Author Archives: Editor
Billionaire Julian Robertson Jr.’s hedge fund to shut down
NewsDay – A hedge fund initially funded by Locust Valley billionaire Julian Robertson Jr. will shut down, according to a Bloomberg report. The Manhattan fund, TigerShark Management, will return about $100 million to investors at the end of March, according […]
Lender, hedge fund face off over fate of RadioShack
ABC – A legal brawl between lenders erupted in bankruptcy court on Wednesday on the eve of a court hearing to consider results of an auction of RadioShack Corp. assets this week. Salus Capital Partners, which provided a term loan […]
Imprisoned hedge fund founder seeks to void insider trading conviction
Reuters – Former hedge fund manager Doug Whitman, the first defendant in a broad U.S. insider trading crackdown to testify in his own defense, is seeking to void his conviction. Whitman, 57, who has been imprisoned since early September, on […]
David Burnett Appointed as Head of Northern Trust Hedge Fund Services in Europe, Middle East and Africa
To support the continued momentum of Northern Trust’s hedge fund administration business, Northern Trust (Nasdaq:NTRS) has appointed David Burnett as head of Northern Trust Hedge Fund Services in Europe, Middle East and Africa (EMEA). Based in London, Burnett will lead […]
Lawmaker Proposes Bipartisan Insider-Trading Ban
WSJ – A House lawmaker whose Connecticut district is home to one of the highest concentrations of hedge funds introduced bipartisan legislation Wednesday that would ban insider trading, taking aim at a financial crime that has tripped up some of […]
Newly Launched Hedge Funds Have Best Year Since 2004
New York (HedgeCo.Net) – New hedge funds in the US netted over $34 billion in last year’s explosive launch environment, posting the best fundraising total in a decade, Absolute Return research shows. The largest was the Two Sigma Absolute Return […]
Billions: Hedge Fund Drama Comes To Showtime
New York (HedgeCo.Net) – Paul Giamatti “John Adams” and Damian Lewis of “Homeland” are slated to play rivals in an upcoming drama co-written by Andrew Ross Sorkin, Business Insider reports. “The dynamic star pairing of Paul Giamatti and Damian Lewis is […]
Hedge Fund Boss Steps Up Fight for Bigger Vivendi Payout to Shareholders
WSJ – A disagreement between Vivendi SA and one of its shareholders gathered pace on Tuesday, as a prominent U.S. hedge fund tried to rally support from other shareholders in its quest to obtain higher dividends, while Vivendi resisted. P. […]
Could this hedge-fund operator rescue McDonald’s stock?
Crain’s – Larry Robbins isn’t the first hedge-fund operator to see gold in McDonald’s real estate, but his timing is better. When William Ackman went public a decade ago with a restructuring proposal that would have leveraged the burger chain’s […]
Former Federal Reserve Governor Joins NY Hedge Fund
New York (HedgeCo.Net) – Former Federal Reserve governor Jeremy C. Stein has agreed to consult at $20 billion hedge fund BlueMountain Capital Management, the Wall Street Journal reports. Stein is also a Harvard economics professor. The WSJ says: “Hedge funds, […]
Lead Manager to Step Down From ‘Chocfinger’ Hedge Fund
WSJ – One of the lead managers at Armajaro Asset Management LLP, a London-based hedge fund that once purchased 7% of the world’s supply of cocoa, is stepping back from day-to-day management. John Tilney, 60, a former veteran of commodity […]
Deutsche Bank Prime Broker Said to Join New Hedge Fund
Bloomberg – Christopher Dennis, a prime broker with Deutsche Bank AG in London, is leaving after eight years to join a hedge-fund startup, according to two people with knowledge of the matter. Dennis is joining the London-based firm being established […]