Monthly Archives: March 2011
The Four Reasons Why Hedge Fund CAI Liquidated Its Entire Japan Portfolio
Business Insider – Eddie Tam’s Asia-focused hedge fund Central Asset Investments cut its entire exposure to Japan within 3 days of the earthquake, according to Reuters. Before the quake, Tam’s ~$250 million CAI had about 15% of its portfolio in Japan. For […]
Launching Hedge Funds in Asia: J.P. Morgan Guide
New York (HedgeCo.net) – HEDGE:ahead, a resource guide aimed at helping hedge funds in Asia navigate the complexities of launch has been released by J.P. Morgan Worldwide Securities Services. “When a hedge fund is preparing to launch, its managers invariably focus […]
Hedge funds make money on rising commodities in Feb
Commodity Online – Rising commodity prices helped helped hedge fund managers to improve on their returns in February. Hedge funds tracked by Dow Jones Credit Suisse Hedge Fund Index has risen 1.38% in February. Managed Futures managers posted a positive […]
Odey plans global macro Ucits III hedge fund for Bond
Investment Week – Odey Asset Management is preparing to launch a hedge fund for macro strategist Tim Bond, using a similar but more aggressive process to the one he developed on the BarCap RADAR fund. Bond is running a model portfolio […]
Crude Rises; Hedge Funds Slash Oil Bets
Bloomberg – Hedge funds slashed bullish oil bets from an all-time high on concern that demand in Japan will tumble after the country’s biggest earthquake. Oil climbed as allied air strikes in Libya threatened to prolong a supply outage in North […]
Hedge Fund Association Names Edward Foreman Director of Midwest Chapter
New York (HedgeCo.net) – The Hedge Fund Association (HFA) has appointed Edward Foreman, a Tax Partner at Price Waterhouse Coopers, as Director of its Midwest Chapter. “It’s an honor to serve as the Director of HFA’s Midwest Chapter. I have […]
Insider dealing witness ‘made plea bargain’, say defence lawyers
Guardian – Lawyers defending the hedge fund manager in the biggest US insider-dealing trial in decades have laid into the US government’s star witness, branding him a money launderer and tax dodger who cut a plea deal to avoid criminal […]
Hedge fund CAI says cuts entire exposure to Japan
Reuters – Asia-focused hedge fund Central Asset Investments (CAI) has cut its entire exposure to Japan, including stakes in blue-chip companies such as Canon Inc and Toyota Motor Corp , its chief executive said on Friday. Eddie Tam, whose CAI Global […]
Funds Find Opportunities in Volatility
NYT – While other investors have been getting whipsawed by the roller-coaster action in global markets since the earthquake struck Japan a week ago, there are rich pickings these days for Mr. Adler, who runs a $275 million hedge fund […]
Hedge funds batten down the hatches in Japan crisis
Reuters – Hedge funds are keeping their heads down as Japan’s nuclear crisis deepens, although a handful are taking profits after some unexpected gains or positioning themselves for long-term weakness in the yen. Managers had been slowly increasing their interest […]
Richard Breeden to step down as chairman of H&R Block
Reuters – The largest U.S. tax preparer H&R Block Inc said hedge fund investor Richard Breeden would step down as its chairman and director at the end of the 2011 tax season. Breeden, who owns nearly 5 percent of the […]
Frank Proposes $2.5 Billion Levy on Largest Banks, Hedge Funds
Bloomberg – U.S. House Democrats are looking to JPMorgan Chase & Co., Goldman Sachs Group Inc. and Bank of America Corp. to pick up the tab for housing programs targeted by Republican budget cuts. Representative Barney Frank of Massachusetts, the […]