Author Archives: Editor
Hedge fund buys Phones 4U debt for possible attack on private equity owner
Telegraph – A New York hedge fund has bought up a large chunk of the £430m in senior bonds in Phones 4U that were rendered almost worthless by the controversial collapse of the retailer last year. It is understood that […]
Hedge fund Everest Capital falls off a Swiss cliff
CNBC – A single bad currency bet has caused one of the largest and longest-standing private investors in emerging markets to collapse. Everest Capital—a 25-year-old hedge fund firm that counted George Soros and Nelson Peltz as early backers and has […]
Ex-Brevan Howard star Rokos hires top Goldman executive for hedge fund start-up
Reuters – Former Brevan Howard star trader Chris Rokos has hired former Goldman Sachs co-head of Asia Pacific macro trading, Stuart Riley, as he gears up for one of Europe’s most high-profile 2015 hedge fund launches. Rokos, who made $4 […]
Hedge Fund Investor Blackstone Buys Chicago’s Sears Tower
New York (HedgeCo.Net) – The Willis Tower, built as and still commonly referred to as Sears Tower has been bought by hedge fund giant Blackstone for $1.3 billion, according to early reports. Further terms of the transaction were not disclosed. Blackstone Real Estate […]
Hedge Fund Manager Sentenced To Two Years Behind Bars
New York (HedgeCo.Net) – Hedge fund manager and adviser Berton Hochfeld was sentenced to two years in prison for defrauding investors out of more than $1 million. Hochfeld pled guilty in January to securities fraud and wires fraud in connection […]
Hedge funds benefit as euro falls
MarketWatch – The euro’s plunge has given a much-needed lift to hedge funds that have been repeatedly frustrated by the world’s central banks. A bevy of multibillion-dollar funds has gained as much as 9% this year as their managers bet […]
Hedge fund seeks boardroom shakeup at Alliance Trust
Guardian – Alliance Trust is facing a new battle over strategy and governance as activist hedge fund Elliott Advisors pushes for the appointment of three new directors to the board of the Dundee-based investment group. Elliott, which owns 12% of […]
Hedge Fund That Made 167% on Japan Bonds Wagers on Policy Divide
Bloomberg – GCI Systematic Macro Fund, which earned 167 percent on Japanese government bond futures in 13 months, is scanning computer models to profit further as global monetary policy diverges. The hedge fund employs a computerized global macro strategy to […]
It’s odd that protesters are going after Paul Tudor Jones
Business Insider – Union and community protesters are marching today on the home of Paul Tudor Jones, the founder and head of the Greenwich, Connecticut–based hedge fund firm Tudor Investment Corporation with the hopes of calling attention to the financial […]
Board votes against investing in charter supporter’s hedge fund
NYP – In a rare move, the board that oversees the city’s retirement fund for civil servants killed a proposal to invest in a high-yield hedge fund — run by one of the city’s biggest investors in charter schools, sources […]
Registration Deadlines and Reporting Requirements for US and UK FATCA
There have been several recent updates on US and UK FATCA (Foreign Account Tax Compliance Act) requirements, including the registration process for the Cayman Islands Tax Information Authority’s (TIA) portal and the US Inland Revenue Service’s (IRS) IDES portal, ahead […]
BlueCrest to open $1 billion equity hedge fund to investors in April
Reuters – BlueCrest, the $14 billion hedge fund firm led by billionaire Michael Platt, is to open its high-performing equity fund to outside investors, marking a new attempt by one of Europe’s biggest hedge funds to expand into the asset […]