Monthly Archives: March 2013
Hedge fund closures keep rising
Financial Times – The number of hedge funds going out of business rose for the third year in a row in 2012, according to HFR, a data provider. Last year, 873 funds failed or closed their doors out of the […]
In Gold Selloff, Hedge Funds Likely Driving ETF Outflows: Commerzbank
We won’t know which brand-name money managers are selling off gold until the next round of quarterly portfolio filings, which I believe doesn’t come until mid-May. But the fingers are already being pointed at hedge funds. Commerzbank’s commodity strategists this […]
Hedge Fund Compensation Trends Revealed in the 2013 Report
West Palm Beach (HedgeCo.Net) – Hedge fund professionals are enjoying fat wallets once again. Their average cash compensation rose 15 percent to $314,000, according to the 2013 Hedge Fund Compensation Report. In addition to analyzing the salaries and bonuses of […]
Gun Investments By Hedge Funds Continued In Period That Includes Sandy Hook Shootings
WASHINGTON — Financial firms and hedge funds invested roughly $79 million in gun manufacturers during the last quarter of 2012 — a period that includes the Sandy Hook Elementary School massacre in Newtown, Conn. The purchases are the focal point […]
Hedge-Fund Liquidations Jumped in 2012 on European Crisis
Hedge-fund liquidations rose to a three-year high in 2012 as the European debt crisis and concerns about global economic growth hurt performance for the $2.3 trillion industry, according to Hedge Fund Research Inc. The number of firms shut jumped to […]
Hennessee: Hedge Funds Lag Equity Markets as Rally Continues
New York (HedgeCo.Net) – Hedge fund research and consulting firm, Hennessee Group LLC, announced that the Hennessee Hedge Fund Index advanced +0.23% in February (+3.01% YTD), whilethe S&P 500 advanced +1.11% (+6.20% YTD), the Dow Jones Industrial Average increased +1.40% (+7.25% […]
Hedge funds fall short on compliance
Risk.net – Operational due diligence analysts find more red flags in hedge funds’ compliance and regulatory functions than any other area. Compliance and regulatory failures are the most common problems identified by operational due diligence (ODD) analysts when they conduct […]
Hedge fund star John Paulson set to quit the US
Independent – Billionaire hedge fund manager John Paulson is considering quitting the US for tax reasons, it emerged yesterday. Mr Paulson, who is best known for betting against the US subprime market in the lead-up to the financial crisis, is believed […]
Hedge Fund Donates $30 Million to Imperial College
NYT – Brevan Howard, the London-based hedge fund, agreed Monday to donate £20.1 million, or $30 million, to the Imperial College to set up a finance research center in its name. Brevan Howard will give the money to the business […]
Former CFO faces sentencing for hedge fund theft
AP – A New York man faces sentencing for embezzling more than $1 million from a hedge fund in Westport where he was chief financial officer. Darrin Foster, formerly of the Bronx, is scheduled to be sentenced Thursday in U.S. […]
Schweitzer, hedge fund notify SEC they intend to take over mining company
Missoulian – Investors including Montana’s former governor have filed formal notice with federal regulators of their intent to take over a precious metals mining company they say has been mismanaged. Former Gov. Brian Schweitzer and the Clinton Group hedge fund […]
China’s rule amendments to allow hedge fund registration
Opalesque Asia – China is set to formally recognize hedge funds with the full implementation of amendments to its Securities Investment Funds Law that allows registration of hedge fund firms in the mainland. The changes in Beijing’s investment funds will […]