Monthly Archives: January 2015
Setter Capital Secondary Market Estimates $49.3 Billion In 2014
New York (HedgeCo.Net) – 2014 marked the busiest year for the secondary market to date with an estimated $49.3 billion in completed transactions, according to the newly released Setter Capital Volume Report, which covers the secondary market for private equity, […]
Manager ‘truly sorry’ for blowing up hedge fund
CNBC – A hedge fund manager told clients he is “truly sorry” for losing virtually all their money. Owen Li, the founder of Canarsie Capital in New York, said Tuesday he had lost all but $200,000 of the firm’s capital—down […]
J.P. Morgan Wins Morningstar’s Fund Manager of the Year Award
New York (HedgeCo.Net) – J.P. Morgan Asset Management has received the 2014 Morningstar U.S. Fund Manager of the Year Award in the Allocation category, recognizing Portfolio Manager Anne Lester and the team on the JPMorgan SmartRetirement suite of target date […]
Best Hedge Fund in Sweden Posts Historic Volatility Returns
BuisnessWeek – Lynx Asset Management AB, which operates Sweden’s top-performing hedge fund, says the recent surge in market volatility has driven its best performance since it was created 16 years ago. “It’s become more exciting,” Chief Executive Officer and Co-Founder […]
Hedge-fund hotshot made $1B betting on oil
NYP – Wall Street is buzzing about hedge-fund hotshot Zach Schreiber, whose New York firm reaped $1 billion last year betting on the oil bust, Bloomberg News reported. Schreiber — a relative unknown even in hedge-fund circles — sounded the […]
Hedge Fund Vs Private Equity Salaries In London
ValueWalk – London is one of the most expensive cities in the world to live in, but if you are employed in the financial industry and can hang on for a few years, you will certainly be able to afford […]
$4 Billion Trader to Start Hedge Fund After Settling Suit With Brevan Howard
Bloomberg – Chris Rokos, who generated more than $4 billion as a trader at Brevan Howard Asset Management, will start his own hedge fund with the backing of his former employer after settling a lawsuit against the firm. Rokos, who […]
Druckenmiller Alums at PointState Make $1 Billion on Oil
BusinessWeek – Hedge fund manager Zach Schreiber stood on stage at Avery Fisher Hall in New York eight months ago and made a bold prediction. “We believe crude oil is going lower — much lower,” Schreiber, 42, told the audience […]
Boss of UK hedge fund Magnus Peterson is convicted in Weavering fraud case
Independent – The boss of collapsed UK hedge fund Weavering could be jailed for up to 10 years after being found guilty of fraud by a London court yesterday, giving the Serious Fraud Office (SFO) one of its most senior […]
$1 Billion Swedish Hedge Fund Bets Draghi to Aid EU Stocks
Bloomberg – Catella Hedge Fund, a Swedish investor with more than $1 billion in assets under management, is buying up stocks it says will do well if Europe’s recovery picks up. After returning 8.2 percent last year and 7.5 percent […]
High Court to rule on US hedge fund Firebird’s Nauru claim
The Australian – The US hedge fund pursuing the Republic of Nauru for millions of dollars owed in bonds will take the fight to the Australian High Court in a move that could still bankrupt the island nation. American hedge […]
Hedge Fund People: SkyBridge Capital Appoints Three New Partners
New York (HedgeCo.Net) – After seeing major growth in 2014, global alternative investment firm SkyBridge Capital, has named three new partners in its hedge fund business: Robert Duggan, portfolio manager; Christopher Hutt, head of hedge fund administration and operations; and […]