Author Archives: Editor
Top Hedge Funds In Q2: Citadel, Renaissance & Millennium Management
New York (HedgeCo.Net) – A review of 2014 Q2 13F filings by US-based pure play hedge funds show that information technology and healthcare stocks saw the largest growth in new hedge fund buying activity during Q2 2014, with Allergan and […]
Hedge Fund Mergers: Kanaly Trust Partners With Meritage Capital
New York (HedgeCo.Net) – $2 billion adviser and wealth management firm Kanaly Trust has partnered with Meritage Capital, a $1.1 billion SEC-registered investment adviser specializing in differentiated hedge fund solutions. “As Kanaly sees itself as a firm that listens to […]
Star trader Rokos slugs it out with hedge fund he co-founded
Reuters – Former Brevan Howard star trader Chris Rokos has stepped up his legal challenge to a partnership agreement imposing a five-year ban on him setting up in competition against the hedge fund firm he co-founded. The contractual dispute offers […]
CME says trading halt linked to software reconfigurations
Reuters – CME Group Inc., the world’s largest futures exchange operator, said it halted trading on its electronic platform for four hours on Monday [Aug. 25] because of a technical issue resulting from planned software reconfigurations. CME, which owns the […]
India Hedge Funds Perform Best Globally on ‘Modi, the Hero’
Bloomberg – Hedge funds investing in India have become the world’s best performers this year on expectations that Prime Minister Narendra Modi will revive Asia’s third-largest economy. The funds investing in the South Asian nation have returned 26 percent this […]
Hedge fund riding to rescue of RadioShack
USA Today – RadioShack shares soared Tuesday when it appeared that the electronic retailers may be plugging into a lifeline. The electronics retailer is talking to a shareholder, hedge fund Standard General, about a rescue package that could prevent a […]
Retail investors pay price as hedge funds dominate ETFs
Hedge World – Junk-bond ETFs created for retail investors have been hijacked by hedge funds using them to make broad bets on bond prices, causing roller-coaster distortions in the high-yield market. Funds designed for retail investors have morphed into hedging […]
Citigroup To Stop Selling Hedge Fund Investments
New York (HedgeCo.Net) – Citigroup Inc has been restricted from selling hedge funds investments and private-equity funds to high net worth clients, the WSJ reports. Citigroup, in JUly of this year, has also agreed to pay approximately $7 billion for its […]
Ex-prof, alum son plead guilty to hedge fund fraud
MIT Tech – A former associate dean of MIT’s Sloan School of Management and his son have pleaded guilty to securities fraud and obstruction of justice after allegedly losing $140 million of investors’ money in hedge funds. Gabriel Bitran PhD […]
Hedge Funds File U.K. Suit Against BNY Mellon on Argentine Debt
WSJ – A group of hedge funds holding €1.3 billion ($1.71 billion) of Argentine government bonds has filed suit against the U.S. bank charged with overseeing payments to the nation’s bond investors, seeking to gain access to interest payments they […]
Hedge fund Citrine Picks Nickel as Best Base Metal Wager
Bloomberg – Zinc and nickel will probably lead advances in base metals next year as global demand outstrips production, according to Paul Crone, chief investment officer at Citrine Capital Management LLC. Futures climbed. Zinc may rally to $2,500 to $2,700 […]
Bill Ackman’s hedge fund made over $160 million on Burger King’s rally
MarketWatch – Bill Ackman must be a happy man Monday, as his hedge fund’s investment in Burger King Worldwide is now worth about $163 million more than it was on Friday. Ackman’s Pershing Square Capital Management owns 38,387,865 shares of Burger […]