Author Archives: Editor
Everest Capital falls victim to Swiss franc, shutters largest fund
CNBC – Switzerland’s unexpected decision to allow its currency to float freely once more against the euro may have claimed another victim—Everest Capital’s Global Fund. Bloomberg News, citing a person close to the firm, reported Saturday that Everest’s $830 million […]
FBI Raids Company With Link To Wolf Of Wall Street’s Danny Porush
New York (HedgeCo.Net) – FBI agents have raided a Florida medical device company run by Daniel M. Porush, who’s character inspired that of Donnie Azoff, in the movie Wolf Of Wall Street. An FBI spokesman said the agency is conducting “law enforcement activity in […]
“Ask Me Anything” Retired Hedge Fund Manager On Reddit
New York (HedgeCo.Net) – Mulling over a Senate bid, billionaire philanthropist and retired hedge fund founder Tom Steyer took to Reddit for a Q&A with the internets. “Question is, can I have more positive influence by running?” Steyer wrote. “I’m […]
Hedge funds end 2014 in positive territory with Asia ex-Japan outperforming regional mandates
New York (HedgeCo.Net) – Hedge funds closed the final month of the year in positive territory with the Eurekahedge Hedge Fund Index up another 0.25% in December while the MSCI World Index finished the month down 0.80%. In 2014 as […]
Hedge Funds Got Whacked By The Swiss Franc Rally
Reuters – Currency speculators, particularly large global macro hedge funds with big short positions in the Swiss franc, are staring massive losses in the face after the Swiss National Bank shocked markets on Thursday by removing a three-year-old cap on […]
India-focused hedge fund gives 61% return in 2014
Economic Times – Kuwait-based Global Investment House (Global) has announced that the Mayur Hedge Fund, a growth oriented fund with a net long bias, has reported 61 per cent return for the year 2014. The Mayur Hedge Fund is an […]
Loeb King Says It’s Closing as Hedge Fund Rules ‘Cumbersome’
Bloomberg – Loeb King Capital Management, an investment firm with about $1 billion, is closing after principal Gideon Kingdecided to manage his own money. “You will just be more profitable if you run your own capital,” King, 45, said in […]
World’s Top 10 Hedge Fund Firms
Investopedia – Hedge funds are an advanced level portfolio of investments, containing a mix of leveraged derivatives, as well as long and short positions of domestic and international markets, based on advanced methodologies. These funds are intended for sophisticated high-risk, […]
Man Group wins hedge fund mandate for UK’s Cornwall pension fund
Reuters – Hedge fund Man Group said on Thursday it had won the mandate to manage the hedge fund allocation for British local government region Cornwall’s pension fund. The allocation has a target size of 8 percent of the 1.5 billion […]
Rothschild To Strengthen Hedge Fund Asset Management With Two New Hires
New York (HedgeCo.Net) – New York-based hedge fund giant, Rothschild Asset Management, has announced plans to strengthens its alternative investment business through the addition of Shakil Riaz and his long time friend, Anthony Marzigliano, Bloomberg reports. Shakil Riaz is to […]
Hennessee: Hedge Funds Gain +0.04% In December
New York (HedgeCo.Net) – In December, managers went into risk-off mode as the rout in oil prices continued aggressively and signs of further deterioration in global economic growth, according to Charles Gradante, Co-Founder of Hennessee Group LLC. The absence of […]
Ackman: McDonald’s Stock Is ‘Not Cheap’
Business Insider – Hedge fund titan Bill Ackman, the CEO of $18 billion Pershing Square Capital Management, made some pretty negative comments on McDonald’s Wednesday on Bloomberg TV’s “The Pulse.” From Bloomberg TV (emphasis ours): “You know, at this point, […]