Author Archives: Editor
Cornwall Pension Fund chooses Man for hedge fund strategy
IPE – The £1.5bn (€1.6bn) Cornwall Pension Fund has appointed Man FRM, a hedge fund, to manage a £120m allocation following an investment review. The local authority scheme is set to increase its allocation to hedge funds dramatically after it decided […]
Boss of UK hedge fund Weavering convicted in fraud case
Reuters – The boss of collapsed UK hedge fund Weavering could be jailed for up to 10 years after being found guilty of fraud by a London court on Monday, giving Britain’s Serious Fraud Office (SFO) one of its most […]
$1 Billion Swedish Hedge Fund Bets Draghi to Aid European Stocks
Bloomberg – Catella Hedge Fund, a Swedish investor with more than $1 billion in assets under management, is buying up stocks it says will do well if Europe’s recovery picks up. After returning 8.2 percent last year and 7.5 percent […]
New Activist Hedge Fund Has CEO Backing
WSJ – Two Wall Street deal makers are starting an activist hedge fund with a collaborative approach to management, hoping that financial backing from chief executives as well as their own experience advising boards under fire will open more doors […]
Boss of UK hedge fund Weavering convicted in fraud case
Reuters – The boss of collapsed UK hedge fund Weavering could be jailed for up to 10 years after being found guilty of fraud by a London court on Monday, giving Britain’s Serious Fraud Office (SFO) one of its most […]
Battered Hedge Fund Billionaire John Paulson Adds To Merger Bets
Forbes – Billionaire John Paulson received a lot of press for a 36% drop in his Advantage Plus fund last year as assets at Paulson & Co. fell below $20 billion. But investors continue to look at the hedge fund […]
Former Citadel Employee Arrested for Theft of Hedge Fund Trade Secrets
New York (HedgeCo.Net) – A young science engineer whippersnapper, Yihau Pu, also known as “Ben” has been sentenced to three years in federal prison, the Chicago Tribune reports. The prosecution said he “meticulously planned and brazenly executed” the theft of sensitive trade […]
UCITS Hedge Fund Strategy Index Down -0.10% in December
New York (HedgeCo.Net) – After having reported gains of 0.81% in November, the UCITS Hedge Fund Strategy (HFS) Index has taken a small loss in December 2014 of -0.10%, the UCITS Index reports. The broad index started positively into the […]
Wall Street’s Biggest Hedge Funds Are Losing Billions on Energy
Motley Fool – Gas prices are below $2 per gallon in much of the country, and according to the U.S. Energy Information Administration, the average consumer could save more than $550 on gasoline alone next year. For most of America, […]
Hedge-Fund Bulls Retreat From Soy as Silos Fill Up
Bloomberg – Hedge funds cut bullish wagers on soybeans as forecasts for record global inventories sparked the biggest price slump in more than six months. U.S. farmers will reap their biggest-ever harvest and domestic stockpiles last month were the highest […]
Hedge Funds Cut Oil Bets After Worst Drop Since 2008
Bloomberg – Oil bulls finally caught a break as prices capped their first weekly advance since November. Hedge funds raised their net-long position in West Texas Intermediate crude by 12 percent in the week ended Jan. 13, U.S. Commodity Futures Trading […]
Son accused of killing hedge fund founder dad stands to inherit part of $1.6M estate
Fox – The man accused of killing his millionaire father in the older man’s Manhattan apartment earlier this month stands to collect an inheritance, according to the hedge fund founder’s will. The New York Post reported that Thomas Gilbert Sr.’s […]