Author Archives: Editor
Paul Singer’s Hedge Fund Pushes Technology Giant EMC to Break Up
NYT – Elliott Management, the activist hedge fund that owns 2.2 percent of the technology giant EMC, is calling for the $57 billion company to break itself apart. In a letter addressed to EMC’s chief executive, Joe Tucci, and the […]
Louis Bacon’s hedge fund brings more of it home
The Independent – Louis Bacon’s $15bn (£9.3bn) hedge fund Moore Capital boosted profits in its Mayfair office last year despite the loss of one of its star fund managers, Greg Coffey. Mr Bacon saw the European part of his business […]
Hedge funds slip in September but stock funds fall more
Reuters – Hedge funds finally have a little something to brag about, losing less money in September than the average mutual stock fund manager, according to data released on Tuesday. The HFRI Fund Weighted Composite Index, a widely watched performance […]
Hedge Fund Dropped Some Hints About Its Big Short
Bloomberg – Kerrisdale Capital, the self-promotin’-est hedge fund in the land, is out with its big billion-dollar short idea, and it’s Globalstar. Here is Kerrisdale’s report arguing that Globalstar is worth zero, and the 144-slide presentation of the thesis. The […]
Macro managers finally gain on ‘perfect storm’
Bloomberg – Hedge funds that bet on broad macroeconomic trends have bled money all year waiting for their investment ideas to hit. Some of their biggest wagers—from rising interest rates to a stronger U.S. dollar to more volatile markets—finally paid […]
Hedge Fund Manager Charged With Lying To Investors Over Madoff Losses
New York (HedgeCo.Net) – Former hedge fund manager Nikolai Battoo has been ordered to pay more than $358 million in a SEC lawsuit stemming from million in losses Battoo hid from investors. “This is an appropriate penalty because of the sheer […]
HFA Seeks Clarification Of “Accredited Investor” In JOBs Act
New York (HedgeCo.Net) – The Hedge Fund Association yesterday submitted a comment letter to the U.S. Securities and Exchange Commission (SEC) as the regulatory agency considers proposed changes to the definition of an “accredited investor” under Rule 501 of Regulation […]
Top-Performing China Hedge Fund Exceeds $1 Billion in Assets
Bloomberg – Golden China Fund, the best-performing hedge fund investing in the nation over 10 years, exceeded $1 billion in assets for the first time with bets on financial, real estate and technology stocks. The fund, managed by Greenwoods Asset […]
The Hedge Fund Winner Who Went to Juilliard: Bruce Kovner’s Arts Philanthropy
Inside Philanthropy – Bruce Kovner founded and ran one of the most successful hedge funds in the country, Caxton Associates, from 1983 until his recent retirement. Now, he’s worth $5 billion and has more time on his hands for philanthropy. […]
Hong Kong Protest Exceeds Hedge-Fund Manager’s Wildest Dream
Bloomberg – Hong Kong hedge-fund manager and pro-democracy activist Edward Chin says that the scale of student protests that exploded in the city from Sept. 28 exceeded his “wildest dreams.” “I just expected 10,000 people sitting at Chater Garden,” Chin […]
The top 35 MBAs for getting a job in hedge funds, private equity and asset management
EFC – MBAs with ambitions to work in the financial sector still have more opportunities available to them in investment banking than elsewhere. However, it’s private equity and hedge funds where the biggest packages are dangled in front of business […]
San Francisco Pension Weighs Investing in Hedge Funds
Bloomberg – The San Francisco Employees’ Retirement System board tomorrow will consider whether to add hedge funds to its asset allocation, just as the California Public Employees’ Retirement System announced plans to divest such investments. The board should approve investing […]