Author Archives: Editor
This Hedge Fund Manager Who Remembers 1998 Says Prepare for Pain
Bloomberg – Stephen Jen landed in Hong Kong in early January 1997 as Morgan Stanley’s newly minted exchange-rate strategist for Asia. He was soon working around the clock when investors began targeting the region’s currency pegs, first felling Thailand’s in […]
US-Based Hedge Fund Cerberus Buys Risky UK Debt
New York (HedgeCo.Net) – Global hedge fund investor Cerberus has bought £2.3 billion ($3.6 billion) of risky UK commercial real estate loans, the New York Times reports. The Royal Bank of Scotland Group (RBS) has sold a portfolio of Irish […]
Asia Hedge Funds Survive in Year of Pain for Global Industry
Bloomberg – In a punishing year for global hedge funds, those investing in Asiaare the survivors. Stung by poor returns and large redemptions, 889 hedge funds worldwide shut in the first 11 months of the year, above the annual average […]
Big hedge funds win again on PetSmart, Riverbed
CNBC – On Sunday, pet supply retailer PetSmart agreed to the largest leveraged buyout of the year at $8.7 billion. Hedge fund firm JANA Partners had been pushing for a sale and, with a 9.9 percent stake in the company, […]
Hedge Funds Gain $117 Billion In 2014
New York (HedgeCo.Net) – Hedge funds are up 4.62% year-to-date, and based on preliminary returns reported by funds with daily liquidity, Eurekahedge expects the index to be broadly flat in December and finish in the 4% to 5% range for […]
Hedge Fund Managers Among The Largest Philanthropic Donors Of 2014
New York (HedgeCo.Net) – With the season of giving upon us, Wealth-X today released a list of the 10 biggest single charitable donations of 2014. Billionaire investor Warren Buffet made the largest donation of 2014, giving US$2.1 billion to the […]
Hedge-Fund Manager Makes Millions Moonlighting as Wildlife Photographer
Bloomberg – A black-and-white photograph of a charging rhinoceros dominates one wall of David Yarrow’s $230 million hedge-fund firm, Clareville Capital Partners LLP, in London. Unlike the art that hangs in the offices of most highflying hedge funds, however, the […]
New York Lawyer Charged With Conducting Ponzi Scheme After Being Rescued From Hudson River
New York (HedgeCo.Net) – The Securities and Exchange Commission has charged a Manhattan-based attorney with conducting a Ponzi scheme that defrauded some of his legal clients as well as close family members and friends. The SEC alleges that Charles A. […]
Juniper Networks, Hedge Fund in Board Talks
WSJ – Juniper Networks Inc. is in talks with activist investor Elliott Management Corp. about adding new directors to its board, a move that could enable the technology company to avoid a proxy fight. Elliott, which owns a roughly 9% […]
Boss of hedge fund Weavering battles fraud charges in London court
Reuters – Magnus Peterson, battling fraud charges after his $600 million Weavering hedge fund collapsed during the financial crisis, told a court on Friday he could not remember which investors he had warned about his fund’s use of complex financial […]
Hedge Funds’ Bullish Gold Bets Defy Goldman Outlook
Bloomberg – funds are the most bullish on gold since August, defying Goldman Sachs Group Inc.’s prediction that the rally in prices will fade. The net-long position in New York futures and options climbed for a fourth week, the longest stretch […]
A Hedge Fund Manager Provides Advice To Students
Forbes – If you could listen to a conversation between a hedge fund manager and some students, what would they say? What advice would the hedge fund manager give? Upgrade Capital, a hedge fund talent scout, recently hosted a discussion […]