Author Archives: Editor
Sears Holdings Gets Cash as CEO’s Hedge Fund Buys Canada Shares
WSJ – Sears Holdings Corp. received an injection of $169 million from its CEO Edward Lampert ’s hedge fund this week, as the fund bought some of the struggling department store company’s shares in Sears Canada. The funds come as […]
Hedge Fund Acquisitions Drive Man Group’s Assets Over $72 Billion
New York (HedgeCo.Net) – UK hedge fund giant MAN Group PLC reported that funds under management are up 25% to $72.3 billion as of 30 September 2014 (30 June 2014: $57.7 billion) with the acquisition of Numeric and Pine Grove […]
5 Years Behind Bars For Former Hedge Fund Analyst
New York (HedgeCo.Net) – A former analyst for a hedge fund investment adviser in San Francisco, California, has received a 3 year prison sentence for his part in a $27 million fraud scheme based on insider trading, The New York […]
Hedge funds face their worst year since 2011
CNBC – Hedge funds are on course for their worst year since 2011, as several of their biggest and most popular trades turned sour and some managers were forced to cut their losses. Wednesday’s new and sudden fall in US […]
Billionaire Hedge Fund Manager John Paulson’s Inversion Bet Falls Sharply
Forbes – Billionaire John Paulson, who initially made his fortune betting against subprime mortgage bonds, has been one of the most aggressive hedge fund managers to bet on stocks that would benefit from the tax-driven inversion deal wave that has […]
Village Capital Seeks $94 Million for New Japanese Hedge Fund
Bloomberg – Village Capital Pte, run by a former manager at Tiedemann Investment Group, is seeking to raise 10 billion yen ($94 million) by the end of 2015 for a new Japan-focused hedge fund that will be run out of […]
Hedge-Fund Guys at the Gate
Bloomberg View – Never has techland felt the influence of activist investors so acutely, with a Who’s Who of hedge-fund luminaries transforming the investing landscape. Jesse Cohn of Elliott Management is pushing EMC to spin off VMWare. Dan Loeb reshaped […]
SEBI confirms ban for Hong Kong hedge fund
Reuters – The Securities and Exchange Board of India’s (SEBI) confirmed its ban on Hong Kong-based hedge fund Factorial Capital Management Ltd on Thursday, saying the fund had not been able to disprove insider trading charges levelled against it earlier […]
AllianceBernstein Expands its Liquid Alternatives Platform With Three New Funds
New York (HedgeCo.Net) – AllianceBernstein’s hedge fund team has launched three new liquid alternative mutual funds, Credit Long/Short (ALASX), Multi-Manager Alternative Strategies Fund (ALATX) and Long/Short Multi-Manager Fund (LSAMX). AllianceBernstein currently has a rapidly growing $19 billion alternatives platform. One […]
Top In Private Equity: Texas Teacher Retirement System
New York (HedgeCo.Net) – The Teacher Retirement System of Texas rose to first place in the ranking of private equity investments, the Private Equity Growth Capital Council (PEGCC) reported in its annual ranking of large public pension funds. The Texas […]
Hedge-Fund Favorites Tumble With Average Stock Loss 16%
Bloomberg – Companies with the highest hedge-fund ownership are leading the U.S. market selloff, with stocks from Ally Financial Inc. to Zynga Inc. retreating twice as fast as other shares over the last month. The 10 companies in the Russell 1000 Index in which […]
Shire Gut Punch Bruises Hedge Funds
WSJ – A rough year for hedge funds turned more perilous as investors sold broad swaths of stock, including shares tied to pending takeover deals, after a closely watched merger hit the skids. Hedge funds have spent much of the […]