Author Archives: Editor
Billionaire hedge-fund manager says Uber told him it might cut driver pay ‘because we can’
Business Insider – Some of Wall Street’s hedge-fund community is becoming increasingly vocal about a serious problem with corporate America. Mike Novogratz, president of $70 billion investment fund Fortress Investments, gave a perfect illustration of this problem on Sunday’s episode […]
Tiger Cubs Lead Hedge-Fund Stampede Into China’s Red-Hot JD.com
Bloomberg – Tiger cubs including Lone Pine Capital, so-named because their founders worked for billionaire Julian Robertson’s Tiger Management, helped lead a rush into the Chinese online retailer’s American depositary shares in the first quarter. Hedge funds hold a record […]
Active Managers Up, Hedge Fund Managers Out
Bloomberg – Through the end of April, U.S. stock mutual funds that are actively managed rose 2.25%, including dividends and expenses, according to research firm Morningstar Inc. Mutual funds that track various stock indexes were up 2.2% in the same […]
Do something more creative than intern at Goldman Sachs
Business Insider – Hedge fund titan Michael Novogratz, the president of Fortress Investment Group, wants young people he hires to do more than just intern at Goldman Sachs or a top consulting firm. “We interview a lot of kids, and […]
Argon Raises $75 Million From Its Credit Hedge Fund
New York (HedgeCo.Net) – Argon, a leading provider of online consumer loans, today announced that it has successfully raised a total of $81 million from investors, highlighted most recently by a $75 million debt facility from a credit hedge fund. […]
Paulson’s Hedge Fund Bets $800M on AIG
Insurance Journal – Billionaire John Paulson’s hedge fund firm bought a position in American International Group Inc. in the first quarter valued at $800 million at the end of March, in his latest bet on the insurance industry. The New […]
Father And Son Charged With Hiding Insider Secrets In Golf E-mails
New York (HedgeCo.Net) – A father and son in New York have been charged with conducting a serial insider trading scheme involving tips of key nonpublic information in coded e-mail messages disguised as discussions about golf. The scheme generated approximately $1.1 […]
Recovered Citadel chief takes the hedge fund throne
CNBC – In April, a hedge fund firm in Chicago snagged arguably the most sought after economic mind in the world: Ben Bernanke. “He has extraordinary knowledge of the global economy,” Citadel founder and CEO Ken Griffin crowed in a […]
Scots tycoon Greg King at the centre of £400m hedge fund collapse refuses to apologise to investors on flying visit home
Daily Record – The elusive tycoon at the centre of a criminal probe into a £400 million hedge fund collapse has jetted back into Scotland. But Greg King refused to apologise to investors after returning to his native Glasgow on […]
Top U.S. hedge funds boost Alibaba stakes in first quarter
Reuters – Top U.S. hedge fund managers increased their stakes in Alibaba Group Holding Ltd (BABA.N) at the end of the first quarter, positioning themselves to take advantage of any upswing after the Chinese e-commerce company’s stock took a beating […]
Barron’s Best 100 Hedge Funds: 2015 List
Barron’s – Equities dominated Barron’s Penta top 100 hedge fund rankings for the second straight year on the back of a record-breaking bull market now well into its seventh year. Once again, Larry Robbins’ Glenview Offshore Opportunity fund claimed the […]
Blackstone Buys Hedge Fund Shares, Property in Europe
New York (HedgeCo.net) – Hedge fund investor Blackstone Group has bought a minority stake in $13.6 billion multi-strategy hedge fund Magnetar Capital LLC, the WSJ reports. “This transaction will help us continue to meet the objectives of our most important […]
