Author Archives: Editor
First Opportunity Fund Announces Redemption of Hedge Fund Positions
New York (HedgeCo.Net) – First Opportunity Fund, Inc. announced today that it had given its notice of redemption with respect to its remaining hedge fund investments. In July of this year, the Fund was notified of proposed structural changes to […]
Blackstone Hiring Hedge Fund Veterans For New Fund
New York (HedgeCo.Net) – Hedge fund investor Blackstone is now hiring top hedge fund talent for the launch of Blackstone Senfina Advisors LLC, a new hedge fund that will will have to up to 30 teams of seasoned investors with $100 […]
Ackman taps Deutsche Bank, UBS for hedge fund portfolio IPO
Reuters – Billionaire investor William Ackman has tapped Deutsche Bank and UBS to handle the listing of one of his hedge fund portfolios in London later this year, three sources familiar with the matter said on Wednesday. Ackman had told […]
Loeb’s Reinsurer Slumps This Year as Hedge-Fund Investors Gain
Bloomberg – Dan Loeb’s foray into the reinsurance industry is proving to be more volatile for investors than his hedge-fund returns. Third Point Reinsurance Ltd., a Bermuda-based firm that relies on the billionaire money manager to oversee its assets, rallied […]
New regulation ‘will increase access to hedge funds’
Business Day – New legislation by the end of the year is expected to attract more individual investors to the previously unregulated hedge fund industry. High net-worth South Africans have been able to access these funds, which are designed to […]
Scottish Vote Said to Push Hedge Fund to Brace for Turmoil
Bloomberg – East Lodge Capital Partners LLP is buying protection against losses on U.K. government debt and the pound before the Scottish independence vote in two weeks’ time, according to a person familiar with the matter. The London-based hedge fund […]
Court Orders Hearing on Citigroup Versus Hedge Fund Case On Argentina Threat
Wall Street PR – The diversified financial services provider Citigroup Inc (NYSE:C) has been advised to face a hearing by the U.S. judge on a subpoena of a hedge fund seeking proof of Argentina threat. The judge was also overseeing […]
Morningstar: Hedge Funds Up In July
New York (HedgeCo.Net) – Morningstar today reported preliminary hedge fund performance for July 2014 as well as estimated asset flows for June 2014: The Morningstar MSCI Composite AW Hedge Fund Index decreased 0.3% in July, but is up 3.4% for […]
Credit Suisse Hedge Fund LAB Index Up 1.84% in August
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 1.84% in August. The Managed Futures strategy was the strongest performer for a second […]
Eric Cantor Joins Donor’s Boutique Hedge Fund & Private Equity Firm
New York (HedgeCo.Net) – Former Republican politician Eric Cantor has joined Moelis & Company as vice-chairman at a salary over $1 million a year, The Guardian reports. Moelis was a donor and political supporter of the former House majority leader […]
Insider traders in U.S. face longer prison terms, Reuters analysis shows
Reuters – U.S. judges are imposing increasingly long prison terms for insider trading, a Reuters analysis shows. The rise is at least partly driven by the bigger profits being earned through the illegal schemes, defense lawyers said. The trend is […]
AIMA Updates Hedge Fund Manager Due Diligence, Adding Post-Crisis Regulatory Directives
New York (HedgeCo.Net) – Reflecting recent regulatory changes, including the Alternative Investment Fund Managers Directive (AIFMD), AIMA has updated its flagship due diligence questionnaire (DDQ) for hedge fund managers, adding over 90 questions. “While much of the post-crisis regulation has […]