Monthly Archives: February 2011
Bank sued by funds in US over $200m
Irish Times – Anglo Irish Bank is being sued in federal court in New York by noteholders seeking to enforce the Dublin-based lender’s agreements on two series of notes with an aggregate principal of $200 million. Fir Tree Capital Opportunity […]
Shumway Returning Money Shows Perils of Investing in Hedge Fund Managers
Bloomberg – Goldman Sachs Group Inc. last year bought stakes in Shumway Capital Partners LLC and Level Global Investors LP, as a way for its clients to share in the fees of the two multibillion-dollar hedge funds. This month, both firms […]
Getting a Glimpse Into Hedge Funds’ Holdings
DealBook – American hedge funds reported their quarterly holdings on Monday, offering the public a rare — albeit delayed — insight into the stocks held by top money managers. The regulatory filings, known as 13Fs, display position level detail of […]
Discount contraction makes listed hedge funds a game still worth playing
Hedge Funds Review – Potential for narrowing discounts of listed hedge funds is “significantly more encouraging” than the below 10% returns most investors expect from the broader industry this year. Three-quarters of listed hedge fund investors polled recently by Royal […]
Hedge Fund Launch: The Insparo Africa Equity Fund
London – Insparo Asset Management (“Insparo”) has launched a new fund that will capitalise on the huge growth potential of African businesses and the rise of the continent’s consumer culture. The eagerly-anticipated fund becomes Insparo’s second offering, following the remarkable […]
Raided hedge fund Level Global to shut down
Reuters – Level Global Investors, one of four hedge funds raided by authorities last November in a broad investigation into insider trading, told investors on Friday it would shut down, citing the pressure of the probe and investor redemptions. The Connecticut-based […]
US hedge fund eyes China elderly housing: report
AFP – US finance firm Fortress Investment plans to raise $1 billion for a China fund that would invest in housing for the elderly, as authorities contend with a looming ageing problem, a report said Monday. The hedge fund and […]
Hedge Funds Increase Bullish Wheat Bets to Highest Since 2007
Bloomberg – Hedge funds increased their bullish bets on wheat to the highest in more than three years amid shrinking global supplies and mounting concern that food inflation will accelerate. In the week ended Feb. 8 on the Chicago Board […]
Advanced Markets launches Tri-Party partnership with Deutsche Bank National Trust Company
CHARLOTTE, N.C. – Advanced Markets LLC (AM), A Direct Market Access (DMA) FX trading firm, has announced a strategic partnership with Deutsche Bank National Trust Company (DBNTC) to offer an innovative fiduciary global deposit solution to its clients. The product […]
Galleon/Rajaratnam Hedge Fund Trial Phostponed Till March 2011
New York (HedgeCo.net) – U.S. District Court Judge Richard Holwell in New York has postponed hedge fund founder Raj Rajaratnam’s trial from February 28, to March 8th, according to Reuters. The judge did not provide a reason. Reuters reported that according to […]
Hedge fund managers look to institutional investors
HedgeStrategy – Nearly half of hedge fund managers plan to market specifically to institutional investors in the coming year, according to the latest study from Preqin. It has emerged that 61% of hedge fund capital now comes from institutional investors […]
Indicted hedge fund trader linked to Cohen, Druker
Reuters – Steven Cohen and Neil Druker are at opposite ends of the spectrum when it comes to hedge fund fame and trading prowess. But both wealthy hedge fund managers now find themselves linked to a U.S. insider trading investigation […]
