Author Archives: Editor
Hedge Fund Manager’s Reputation (For Backyard Sex Parties) Precedes Him
DealBreaker – Marc Leder: the fun-loving Sun Capital Partners honcho also known as the “Hugh Hefner of the Hamptons” — has already scared some Sagaponack neighbors over the parties he’s planning at a massive, new, 8,000-square-foot mansion this summer. Hamptons […]
Thaler To Turn His $1.7 Billion Hedge Fund Into A Family Office
New York (HedgeCo.Net) – JAT Capital Management, a multi-billion-dollar global equity investment firm founded by John Thaler in 2007 is returning client money in order to turn his $1.7 billion hedge fund firm into a family office. “As I approach […]
Activist Hedge Funds: H Partners Wins Mattress Wars
New York (Hedgeco.Net) – The world’s largest bedding provider, Tempur Sealy, has acquiesced to pressure from Rehan Jaffer’s hedge fund, to remove Mark Sarvary as the Company’s President and CEO. Tempur Sealy also appointed one of Jaffer’s senior partners, Usman […]
Obama targets hedge funds in personal remarks on poverty, race
Reuters – President Barack Obama addressed U.S. struggles with class and race in personal terms on Tuesday and renewed his call to close tax loopholes enjoyed by wealthy hedge fund managers as a way to reduce poverty among Americans. “The […]
Hedge fund net inflows rise at fastest pace for 12 months
Reuters – Investors raised their bets on hedge funds at the fastest pace in a year in May, data showed on Tuesday. The SS&C GlobeOp Capital Movement Index, which calculates monthly hedge fund subscriptions minus redemptions, rose 0.92 percent in […]
Hedge fund launches first ETF for Canadian heavy crude oil
Reuters – The first exchange-traded fund tracking the price of Canadian heavy crude launched on Tuesday, enabling investors to gain exposure to the country’s physical crude market and potentially boosting liquidity. The Canadian Crude Oil Index ETF, issued by Calgary-based […]
Obama Attacks Carried Interest Again to Shrugs in Congress
Bloomberg – One of the Democratic Party’s favorite applause lines is getting another turn in the spotlight: hit hedge-fund millionaires with the same taxes as the working class. It still works on the stump even though it has fallen short […]
Paul Singer’s Billion Dollar Hedge Fund Is Going to War Over $58,000
Bloomberg – When it comes to hedge-fund manager Paul Singer’s defaulted-debt claims against Argentina, the billionaire has the law on his side. Actually getting paid, however, is a different matter. Read Complete Article
Argentine Bonds Fall After Hedge Fund Asks to Block Payment
Bloomberg – Argentine bonds issued under local law, which have continued to get paid after the country’s July default, declined after hedge fund Aurelius Capital Management said it’s seeking to block the payments. The nation’s 2024 bonds reversed earlier gains […]
Manny Roman Reports FUM up 7% to $78.1 Billion At Hedge Fund Man
New York (HedgeC0.Net) -Manny Roman, Chief Executive Officer of hedge fund giant Man Group, reported a a good start to the year from a performance perspective which, together with the latest acquisitions, contributed to an overall 7% increase in FUM over […]
Ex-Goldman trader Lim’s hedge fund assets hit $500 million – sources
Reuters – Guard Capital, a macro hedge fund led by two former top traders at Goldman Sachs and Noble Group will stop taking money from new investors from July 1 after a more than ten-fold increase in assets since its […]
Blackstone To Hedge On Canadian Diamonds
New York (HedgeCo.Net) – Blackstone Tactical Opportunities has acquired a 20% equity position in a leading Canadian diamond exploration and development company, according to reports. Blackstone has purchased the shares from Stornoway for $250 million. The hedge fund giant also bought into […]
