Author Archives: Editor
Hedge Funds Bet Oil Will Fall Further
Bloomberg – Hedge funds boosted bearish wagers on oil to a four-year high as U.S. supplies grew the most since 2001. Money managers increased short positions in West Texas Intermediate crude to the highest level since September 2010 in the […]
Standard & Poor’s To Pay $77 Million For Ratings Violations
New York (HedgeCo.Net) – Standard & Poor’s has agreed to pay more than $58 million to settle SEC charges rising from a series of federal securities law violations by Standard & Poor’s Ratings Services involving fraudulent misconduct in its ratings […]
SEC Charges Investment Adviser and Manager in South Florida-Based Fraud
New York (Hedgeco.Net) – The Securities and Exchange Commission has announced fraud charges and an asset freeze against a Fort Lauderdale, Florida-based investment advisory firm, its manager, and three related funds in a scheme that raised more than $17 million […]
Hedge Fund People: Norm Champ To Leave SEC
New York (HedgeCo.Net) – The SEC director that oversaw the adoption of the Volcker Rule, will be leaving the commission after a 5 year run, the SEC announced. Norm Champ, Director of the Division of Investment Management, played a key role […]
Billionaire Hedge Fund Manager Ray Dalio’s All Weather Fund Returned 8.6% In 2014
Forbes – It wasn’t a fantastic year for the world’s largest hedge fund firm, but Bridgewater Associates’ key All Weather fund did finish in solid positive territory in 2014, returning 8.6% net of fees, according to an investment report reviewed […]
Ex-Goldman, Noble traders’ macro hedge fund avoids Swiss franc loss
Reuters – Man Group’s computer-driven hedge funds gained up to 5.7 percent through mid-January, party benefiting from the Swiss National Bank’s move to get rid of a cap on the franc that sent the Swiss currency soaring last week. Man’s […]
Most People Who Work At Hedge Funds Don’t Make As Much As You Might Think
Business Insider – Hedge funds are known for pulling in the big bucks, and with that comes compensation. Lots of it. However, according to data from the online investor network SumZero, the majority of hedge fund analysts don’t actually make more […]
Ex-Citi FX head readies $500 mln hedge fund launch in April
Reuters – Former global head of foreign exchange at Citigroup, Anil Prasad, is preparing to launch his own macro hedge fund in early April with initial start-up capital of at least $500 million, three sources familiar with the matter said. […]
Setter Capital Secondary Market Estimates $49.3 Billion In 2014
New York (HedgeCo.Net) – 2014 marked the busiest year for the secondary market to date with an estimated $49.3 billion in completed transactions, according to the newly released Setter Capital Volume Report, which covers the secondary market for private equity, […]
Manager ‘truly sorry’ for blowing up hedge fund
CNBC – A hedge fund manager told clients he is “truly sorry” for losing virtually all their money. Owen Li, the founder of Canarsie Capital in New York, said Tuesday he had lost all but $200,000 of the firm’s capital—down […]
J.P. Morgan Wins Morningstar’s Fund Manager of the Year Award
New York (HedgeCo.Net) – J.P. Morgan Asset Management has received the 2014 Morningstar U.S. Fund Manager of the Year Award in the Allocation category, recognizing Portfolio Manager Anne Lester and the team on the JPMorgan SmartRetirement suite of target date […]
Best Hedge Fund in Sweden Posts Historic Volatility Returns
BuisnessWeek – Lynx Asset Management AB, which operates Sweden’s top-performing hedge fund, says the recent surge in market volatility has driven its best performance since it was created 16 years ago. “It’s become more exciting,” Chief Executive Officer and Co-Founder […]