Monthly Archives: January 2011
FrontPoint Presses On, With a New Fund to Help It
NYT DealBook – After his flight from Cincinnati landed on Nov. 2, Steven Czech, the hedge fund manager of FrontPoint Partners, turned on his BlackBerry and watched as his phone “lit up like a Christmas tree” with the devastating news that […]
Hedge Funds Gain 1.7% in December, Hit Two-Year Peak
Bloomberg – Hedge funds returned 1.7 percent in December, rebounding from a November loss and ending 2010 at the highest level in more than two years as global equity markets rallied, according to data compiled by Bloomberg. The Bloomberg aggregate […]
Polar Capital shuts £30 million hedge fund
CityWire – The Polar Capital Discovery fund, a £31 million global macro hedge fund, is to wind up. The wind up process will begin immediately, Polar Capital told its investors, and the move will result in a loss of £0.6 million. The […]
Hedge Fund Tax Alert: Reporting of ‘Specified Foreign Financial Assets’
New York (HedgeCo.net) – U.S. taxpayers with ownership in foreign hedge funds, investments and assets may be affected by the Foreign Account Tax Compliance Act (“FATCA”), which was included as part of the 2010 Hiring Incentives to Restore Employment (“HIRE”) […]
TA Associates Bets On Hedge Funds
WSJ – Private equity and hedge funds have been converging for some time. But unlike Blackstone Group LP, which manages funds of hedge funds as a business line, TA Associates Inc. has delved into hedge fund-of-funds through a portfolio investment, taking a […]
Smaller Hedge Funds Set to Emerge in 2011
Wall Street News Cast – As capital inflows begin to peak in the larger hedge funds, increased flows from institutional investors to smaller and startup funds are expected to increase, according to third-party marketing and consulting firm Agecroft Partners. Since […]
Porsche wins $2 billion hedge fund suit’s dismissal
Market Crawl – A US federal judge dismissed a lawsuit by 10 hedge fund groups condemning German automaker Porsche SE of cornering the market in shares of Volkswagen AG, resulting in more than $2 billion of damages. US District Judge […]
Hedge Fund Launch: Limestone Global Emerging Markets Fund
New York (HedgeCo.net) – With growing investor interest in emerging markets and following on from the success of its Limestone Wider Russia Fund, London hedge fund adviser Headstart has launched the Limestone Global Emerging Markets Fund. The new fund will […]
Activist Hedge Fund Trying To Oust Ameron’s CEO
Barron’s – The activist hedge fund run by James Mitarotonda called Wednesday for Ameron International’s (AMN) chief executive to be replaced. Barington Capital Group, the hedge fund management firm, made a copy public of the letter it sent to Ameron’s […]
SurModics placates hedge fund
Star Tribune – The Eden Prairie-based biopharmaceutical company SurModics said Wednesday that it has resolved a dispute with an activist hedge fund by appointing two of the fund’s candidates to its board. New York-based Ramius LLC had nominated three directors […]
UCITS Hedge Funds Up 1.07% ($125.7 billion) in Dec 2010
New York (HedgeCo.net) – The UCITS Hedge Fund Alternative Index Global is up 1.07% in December, bringing the 2010 performance to 1.86% while the Fund of Funds Index is up 0.60% bringing the 2010 performance to -0.14%. The Commodities Index […]
Hedge Funds Raise Crude Bets to Four-Year High: Energy Markets
Bloomberg – Hedge funds raised bullish bets on crude oil to the highest level in more than four years on speculation that futures will climb as the U.S. recovers from the deepest recession since the 1930s. The funds and other […]