Monthly Archives: January 2015
Battered Hedge Fund Billionaire John Paulson Adds To Merger Bets
Forbes – Billionaire John Paulson received a lot of press for a 36% drop in his Advantage Plus fund last year as assets at Paulson & Co. fell below $20 billion. But investors continue to look at the hedge fund […]
Former Citadel Employee Arrested for Theft of Hedge Fund Trade Secrets
New York (HedgeCo.Net) – A young science engineer whippersnapper, Yihau Pu, also known as “Ben” has been sentenced to three years in federal prison, the Chicago Tribune reports. The prosecution said he “meticulously planned and brazenly executed” the theft of sensitive trade […]
UCITS Hedge Fund Strategy Index Down -0.10% in December
New York (HedgeCo.Net) – After having reported gains of 0.81% in November, the UCITS Hedge Fund Strategy (HFS) Index has taken a small loss in December 2014 of -0.10%, the UCITS Index reports. The broad index started positively into the […]
Wall Street’s Biggest Hedge Funds Are Losing Billions on Energy
Motley Fool – Gas prices are below $2 per gallon in much of the country, and according to the U.S. Energy Information Administration, the average consumer could save more than $550 on gasoline alone next year. For most of America, […]
Hedge-Fund Bulls Retreat From Soy as Silos Fill Up
Bloomberg – Hedge funds cut bullish wagers on soybeans as forecasts for record global inventories sparked the biggest price slump in more than six months. U.S. farmers will reap their biggest-ever harvest and domestic stockpiles last month were the highest […]
Hedge Funds Cut Oil Bets After Worst Drop Since 2008
Bloomberg – Oil bulls finally caught a break as prices capped their first weekly advance since November. Hedge funds raised their net-long position in West Texas Intermediate crude by 12 percent in the week ended Jan. 13, U.S. Commodity Futures Trading […]
Son accused of killing hedge fund founder dad stands to inherit part of $1.6M estate
Fox – The man accused of killing his millionaire father in the older man’s Manhattan apartment earlier this month stands to collect an inheritance, according to the hedge fund founder’s will. The New York Post reported that Thomas Gilbert Sr.’s […]
Everest Capital falls victim to Swiss franc, shutters largest fund
CNBC – Switzerland’s unexpected decision to allow its currency to float freely once more against the euro may have claimed another victim—Everest Capital’s Global Fund. Bloomberg News, citing a person close to the firm, reported Saturday that Everest’s $830 million […]
Currency Volatility Hurting Some Macro Funds
New York (HedgeCo.Net) When the Swiss National Bank announced that it would abandon the minimum exchange rate of 1.20 Swiss Francs per Euro and that it was lowering the target three-month LIBOR rate further into negative territory, it sent shock […]
Addressing the Desires of Large and Small Investors
New York (HedgeCo.Net) In most industries bigger is better. You have bargaining power as a big business and you have economies of scale that allow you to buy goods at a lower cost. In the hedge fund industry, sometimes it […]
FBI Raids Company With Link To Wolf Of Wall Street’s Danny Porush
New York (HedgeCo.Net) – FBI agents have raided a Florida medical device company run by Daniel M. Porush, who’s character inspired that of Donnie Azoff, in the movie Wolf Of Wall Street. An FBI spokesman said the agency is conducting “law enforcement activity in […]
“Ask Me Anything” Retired Hedge Fund Manager On Reddit
New York (HedgeCo.Net) – Mulling over a Senate bid, billionaire philanthropist and retired hedge fund founder Tom Steyer took to Reddit for a Q&A with the internets. “Question is, can I have more positive influence by running?” Steyer wrote. “I’m […]