Monthly Archives: June 2014
US hedge fund slams top pay at First Group
City AM – Management pay at First Group was slammed yesterday by Tom Sandell of New York-based hedge fund Sandell Asset Management, as he said the management team of the UK rail and bus operator had been “well rewarded for […]
Hedge Funds Boost Gasoline Bets as July 4 Holiday Nears
Bloomberg – Speculators boosted bets that gasoline prices will rise on prospects for the most Independence Day traffic in seven years and fighting in the Middle East. Money managers increased net-long positions by 7.6 percent in the week ended June […]
Hedge Fund Billionaire Helps Swing Primary For Pro-Gay Republican
Time – American Unity PAC plays a decisive role in New York GOP primary. The decisive issue in the contested NY-22 primary that concluded Tuesday was the one hardly anyone talked about: gay marriage. Read Complete Article
Hedge Funds Ramp Up Oversight Automation In Face Of New Regulations
New York (HedgeCo.Net) – According to research from Milestone Group, 40 percent of North American asset managers feel that their current operation is unprepared to meet anticipated regulatory changes, driving a desire to increase automation. “Managers need automation, as it […]
Ex-McKinsey partner tells of tips in trial of Rajaratnam brother
Reuters – A former McKinsey & Co. partner whose testimony helped convict Raj Rajaratnam for insider trading returned to court on Thursday to testify against the Galleon Group founder’s younger brother, Rengan Rajaratnam. Anil Kumar, once a top partner at […]
Disaster for bonuses in Barclays’ equities business
eFinancialCareers – It had all been going very well for people in Barclays’ equities business. While the fixed income currencies and commodities (FICC) business is being hacked apart, cash equities is one of the areas Barclays wants to focus on. […]
Israeli Hedge Fund IT Co Financial Algorithms Reportedly Target of $4 Billion Takeover Bid
Algemeiner – Financial Algorithms, an Israeli information technology company that creates trading algorithms for hedge funds, is the target of a $4 billion takeover bid from an unidentified foreign buyer, Bloomberg News reported on Thursday, based on an unsourced report […]
Survey: Investors Partnering With Hedge Funds In New Trend
New York (Hedgeco.Net) – Investors have begun striking up partnerships with hedge funds, underlining the closer collaboration taking place between the hedge fund industry and its investor base, according to a new survey by the Alternative Investment Management Association (AIMA), […]
A Former Hedge Fund Manager Created A Fancy Shuttle Service To Compete With Private Jets
Business Insider – Richard Fertig managed a portfolio of hedge fund investments worth $4 billion until he lost his job in January 2009, another casualty of the Great Recession. Fertig interviewed for jobs left and right, but found finance jobs hard […]
Argentina to Pay “Vulture” Fund $832 Million for Bonds Bought for $49 Million
Global Research – Paul Singer, the billionaire hedge fund manager, has claimed victory in a lawsuit to force Argentina to fork out almost 17 times more than he paid to buy bonds issued by the country. After Argentina’s economy crashed […]
AIMA Signs MoU With China Hedge Fund Industry
New York (HedgeCo.Net) – Global hedge fund industry association, AIMA, has signed a Memorandum of Understanding (MoU) with AMAC, the Asset Management Association of China. The MoU, which was signed in Beijing on 18 June 2014, is the first of […]
Private Equity, Hedge Funds Warned Of “Pay-to-Play” Violations
New York (HedgeCo.Net) – Private equity firm TL Ventures has agreed to agreed to settle SEC charges by paying nearly $300,000 in a SEC case where the firm is charged with continuing to receive advisory fees from the city and […]