Author Archives: Editor

Aussie Shorts Lure Ex-UBS Trader’s Hedge Fund as China Slows

Bloomberg – MST Capital Pty, a hedge fund run by former UBS AG trader Gerard Satur, is betting the U.S. dollar will strengthen against the currencies of Australian and New Zealand as China?’s economy slows. The macro fund, which is […]

This investor went from hedge fund to franchise

CNBC – In the 13 years he ran a $3.5 billion long/short fund, KCM Consulting founder Michael Karsch beat the S&P 500 by 100 percent. Throughout his career, Karsch also worked with the likes of hedge-fund titan Stanley Druckenmiller of […]

San Francisco board expected to reject 15% hedge fund allocation proposal

P&I – The board of the San Francisco City & County Employees’ Retirement System is expected to reject Chief Investment Officer William Coaker’s plan for a 15% allocation to hedge funds at a meeting in the next several weeks and […]

Hedge Fund Manager Fined $840,000

New York (HedgeCo.Net) – Former hedge fund manager Rajarengan “Rengan” Rajaratnam has been ordered to pay more than $840,000 and was warned against committing future violations of the federal securities laws. The SEC filed civil charges in March 2013 against […]

What do you want to know about Luxembourg’s tax secrets?

Guardian – An unprecedented international investigation into tax deals struck with Luxembourg has uncovered the multi-billion dollar tax secrets of some of the world’s largest multinational corporations. A cache of almost 28,000 pages of leaked tax agreements, returns and other […]

Goldman Dumps $285 Million In Hedge Fund Stakes

New York (HedgeCo.Net) – In order to comply with rules implementing the new Volcker regulations, Goldman Sachs announced the sale of all liquid hedge fund assets. The WSJ reports: In a filing on Wednesday, Goldman said it had sold $2.55 billion it […]

‘Crunch time’ for Britain’s big four banks as competition inquiry launched

Guardian – Britain’s major banks are to be subjected to an 18-month investigation into how they treat their small business and personal customers in a move welcomed by consumer bodies and the new entrants trying to break the stranglehold of […]

Singer Seeks Order to Keep Argentine Lawyer in U.S.

Bloomberg – Billionaire hedge fund managerPaul Singer’s NML Capital Ltd. asked for an emergency court order to keep Argentine lawyer Cesar Guido Forcieri in the U.S. to answer questions about assets that might be tapped to pay off $1.7 billion […]

Hedge funds with India focus set for a sizzling show

Economic Times – India-focused hedge funds could be poised for their best performance in five years, data from industry tracker Eurekahedge showed. The Singapore-based research house has said assets under management (AUM) of India-focussed hedge funds have risen to $2.8 […]

Liquid Alternatives: Hedge Funds and Private Equity Funds for the Masses?

Forbes – In concept, liquid alternative are alternative investments such as hedge funds and private equity funds that are available to any investor. Whereas traditional alternative investments can only be purchased by accredited investors (i.e., people with a net worth […]

Hedge Fund Prime Capital Cuts $93 Million Bet on 500.com

Bloomberg – Prime Capital Management Co. is scaling back its wager on 500.com Ltd. (WBAI), underlining concern about the online bookmaker’s viability. The hedge fund, overseen by Liu Yijun, cut its stake in the Shenzhen, China-based company to $27 million […]

Credit Suisse Liquid Alternative Beta Index Up 0.62% in October

New York (HedgeCo.Net) – The Credit Suisse Liquid Alternative Beta Index (“CSLAB”), which aims to reflect the performance of the overall hedge fund industry, finished up 0.62% in October. The Long/Short Equity strategy was the strongest performer, finishing up 2.00% […]