Monthly Archives: January 2014
Hedge-Fund Manager Paul Singer ‘Shocked’ by Bitcoin Popularity
WSJ – One of the bigger names in hedge funds has come out against Bitcoin–and in favor of beaten-down gold. Paul Singer, founder of $23.3 billion Elliott Management Corp., told investors he was “shocked” by the virtual currency Bitcoin’s popularity […]
Hedge Fund Care to Honor Marathon Asset Management’s Bruce Richards
New York (HedgeCo.Net) – In recognition of his extraordinary dedication to philanthropy, Marathon Asset Management’s Bruce Richards will be presented with the Award for Caring during the 16th Annual New York Open Your Heart to the Children Benefit on Thursday March […]
Vulture Hedge Funds Fight Over Europe’s Debt
New York (HedgeCo.Net) – Marathon Asset Management, the New York-based $11 billion hedge fund is reported to be starting a hedge fund to focus on European distressed debt. “The $530 million fund was opened on Jan. 15 and will start […]
Analyst From NY Hedge Fund Runs 77 Miles On Treadmill
New York (HedgeCo.Net) – A Managing Director at Cliffwater in New York and hedge fund analyst Chris Solarz has won his 6th entry into the Guinness World Records, CNBC reports. “I’ve been running for 23 years now. I starting when I […]
Morningstar Reports Hedge Fund Performance for December
The Morningstar MSCI Composite AW Hedge Fund Index rose 0.9% in December and 9.2% in 2013. In aggregate, single-strategy hedge funds experienced net inflows of $590 million in November, but for the year-to-date through November, they have lost $4.7 billion, with […]
Transatlantic tug-of-war puts European hedge funds in “impossible position”
Risk.Net – Hedge funds are calling for a change to cross-border derivatives rules before European clearing requirements come into force – arguing overseas funds of European managers will be caught in a regulatory tug-of-war. Some of these funds also fall […]
Druckenmiller Lawyer Takes On Hedge Funds Over Contracts
Bloomberg – Stan Druckenmiller, one of the top-performing money managers of the past three decades, discovered a hard truth when he started investing in other hedge funds: Most don’t treat their clients fairly. Partnership agreements frequently leave investors on the […]
Hedge funds hit by passport rules
Financial news – Marketing restrictions are a key part of the Alternative Investment Fund Managers Directive, the controversial legislation aimed at regulating the hedge fund and private equity industries, which was transposed into national laws last July. Managers have a […]
Hedge funds get a reminder of how it feels to lose
NYT – By the time last Friday afternoon was finally over, managers at even some of the most successful hedge funds felt like crawling into a hole. While the S&P 500 declined only 2.6 percent last week, the move came […]
Analysis: Emerging markets rout a reality check for Davos elite
Reuters – Just as they were getting their swagger back, the global elite stumbled last week on an emerging market sell-off that served as a reminder of the risks the global economy still faces. Veterans of the annual World Economic […]
Hedge Fund Taking Stake in Brazil’s B2W
WSJ – Technology-focused hedge fund Tiger Global Management LLC will invest as much as 1.2 billion Brazilian reais ($500 million) in B2W Companhia Digital SA,Brazil’s largest online retailer by revenue. The investment will be part of a capital increase of 2.38 billion […]
Lotus Peak Plans Abenomics Fund of Hedge Funds to Capture Demand
Bloomberg – Lotus Peak Capital Pte, a Singapore-based investment manager, will start a fund of hedge funds to benefit from Japanese Prime Minister Shinzo Abe’s efforts to stoke the world’s third-largest economy. The Abenomics Long Short Fund will start on Feb. 3 […]