Author Archives: Editor
Hedge fund cuts DryShips
Trade Winds – Hedge fund manager BlueMountain Capital Management has cut its stake in New York-listed DryShips to 5%, less than half the amount it owned in October. The Andrew Feldstein-led financial firm told the US Securities & Exchange Commission […]
US hedge fund snaps up Irish loans on back of brighter outlook
Irish times – Marathon Asset Management’s Bruce Richards says his firm is ramping up investment in Europe on bets that central-bank easing, a depreciating euro and the plunge in oil prices will buoy the region’s growth. The hedge fund, which […]
Hedge Fund Performance Down In April
New York (HedgeCo.Net) – The gross return of the SS&C GlobeOp Hedge Fund Performance Index for March 2015 measured 1.30%. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 1.14% in April. “The negative CMI for […]
United Nations Pension Fund Considering Hedge Fund Investing
New York (HedgeCo.Net) – The United Nations Joint Staff Pension Fund, which covers 190,274 participants, retirees and other beneficiaries, is reportedly looking into adding hedge funds to its portfolio, the pension has over $52 billion in assets. CNBC reports: “The U.N. is […]
A hedge fund becomes an accidental hero of anti-corruption campaigners
Economist – “Vulture” funds, which chase distressed borrowers for payment of outstanding debt, have few friends outside finance. Occasionally, though, their hunt for profit aligns neatly with calls for greater financial openness by campaigners, winning the rapacious funds unlikely admirers. […]
Paul Singer’s hedge fund takes a dip
NYP – Hedge fund mogul Paul Singer started off 2015 with a rare miss — the first quarter in almost three years that one of his hedge funds has been down and one of only 12 in his stellar 38-year […]
Hedge Fund Two Sigma Sues Former Vice President Who Tried To Start His Own Hedge Fund
Forbes – Two Sigma Investments, the Manhattan-based quantitative hedge fund that manages $24 billion, sued a former vice president on Thursday who had been working to start his own hedge fund firm. Two Sigma claims that Sergey Fein, 34, a […]
Hedge-Fund Magnate Robert Mercer Emerges as a Generous Backer of Cruz
NYT – The two men share a passion for unbridled markets, concerns about the Internal Revenue Service and a skeptical view of climate change. Now the two — Senator Ted Cruz, Republican of Texas, and Robert Mercer, a Wall Street […]
Piggy-Back Top Activist Hedge Fund Into Darden, Staples and Yahoo
Forbes – Everyone is looking for certainty in investing. How about an investor that has made money on 88% of their activist investments? To be sure, it’s an amazing win rate, and the investor behind it is the activist hedge […]
Man Launches Ireland UCITS Hedge Fund
New York (HedgeCo.Net) – Man GLG this week announced the launch of an Ireland-domiciled UCITS compliant hedge fund, the Man GLG European Mid-Cap Equity Alternative fund. The portfolio manager is Moni Sternbach, who joined Man GLG from hedge fund Cheyne […]
Hedge funds take hit playing beat-up oil sector
CNBC – The steep decline in oil prices is seen as an opportunity by many hedge funds. But picking out the bonds of distressed oil companies can also be a dangerous game. Take Kamunting Street Capital Management, which is essentially […]
