Monthly Archives: January 2015
A Big Week for the Financial Sector- WFC, BAC, C, GS All Report
New York (HedgeCo.Net) – As the earnings season kicks off this week, one sector that will have more than a few important earnings reports is the financial sector. This week alone we will hear from Wells Fargo on Wednesday morning, […]
CalPERS, PGGM Hedge Fund Chiefs Find New Employment
Chief Investment Officer – The men responsible for running hedge funds at the California Public Employees’ Retirement System (CalPERS) and Dutch giant PGGM have taken jobs at new firms as their pensions decided to dump their sector allocations. Ed Robertiello, […]
Elliott Hedge Fund Demand New Audit Of Kabel Deutschland
New York (HedgeCo.Net) – One of Paul Singer’s activist hedge funds, Elliott Associates, L.P., has demanded a new audit of Kabel Deutschland Holding AG, Reuters reports. “The findings of the special auditor’s report contain troubling allegations that pertain to the […]
Hedge Fund Millionaire Shuns Currencies as Dollar Stalls
Bloomberg – Stephen Diggle, who co-founded a hedge fund that made $2.7 billion over 2007 and 2008, is shunning currencies saying the profit readily available from wagering on the dollar’s appreciation against the euro and yen is over. There’s been […]
Small U.S. hedge funds outpace bigger rivals in 2014
Reuters – Several small U.S. hedge funds outperformed the pack in 2014 with double-digit returns, including some with quantitative and multi-strategy approaches. Data from Hedge Fund Research showed the average fund gaining only 3.6 percent last year, while the Standard […]
Hedge Fund Giant Trying to Take Caesars Entertainment Into Bankruptcy
Motley Fool – Even Caesars Entertainment’s (NASDAQ: CZR ) bankruptcy plans aren’t going to be a straightforward process, much like its operations since it became a public company once again. Today, hedge fund Appaloosa Investment LP and other second lien […]
Oil & Natural Gas Hedge Fund Ends Year On High Note
New York (HedgeCo.Net) – The Caritas Royalty Fund has successfully navigated the turbulent oil & natural gas markets at the end of the year, generating a +30% net return for investors in 2014, the hedge fund reports today. “We divested […]
In 2015 is “Value” the New Buzz Word in the Investment World?
Over the course of the last few weeks, we have been interviewing hedge fund managers that have their strategies on the HedgeCoVest platform. The interviews will appear in our weekly newsletter and are designed to gain insight into the fund […]
Hedge Funds Exhibit Low Performance But Bigger Bonuses
New York (HedgeCo.Net) – Hedge fund professionals received increases in both base salary and year-end bonuses, the 2015 Hedge Fund Compensation Report revealed today. “The difference this year is we saw a reduction in the correlation between fund performance and […]
Launches: Neuberger Berman Global Long-Short Fund
New York (HedgeCo.Net) – Employee-owned investment manager, Neuberger Berman, which manages $247 billion in client assets, has launched the Neuberger Berman Global Long Short Fund, as part of the firm’s continued response to growing client demand for both global and […]
Meet the most powerful woman in hedge funds
CNBC – The hedge fund industry has two new massive independent money managers to start 2015. Leda Braga formally started Systematica Investments this month after years under prominent European hedge fund firm BlueCrest Capital Management. Geneva-based Braga manages the same […]
Dutch pension fund PFZW drops use of hedge funds
Reuters – The Netherlands’ PFZW has become the latest major pension fund to announce it will no longer use hedge funds to manage investments, citing excessive costs, complexity and a lack of performance. The fund, which represents around 2 million […]