Author Archives: Editor
Alleged Hedge Fund Tipster Faces Full Wrath Of Preet Bharara
DealBreaker – Preet Bharara is a big-picture kind of guy. He’s won more than 80 insider-trading convictions. Sure, there’s the one that got away, mostly because the judge presiding was, in Preet’s considered opinion, a fucking idiot. And, sure, it […]
Activist hedge fund writes Walgreens a prescription
Futures – Walgreen Co. will be pressured to boost a $3 billion share buyback that disappointed investors last month after activist hedge fund Jana Partners LLC struck a deal yesterday on three board seats at the U.S. drugstore chain, said […]
Battle lines drawn as hedge funds eye bank businesses
Risk.Net – Hedge funds first rode into town as the rebellious upstarts of the financial markets. They wore leather jackets, rode big motorcycles and caused all sorts of trouble with their antics. But things changed once institutional investors got hold […]
Jana Partners wins Walgreen board seats
Reuters – U.S. drugstore chain operator Walgreen Co. said it had appointed Barry Rosenstein of hedge fund Jana Partners to its board as the company moves to complete its takeover of drugstore chain Alliance Boots. Rosenstein, Jana’s founder and managing […]
Hedge Funds Rebound In August Gaining 1.36%
New York (HedgeCo.Net) – The Eurekahedge September Index Flash reports that hedge funds were up 1.36% in August, with preliminary figures showing that managers posted performance-based gains of US$5.5 billion during the month. Highlights include: Emerging markets and North America […]
Hedge Fund Manager & Accomplice Charged With Portfolio Pumping
New York (HedgeCo.Net) – Minneapolis-based hedge fund manager Steven R. Markusen and an accomplice Jay C. Cope have been charged by the SEC with bilking investors in two hedge funds out of more than $1 million under the guise of […]
Hedge Fund Trader Mathew Martoma Gets 9 Years Behind Bars
New York (HedgeCo.Net) – Former SAC Capital trader Mathew Martoma has been sentenced to nine years in prison for his part in a scheme involving an Alzheimer’s Disease drug trial to make his hedge fund approximately $276 million. “I cannot and will […]
BlueBay, Hedge Funds Take On Asset Managers for UCITS
Bloomberg – Hedge-fund firms such as BlueBay Asset Management LLP and Brevan Howard Asset Management LLP are jumping on demand for liquid alternative investments, offering funds usually reserved for traditional money managers. A Deutsche Bank AG survey of 86 hedge-fund […]
Meet Howard Leedham, the British commando who became a Dubai hedge fund manager
The National – Discipline. Managing risk. Avoiding losses. These are the skills and attributes of the hedge fund manager. They are also arguably the characteristics of a military commander, which is why Howard Leedham, the chief executive of the Dubai-based […]
Hedge Fund Merchant Advances 16% as Oil Drops With Iron Ore
Bloomberg – The Merchant Commodity Fund gained 16 percent in the first eight months as bets on declines in crude oil, iron ore and sugar helped to boost returns, according to Chief Investment Officer Doug King. The fund, run by […]
Satish Joins American Century Investments to Head Global Portfolio Analytics & Engineering Team
New York (HedgeCo.Net) – American Century Investments today announced that Peruvemba Satish has joined the company as a senior vice president responsible for the firm’s newly created Global Portfolio Analytics and Engineering group. Satish reports to American Century Investments Co-Chief […]
Hedge Fund People: Cantor Fitzgerald Wealth Partners Expands National Team
New York (HedgeCo.Net) – Cantor Fitzgerald Wealth Partners, LLC, an affiliate of Cantor Fitzgerald serving the private wealth management market, continues to expand its team with the addition of financial industry veterans Jack D. Mounts and Michael Lonk. Messrs. Mounts […]