Monthly Archives: January 2012
Hedge Funds Down 0.41% in December
New York (HedgeCo.net) – The Dow Jones Credit Suisse Core Hedge Fund Index was down 0.41% in December as the component strategies reported mixed results. The Dow Jones Credit Suisse Core Hedge Fund Index provides daily published index values which […]
Paulson trio share £12m payday despite profit falls
Investment Week – Three directors at Paulson Europe, the London-based arm of one of the world’s best known hedge funds, have scooped a near £12m payday. The business, controlled by US hedge fund star John Paulson, made a profit of £26.5m […]
Hedge funds scammed by Madoff won’t get payments
AP – A federal judge has affirmed a bankruptcy court ruling that thousands of clients of funds that invested money with jailed financier Bernard Madoff do not qualify for payouts that reimburse Madoff customers. The decision made public Thursday by Judge […]
At ASSA: Higher Returns for Activist Hedge Funds
Forbes – Do (high-frequency) activist hedge funds have higher returns? At the 2012 Allied Social Science Associations (ASSA) conference in Chicago, Nicole Boyson (Northeastern University) and Robert Mooradian (Northeastern University) presented the paper, “The Skill of Frequent Hedge Fund Activists”. […]
Retirement funds in Kentucky lose big with hedge fund failure
Christian Science Monitor – A Connecticut-based hedge fund that included $100 million in investments by the Kentucky Retirement Systems has failed and will shut down. T.J. Carlson is chief investment officer for the Kentucky Retirement Systems. Carlson told the Lexington Herald-Leader that […]
APG-Backed Hedge Fund Seeder IMQubator to Team Up With Synergy
Bloomberg – IMQubator, backed by APG, asset manager for the biggest Dutch pension fund, has teamed up with Hong Kong-based Synergy Fund Management to provide capital to hedge funds in Asia to start up or accelerate fundraising. Synergy, led by Eliza Lau, […]
Paulson After Worst Year Takes Cue From Griffin Climbing Back
San Francisco Chronicle – John Paulson, the billionaire money manager who’s vowed to restore his hedge fund to profitability after the worst year of his career, may have to take a cue from rival Ken Griffin. Paulson’s $28 billion firm, […]
Stenham Asset Management launches new global macro fund of hedge funds
Banking Business Review – UK-based Stenham Asset Management has launched a new Global Macro fund of hedge funds – Stenham Helix. The company said that the fund aims to invest in similar types of macro managers but to assemble a […]
Former Soros Trader Said to Return Outside Money in Asia Hedge Fund Penta
Bloomberg – Former Soros Fund Management LLC trader John Zwaanstra plans to return outside capital in Penta Investment Advisers Ltd., the Asia-focused hedge fund he set up in 1998, said two people with knowledge of the matter. The company plans […]
Credit Suisse’s Sohn Said to Plan Hedge Fund This Year
Bloomberg: Albert Sohn, the former head of securitized products at Credit Suisse Group AG (CSGN), plans to start a hedge fund this year within the bank’s asset-management unit, according to a person familiar with the matter. Sohn, 41, is planning […]
Hedge Funds Fell 4.9% in 2011 as European Debt Crisis Hurt Global Stocks
Bloomberg: Hedge funds fell 4.9 percent last year as global stock markets slumped amid fears that the European sovereign-debt crisis would spread and managers struggled with increased market volatility. The Bloomberg aggregate hedge-fund index (BBHFUNDS) dropped 0.9 percent in December, […]
Stenham unveils global macro fund of hedge funds
CityWire – Stenham Asset Management has launched a global macro fund of hedge funds. The Stenham Helix fund invests in macro managers, similar to its flagship Stenham Trading fund, although Stenham Helix also aims to create a portfolio offering monthly […]