Author Archives: Editor
The Presidio Group Opens Office in Washington, D.C.
New York (HedgeCo.Net) – The Presidio Group, LLC has opened an office in Washington, D.C. This will be the firm’s third office and its first on the east coast. Steve Aucamp and Brian Pierson, both formerly of Convergent Wealth Advisors, […]
David Einhorn’s Brilliantly Timed Civeo Trades Underscore Rift With Hedge Fund Rival Rosenstein
Forbes – There is a messy fight brewing over the future of Civeo Corporation, a company that runs lodges for oil and commodity drillers operating in far flung regions such as the Alberta tar sands and Western Australia. David Einhorn isn’t […]
Hedge Funds Betting That OPEC-Led Oil Rout Is Near End
Bloomberg – Hedge funds are betting that the oil-price crash is close to ending. Speculators boosted their net-long position in West Texas Intermediate crude by 14 percent in the week ended Dec. 2, the most in 20 months, U.S. Commodity […]
Uber Insurer Says It’s No Hedge Fund, Just Bets on Junk
Bloomberg – The insurer that ride-sharing service Uber Technologies Inc. uses to protect drivers and passengers is going public, promoting how it’s more willing than competitors to invest in junk-rated loans. James River Group Holdings Ltd. outlined its strategy this […]
Hedge Fund Kept U.S. Inquiry Quiet
NYT – In the volatile world of high finance, hedge funds come and hedge funds go. So there was little fanfare last week, apart from a few upset investors, when Vertical Capital, with $1.4 billion under management, suddenly announced it […]
Retirees’ target date funds making hedge fund style bets
Reuters- A fast-growing segment of U.S. retirement plans is using hedge-fund type strategies to bet a small but increasing slice of their assets. BlackRock Inc (BLK.N), the world’s largest asset manager, and Manning & Napier are among the managers that […]
AIMA Publishes Guidelines For Helping Hedge Funds Choose A Prime Broker
New York.Net) -Alternative Investment Management Association (AIMA), the global hedge fund industry association, has published an updated guide for hedge fund managers to use when selecting a prime broker. AIMA’s Guide to Sound Practices for Selecting a Prime Broker incorporates […]
New York Teachers Fight Against Hedge Fund Lobbying
New York (HedgeCo.Net) – School teachers in New York are up in arms about ‘The Washington Park Project.’ They are fighting back against millionaires and hedge fund managers who they say are damaging the public school system in their state. […]
Hedge Fund Code Of Ethics Being Developed
ValueWalk – The Alignment of Interests Association released a report titled “AOI Hedge Fund Investing Principles” earlier this week. The report in essence outlines a comprehensive “hedge fund code of ethics”, that is, “…a document that outlines suggested best practices […]
Hedge Fund Manager Launches The Amerijuana Fund
New York (HedgeCo.Net) – Former founder of the Harley-Davidson Finance Company, Stephen Denari, has left the Prairie Wellness Fund to launch a new convertible debt/equity fund. This financing vehicle will initially provide financing to winning applicants for the newly created […]
Japan Watchdog Recommends Fine for Hong Kong Hedge Fund
Bloomberg – Thirty seconds of trading before the market close that drove a stock higher was cited when Japan’s securities watchdog today recommended fining a Hong Kong hedge fund for market manipulation. Areion Asset Management Co. bought 7.9 million shares […]
Uber’s Investor Club Adds Two Hedge Funds, Qatar’s Sovereign Wealth Fund
WSJ – New investors in the ride-sharing startup’s $1.2 billion round of funding included Middle East sovereign wealth fund Qatar Investment Authority and two hedge funds, Valiant Capital Partners and Lone Pine Capital, according to people familiar with the matter. […]