Monthly Archives: January 2012
Hedge fund paying $9M; won’t be prosecuted
AP – A hedge fund named in a massive insider-trading case will pay $9 million in settlements but won’t be prosecuted by the Justice Department because it is cooperating in the government’s investigation. Diamondback Capital Management agreed to pay a […]
Hedge funds ‘pushing’ for Greek default
ABC AU – As International Monetary Fund chief Christine Lagarde delivers a blistering warning to European leaders, analysts say that hedge funds are trying to tip countries such as Greece into default. Overnight, Ms Lagarde urged Europe’s political and financial […]
Hedge Fund, Private Equity Bonus Rules Considered by FSA
Bloomberg – The U.K. Financial Services Authority may set bonus rules specifically for hedge fund and private equity managers as it works to implement European Union regulations. The FSA may write “a remuneration code to apply specifically to Alternative Investment […]
Dirty Hedge Fund Dealings Premier At Sundance
New York (HedgeCo.net) – Sundance 12 kicked off over the weekend with the new hedge fund movie Arbitrage playing on day 3 of the festival. The movie depicts a hedge fund magnate under investigation, desperate to complete the sale of […]
GlobeOp Hedge Fund Redemptions At Record Low
New York (HedgeCo.net) – The GlobeOp Forward Redemption Indicator for January 2012 measured 1.85%, down from 4.58% in December 2011. GlobeOp’s data represents approximately 8-10% of the hedge fund industry, with $173 billion in AUM. “January 2012 is the lowest month […]
Copper May Advance as Hedge Funds Turn Bullish: LME Preview
Bloomberg – Copper may gain in London after speculators turned bullish on copper for the first time in four months amid signs of growth in the U.S., rising demand in China and more confidence in Europe. Oil fell for a […]
Avoca Hires Concerto’s Black to Head Hedge Fund Capital Raising
Bloomberg – Avoca Capital Holdings, the Dublin- based investment firm, hired Rachel Black from Concerto Asset Management as head of capital raising for its credit hedge fund business. Black is based in London and reports to Simon Thorp, chief investment officer of […]
Bangert: A hedge fund buck to be made on school reform
JC Online – Standing in unrelenting waves of school reform — private vouchers, teacher merit pay, charter schools, letter grades for districts — public school superintendents up to their waists in the roiling water tend to see sharks just below […]
Hedge Fund Makes Large Investment in Marathon Petroleum
CSN News – Marathon Petroleum Corp. has a significant new shareholder. In a U.S. Securities and Exchange (SEC) filing, hedge fund Jana Partners disclosed it purchased a 5.5-percent stake in the parent company of Speedway LLC. The investment equates to […]
Costs, Compliance for Launching a Hedge Fund
Bloomberg TV- Ingrid Pierce, a partner at Walkers, talks about the cost and compliance components of establishing a hedge fund. Pierce talks with Dierdre Bolton on Bloomberg Television’s “Money Moves.” Watch Interview
Hermes BPK launches fund of managed futures funds
CityWire – Fund of hedge funds firm Hermes BPK Partners has unveiled a managed futures strategy. Hermes BPK, which was formed in 2008 between BP pension scheme manager Hermes Fund Managers and a group of hedge fund professionals, will look […]
What The Specialists Are Saying About Private Equity And Hedge Funds This Year
New York (HedgeCo.net) – “When large-scale hostile takeovers appeared in the 1980s, many voiced the opinion that they were driven by investor greed; the robber barons of Wall Street had returned to raid innocent corporations. Today, it is widely accepted […]