Monthly Archives: June 2014
Troy Dixon in sweet spot with new structured products hedge fund
Troy Dixon, an ex-Deutsche Bank RMBS trader, has recently set up Hollis Park Partners in New York and is working on the launch of a hedge fund that will seek to seize the “significant opportunities” in the $13.5 trillion structured […]
Hedge fund firm rehired by state for pension advice
The Boston Globe – As the Massachusetts state pension fund overhauls the way it invests in hedge funds, it has rehired a money management firm the fund once dropped — this time only to offer advice about funds run by […]
John Paulson Hedge-Fund Firm Builds $1 Billion Stake in Allergan
WSJ – John Paulson’s hedge-fund firm Paulson & Co. has built a $1 billion stake in Allergan Inc. and supports a takeover of the Botox maker by Valeant Pharmaceuticals International Inc., according to a person familiar with the matter. Paulson’s […]
Hedge-Fund Manager Saiers Steps Down to Pursue Art Career
Bloomberg – Nelson Saiers is stepping down from his role as chief investment officer of Saiers Capital LLC to pursue a career as an artist, leaving the top role at the firm to founder Jason Adler. The 39-year-old money manager […]
Raimondo criticized for keeping hedge fund consultant dropped by Massachusetts
Providence Journal – General Treasurer Gina Raimondo is standing by the state’s hedge fund consultant, even if her counterpart in Massachusetts has decided it’s time for a change in direction. Raimondo, who chairs the State Investment Commission, said through a […]
Here’s How America’s Highest Paid Hedge Fund Manager Is Giving Away His Money
Inside Philanthropy – For three years running, David Tepper has earned the title of highest paid hedge fund manager in America, which likely makes him the highest paid person in the world. Raking in $3.5 billion in 2013 alone, Tepper’s […]
Former First Asset Manager Stephenson Starts Hedge Fund
Bloomberg – John Stephenson, who spent eight years tracking resources at fund manager First Asset Investment Management Inc., is creating his own hedge fund to favor U.S. equities over Canada. Stephenson, who helped manage about C$3.1 billion ($2.89 billion) at […]
Hedge fund calls on Judge Griesa to reject ‘stay’ order requested by Argentina
Merco Press – The last word, however, will be had by Griesa, who will rule on the petition tabled by Argentina. “If Argentina is really serious about its intention to negotiate a way out there is no reason why negotiations […]
Rauner Donor’s Hedge Fund Group Received $200 Million in Bailout Funds
Gapers Block – The Sun-Times reported on Friday that Citadel, a hedge fund founded by Kenneth Griffin, received $200 million in bailout funds in 2009 from AIG. Griffin recently gave Bruce Rauner’s gubernatorial campaign $2.5 million in campaign contributions. Griffin […]
Raimondo stands by hedge-fund adviser canned in Mass.
WPRI – General Treasurer Gina Raimondo is keeping for now the California financial adviser that helps her office pick hedge funds for the state’s investment portfolio, despite a recent decision by the Massachusetts pension board to cut ties with the […]
Ghana’s First Hedge Fund Planned by Ex-Exchange Regulator
Bloomberg – Tikowrie Capital Ltd., a Ghanaian money manager started by a former regulator, plans to establish the West African country’s first hedge fund. “The appetite of investors in the country has grown over the years,” Tikowrie Executive Director Maxwell […]
House Passes Hedging Deregulation Bill
New York (HedgeCo.Net) – The U.S. House of Representatives yesterday passed legislation that would significantly weaken elements of the Dodd-Frank Wall Street Reform and Consumer Protection Act put into place by Obama in 2010. The bill passed by a vote […]