Yearly Archives: 2010
Hedge Funds Bet on Greek Debt Default
NYT – Hedge funds have increased their bets this month on Greece’s economic woes by shorting its bonds or buying default protection, although anecdotal evidence suggests some have cashed in after recent gain, Reuters reported. Even hedge funds without direct […]
Bloomberg Pulling $5 Billion from Quadrangle, Say Sources
NYT – New York City Mayor Michael Bloomberg is pulling about $5 billion of his own money from Quadrangle Group’s asset-management arm, reports The Wall Street Journal’s Peter Lattman, citing people familiar with the matter. The development is another blow […]
Rabbi Charged With Blackmailing Hedge Fund
New York (HedgeCo.net) – Orthodox Rabbi Milton Balkany has been charged with trying to blackmail a hedge fund, threatening to tell authorities about alleged insider trading at the fund, it was reported by Reuters this morning. Athough the prosecutors didn’t […]
BlackRock Said to Plan Asian Hedge Fund
NYT – BlackRock is adding to Asian offerings with plans to launch a a hedge fund to trade corporate bonds in the region, Bloomberg News reported, citing two people with knowledge of the matter. The world’s largest asset manager plans […]
Moore, Maverick join hedge funds headed East
Reuters – Top hedge funds Moore Capital, Maverick Capital, Viking Global Investors and Stark Investments are planning to open offices in Asia over the next few months to meet investor appetite for a slice of Asia’s growth, bankers said. Louis […]
Ex-Man Group CEO plans black box fund
Reuters – International Standard Asset Management, the hedge fund firm headed by former Man Group CEO Stanley Fink, is to launch a computer-driven ‘black box’ fund to rival Man Group’s poorly-performing flagship AHL fund. The firm is launching the ISAM […]
Citadel’s DePietro Uses Hedge-Fund Skills to Direct First Movie
Bloomberg – After graduating from Harvard University in 1993, Julio DePietro got a job with Citadel Investment Group, then a small, obscure financial firm in Chicago. He planned to stay just long enough to pay off his student loans. By […]
Hedge Funds Go On Citigroup Buying Spree In Q4
Banking News – More than 100 hedge funds snatched up shares of Citigroup during the fourth quarter of 2009, with large well-known names like George Soros, Eric Mindich and John Paulson purchasing nearly a half billion shares in the bank. […]
Hedge fund firm GLG’s assets boosted by inflows
Reuters – Hedge fund firm GLG Partners saw assets under management rise marginally in the final quarter of last year as it benefited from client money returning to the industry and modest performance gains. The London-based, New York-listed firm said […]
Hedge funds raise bets in Greek bond crisis
Reuters – Hedge funds have increased their bets this month on Greece’s economic woes by shorting its bonds or buying default protection, although anecdotal evidence suggests some have cashed in after recent gains. Even hedge funds without direct exposure to […]
Hedge Fund Said to Oppose Benihana Plan
NY Times – It appears that resistance is growing to a plan by the managers of Japanese steakhouse Benihana to raise money through a share sale. The New York Post recently reported that the heirs of the restaurant chain’s late […]
Extortion For Dummies? Rabbi Allegedly Targeted Hedge Fund
WSJ – One case that broke last night promises to be yet another attention-grabber. It involves a Jewish Orthodox rabbi from Brooklyn, a yet-unnamed Connecticut hedge fund and a call the rabbi made to the U.S. attorney’s office as part […]