Author Archives: the HedgeCo News Team
The Who’s Who of Hedge Funds Defend Their Industry
New York (HedgeCo.Net) – Five billionaire hedge fund managers stood up before Congress yesterday and shared their differing views on the hedge fund industry. George Soros, Philip Falcone, John Paulson, James Simons and Ken Griffin all took turns defending hedge […]
The Players: Hedge Funds’ Richest
Philip Falcone The Phantom Falcone, 46, has been dubbed the "Midas of misery" for taking lucrative short positions in the shares of struggling banks including HBOS and Wachovia. He lives in a 27-room townhouse on Manhattan’s Upper East Side bought […]
Hedge fund managers to testify in Washington
International Herald Tribune – Hedge fund managers usually shun the spotlight. But five of them, billionaires all, are about to come under the glare on Capitol Hill. The money managers — Philip Falcone, Kenneth Griffin, John Paulson, James Simons and George […]
Why diesel is pricey; and the hedge in those hedge funds
Globe and Mail – People often think that the price of crude oil is the only factor affecting the retail price of finished petroleum products, but this is not true, said Cathy Hay, an analyst at Calgary gasoline consultancy MJ […]
Hedge funds back short selling ban
Sydney Morning Herald – The hedge fund industry says it supports federal government plans to ban naked short selling and impose a disclosure regime for covered short selling. The Australian arm of the Alternative Investment Management Association (AIMA) said the […]
Hedge funds using technicals tipped for 2009-2010
Reuters – Hedge funds using technical indicators are likely to fare better in the next two years than those purely basing their strategy on economic fundamentals, a survey of around 200 investors showed on Wednesday. The survey of asset managers, […]
Palm Beach Hedge Fund Burned by Ponzi-Schemer Petters
New York (HedgeCo.Net) – South Florida-based hedge fund Palm Beach Finance Partners LP says it lost more than $1 billion to the company run by famed fraudster Tom Petters. Petters headed Minnesota-based Palm Beach Finance Holdings Inc. before being charged […]
Hedge funds not defensive after all
The Age – A big difference between this year’s bear market and earlier declines is that most investors who have their money invested in multi-sector balanced superannuation funds have received little protection from the traditional defensive asset class, fixed interest. The […]
Hedge Funds Lost $100 Billion on Investor Withdrawals
Bloomberg – The global hedge fund industry lost $100 billion of assets in October, according to an estimate from Eurekahedge Pte, as firms including Sparx Group Co. and Man Group Plc were hammered by investor redemptions. Funds fell an average […]
AdultVest Closes Offering on Priapus, Says Fund on Track for the Year
West Palm Beach (HedgeCo.net) – Alternative investment management firm and Hedge Fund Launch of the Year Award Winner, AdultVest, Inc., announced it officially closed its offering in the Priapus Investment Fund, LLC. "In spite of the US and Global economic […]
Brazil Hedge Funds See Record Outflows Even as They Beat Market
Bloomberg – Brazilian hedge funds saw a record 14.3 billion reais ($6.7 billion) in withdrawals last month after returns trailed a fixed-income benchmark even while defying a 25 percent plunge in the Bovespa stock index. The redemptions brought total outflows […]
TPG’s Bonderman eyes debt assets sold by hedge funds
Reuters – David Bonderman, one of the the most influential figures in the U.S. private equity industry, said on Thursday his firm, buyout giant TPG Capital , wanted to buy debt assets offloaded by troubled hedge funds. Bonderman, speaking at […]