Author Archives: the HedgeCo News Team
Crispin Odey Bets on Banks as Hedge Fund Yields 24%
(Bloomberg) Crispin Odey is fumbling around a storage room in a Georgian town house in London’s Mayfair district, home to Odey Asset Management LLP, his $7 billion hedge-fund firm. Clattering through old computers, boxes of books and forgotten oil paintings […]
Weavering Founder Appears in Court Over Hedge Funds Collapse
(Bloomberg) Weavering Capital (UK) Ltd. founding director Magnus Peterson appeared in a London court today facing six charges of fraud, forgery, fraudulent trading and false accounting over the collapse of the hedge fund in 2009. Judge Michael Snow ordered Peterson, […]
Hedge Funds Feel the Squeeze as Shorts Beat S&P 500
(Business Week) Speculators are abandoning money- losing bets that stocks with the closest links to the U.S. economy will fall as America’s most-hated shares stage the best rally in a year relative to the broader market. The 20 stocks with […]
Hedge funds gain $75bn in 2012
(Investment Europe) – Data from Eurekahedge suggest that the hedge fund industry grew its total assets by $75bn through 2012, as its own benchmark Hedge Fund Index underperformed the MSCI World over the year. The data provider, which monitors some […]
NY Times – A New York State appeals court dismissed a lawsuit brought by hedge funds against Porsche on Thursday, handing the German automaker a big victory in the long-running legal battle over its attempted takeover of Volkswagen. The Appellate […]
One Of The Biggest ‘Hedge Funds’ In The World Is Getting Destroyed By The Yen
(Business Insider) One of the biggest leveraged hedge funds in the world got hit with a 2×4 during the 4th Q. This fund has a mixed bag of assets, but was heavily exposed to big FX positions. The fund made […]
The Big Fiscal Cliff Deal Winners: Hedge Fund And Private Equity Moguls
(Forbes) In 2010 Steve Schwarzman, who runs the private equity and hedge fund behemoth the Blackstone Group, compared efforts to raise taxes on private equity and hedge fund managers with Hitler’s invasion of Poland. Schwarzman ended up apologizing for the […]
Buffett Is Still Crushing That Bet He Made Against Two Hedge Fund Managers In 2008
(Business Insider) It’s 2013, and that means that Warren Buffett is 5 years into a bet he made against two hedge fund managers at New York based fund Protege Partners. Back in 2008, Buffett told Ted Seides and Jeffrey Tarrant […]
Hedge fund industry loses out again
(Financial Times) — Bearish hedge fund managers have lost out in 2012, with the $2tn industry suffering another year of disappointing returns as traders were wrongfooted by a change in fortunes for the eurozone. According to Hedge Fund Research, slight […]
I.A. Englander hires Fredrick Scuteri as COO of its Prime Services division
New York (HedgeCo.Net) – Israel A. Englander & Co. LLC (IAE) is pleased to announce the hiring of Fredrick Scuteri as Chief Operating Officer of its Prime Services division. Scuteri, a 17-year industry veteran, joins Brett Yarkon as co-heads of […]
‘Quant’ hedge funds headed for worst month since Aug 2007
(Reuters) – Computer-driven hedge funds are headed for their worst monthly performance since the start of the credit crunch after making losing bets in dozens of markets including bonds, currencies and commodities. Many of the funds, known as managed futures […]
UK hedge fund firm Polygon sold for $99 mln
(Reuters) – Tetragon Financial Group has bought Polygon Management, once one of the world’s biggest hedge funds and a high-profile casualty of the financial crisis, for $98.5 million, to expand its asset management business. Tetragon said in a statement on […]