Monthly Archives: January 2013
Ex-Citigroup Prop Trader Joel Salomon to Start Hedge Fund
Bloomberg – Joel Salomon, a former director at Citigroup Inc. (C), plans to start long-short equity hedge fund SaLaurMor Capital LP this month. Salomon, 48, left Citigroup in January 2012, where he ran a financial-stock portfolio valued at $700 million […]
2012: Total Hedge Fund Assets Grew To $1.78 trillion
New York (HedgeCo.Net) – The Eurekahedge Hedge Fund Index was up 1% in December, bringing the yearly number to 5.63%. The MSCI World Index1 returned 2.28% in December and was up 13.75% for year 2012. Hedge funds started the year on a strong […]
The latest appointments within hedge funds and funds of hedge funds as well as related service industries.
Hedge Funds Review – Crispin Henderson is to become vice-chairman of global asset management for Ameriprise Financial, the parent company of Threadneedle Investments. Campbell Fleming will take over Henderson’s existing role as CEO of Threadneedle. Both Henderson and Fleming will report to Ted Truscott, CEO of […]
Hedge fund manager Cooperman optimistic toward stocks – CNBC
Reuters – Leon Cooperman, the chief executive officer of hedge fund Omega Advisors, said on Wednesday he is optimistic toward stock markets this year, while bonds are poised for a sell-off. Cooperman, whose hedge fund had $7 billion in assets […]
The Big Fiscal Cliff Deal Winners: Hedge Fund And Private Equity Moguls
Forbes – In 2010 Steve Schwarzman, who runs the private equity and hedge fund behemoth the Blackstone Group, compared efforts to raise taxes on private equity and hedge fund managers with Hitler’s invasion of Poland. Schwarzman ended up apologizing for […]
Hedge funds gain $75bn in 2012
(Investment Europe) – Data from Eurekahedge suggest that the hedge fund industry grew its total assets by $75bn through 2012, as its own benchmark Hedge Fund Index underperformed the MSCI World over the year. The data provider, which monitors some […]
NY Times – A New York State appeals court dismissed a lawsuit brought by hedge funds against Porsche on Thursday, handing the German automaker a big victory in the long-running legal battle over its attempted takeover of Volkswagen. The Appellate […]
One Of The Biggest ‘Hedge Funds’ In The World Is Getting Destroyed By The Yen
(Business Insider) One of the biggest leveraged hedge funds in the world got hit with a 2×4 during the 4th Q. This fund has a mixed bag of assets, but was heavily exposed to big FX positions. The fund made […]
The Big Fiscal Cliff Deal Winners: Hedge Fund And Private Equity Moguls
(Forbes) In 2010 Steve Schwarzman, who runs the private equity and hedge fund behemoth the Blackstone Group, compared efforts to raise taxes on private equity and hedge fund managers with Hitler’s invasion of Poland. Schwarzman ended up apologizing for the […]
Buffett Is Still Crushing That Bet He Made Against Two Hedge Fund Managers In 2008
(Business Insider) It’s 2013, and that means that Warren Buffett is 5 years into a bet he made against two hedge fund managers at New York based fund Protege Partners. Back in 2008, Buffett told Ted Seides and Jeffrey Tarrant […]
Hedge fund industry loses out again
(Financial Times) — Bearish hedge fund managers have lost out in 2012, with the $2tn industry suffering another year of disappointing returns as traders were wrongfooted by a change in fortunes for the eurozone. According to Hedge Fund Research, slight […]
Hedge Fund Administrator GlobeOp Opens Green Mumbai Office
New York (HedgeCo.net) – GlobeOp Financial Services has added a hedge fund administration and data centre facility in Airoli in Mumbai. The new office is located in the same Airoli business complex as GlobeOp’s third Mumbai office, opened in 2009. More than 1,675 […]