Monthly Archives: January 2011
Morningstar Reports Hedge Fund Performance for December and Full Year, Asset Flows Through November
Morningstar, Inc., a leading provider of independent investment research, today reported preliminary hedge fund performance for December and for the year ending Dec.31, 2010 as well as asset flows through November 2010. The Morningstar 1000 Hedge Fund Index rose 4.0% in […]
Read The Fierce Letter/Rant This Hedge Fund Manager Wrote To UCONN’s Athletic Director
Business Insider – Robert Burton, the CEO of Burton Capital Management, is not happy. He donated $3 million to UConn’s football team (he’s donated $7 million over the years), but he wants his money back and his name removed from from a […]
SAC’s Steven Cohen takes a slice of Domino’s Pizza
Reuters – Hedge fund magnate Steven Cohen reported a 5.3 percent passive stake in Domino’s Pizza Inc, sending its shares up 2.4 percent after the bell. Cohen, founder of hedge fund SAC Capital, owns 3.2 million shares of the pizza […]
Event-Driven Hedge Fund Managers Gain 16% In 2010
Barrons – Last year, flexibility was the key to outperforming in hedge funds, according to a study by industry consultant Hennessee Group. In a report out today, it says that managers who keyed on moving as events seemed to dictate rather […]
SEC proposes reporting for large hedge funds
Investment Executive – The U.S. Securities and Exchange Commission proposed a rule Tuesday that would require advisors to hedge funds and other private funds to report certain information to the new U.S. Financial Stability Oversight Council. Under the proposal, larger […]
Cyber Security & Hedge Funds
New York (HedgeCo.net) – With details trickling in about how the sophisticated Stuxnet computer worm derailed years of work on Iran’s nuclear program, many seasoned observers are left to wonder what might happen if such a powerful weapon were ever […]
Morningstar Predicts Hedge Fund Takeover Candidates
New York (HedgeCo.net) – Independent hedge fund research firm, Morningstar, Inc., has published its Merger and Acquisition Outlook for 2011, identifying the 100 most likely takeover candidates across Morningstar’s equity coverage universe. “While global merger and acquisition activity has been […]
Finance industry “almost lawless”, says Toscafund
Reuters – The financial services industry is practically “lawless” and needs better regulation of individuals entering the sector, a partner at Toscafund, one of the UK’s most high-profile hedge fund firms, said on Monday. Savvas Savouri, partner and chief economist […]
Blankfein Flunks Asset Management as Jim Clark Vows No More Goldman Sachs
Bloomberg – On Jan. 2, Jim Clark, a founder of such technology icons as Netscape Communications Corp. and Silicon Graphics Inc., was at home in Palm Beach, Florida, when he got an e-mail from an executive at Goldman Sachs Group Inc.’s private […]
US hedge funds set to relaunch legal fight to Porsche/VW deal
Arabian Business – US hedge funds are likely to relaunch a legal bid targeting a planned merger between carmakers Porsche and Volkswagen, both of which Qatar Holding owns a minority stake in, VW’s finance chief said. “There is a high […]
Mittal Heiress Buys Stake in Roc Capital
New York Times – Vanisha Mittal Bhatia, the only daughter of the world’s fifth-richest man, Lakshmi N. Mittal, ArcelorMittal’s chief executive, recently purchased a sizable stake in the quantitative hedge fund Roc Capital, according to a filing with the Securities […]