Author Archives: Editor
The Hedge Fund and the Despot
Bloomberg – At 6 feet 2, James McGee announces his military background through his bearing. His hair is now platinum, his shoulders often thrust back. Raised during the 1950s and ’60s in the shadow of the steel mills of Gary, […]
Activist Hedge Fund Claims Victory Over Bob Evans
NYT – After nearly a year of pushing for change at Bob Evans Farms, the activist hedge fund Sandell Asset Management is claiming victory. Sandell said on Wednesday that it had won at least five seats on the board of […]
UBS Hedge Fund Takes REIT Chips Off The Table
Benzinga – After the bell on August 20, 2014, Bloomberg reported that the $5.6 billion hedge fund, UBS O’Connor LLC, a unit within Swiss banking giant UBS, had sold off more than $900 million of shares in U.S. REIT holdings, […]
New CIP Requirements Proposed By FinCEN
New York (HedgeCo.Net) – FrontLine Compliance reports that FinCEN is proposing new rules for broker-dealers and mutual funds. The latest proposal would require firms to update their CIP Programs for legal entity customers, such as partnerships, corporations, and limited liability companies. […]
SS&C GlobeOp Forward Redemption Indicator: August notifications 4.19%
New York (HedgeCo.Net) – Today SS&C GlobeOp announced that its Forward Redemption Indicator for August shows notifications of 4.19%. This figure is up from 3.15% in July. SS&C GlobeOp’s data on the GlobeOp platform represents approximately 10% of the hedge […]
AIMA: The Case For Hedge Funds
New York (HedgeCo.Net) – The Alternative Investment Management Association (AIMA), the global hedge fund industry body, has published “The Case for Hedge Funds”, a compilation of AIMA’s thought-leadership research since the global financial crisis. The 28-page booklet summarises the themes […]
UBS O’Connor Hedge Fund Sells U.S. REITs in Second Quarter
Bloomberg – UBS O’Connor LLC, the $5.6 billion hedge-fund unit within Switzerland’s biggest bank, sold most of its stakes in U.S. real estate investment trusts during the second quarter after the companies delivered some of the highest stock-market returns in […]
Nervous Hedge Funds Turn Defensive on Concerns Over Asset Prices
NYT – Some hedge funds are cutting back on their riskier positions because of fears that certain assets may have become overpriced and concerns about the conflicts in Ukraine and Iraq. Nervous funds have reduced their bets that equities will […]
Dubai creates new fund class to lure asset managers
Reuters – Dubai is changing its financial rules in an effort to attract more asset managers – particularly those serving the richest and most risk-tolerant investors, such as hedge funds and private equity funds – to base themselves in the […]
Argentina moves to cut out US hedge funds
The Guardian – Argentina has risked deepening its isolation among international lenders with a proposal to cut out a group of US hedge funds from sovereign bond payments. President Cristina Fernández de Kirchner announced on Tuesday that the government was […]
Hedge fund exit requests rise in August
Reuters – Investor requests to pull out money from hedge funds rose in August, according to data released on Wednesday [Aug. 20], an increase typically seen at this time of year. The SS&C GlobeOp Forward Redemption Indicator, a snapshot of […]
Hedge Fund Background Investigations – Investigative Due Diligence Trends and Techniques
New York (HedgeCo.Net) – In an effort to discuss the current state of investor approaches to hedge fund background investigations, Corgentum Consulting announced that they will be hosting a free webinar titled, “Hedge Fund Background Investigations – Investigative Due Diligence Trends […]