Tag Archives: medallion
Gold funds draw investment from big miners
Reuters UK- Major gold firms grappling with declining output and surging costs are being cold-shouldered by investors opting for exposure to bullion through exchange traded funds (ETFs) or high-growth junior firms. A wave of money flowing into gold ETFs, which […]
Ackman Adds Cash to Target Hedge Fund as Stock Slides
Bloomberg- William Ackman, the activist hedge fund manager, increased his $2 billion bet on Target Corp. as shares of the second-largest U.S. discount retailer declined as much as 38 percent in the past year, according to two people with knowledge […]
Ackman Adds Cash to Target Hedge Fund as Stock Price Slides 38%
Bloomberg- William Ackman put more cash into the $2 billion hedge fund he started to invest in Target Corp. as shares of the second-largest U.S. discount retailer declined 38 percent in the past year, according to two people with knowledge […]
Ko, former Bear trader, launches hedge fund
Reuters- Melissa Ko, a former star trader at Bear Stearns, has formed a new hedge fund called Covepoint Capital with nearly $1 billion in assets, according to a letter the firm sent to investors on Monday. Ko ran Bear’s Emerging […]
Wall Street’s woes escalate ahead of earnings wave
Yahoo News- Investors can’t seem to catch a break — Wall Street again starts a week with oil prices at their highest levels yet, and banks poised to reveal that they remain on shaky footing. None of the troubles that […]
TCI Hedge Fund Posts Biggest Monthly Loss in June, FT Reports
Bloomberg- The Children’s Investment Fund Management LLP, a London-based hedge fund, lost more than $1 billion in June, posting its biggest-ever monthly loss, the Financial Times reported. The five-year-old fund, also known as TCI, dropped 12.5 percent last month, topping […]
Hedge fund puts freeze on withdrawals
Investment News – Investors in Sandelman Partners LP’s $3.2 billion multistrategy hedge fund will not be able to make withdrawals due to a restructuring of the fund, The Wall Street Journal reported. The announcement came after 20% of stakeholders in […]
Fortis sells hedge fund International Asset Management
Reuters – Belgian-Dutch financial services group Fortis said on Wednesday it had sold former ABN AMRO unit International Asset Management IAM.L as part of a strategy to bolster its balance sheet. Fortis said in a statement it had sold London-based […]
Recent Tax Rulings Affecting Hedge Funds
The Internal Revenue Service (“IRS”) has recently issued new rulings and regulations that have an impact on tax filings by many hedge funds. The new rulings deal with the deduction of investment interest expense for trading funds and fund-level expenses […]
Devaney’s Funds Wiped Out After United Capital Gets Margin Call
Bloomberg- John Devaney is liquidating hedge funds at his United Capital Markets Holdings Inc. after failing to meet a margin call from Deutsche Bank AG. Deutsche Bank seized and auctioned off collateral after the Horizon group of funds failed to […]
Hedge funds turn in their worst record for nearly 20 years because of credit crunch
Independent- Hedge funds turned in their worst first-half performance in almost two decades because of the credit crunch and the onset of a bear market in stocks. Hedge funds declined by an average 0.7pc in June, bringing the year-to-date loss […]
Fewer U.S. hedge fund starts so far this year
Reuters UK- Roughly three dozen U.S. hedge funds have opened for business so far this year, 50 percent less than the same period last year, according to data released on Tuesday that underscored how tough it is to launch one […]
