Monthly Archives: February 2011
AngloGold’s Hedge Cuts Boost Dividend, Accelerate Debt Repayment
Bloomberg – AngloGold Ashanti Ltd., the third- largest producer of the metal, raised its dividend payout and paid back debt faster than expected after its decision to cut gold hedges increased the company’s spare funds. So-called cash flow from operations […]
Interest in REITs Casting a Shadow on Hedge Funds
Seeking Alpha – It’s fairly intuitive to think that real estate isn’t the best investment to throw money at these days. Even with talk of a market bottom in the U.S. and report after report of over-inflated prices in Asia, […]
Citigroup Bought by Hedge Funds Lone Pine, Moore
Bloomberg – Citigroup Inc., the third-largest U.S. bank by assets, drew investments from hedge funds including Lone Pine Capital LLC and Moore Capital Management LLC in the fourth quarter as the U.S. government cut its stake. Lone Pine, Stephen F. Mandel’s Greenwich, […]
Bernard Madoff says banks and funds were ‘complicit’ in $90bn fraud
The Guardian – Top banks and hedge funds must have known Bernard Madoff was running a giant Ponzi scheme, the convicted fraudster said in the first public interview since his arrest in December 2008. “They had to know,” Madoff told The New […]
Global Hedge Funds Hit $1.68 Trillion In January
New York (HedgeCo.net) – Hedge funds recorded the seventh consecutive month of positive returns in January as the Eurekahedge Hedge Fund Index gained 0.06% amid mixed performances seen across regional and strategic mandates. The industry attracted US$3.39 billion in net asset flows […]
Insparo launches equity long/short hedge fund with North Africa focus
Hedge Funds Review – Civil unrest in North Africa may provide interesting investment opportunities for Insparo Asset Management’s recently launched Africa Equity long/short equity hedge fund. The Africa-focused fund, managed by Jamie Allsop, launched with $7.5 million of assets under management (AUM). […]
Cohen’s SAC Added to Apple, Genzyme Stakes in Fourth Quarter
Bloomberg – Steven A. Cohen’s SAC Capital Advisors LP boosted its shares of Apple Inc. and Genzyme Corp., two of the top five companies owned by the hedge fund. SAC bought 553,336 shares of Apple, bringing the value of shares […]
Hedge Fund Software: NAU Capital Selects TFG Complete
Press release – TFG Systems, a leading provider of real time risk and portfolio management software to hedge funds, today announces that Nau Capital, a U.K. based investment manager with a global macro outlook investing in emerging markets, has selected […]
Credit Suisse Enters into Global Strategic Agreement with HDFC Asset Management of India
PRNewswire – Credit Suisse’s Asset Management division today announced that it has reached a strategic agreement with HDFC Asset Management Company Ltd. (“HDFC AMC”) of India. Through the strategic agreement, Credit Suisse will become the exclusive distributor of HDFC AMC’s […]
UCITS Hedge Fund Strategy Index starts positive into February 2011
New York (HedgeCo.net) – The UCITS Hedge Fund Strategy (HFS) Index nearly didn’t move in the second week of trading in February, only adding +0.03% to its monthly performance. Thus the broad index is up +0.78% month to date (by […]
People Moves: Palladio Hires Hedge Fund Specialist Katherine Hill
New York (HedegCo.net) – Palladio Alternative Research has hired Katherine Hill as a Managing Director for the Geneva subsidiary. Katherine was most recently a Senior Hedge Fund Analyst at Saad Financial Services, a family office in Geneva. Palladio Alternative Research SA is headed […]
New York Hedge Funds Strike Back In Rothstein Suit
The Daily Pulp – We’ve heard all about how the Centurion and Platinum hedge funds in New York sank hundreds of millions of dollars into Scott Rothstein’s Ponzi scheme. Fort Lauderdale attorney Bill Scherer is suing them, claiming they were privy to the fraud and now […]
