Monthly Archives: January 2011
Bonus pressure helps hedge funds poach IT talent
Recruiter – Pressure on banks to limit and defer bonuses and pay only a small percentage in cash enabling hedge fund start-ups to poach key IT staff from the banking sector, according to technology staffing specialist ReThink Recruitment. ReThink Recruitment […]
MAN Group to exploit brokers’ tips through ETF launch
Reuters – Hedge fund giant Man Group is to enter the ETF market with the launch of an innovative fund designed to exploit brokers’ tips. According to the Financial Times, Man GLG Europe Plus Source ETF, will trade brokers’ tips […]
Hedge Funds Reduce Bullish Copper Bets by Most Since August
Bloomberg – Hedge funds reduced their bullish bets on copper futures by the most in five months on concern that China, the world’s largest buyer, may take more steps to restrain its economy. Hedge funds and money managers cut net-long positions, […]
Barai Capital hedge fund under U.S. government scanner
Reuters – The founder of U.S. hedge fund firm Barai Capital Management has been drawn into the government’s insider trading probe that involves “expert network” firms, the Wall Street Journal said, citing people familiar with the matter. Samir Barai, the […]
Connecticut Hedge Fund Manager Charged By The SEC In $53 Million Fraud
New York (HedgeCo.net) – The SEC has obtained a court order freezing the assets of a Stamford, Conn.-based investment adviser and its principal, Francisco Illarramendi, charging that they misappropriated at least $53 million in investor funds and used the money […]
Ackermann Says Bailout Risk Lurks in Unregulated Hedge Funds
BusinessWeek – Deutsche Bank AG Chief Executive Officer Josef Ackermann said unregulated financial companies such as hedge funds may pose a systemic risk to the economy if oversight isn’t increased. “You have an unregulated area which becomes — as a […]
Hedge Funds Face Debt Crisis `Sputnik Moment’: Commentary by William Pesek
Bloomberg – This phrase recalling how the Soviet Union’s 1957 space launch shocked the U.S. is back in vogue thanks to President Barack Obama’s State of the Union address this week. He sees the rise of India and China as a catalyst […]
Replication Offers ETF Investors Hedge Fund Exposure
Advisor One – Since the mid-1980s, when a group of traders including Bruce Kovner, Julian Robertson, George Soros, and Paul Tudor Jones rose to fame by delivering previously unimaginable returns, the investing public has been fascinated by the world of […]
Deutsche Bank launches hedge fund ETF in London
Risk.net – Deutsche Bank has listed an exchange-traded fund (ETF) which gives investors exposure to equity long-short and equity market neutral hedge fund managers. Tracking the performance of 17 hedge funds from 13 alternative investment managers, the db x-trackers db […]
Hedge Fund Guy’s New Best Friend Is Wet, Wet, Wet: Davos Diary
Bloomberg – Water is set to become hedge-fund guy’s new best friend forever. For H2O, unfortunately, the financier is likely to turn out to be what teenage girls and Hollywood gossip columnists call a frenemy. Every time I mention the wet […]
Hedge fund manager made $5bn last year
Guardian – Hedge fund manager John Paulson is thought to have made more than $5bn (£3.15bn) last year – probably the biggest annual profit in investing history. Paulson’s estimated take trumped the near-$4bn he made with his “short” bets against […]