Monthly Archives: January 2013
Appeals courts finds for ex-hedge fund exec vs old partner
Reuters – A former hedge fund executive should be awarded damages after his former partner withheld profits from him, an appeals court ruled Tuesday, the latest twist in a dispute that also includes allegations that one party deliberately set a […]
Endowments May Be Hedge Funds’ Closest Friend
aiCIO – Endowments in the United States have an average hedge fund allocation of 19.1%, according to data firm Preqin. While the average is 19.1%, endowments have a mean hedge fund target allocation of 19.4%, suggesting there is still scope […]
U.S. hedge fund builds stake in Greek gambling monopoly OPAP
Reuters – U.S. hedge fund Baupost Group has a 5.2 percent stake in Greek gambling firm OPAP, a regulatory filing showed on Tuesday, signaling foreign interest in the country’s gambling monopoly before its privatization. Boston-based Baupost Group, run by money […]
Alix Capital reveals fixed income UCITS hedge funds most popular over 2012
Opalesque – The latest quarterly European research on the UCITS hedge funds industry published by Alix Capital, the Geneva-based provider of the UCITS Alternatives Index (UAI) family of indices, reveals that more than half the inflows into UCITS hedge funds (56%, […]
Man Group Backs Former Citadel Manager for New Japan Hedge Fund
Bloomberg – Man Group Plc (EMG), the biggest publicly traded hedge fund manager, is backing a new Japan-focused hedge fund started by Toby Bartlett, a former manager at Citadel LLC and Highbridge Capital Management LLC, according to a statement. FRM […]
It’s Pensioners on the Side of Hedge Funds Making Their Case Against Argentina
DealBook – Maria Teresa Muñoz, a retired secretary from Buenos Aires, has something in common with Paul E. Singer, the billionaire hedge fund manager who is suing Argentina’s government. They are both “holdouts” — the term given to owners of […]
Morningstar: Hedge Funds Up 1.2% in December
New York (HedgeCo.Net) – Hedge fund research firm Morningstar has reported in it’s preliminary hedge fund performance for 2012 as well as estimated asset flows through November. The Morningstar MSCI Composite Hedge Fund Index rose 1.2% in December and advanced […]
BNY Mellon’s Fund Of Hedge Fund Assets Rise By $20 Billion
New York (HedgeCo.Net) – BNY Mellon, the global leader in investment management and investment services, has been recognized as the world’s largest Fund of Hedge Fund (FoHF) administrator in HFMWeek’s bi-annual administrator survey. BNY Mellon saw its FoHF assets under […]
Major Hedge Fund Will Run Two Sets Of Books
Forbes – Bridgewater Associates, one of the largest hedge funds in the world with $120 billion in assets, will soon use Northern Trust to shadow the fund administration work it outsourced to BNY Mellon in 2011. For asset managers, outsourcing […]
Hedge fund researcher wins OP-Pohjola award
Investment Europe – Finnish financial group OP-Pohjola’s Group Research Foundation Doctoral Thesis competition has awarded its prize of €10,000 to Petri Jylhä, for his work “Essays on the Economics of Hedge Funds”. The doctoral dissertation consists of four essays that […]
Hedge Funds Help Portugal Access International Debt Market
WSJ – Hedge funds haven’t always attracted good press, particularly during Europe’s financial crisis. They have been accused of generating unhelpful volatility in the sovereign debt markets that have contributed to soaring yields on euro-zone debt and higher costs of […]
Apple dragging down hedge funds
CNN – Shares of Apple have plunged more than 35% since mid-September, when they hit an all-high of $705. And hedge funds held roughly 3.1% of Apple’s outstanding shares, as of Sept. 30, according to FactSet. Greenlight Capital, run by […]