Monthly Archives: January 2012
Dexion Capital expands role as hedge fund service provider
Bloomberg – Hedge funds increased wagers on rising commodity prices to the most in two months and the rally in raw materials accelerated as the Federal Reserve pledged to keep borrowing costs low for three more years. Money managers raised […]
Anger grows over RBS chief’s £900,000 bonus
Guardian – Ed Miliband and Boris Johnson have joined the chorus of criticism over the decision by the Royal Bank of Scotland to award its chief executive a bonus of nearly £1m. The bank is more than 80% owned by the taxpayer, and Johnson, the […]
Hedge funds lift Romney’s income
Boston Globe – Though Mitt Romney made his reputation as a private equity investor, his tax returns show the presidential candidate has a large portion of his wealth in an even more aggressive corner of the investment world: hedge funds. […]
Hedge Fund People Moves: Steven Solmonson Joins Spectrum Asset Management
New York (HedgeCo.net) – Senior hedge fund professional Steven Solmonson has joined $13.4 billion securities firm Spectrum Asset Management, Inc. “Steven and I have known each other for more than 30 years, having worked together at Drexel Burnham Lambert where we launched […]
Hedge Funds Eyeballing Shares of GM
MSNBC – An investment in GM offers upside to the cyclical recovery in the North American markets, as well as the best possible exposure to the secular growth in the BRIC countries, particularly China, but also Brazil. Balance sheet and […]
Texas Fund ‘Eaten Alive’ by Hedge Fees May Curb Costs by Hiring In-House
Bloomberg – Texas’s Permanent School Fund may hire in-house money managers to oversee its $25 billion in assets because returns are being “eaten alive” by hedge-fund fees, according to Chief Investment Officer Holland Timmins. Returns were less than 1 percent […]
Yen jumps most in a month as hedge funds pile in
Reuters – The yen was on track to post its biggest daily gain in a month against the dollar on Friday, as exporters stepped up month-end purchases and hedge funds piled in, triggering stop losses, traders said. Japanese corporates sold […]
Bridgewater Associates, world’s biggest hedge fund, emerges as one of the best performers
Economic Times – Bridgewater Associates, which manages nearly $120 billion, posted returns of 23 percent in 2011 – a year when the average hedge fund portfolio lost 5 per cent. Against the backdrop of fear over European debt and stagnant global growth, […]
WaMu judge may cancel ruling that allows creditors to claim insider trading by hedge funds
Washington Post – A Delaware bankruptcy judge on Wednesday granted Washington Mutual Inc.’s request that she consider throwing out portions of a September ruling that gave some creditors permission to pursue claims of insider trading by several hedge funds, who […]