Author Archives: Editor
This Massive Hedge Fund Company Sold Warren Buffett’s Company. Should You Buy?
The Motley Fool – We should never blindly copy any investor’s moves, no matter how famous or successful the investor. Still, it can be useful to keep an eye on what smart folks are doing. 13F forms can be great […]
Man Group Expands US Hedge Fund Business With Acquisition Of Pine Grove
New York (HedgeCo.Net) – Man Group plc has acquired US-based fund of hedge fund manager Pine Grove Asset Management LLC., which has approximately $1.0 billion in assets under management. The transaction enhances Man Group’s presence in the US and adds […]
Preqin Report: Investors To Maintain Hedge Fund Holdings
New York (HedgeCo.Net) – Hedge fund performance was mixed in the first half of the year, with almost all strategy benchmarks for 2014 YTD returning less than in the same period last year, the Preqin Investor Outlook: Alternative Assets, H2 2014, […]
Hedge Fund Crude Bets Tumble Amid Surging Global Supply
Bloomberg – Speculators are the least bullish on U.S. crude oil prices in 16 months as refinery maintenance weakens demand at a time when Libya and Iraq are swelling global supplies. Futures dropped a fifth consecutive week after money managers […]
Citigroup Dealing With “Bad Actor” Restrictions on Hedge Fund Sales
ValueWalk – According to an August 22nd article in the Wall Street Journal, Citigroup Inc (NYSE:C) is facing “bad actor: restrictions relating to its recent settlement with U.S. regulators. The restrictions prevent the bank from selling investments in hedge funds […]
Hedge Funds in Puerto Rico’s power authority accord include Redwood, Knighthead
Reuters – Hedge funds negotiating with Puerto Rico’s public power authority PREPA over a possible restructuring of more than $8 billion in bonds include two involved in Argentina’s protracted bond negotiations, Knighthead Capital Management and Redwood Capital Management, according to […]
Hedge funds gave Mugabe $100M for genocide, got platinum mines in return
Boing Boing – Zimbabwe’s dictator Robert Mugabe unleashed a storm of brutal, genocidal violence after losing the 2008 elections — and now we know that it was funded by western hedge-funds and banks, led by Och-Ziff Capital Management, the largest […]
Hedge Fund Fir Tree Partners Blasts Hertz CEO
Forbes – Fir Tree Partners, the hedge fund firm founded by Jeffrey Tannenbaum, issued a statement on Thursday, saying Hertz CEO Mark Frissora “has completely lost credibility.” Fir Tree said it was making its remarks in response to a statement […]
Hedge Fund Manager & “Martha Stewart of Marijuana” Co-Hosts The Global Cannabis Summit
New York (HedgeCo.Net) – Cheryl Shuman, the first Cannabis entrepreneur to manage a $100 million hedge fund to invest in the cannabis businesses, has been called upon to consult and co-host at the GreenRush Financial Conference being held in Seattle, […]
BoA Admits Disclosure Failures to Settle SEC Charges, $245 Million Settlement
New York (HedgeCo.Net) – The SEC reports today that The Bank of America (BoA) has admitted that it failed to inform investors during the financial crisis about known uncertainties to future income from its exposure to repurchase claims on mortgage […]
Republican lawmaker slams SEC over unauthorized leaks to media
Reuters – A Republican lawmaker slammed the U.S. Securities and Exchange Commission over leaks of confidential information to media outlets, including Reuters, calling the disclosures “unacceptable.” Representative Jeb Hensarling, who leads the House of Representatives’ Financial Services Committee, said in […]
London hedge fund executives see pay packets halve as bonuses plummet
Guardian – Hedge fund executives in London saw bonuses plummet last year, resulting in their pay packets being less than half of what they were 12 months ago. The average bonus paid to a partner or a managing director of […]