Monthly Archives: March 2011
Japan Hedge Funds Up 2.62% In February, Eurekahedge
New York (HedgeCo.net) – The best regional performance was delivered by Japanese hedge funds, gaining 2.62% in February. Japanese hedge funds investing in financial and insurance stocks, as well as material and mining companies, posted healthy gains – the Nikkei […]
SEC Accuses Juno Hedge Fund Managers of $1.8 Million Fraud
New York (HedgeCo.net) – Two hedge fund founders, Eugenio Verzili and Arturo Rodriguez, have been sued by the SEC for misappropriating $1.8 million from one of their hedge funds, Juno Mother Earth Asset Management. The SEC alleged in Federal court […]
Even Before Quake, Hedge Funds Wagered Against Japan
Advanced Trading – Hedge funds were leery of the Japanese economy even before last week’s devastating earthquake laid waste to the island nation’s infrastructure and marketplace. Long before global markets plunged in the aftermath of the quake, hedge funds were […]
New Front in War Between Companies and Hedge Funds
DealBook – War is brewing: proxy season is fast approaching, and companies are gearing up for their annual fight against activist hedge funds. Now an opening salvo from the prominent law firm Wachtell Lipton Rosen & Katz could, if successful, […]
Hedge fund firm RAB slumps to “unsatisfactory” loss
Reuters – RAB Capital saw losses almost treble last year after assets fell further, highlighting the hedge fund firm’s struggle to recover from a client exodus during the credit crisis. The group, which warned in September that full-year results would […]
Hedge Fund Fined For Violating Natural-Gas Trading Rules
WSJ – CME Group Inc. has fined hedge fund Goldfinch Capital Management LP for violating natural-gas trading rules for the third time in two years. The operator of the New York Mercantile Exchange, home of the U.S. gas futures benchmark, […]
Traders brush off new U.S. lawsuit against Porsche
Reuters – Porsche SE shares rebounded on Wednesday as traders brushed off a new lawsuit filed against the German sports car maker by hedge funds in the United States. Shares of Porsche were up 0.1 percent at 51.39 euros at 1036 […]
Harris Supports Red Cross Relief Efforts in Japan
Harris today announced its support of Red Cross relief efforts in Japan through a $100,000 contribution from the bank’s parent company, BMO Financial Group. To further aid humanitarian relief, all Harris branches will also accept donations to the Red Cross […]
March 23rd Event Brings Together Top Hedge Fund Managers and Investors
New York – March 15, 2011 – The earthquake in Japan and continuing political unrest in the Middle East is realigning the financial markets in unpredictable ways. Investment managers and geopolitical analysts will discuss the impact of recent global events […]
UCITS Hedge Fund Strategy Index takes hit in second week of March 2011
New York (HedgeCo.net) – The UCITS Hedge Fund Strategy Index took a hit in the second week of trading (-0.61%) and is down -0.71% month to date (by business day 10, March 14th, 2011). Out of the eleven sub-strategies only […]
Ovington Capital selects TFG Systems to provide real-time portfolio and risk management
Press release – TFG Systems, a leading provider of real time risk and portfolio management software to hedge funds, announced today that Ovington Capital (Ovington), a London based firm specialising in G-7 fixed income trading strategies, have selected TFG Complete […]
Japanese Market Plummets 20% in 2 Days on Radiation Threat
Business Insider – Traders in Tokyo and Hong Kong said hedge fund selling of Nikkei futures, especially the Singapore-listed contracts , was behind the deepest drop in Japanese shares. Cash volumes on the Tokyo Stock Exchange hit a record for a […]