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. […]

BNP Expands Hedge Fund Administrative Arm

New York (HedgeCo.net)- BNP Paribas is rolling-out a major investment program to expand its hedge fund and fund of hedge fund administration services, for both UCITs and offshore funds. “As the hedge fund industry becomes more institutional-investor focused, hedge fund managers’ […]

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, […]

Cayman Hedge Fund Launches New York Office

New York (HedgeCo.net) – Cayman Island based hedge fund Trinity Fund Administration (Cayman) Ltd. is expanding its global network with the opening of a new office in New York City. “North America is a key market for us, and we […]

Oklahoma Hedge Fund Changes Name to Covenant Global Investors, AUM Grows to $320 Million

New York (HedgeCo.net) – Covenant Financial Services, LLC., the management company for the Covenant family of target-return, global macro hedge funds and separately managed accounts, has changed its trade name to “Covenant Global Investors.” The change was made to better […]

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 […]