Author Archives: Editor
McCormack’s ‘Tiger’ hedge fund to shutter
CNBC – Tiger Consumer Management, the nearly 15-year-old hedge fund firm led by Patrick McCormack and with close ties to Julian Robertson’s Tiger Management, is shutting down at the end of March. “Managing a fundamentally driven, long/short equity hedge fund […]
Hedge fund Eton Park gains in February as currency bets help
Reuters – Eric Mindich’s $9 billion hedge fund Eton Park retured 3.7 percent in February, having made money by betting against the Japanese yen and euro and by putting on new positions in Asian dairy companies, an investor in his […]
Ever Wanted To Replicate A Hedge Fund? HedgeCoVest Explains How
Benzinga – Who will be the next Apple? What company with what disruptive idea will turn the world of technology upside down? In this series, Benzinga interviewed CEOs of several technology startups that are making waves today in hopes of […]
Hedge Fund Giant SkyBridge Launches SkyBike In Palm Beach
New York (HedgeCo.Net) – $12.5 billion hedge fund manager, SkyBridge Capital, has has targeted Florida as a top region for growth, opening an office in Palm Beach Gardens, Florida. SkyBridge Capital’s founder Anthony Scaramucci joined West Palm Beach Mayor Jeri […]
Investcorp Hedge Funds Group Hires Gregory Berman
New York (HedgeCo.Net) – Investcorp has hired hedge fund specialist Gregory Berman as the firm’s Hedge Funds business as a Principal and Co-Head of Fundamental Strategies. In his role, Berman will be responsible for developing and managing Investcorp’s Equity, […]
Hedge funds eye takeover targets but caution investors in frothy market
Sydney Morning Herald – High-flying hedge funds are increasing their bets there will be more corporate takeovers in Australia – but they insist retail investors need to do a lot more homework than simply following suit in a frothy market. […]
Viking Global says Purcell leaving hedge fund -letter
Reuters – Long-time Viking Global Investors executive Tom Purcell is leaving the $32 billion hedge fund to invest his personal fortune and pursue other interests, the firm said this week in a letter to investors. Purcell, 44, who joined Viking […]
Morgan Stanley is said to revive annual China hedge-fund event
Business Times – Morgan Stanley is reviving after a two-year absence an annual event in China that showcases Asia-focused hedge funds to potential investors, said people with knowledge of the matter. The bank plans to hold this year’s Asian hedge-fund […]
Goldman Hedge Fund Executive Shifts Roles
NYT – Goldman Sachs is moving a top executive, David Z. Solomon, from a post working with the bank’s hedge fund clients to a new position that entails working on one of Goldman’s in-house hedge funds. The bank announced the […]
Canada Pension Plan Invests In New Deimos Hedge Fund
New York (HedgeCo.Net) – Multi-strategy hedge fund manager, Deimos Asset Management LLC, is launching operations of its new hedge fund management business. Ontario Teachers’ Pension Plan is an anchor investor in Deimos’ multi-strategy product through a managed account platform, the […]
Hedge Fund Suit Accusing U.S. of Misconduct Faces High Bar
NYT – When investigators arrive at the door of a hedge fund with a search warrant, the consequences can be devastating. Clients fear being linked to misconduct, and even a history of strong investment returns often cannot stem the tide […]
Hedge Funds Race to Raise Money For Energy Debt
Bloomberg – Hedge fund manager Jason Mudrick told Bloomberg Television on Feb. 3 that the decline in oil prices presented “the most exciting” opportunity since the 2008 financial crisis. The distressed-debt manager has wasted little time trying to take advantage […]