Monthly Archives: March 2013
The hedge funds’ Google vs. Apple trade
CNN – Starting in February, according to Thomas Kee, who runs an outfit called Stock Traders Daily and writes a column for MarketWatch, hedge fund traders were buying Google and shorting Apple. “The trade worked quite well until about one […]
Last year saw most hedge funds liquidated since 2009
Boston – The greatest number of hedge funds since 2009 were liquidated last year as changes in the industry continued to take hold. This isn’t to say the industry is suffering. In fact, assets finished the year at a record […]
Hedge Fund Legend Does Not Intend To Permanently Quit US Over Tax – Report
Fox – In the wake of reports indicating he may flee New York for tax purposes, billionaire hedge fund titan John Paulson on Friday said he has “no plans” to relocate to Puerto Rico. In a statement, the president of […]
Hedge Funds Build Treasury Bets to ’07 High in Bear Rebuke
Bloomberg – Hedge funds are the most bullish on 10-year Treasuries since 2007, betting the U.S. economy is too fragile for the Federal Reserve to stop buying bonds even as the jobless rate drops to the lowest in four years […]
Cohen’s ’Elan Guy’ Martoma Dropped Ethics for Hedge Fund
Bloomberg – A former student at Harvard Law School, he co-wrote papers on medical ethics before seeking a business degree at Stanford University and joining a little-known Boston hedge fund. Former colleagues say he was nondescript, and other hedge-fund managers never heard […]
The SEC is now Worth $600 Million
The SEC said Friday it has reached a settlement on insider trading charges with CR Intrinsic, an affiliate of billionaire Steve Cohen‘s hedge fund firm. At just over $600 million it marks the agency’s largest ever insider trading settlement. Trader Mathew Martoma, who […]
Foreign hedge funds set to get yuan fundraising toehold
South China Post – Shanghai has started the countdown to the introduction of a “qualified domestic limited partner” (QDLP) scheme, which will allow foreign hedge funds to raise yuan capital on the mainland to make investments in overseas securities. The […]
Hedge fund tycoon Odey collects £1.7m from bet on Trinity Mirror slide
Independent UK – The hedge fund millionaire Crispin Odey was £1.7m richer yesterday after the arrest of four former Sunday Mirror journalists sent shares in owner Trinity Mirror tumbling more than 20 per cent. Mr Odey took a £10m bet […]
Hedge fund makes waves over London Whale episode
Financial Times – In the hard-bitten Detroit of the film 8 Mile, the protagonist played by musician Eminem wins an expletive-filled rap “battle” in a dingy warehouse. A world away, on Park Avenue, New York, Andrew Feldstein, co-founder and chief […]
Hedge funds bet on organic farming in China
BEIJING (Caixin Online) — How much does a cucumber cost in Beijing? The answer varies from 2 yuan (32 U.S. cents) per kilogram to as much as 30 yuan, depending on the variety. At the high end of fruits and […]
Hedge funds see profits as central banks print money
(Reuters) – Global central banks competing to push their currencies lower and boost sluggish economies have opened up money-making opportunities for hedge funds this year. Policymakers from Tokyo to London are freely printing money to lower the relative value of […]
Hedge Fund Giant Paulson: ‘No Plans’ to Flee to Puerto Rico
Fox Business News – In the wake of reports indicating he may flee New York for tax purposes, billionaire hedge fund titan John Paulson on Friday said he has “no plans” to relocate to Puerto Rico. In a statement, the […]