Author Archives: Editor
Rafferty Asset Management Closing Five Leveraged Exchange-Traded Funds
PRNewswire – The Board of Trustees of the Direxion Shares ETF Trust has decided to liquidate and shutter five exchange-traded funds (“the Funds”) based on the recommendation of Rafferty Asset Management, LLC, the Trust’s advisor. Due to the Funds’ inability […]
UCITS Alternative Index – August 2014 Performance
UAI Benchmarks The UAI Global index progresses by 0.51% in August and is now up 1.12% since the beginning of year. The best performing strategy this month is CTA with a progression of 2.56%. Coming next are FX and Emerging […]
Hedge-fund billionaire’s wife says she was coerced into signing pre-nup
Chicago Sun Times – It looks like the gloves are off in the divorce of one of Chicago’s wealthiest couples. In an explosive response to the divorce filing from her husband, billionaire investor Ken Griffin, Anne Dias Griffin filed a […]
Hedge Funds Revel in Volatility as Gains Tag Along
Bloomberg – After posting three straight years of losses that thinned the ranks of hedge funds specializing in currencies, the foreign-exchange market is showing signs of rebounding. Parker Global Strategies LLC’s index of leading currency funds climbed 0.9 percent in […]
Concept Capital Markets, LLC Joins the Hedge Fund Association’s Global Thought Leadership Council
HFA – The Hedge Fund Association (“HFA”), a leading nonprofit trade and nonpartisan lobbying organization, announced today the addition of prominent prime brokerage firm Concept Capital Markets, LLC to its Thought Leadership Council. Concept Capital Markets joins fellow council members […]
Banks’ pressure stalls opening of U.S. derivatives trading platform
Reuters – The first interdealer trading platform aimed at opening up credit derivatives markets to new competition has hit roadblocks due to resistance from some banks that dominate such trading, according to several people familiar with the situation. Derivatives markets […]
SEC Sanctions Donald Brownstein’s Hedge Fund Over Conflicts Of Interest
Forbes – Donald Brownstein’s hedge fund firm has agreed to pay a $300,000 penalty to settle a Securities & Exchange Commission enforcement action that claimed the firm failed to adequately try to prevent conflicts of interest regarding investments in its […]
S&P Capital IQ Releases Quarterly Hedge Fund Tracker
New York (HedgeCo.Net) Technology and healthcare stocks saw the largest growth in new hedge fund buying activity during Q2 2014, with Allergan and Apple as the most popular individual stocks, a review of 2014 Q2 13F filings by US-based pure play […]
Manchester United Divides Hedge Funds’ Loyalties
WSJ – Some of Europe’s most powerful hedge fund managers are sharply divided on the outlook for English soccer club Manchester United = PLC, whose share price has declined recently along with its on-field performance. One of the most prominent […]
Hedge fund snapshot: $2.6 trillion in assets in 11,000 funds.
HITC – The research by alternative investment tracking company eVestment aggregated information from 10 databases that collect voluntarily submitted data by hedge funds. After cleaning the data and removing duplicates, eVestment found that there are 7,524 traditional hedge funds, 1,723 […]
Hershkovitz to Leave Post at Israeli Hedge Fund Sphera
Bloomberg – Ori Hershkovitz, head of pharmaceutical research at Sphera Funds Management Ltd., is leaving after seven years of stock-picking at Israel’s largest hedge fund. Hershkovitz, who frequently spoke out against management decisions at Teva Pharmaceutical Industries Ltd. (TEVA), declined […]
Blackstone’s New “Big Bet” Hedge Fund
New York (HedgeCo.Net) – Hedge fund investor Blackstone is preparing to launch a new hedge fund that will will have to up to 30 teams of seasoned investors with $100 million each to play with, according to a report by […]