Author Archives: Editor
Sandell Hedge Fund Sends Activist Letter To TransCanada
New York (HedgeCo.Net) – Activist hedge fund Sandell Asset Management is taking on oil giant TransCanada, requesting a spinoff of its energy sector and urging the company to take advantage of a low tax paying affiliate. “Although we are excited […]
Cannabis hedge funds join the green rush
LA Times – The frenzy in the cavernous Green Valley Ranch Resort ballroom might have passed for any confab of entrepreneurs pitching their business plans to pokerfaced angel investors — until an organizer took the podium for a public service […]
Hedge Fund Trends For 2015: Cybersecurity, Branding, Big Data
New York (HedgeCo.Net) Hedge fund founders, CEOs, COOs and CTOs got together to discuss the critical operational issues and trends that will impact hedge funds and other alternative investment vehicles in 2015. The 9th annual Gravitas Trends thought leadership event, […]
Hedge Funds Cut Gold Bets in Fastest Exit This Year
Bloomberg – Hedge funds extended their fastest exit from gold this year, cutting bullish gold wagers for a third week. The net-long position in New York futures and options fell 14 percent, U.S. government data show. Holdings tumbled 49 percent […]
Perella Weinberg to Close Xerion Hedge Fund
WSJ – A high-profile hedge-fund manager is throwing in the towel, the latest retreat in an industry that has struggled to navigate this year’s volatile markets. Daniel Arbess, known for his public predictions on macroeconomic trends, said Friday that he […]
Hedge fund ISAM launches brokerage service
Reuters – British hedge fund ISAM, founded by ex-Man Group chief executive Stanley Fink, said on Monday it had launched a new currency brokerage service for institutional clients, named IS Prime. The new unit would provide retail brokers, asset managers, […]
Hedge Funds Myriad, Azentus Held $637 Million Alibaba Shares
Bloomberg – Asia hedge funds Myriad Asset Management Ltd. and Azentus Capital Management Ltd. held $637 million American depositary receipts in Alibaba Group Holding Ltd. (BABA) at the end of September. Myriad, which manages more than $3.5 billion, disclosed a […]
Hedge Funds Care / Help for Children Canada Gala Raises Nearly C$200,000
New York (HedgeCo.Net) – Well over 200 Canadian hedge fund and financial services industry professionals and supporters gathered at the Spoke Club in Toronto November 4 for the 11th annual “Open Your Hearts to the Children Gala.” The special fundraising […]
Hedge Fund Net Flows Advance 0.74% In November
New York (HedgeCo.Net) – The gross return of the SS&C GlobeOp Hedge Fund Performance Index for October 2014 measured -0.81%. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.74% in November. “Net flows were positive […]
Hedge fund Third Point steps up pressure on Dow Chemical
Reuters – Hedge fund Third Point is considering launching a proxy contest at Dow Chemical Co after negotiations over board seats with the largest U.S. chemical company broke down on Thursday, two sources familiar with the talks said. Dow had […]
Hedge fund Lonestar shutting down
CNBC – Lonestar Capital Management, a $1 billion hedge fund based in San Francisco, is shutting down, according to The Wall Street Journal. A person answering the phone at Lonestar’s office said he could not comment on the planned closure or […]
Hedge fund donations help Tories raise twice as much as Labour
Guardian – The Conservatives have received double the donations of Labour and 60 times more than Ukip over the past three months, including more than £1m from hedge funds and £150,000 from the wife of a former Russian government minister […]