Author Archives: the HedgeCo News Team
Blackstone-Backed Senrigan Hedge Fund Said to Lose 15% in 1H
Bloomberg: Senrigan Capital Group Ltd., an Asia-focused event-driven fund backed by Blackstone Group LP (BX), lost almost 15 percent in the first six months of this year, according to a performance estimate sent to investors. Senrigan Master Fund’s net-asset value […]
Traxis to Liquidate Biggs’s Hedge Fund Into Another Pool
BusinessWeek: Traxis Partners LP, the $1.2 billion hedge fund started by Barton Biggs, told clients it will liquidate a vehicle he managed and transfer the assets to another pool following his death over the weekend. The Traxis Global Equity Macro […]
Hedge Funds Future: Time to ‘Separate Men From Boys’
CNBC: A once promising year for hedge funds has turned into another trudge through the muck, indicating that it may be time for the industry to rethink the way it does business. Hedge fund returns for the first half of […]
Opinion: 4 reasons the hedge fund industry is dead
Marketwatch Blog: The era of multi-billion dollar hedge funds, with their “2 and 20” fee structures, high portfolio, and employee turnover, looking no farther ahead than this year’s bonus, is over. The Economist came out with a piece last week […]
Hell Hath No Fury Like a RICO Action: Racketeering Charges Filed in Hedge Fund Divorce
http://observer.com – How angry an ex would you have to be to file racketeering charges against your spouse? That’s a question Elizabeth Bingham-Perry could answer. The Scarsdale resident filed a civil RICO action against her husband Jeffrey Perry in the […]
SEC Releases FAQ for new Form PF Requirements
ComplianceWeek: The Securities and Exchange Commission has issued a collection of “frequently asked questions” regarding the new Form PF required of registered investment advisers that manage $150 million or more in assets attributable to private funds. The document seeks to […]
More Hedge Fund Managers Buying Insurance
Finalternatives: Call it another form of hedging: the vast majority of hedge fund managers (82%) carry professional indemnity insurance, according to a new survey from Baronsmead. That total is up significantly from 2010, when it stood at 64%. The London-based […]
ABN AMRO Private Banking goes overweight on hedge funds
Opalesque – Speaking at the Opalesque Monaco Roundtable – which will be published in July 2012 – Marc de Kloe, Alternative Investments Manager, ABN AMRO Private Banking said that ABN AMRO Private Banking has moved from Neutral to Overweight on […]
Pension Investment Management Company AIJ President Arrested in Japan
New York (HedgeCo.Net) AIJ President Kazuhiko Asakawa, 60, was arrested on suspicion of defrauding two corporate pension funds by presenting false investment performance records last year. This comes after a March raid of AIJ’s headquarters as well as 20 other […]
Fund of Hedge Funds Prisma Capital Partners purchased by KKR
New York (HedgeCo.Net) – Kohlberg Kravis Roberts, a leading global investment firm, today announced an agreement to acquire Prisma Capital Partners LP (“Prisma”), a leading provider of customized hedge fund solutions. The New York Based Prisma Capital Partners has made […]
Hedge Funds Boost Bullish Bets on Stimulus Outlook: Commodities
(Bloomberg) — Hedge funds raised their bullish commodity bets as mounting speculation that central banks will announce more economic stimulus halted a slide in prices and drove gold to its longest rally since August. Money managers raised combined net-long positions […]
Hedge fund managers in nervous mood for Monaco summit
(Reuters) – Three days in sun-soaked Monaco won’t be enough to stir hedge fund managers from their downbeat mood, made worse by a euro zone crisis that has prompted much soul-searching about the industry’s future after years of lacklustre returns. […]