund
Bloomberg – Stanley Shopkorn, a former head of equities trading at Louis Bacon’s Moore Capital Management LLC, plans to open a global stocks hedge fund, according to a person with direct knowledge of the matter. Hilltop Park Fund LP, based […]
Money managers bet big on distressed debt
Reuters – The allure of moribund mortgage bonds and corporate debt has grown so strong that Wall Street’s biggest money managers are picking over their carcasses, suggesting the year-long credit crisis may be over the worst. BlackRock, Third Avenue Value […]