Monthly Archives: January 2014
Oppenheimer Fund Manager Agrees to Settle Fraud Charges
New York (HedgeCo.Net) – Former Oppenheimer & Co. portfolio manager has agreed to be barred from the securities industry and pay a $100,000 penalty for making misrepresentations about the valuation of a fund consisting of other private equity funds. Last year, […]
PCA Said to Shut Down Hedge Fund After CIC Withdraws Backing
Bloomberg – PCA Investments decided to shut a multistrategy hedge fund after China’s sovereign wealth fund, its only major outside investor, indicated it would pull its money, said two people familiar with the matter. PCA also closed its Hong Kong […]
London hedge fund takes 5.2pct stake in UBM amid chief executive search
Venture Capital Post – Hengistbury Investment Partners has acquired a 5.2% stake in UK-based events and publishing firm UBM, according City AM. Hengistbury is the hedge fund established in 2011 by Stuart Partners, former senior partner at The Children’s Investment […]
Hedge funds get bigger as returns get smaller
Hedge funds just keep getting larger and larger. Too bad their returns aren’t. Money invested in these high-octane investment vehicles surged 17% to a record $2.6 trillion in 2013, according to a report from Hedge Fund Research Inc. But Hedge […]
Michael Zimmerman’s Hedge Fund Anticipates 2014 Mobile Shopping Revolution
New York (HedgeCo.Net) – Michael Zimmerman of hedge fund Prentice Capital Management LP believes mobile shopping will change the way we shop, an evolution that is already happening. Online sales on Christmas Day were up 16.5 percent over last year while […]
Hedge Fund Winton Capital Plans U.S. Office
Winton Capital Management, the fourth largest European hedge fund by assets under management, is planning to open a U.S. office in the summer, according to people familiar with the matter. The move is part of a broader global expansion that […]
Exclusive bank-owned FX platform to open doors to hedge funds
(Reuters) – ParFX, a currency trading platform launched to curb the advantage of high-frequency traders, will allow hedge funds to join banks in its trade to increase liquidity and create a wider trading community. The platform, featuring technology to level […]
Charlie Ergen and hedge funds fighting over LightSquared loan
Dish Network Corp. Chairman Charlie Ergen is again fighting with a group of hedge funds that hold LightSquared’s bank debt, this time over which side should be providing a short-term bankruptcy loan to keep LightSquared afloat. In a Thursday filing […]
Credit Suisse Paper Explores Noteworthy Hedge Fund Trends For 2014
New York (HedgeCo.Net) – Credit Suisse Asset Management today released the 2013 Liquid Alternative Beta Performance Review. The paper examines key factors that drove liquid alternative strategy performance in 2013 and explores some of the noteworthy trends that could continue […]
Iceland Prime Minister Not Interested In Hedge Fund Losses
New York (HedgeCo.Net) – The government in Iceland is still refusing to speak to the hedge funds and other creditors that are trying to get their claims paid out. Bloomberg reports. Kaupthing Bank, Glitnir Bank and Landsbanki Islands defaulted on […]
Hedge fund bets on T-Mobile takeover
Kansas City Star – Third Point LLC, the hedge fund founded by activist investor Dan Loeb, bought a stake in wireless carrier T-Mobile US Inc., betting that the company could be acquired by Sprint Corp. or Dish Network Corp. Third […]