Author Archives: Editor
Amgen, bowing to hedge fund pressure, to cut up to 1,100 more jobs
LA Times – Amgen Inc., the Southern California biotech giant that has struggled to match the torrid growth of its pharmaceutical peers, finds itself in the crosshairs of a New York hedge fund manager, one of the new breed of […]
Activist Hedge Fund Takes Stake in Former A.D.P. Unit
NYT – CDK Global has been a publicly traded company for roughly a month. But the company, a former unit of Automatic Data Processing, has already drawn the attention of an activist hedge fund. Sachem Head Capital Management, a $2 […]
US institutions sour on hedge fund fees, survey shows
Boston Globe – Hedge funds and private equity funds took a hit among US institutions and pension managers in a survey by Fidelity Investments released Monday. The survey found that only 19 percent of American managers of pensions and other […]
Karma chief Nandita Parker leads India hedge funds
LiveMint – When Nandita Agarwal Parker started her India hedge fund a decade ago, all investors in the US wanted to talk about were her children and her husband. “When I went to fund raise in 2004, a fund-of-funds guy […]
London hedge fund Red Kite holds more than half LME copper stocks – WSJ
Reuters – London-based hedge fund Red Kite Group currently holds more than half of London Metal Exchange copper inventories, the Wall Street journal reported, citing LME traders and brokers. LME data shows that there is a dominant holder of the […]
SEC Charges New Jersey-Based Hedge Fund Manager with Insider Trading
New York (HedgeCo.Net) – The Securities and Exchange Commission filed insider trading charges against a New Jersey-based hedge fund manager who allegedly used material, nonpublic information to trade in advance of market-moving news concerning Carter’s Inc. Stephen Slawson, who lives […]
Magnus Carlsen vs. Seniority
By Andrew Lerner Managing Partner, IA Capital Group [email protected] Last year Magnus Carlsen defeated Viswanathan Anand to become world chess champion. Carlsen, 22, convincingly beat Anand, 44, a top grandmaster since 1988, two years before Carlsen was born. A chess […]
Retired Hedge Fund Manager Tom Steyer Donates $71 Million For Green Focus At Midterms
New York (HedgeCo.Net) – Just in time for the mid-term elections, billionaire philanthropist and retired hedge fund founder Tom Steyer has donated an extra $15 million of his own money in to his super-pac, NextGen Climate Action Fund. Steyer, an activist […]
Bill Ackman and His Hedge Fund, Betting Big
Business Day – William A. Ackman, the silver-haired, silver-tongued hedge fund mogul, gestured out the window of a 42nd-floor conference room at Pershing Square Capital Management in Midtown Manhattan. The view was spectacular, but Mr. Ackman’s arm extended not downward, […]
Hedge-Fund Manager’s Combative Style Pays Off
WSJ – Keith Meister takes things personally. The burly and at times combustible hedge-fund manager, tipped off that his expensive coup d’état of the board of corporate landlord CommonWealth REIT could be imperiled by a proposed last-minute tweak to Maryland […]
How Founders Of New Hedge Funds Can Avoid Most Taxes
Forbes – Many hedge fund general partners have become exceptionally wealthy because of their investment capabilities coupled with the way hedge funds are typically compensated for success. However, by using various advanced planning strategies, it’s very possible for the hedge […]
Drawn to Lost Causes, Hedge Fund Seeks to Turn Them Around
NYT – RadioShack is burning through its cash. American Apparel is reeling from chaos in the boardroom. As these two prominent retailers struggle in the throes of financial recalibration, an under-the-radar hedge fund has emerged as perhaps their last hope […]