Monthly Archives: March 2012
Move to electronic trading will increase hedge fund use of futures
Hedge Funds Review – Competition among buy-side firms and regulations such as Dodd-Frank will push hedge funds to trade electronically, says research from Tabb. Futures trading, mainly electronic, will also increase. Increasing use of algorithms among US hedge funds and […]
Blackstone tops hedge fund investor list
Reuters – Blackstone was the largest fund of hedge funds last year ahead of banking groups HSBC and UBS , according to a survey which showed that the total assets managed by these types of investors failed to grow amid criticisms of […]
Hedge Funds Off to Best Start in Over a Decade
New York (HedgeCo.net) – Hennessee Group LLC, an adviser to hedge fund investors, announced today that the Hennessee Hedge Fund Index advanced +1.72% in February (+4.07% YTD), while the S&P 500 advanced +4.06% (+8.60% YTD), the Dow Jones Industrial Average […]
Hedge funds find loophole to trigger Greek default
Reuters – Some hedge funds have found a legal loophole they believe will force Greece to repay some of its debt in full, three sources close to the matter said on Thursday, in a move that would intensify the standoff between the […]
UK Hedge Fund Firm Expands US Operations
New York (HedgeCo.net) – Rule Financial, an independent provider of business consultancy, IT consultancy and IT services to the global hedge fund community, announced its acquisition of North American consultancy, Waterline Group. This strategic acquisition will accelerate Rule Financial’s growth […]
Hedge Funds See Tax Break in Republican Bill
Bloomberg – A Republican proposal to give small businesses an extra 20 percent tax deduction may yield cuts for some multibillion-dollar hedge funds, law firms and other enterprises that create significant profits with few employees. Republicans hope to release details of […]
February: Hedge funds See $20 billion in net positive asset flows
New York (HedgeCo.net) – Hedge funds witnessed US$20 billion in net positive asset flows, positive returns for all regions and strategies. The Eurekahedge Hedge Fund Index was up 2.06%1 in February as optimism about European debt and strengthening global economy […]
Goldman Begins 2-Year Hedge Fund Wind-Down Per Volcker Rule
This month Goldman Sachs Group Inc. (GS) began unwinding its investments in hedge funds to comply with the Volcker Rule’s ban on banks holding stakes of greater than 3% of the assets of any single fund. The process will take […]
Hedge fund manager Hovde to enter US Senate race
AP – The Republican race for the U.S. Senate nomination is about to get more crowded. Hedge fund manager Eric Hovde was expected to announce his candidacy at campaign stops in Dane and Milwaukee on Thursday. A native of Madison, Hovde […]
Hedge Funds Cut Bullish Gas Bets Most Since June: Energy Markets
Bloomberg – Hedge funds reduced bullish bets on natural gas by the most in eight months as forecasts for warmer- than-usual weather in the eastern U.S. signaled a drop in heating-fuel use with supplies near a seasonal record. Money managers […]
Actively Managed Funds Have Time on Their Side: Lubos Pastor
Bloomberg – In 2011, about 79 percent of large-cap mutual fund managers trailed the Standard & Poor’s 500 Index (SPX), according to Morningstar Inc. The average equity mutual fund lost almost 3 percent last year, compared with a 2 percent gain […]
European distressed hedge funds thwarted by LTRO
Reuters – Hedge funds stalking distressed assets in Europe may be left with slim pickings after a trillion-euro cash injection from the European Central Bank (ECB) eased the pressure on banks to dump some of their weaker holdings. Many fund […]