Author Archives: Editor
SCORPEO opens Boston office and expands with senior hires in London and US
User Contributed News – SCORPEO, an independent, multi asset class service provider that captures and delivers value to investors, has recruited Jack McNally as Managing Director of SCORPEO US LLC, based in the firm’s newly opened US office in Boston […]
How Hedge Fund Managers Lower Their Tax Bills
Forbes – Hedge fund managers are generally taxed on much of their income at an income rate of 55 percent. So when they can – using bright line strategies – lower their tax bill, they often consider these transactions. There […]
Hedge Funds Bet on Coal-Mining Failures
WSJ – Hedge funds are betting that some of the largest U.S. coal companies are heading for the financial slag heap. The coal industry is in a prolonged slump with a long list of causes topped by sluggish demand and […]
Big Investors Buying Stakes for Hedge-Fund Fees
Barron’s – There have been headlines almost daily about hedge funds’ poor performance and hefty fees. The funds, which typically levy a 2% management fee and take 20% of returns, have gained less than 3% in 2014, versus a 12.3% […]
Japanese Hedge Fund GCI Sets Up London Office
FIN – Japan’s GCI Investment is setting up shop in London. GCI chief investment officer Naruhisa Nakagawa, business development manager Osamu Saito and a third employee will move from GCI’s Singapore office to the UK this week, reports AsianInvestor, joining […]
State Street Shrinks Hedge Fund Operations With Sale Of SSARIS Advisors To Management
Forbes – In a move that is likely motivated by the increased pressure on banks to limit their exposure to hedge funds, State Street has reached an agreement to sell its hedge fund unit SSARIS Advisors to the unit’s senior […]
Pershing Wins HFMWeek Award For Best Prime Broker – Innovation
New York (HedgeCo.Net) – BNY Mellon company, Pershing LLC’s prime brokerage business unit has been named ‘Best Prime Broker—Innovation’ at the 2014 HFM US Hedge Fund Services Awards hosted by HFMWeek. This is the fourth time Pershing Prime Services has won […]
SS&C GlobeOp Forward Redemption Indicator: 5.05% In November, Up From 3.12% In October
New York (HedgeCo.Net) – Today SS&C GlobeOp announced that its Forward Redemption Indicator for November shows notifications of 5.05%. This figure is up from 3.12% in October. “In line with seasonal expectations, forward redemption requests increased in November due to […]
Activist Hedge Fund’s Plan For Cliffs Natural Resources Destined For The Scrap Heap
Forbes – Hedge fund activism is all the rage these days. But sometimes the turnaround artists get it wrong. Take the case of activist hedge fund Casablanca Capital and its successful ouster of the board of Cliffs Natural Resources CLF […]
Hedge funds: Rock stars or one-hit wonders?
The Tennessean – Hedge funds have been around since the 1920s but they didn’t get a lot of attention until the 1980s. The textbook definition of hedging is an investment made to limit the risk of another investment, and that’s […]
BlueBay’s $1.4 billion hedge fund closure exposes ‘key man’ risk
Reuters – BlueBay, one of Europe’s biggest asset managers, will shut a $1.4 billion (1 billion pound) hedge fund in an unexpected move as fund manager Neil Phillips is leaving. The decision by the $66 billion money manager, a unit […]
Ex-Credit Suisse Trader’s Hedge Fund Sees Crowded Yen Shorts
Bloomberg – Charlie Chan, a former Credit Suisse Group AG proprietary trader who now runs his own hedge fund, is looking to get out of his position selling the yen. Japan’s currency, which slumped to a seven-year low of almost […]