Monthly Archives: January 2016
Man Group Hires Hill, Lynch From Moore Capital as Money Managers
(Bloomberg) Man Group Plc, the world’s largest publicly traded hedge fund, has hired former Moore Capital Management LP money managers Rory Hill and Ben Lynch as portfolio managers.Hill and Lynch have joined the GLG unit of Man Group that uses […]
L&J Capital Management Launches New Fund
(HedgeCo.Net) L&J Capital Management is launching a new fund, the Galini Market Neutral Fund, on February 1st. The fund will be advised by Galini Capital Advisors (GCA), an investment boutique specialized in physical precious metal trading, based in Belgium and […]
This Hedge Fund Manager’s Worst Ideas For 2016 May Surprise You
(Seeking Alpha) In a new piece for Seeking Alpha, hedge fund manager Chris DeMuth, Jr. wrote a tongue-in-cheek piece spelling out some popular trading ideas for 2016 that he believes are among the worst trades to make. Here’s a look […]
Pershing Square Cuts Stake in Beleaguered Valeant Pharmaceuticals
New York (Hedgeco.net) – After standing by his investment in Valeant Pharmaceuticals (NYSE: VRX) as it fell over 70% from early August through mid-November, Bill Ackman and his fund Pershing Square sold part of their stake in the company in […]
Alternative Industry Takes Aim At Pension Funds
New York (HedgeCo.Net) In a recent paper produced by the Alternative Investment Management Association, the association states that hedge funds have made investors about $1.5 trillion over the last 10 years and that is net of management fees. AIMA also […]
Total Assets In Alternative Investments Approaches $7-Trillion
New York (HedgeCo.Net) According to Preqin’s 2015 Global Alternatives Report, the global alternative assets industry is closing in on $7 Trillion in total assets. This total includes hedge funds, private equity, private debt, real estate and infrastructure funds, but it […]
Brevan Howard Hedge Fund Hit by Outflows as Macro Funds Suffer
WSJ – Investors pulled more than $4 billion from Brevan Howard ’s flagship hedge fund in the seven months to December, as poor returns pushed the portfolio to its first ever calendar year loss. Calculations by The Wall Street Journal, […]
Connecticut Hedge Fund Controller Admits To Embezzling $9 Million
New York (HedgeCo.Net) – Lawrence Herzing, the the former controller of hedge fund Contrarian Capital Management has pleaded guilty to one count of wire fraud stemming from his theft of more than $9 million from Contrarian, Reuters reports. Contrarian Capital […]
Three Partners Said to Leave Former Goldman Trader’s Hedge Fund
Bloomberg – Former Goldman Sachs Group Inc. proprietary trader Morgan Sze will run his Hong Kong-based hedge fund with a leaner team after planned senior departures, said a person who has seen a letter sent to investors. Two partners will […]
Citi Survey Forecasts 30% Decline in Hedge Fund Industry Profits Due to Poor Performance in 2014
New York (HedgeCo.Net) – Hedge fund industry profits in 2013 reached $31.2 billion but poor performance in 2014 cut that figure by 30% to only $21.9 billion, a loss of nearly $10 billion, Citi estimates in their 3rd Annual Hedge […]
What Can The European Central Bank Learn From The Fed?
When the European Central Bank announced that it was launching a bond purchasing program on January 22, the world stock markets took off. Indices across the globe shot higher as the ECB entered its own version of Quantitative Easing, much […]
Venezuelan hedge fund manager to be sentenced in huge fraud
AP – Nearly four years after he confessed to running a massive fraud scheme, a former hedge fund manager is expected to be sentenced in a Connecticut case that had its biggest fallout in Venezuela, where the state oil company […]