Author Archives: Editor
Two hedge fund managers walk into a bar
USA Today – Two hedge fund managers walk into a bar. They need a drink. Their returns are terrible. Their investors are mad. And they know they’re in good company. Read Complete Article
Man Group Hedge Fund Buys $1.2 Billion NewSmith Equities Manager
Bloomberg – Man Group Plc, the world’s largest publicly traded hedge-fund manager, agreed to buy the equities management business of NewSmith to expand in Tokyo and London. Man Group, which manages $72.3 billion, plans to complete the deal in the […]
Illinois Teachers’ Retirement System To Invest Over $1 Billion In Hedge Funds
New York (HedgeCo.Net) – Illinois had decided to invest in a woman-run global macro strategy hedge fund. The Teachers’ Retirement System Board of Trustees today approved series of investments totaling $905 million, including an initial $50 million commitment through the System’s […]
Fired BlueCrest Portfolio Manager Sues Hedge Fund For $1.3 Million Bonus
Forbes – A former portfolio manager at BlueCrest Capital Management has sued the big European hedge fund for failing to pay him a $1.28 million bonus for less than half a year of work in 2014. Nicholas O’Grady was fired […]
A Former Hedge Fund Manager Is Running a Fantasy Sports Combine
Bloomberg – A former hedge fund manager who served a four-month prison term for insider trading is the driving force behind the first Fantasy Sports Combine in Las Vegas, a three-day event where players can be tutored by the industry’s […]
Hedge funds post small gain in January
New York (HedgeCo.Net) – Hedge funds were up 0.03% overall in January, according to the Barclay Hedge Fund Index compiled by BarclayHedge. “Central banks took centre stage in January’s financial turmoil as the Swiss National Bank unexpectedly abandoned its currency […]
Man Group To Lead China Hedge Fund Program
New York (HedgeCo.Net) – Hedge fund giant Man Group plc was chosen to head up the Shanghai Qualified Domestic Limited Partner (QDLP) program, which allows qualified high net worth individuals and institutional investors in China to invest in hedge funds overseas. Man […]
Breakup Artist Hedge Funds Betting Billions On Corporate Marriages
Forbes – Activist hedge fund investors are accused by defensive corporate boards and their advisors of being short sighted quick-buck artists that harm America’s corporations. But, as the venom continues to fly, some funds are quietly taking a long-term approach when […]
Creditors say RadioShack timed Ch. 11 for hedge fund trade
Reuters – Unsecured creditors of RadioShack Corp said the electronics retailer timed its bankruptcy to benefit a hedge fund trading strategy even though it cost the company millions of dollars in added losses, according to a court filing. A committee […]
Hedge fund takes stake in Clean Harbors
Boston Globe – Shares of Clean Harbors Inc., a provider of waste management and other environmental services, jumped on the news that Starboard Value LP, the activist hedge fund run by Jeff Smith, had acquired a new stake in the […]
Scots law firm sued after £400m hedge fund collapse
Sunday Herald – Burness Paull is facing the legal action from the liquidators of Heather Capital, the offshore financial empire run by Glasgow-born but Spanish-based tycoon Gregory King. The firm – one of the two biggest in Scotland – is […]
UCITS Hedge Fund Strategy Index Up 1.09% In January 2015I
New York (HedgeCo.Net) – Having finished 2014 with a modest performance of 1.62%, the UCITS HFS Index starts positively into the year with gains of 1.09% in January 2015. After the first full week of trading the broad index returned […]