Monthly Archives: March 2013
Swiss Bank Pictet Sees Value in Europe as Risk Subsides
Bloomberg – Pictet & Cie., the Swiss bank planning to target Middle Eastern clients for its $2.5 billion hedge fund, said investors can make money from European assets as the risk of a break-up in the trading bloc subsides. “We […]
Bridgewater May Be the Hottest Hedge Fund for Harvard Grads, but It’s Also the Weirdest
The Daily Beast – In the Northeast, spring is in the air, and at Ivy League schools, kids are planning their postgraduate futures. But this year, many of the smart young finance things who used to flood to positions at […]
Warren Buffett asks Palm Beach hedge fund manager to spice up annual meeting
Sun Sentinel – A Palm Beach hedge fund manager has been tapped by legendary investor Warren Buffett to add a little “spice” to his company’s annual meeting in May. Douglas A. Kass, 64, was invited to be part of a panel quizzing […]
SEC Charges RAHFCO Hedge Funds Advisers with Fraud
New York (HedgeCo.Net) – The SEC filed a civil injunctive action in New York relating to two hedge funds — RAHFCO Funds LP and RAHFCO Growth Fund LP (collectively “RAHFCO Hedge Funds”). The Commission charged RAHFCO Management Group, LLC (“RAHFCO […]
SEC Hedge Fund Enforcement Chief May Join Pru
FIN – The Securities and Exchange Commission’s top hedge fund cop may become the latest official at the regulator to head for the doors. Bruce Karpati, who leads the SEC enforcement division’s asset-management unit, is in talks with Prudential Financial, The […]
UBS Said to Face O’Connor Hedge-Fund Defections on Bonus
Bloomberg – UBS O’Connor LLC, the $6 billion hedge-fund unit within the biggest Swiss bank, risks upheaval as senior traders seek to defect after a clampdown on cash bonuses, two people with direct knowledge of the situation said. Traders are […]
In Herbalife ‘Short War,’ Hedge Funds Miss the Target
DealBook – A star-studded battle among hedge fund titans over the nutritional supplements company Herbalife became the talk of Wall Street when it erupted. But when the barbs eventually fall silent and the klieg lights dim, how will the Herbalife war end? […]
Hedge funds bristle as EU lawmakers eye new pay target
Reuters – Hedge fund managers could be next in line after bankers to see further restrictions on their pay if European lawmakers follow through on promises to target the sector’s lucrative payouts. After reaching a deal in the early hours […]
Loews’s Tisch Seeks Hedge-Fund Zip to Sidestep Bond Ugly Contest
Bloomberg – Loews Corp. (L) Chief Executive Officer James Tisch, whose company oversees $43 billion in bonds from insurer CNA Financial Corp. (CNA), said he’s counting on hedge funds to boost investment returns amid near-record-low interest rates. Loews manages about $2.5 billion of […]
SEC To Focus On Trade Allocation at Hedge Funds
New York (HedgeCo.Net) – The Securities and Exchange Commission recently discussed its exam priorities for 2013. Topics they will focus on include conflicts of interest related to trade allocation at hedge funds and fund governance, Corgentum’s Due Diligence News reports. The […]
Hedge Fund Firm Splits From CitiGroup
New York (HedgeCo.Net) – Hedge fund asset management firm, Napier Park Global Capital, has completed its spinout from Citigroup. Napier Park has approximately $6.8 billion in assets under management, a four-year operational track record and more than 100 employees in […]
Hedge fund would take Compuware from Detroit, Karmanos says
Detriot Free Press – Peter Karmanos Jr., the former CEO and outgoing chairman of Compuware, gave a full-throated defense Monday of the business software maker’s board of directors and growth prospects and warned that a hedge fund takeover could result […]