Monthly Archives: June 2014
Movie-Investing Hedge Fund Declares Bankruptcy
The Hollywood Reporter – Aramid Entertainment, a hedge fund based out of the Cayman Islands specializing in financing movies, has declared Chapter 11 bankruptcy. The move comes after years of loan-collecting and litigation have left Aramid in a cash-strapped position. […]
The June Eurekahedge Report: $200 Billion In New Hedge Fund Capital
New York (HedgeCo.Net) – Hedge funds rebounded strongly in May following April’s and March’s losses to finish the month up 1.12%, Eurekahedge reports. All hedge fund regional mandates ended the month in positive territory and since January 2013, investors have […]
Senate’s Wyden Pushes IRS Over Hedge-Fund Tax Strategy
Bloomberg – Senate Finance Committee Chairman Ron Wyden is pressing the Obama administration over why the U.S. has failed to end a tax-avoidance strategy used by hedge funds, including John Paulson’s Paulson & Co. Wyden, an Oregon Democrat, asked the […]
Argentina Loses US Supreme Court Appeal In Key Hedge Fund Case, Now In Its 12th Year
International Business Times – According to the Wall Street Journal, the justices on Monday rejected Argentina’s appeal of a lower-court ruling that said the country can’t make bond payments until it compensates hedge funds that refused to accept restructured debt […]
IMF slashes estimate for US economic growth in 2014
Guardian – The International Monetary Fund slashed its forecast for US economic growth on Monday, citing a harsh winter, problems in the housing market and weak international demand for the country’s products. In its annual review of the US economy, […]
Swiss-Asia Financial Starts Hedge-Fund Platform in Hong Kong
Bloomberg – Swiss-Asia Financial Services Pte started a hedge-fund platform in Hong Kong, adding to one in Singapore, to meet rising demand from smaller funds seeking to cut costs amid tighter regulations. Two funds with assets under management of between […]
Exhilway Exits “Risky” Hedge Fund Business, Reassigns Funds
New York (HedgeCo.Net) – Global hedge fund player since 1974, Exhilway, has exited its “risky” hedge fund business in Australia and is starting up a new market neutral hedge fund focusing on the United States and Europe, as well as […]
This Hedge Fund Manager Thinks China Bears Shouldn’t Short The Australian Dollar
Business Insider – Shorting the Australian dollar is one of the most popular trades in the world right now. But the co-founder and chief executive of hedge fund PAAMCO, Jane Buchan, thinks it’s a waste. Read Complete Article
Veterans of Closed Hedge Fund Start Anew
WSJ – A veteran of hedge fund Asian Century Quest Capital LLC plans to launch a fund later this year, the first spinout from what was once one of the largest hedge-fund firms focused on Asia. ACQ, which managed almost […]
‘Black Swan’ hedge fund plans UCITS vehicle
Investment Week – 36 South, the hedge fund whose ‘Black Swan’ vehicle returned 200% in 2008, plans to launch a UCITS version of its long-volatility structure for investors concerned with the current market environment. 36 South CEO and CIO Jerry […]
Hedge fund CEO gives $2.5M to Rauner campaign
AP – A Chicago hedge fund CEO’s $2.5 million donation to the campaign of Republican candidate Bruce Rauner has been termed the largest single donation in an Illinois governor’s race in the post-Watergate era. Campaign disclosure records show 45-year-old Citadel […]
3 of the biggest hedge fund failures ever
USA Today – Rule No. 1 of investing, as Berkshire Hathaway chairman and CEO Warren Buffett famously put it, is to never lose money; rule No.2 is never forget rule No. 1. As intuitive as this rule is, it’s not […]