Monthly Archives: March 2012
Anger at Goldman Still Simmers
Just before the financial crisis began in September 2008, a prominent hedge fund appeared well positioned to take advantage of any turmoil in the markets. That fund, Copper River Partners, had made sizable bets months earlier against companies whose stocks […]
Mitt Romney hedge fund kingmaker
FORTUNE — As he gears up for the final stretch in the marathon that is the Republican nomination campaign, Mitt Romney has no shortage of eminent financiers to call on — for advice or money. Billionaire hedge fund titans such […]
Hedge Funds Pile Into Stocks After Missing Rally
Businessweek.com – There is a reason hedge fund managers are paid so handsomely. They are considered to be smarter than everybody else when it comes to investing. But that has not been the case recently. Last year was a terrible […]
Coast Asset Management To Sell Its Fund of Hedge Funds Business
New York (HedgeCo.net) – California-based alternative investment firm, Coast Asset Management, it is divesting itself of its fund of hedge funds business in order to focus on fixed income arbitrage investment strategy. “We are pleased with the way our fixed […]
2012 Hedgeweek Awards: BNY Mellon Best Asian Hedge Fund Administrator
New York (HedgeCo.net) – BNY Mellon’s Alternative Investment Services (AIS) division received top industry recognition in the 2012 Hedgeweek Awards last week in London, winning the Best Asian Hedge Fund Administrator Award. “We see the bar being raised each year […]
Mueller receiver files lawsuit against funds’ broker-dealers
Biz Journal – The court-appointed receiver for Sean M. Mueller — the Denver-area hedge fund manager convicted of racketeering, securities fraud and theft — this month filed a $26 million claim against the broker-dealers who operated hedge funds for Mueller, alleging they […]
Goldman Sachs loses bid to end lawsuit over risky collateralized debt obligations
Economic Times – Goldman Sachs Group Inc lost its bid to dismiss a lawsuit accusing it of defrauding investors by selling risky debt linked to subprime mortgages that it planned to bet against. The decision by US district judge Victor Marrero in New […]
Apple Favorite for 7 Top Hedge Fund Manager
The Street – Nowadays readers have access to Websites that track the daily changes in billionaires’ wealth. We wanted to track the performance of billionaires’ top stock picks. By looking at our Billionaire Hedge Fund Index , investors may be […]
Bloomberg’s weird Buffett spoiler
Reuters – Bloomberg and Fortune had weirdly competing stories Wednesday on the subject of Warren Buffett’s “million-dollar bet“. The bet’s duration is ten years from January 1, 2008; Buffett is betting a million dollars that the S&P 500 will outperform […]
On Wall St., Keeping a Tight Rein on Twitter
NYT – “Next stop Dow 57,757? Don’t count on it but Tuesday’s bullish session is in the books.” That dash of market analysis on Twitter wasn’t an impromptu thought from an investor. It was a prewritten post, taken from a library of 140-character […]
Strategic Hedge Fund Planning
By Attorney Hannah M. Terhune, JD, LLM (Taxation) 2012 – Creating a hedge fund to protect and manage your assets or the assets of others for a fee is a practical way to earn a living. Successful hedge funds continue to […]
Proxy battle pits new Yahoo CEO against hedge fund
Reuters – Less than three months into the job as Yahoo Inc’s chief executive, Scott Thompson faces a proxy showdown with hedge fund Third Point that will determine whether he or a slate of dissident directors nominated by the hedge […]