Monthly Archives: February 2011
Hedge funds wary of punts on North African chaos
Reuters – Hedge funds are so far shying away from the political turmoil in North Africa, despite their reputation as risk-takers on the lookout for a quick gain. Only a handful are starting to hunt ways to profit with investments, […]
SEC eyes faster disclosure for activist funds
MarketWatch – The Securities and Exchange Commission may soon require activist hedge fund managers to disclose more quickly the stakes they take in companies whose management they are trying to shake up. The agency effort would also likely make it […]
Plenum Investment Hedge Fund Adviser Henrik Wennberg Resigns
Bloomberg – Henrik Wennberg, who co-founded two Nordic electricity hedge funds at Plenum Investments Ltd., has resigned from the Zurich-based money manager, Plenum Chief Executive Officer Rainer Gruenig said today by e-mail. Wennberg, 44, a senior fund adviser for the […]
Factor Advisors launches spread ETFs for hedge fund traders
Hedge Funds Review – Factor Advisors has launched a family of exchange traded funds (ETFs) that provide exposure to leveraged spread positions through a single instrument. The Factor Advisors ETFs, listed on NYSE Arca, hold paired long and short positions in […]
Scandinavia’s Brummer Closes Its Asian Equity Hedge Fund on Poor Returns
Bloomberg – Brummer & Partners, the largest Scandinavian hedge fund, closed its Asia-focused equity fund and the firm managing it after its performance damped returns, according to the Stockholm-based company’s annual report. The Karakoram fund, which bet on rising and […]
New Asian hedge funds raise $3.8 bln in 2010
Reuters – Assets raised by new hedge funds in Asia surged nearly 50 percent to $3.84 billion in 2010 from a year earlier, yet another sign that investor interest in regional funds has been on the mend since a tough […]
Hedge Fund Analyst Bail Includes House Arrest with Electronic Monitoring Bracelet
New York (HedgeCo.net) – Hedge fund consultant Winifred Jiau has pleaded not guilty to conspiracy and securities-fraud charges in the Galleon investigation. Bail was set at more than $500,000. According to the Seattle Times, the Judge agreed to the bail “Only after […]
Morningstar: January hedge fund performance and asset flows through 2010
New York (HedgeCo.net) – Hedge funds enjoyed a slightly positive January, but trailed most stock-market indexes. The Morningstar 1000 Hedge Fund Index and the currency hedged Morningstar MSCI Hedge Fund Index rose 0.4% and 0.2%, respectively. “Many hedge funds posted […]
Special Report: Is Stevie Cohen the Feds’ Moby Dick?
Reuters – Soon after prosecutors charged two of his former employees with trafficking in confidential corporate information earlier this month, Steven A. Cohen kicked his hedge fund’s damage control operation into high gear. In the morning, top managers at SAC […]
Ex-Goldman Sze step closer to $1 billion-plus hedge fund
Reuters – Former Goldman Sachs Group Inc star trader Morgan Sze moved a step closer to the launch of his $1 billion-plus hedge fund, registering Azentus Capital with the Hong Kong market regulator this week. Hong Kong-based Sze, head of Goldman’s […]
Senator Wyden’s Son Starts Hedge Fund After D.E. Shaw Internship
Bloomberg – U.S. Senator Ron Wyden has a new hedge fund in his basement. That doesn’t mean he’s getting in on the ground floor. His son, Adam, started a fund under the name ADW Capital Partners LP that he runs […]
Trending: Hedge Fund Strategies In UCITS Format
New York (HedgeCo.net) – ML Capital, a leading investment manager and promoted of UCITS funds, has recently published its first Quarterly UCITS Funds Barometer. The presentation follows a survey by ML Capital of active investors currently allocating to UCITS about […]