Author Archives: Editor
Hedge Fund Vultures to the Rescue in Puerto Rico
Bloomberg – Bring ice skates on your next trip to Puerto Rico. There’s a sweet public rink in Aguadilla that claims to be the only place to skate year-round in the Caribbean. “This is a great way to spend some […]
Hedge fund exit requests hit year’s high in May-data
Reuters – Investor requests to take out cash from hedge funds rose in May to their highest this year, data from fund administrator SS&C Technologies showed on Wednesday. The SS&C GlobeOp Forward Redemption Indicator, a snapshot of withdrawal requests expressed […]
Imation loses proxy fight; hedge fund ousts 3 board members
TwinCities – An activist hedge fund has won a hotly contested proxy fight at Imation Corp., replacing three board members — including the company’s CEO and nonexecutive chairman, the Oakdale-based company said Wednesday. The Clinton Group, a New York-based hedge […]
The $10 Hedge Fund Supercomputer That’s Sweeping Wall Street
Bloomberg – It sounds like the mother of all spreadsheets: 1 million rows, 1 million columns — 1 trillion entries in all. Fortunately, Braxton McKee isn’t using Excel. Instead, he’s tapping into the cloud to crunch all that market data […]
Hedge Funds Reach Nearly $2.2 Trillion
New York (HedgeCo.Net) – Hedge funds returned $59.5 billion in performance-based gains for the first quarter of 2015, their highest Q1 gains on record since 2006 which brings the total industry AUM to a record high of nearly $2.2 trillion, […]
Barclays’ Hedge-Fund Financing Unit Feels Executive Churn
WSJ – Several executives in Barclays PLC’s hedge-fund financing unit are leaving to join other firms, the latest sign of churn in global prime-brokerage ranks as banks realign their businesses under new regulatory constraints. Mark Bailey, the global head of […]
Blackstone Said to Sell 25% of Eircom to Hedge Fund Anchorage
Bloomberg – Anchorage Capital Group LLC, a New York-based hedge fund, bought most of Blackstone Group LP’s stake in Eircom Group amid the Irish phone company’s rejection of a multibillion-dollar buyout offer. Blackstone sold a stake of about 25 percent […]
Prudential Starts Retail Hedge-Fund Wager at Quantitative Unit
Bloomberg – Prudential Financial Inc. the second-largest U.S. life insurer, is introducing a product to allow retail investors to bet with strategies favored by hedge-fund managers. The Global Tactical Allocation Fund can invest in commodities and currencies in addition to […]
Who Else Spilled Secrets at Hedge-Fund Party?
Bloomberg – On Monday evening, European Central Bank board member Benoit Coeure told a closed-door reception for hedge-fund traders, economists and fellow central bankers that the bank would probably accelerate bond-buying this month and next, ahead of an anticipated summer […]
Hedge Fund Diners Get ECB’s Market-Moving News Hours Early
Bloomberg – On Monday evening, Benoit Coeure told a room of bankers and hedge-fund managers in London that the European Central Bank will front load its asset-buying program before a summer lull. The next day, the rest of the market […]
Poisoning Suspected In Death Of Second Hedge Fund Lawyer
New York (HedgeCo.Net) – Alexander Perepilichnyy, a Russian whistleblower who died in 2012 of “natural causes,” has been found to have “traces of a rare plant poison in his stomach,” a pre-inquest hearing reported. Perepilichnyy had received death treats after reporting that money […]
A $200 Million Hedge-Fund Trade in Your Bond ETF Is Normal Now
Bloomberg – Don’t be surprised if you see a huge chunk of cash simply evaporate one day from your exchange-traded bond fund. There’s a good chance it’s just a hedge fund cashing in on a bet. An example of this […]
