Monthly Archives: June 2013
Vatican bank cleric arrested in €20m corruption inquiry
Guardian – A senior Vatican cleric suspected of trying to help rich friends bring millions of euros into Italy illegally has been arrested as part of an investigation into the Vatican bank. Monsignor Nunzio Scarano, 61, who worked as a senior accountant in the […]
Hedge Fund Boss Leon Cooperman Delivers the Alpha
CNBC – It’s becoming an annual tradition. Every year it seems—multiple times, in some cases—Leon Cooperman takes the stage to discuss his best investment ideas. And much like the plot in the Bill Murray movie “Groundhog Day,” the themes of […]
Hedge Fund Boss Leon Cooperman Delivers the Alpha
CNBC – It’s becoming an annual tradition. Every year it seems—multiple times, in some cases—Leon Cooperman takes the stage to discuss his best investment ideas. And much like the plot in the Bill Murray movie “Groundhog Day,” the themes of […]
Hedge fund firm Lansdowne names new CEO
Reuters – One of London’s largest hedge fund firms, Lansdowne Partners, has named Alex Snow, the former head of UK Investment Banking at Investec, as its new chief executive officer. Snow will take over from Lansdowne co-founder Paul Ruddock, who […]
Nomura Ex-Head of Program Trading Wells Said to Join Hedge Fund
Bloomberg – Nicholas Wells, Nomura Holdings Inc. (8604)’s former head of equities program trading, has left the bank and plans to join hedge-fund firm Millennium Management LLC, according to two people with knowledge of the matter. Wells will be joined at […]
Largest Hedge Fund Operator Ray Dalio Stricken by Emerging Markets
Nasdaq – Investor Ray Dalio , founder of the $150 billion hedge fund Bridgewater Associates, has developed a unique view of the economy, comparing it to a machine. In March, he told CNBC that he expects stocks to perform well […]
Exclusive: Steven Cohen’s $14 Billion Hedge Fund Is Fed To The Birds
Guest Of A Guest – This just in: Apparently even billionaires have pest control problems, or so one might surmise from the flock of wild birds terrorizing the SAC trading floor yesterday. Steven Cohen’s $14 billion hedge fund in Stamford […]
Highlights From The Annual Morningstar/Barron’s Hedge Fund Investment Survey
New York (HedgeCo.Net) – The latest results from the annual Morningstar/Barron’s hedge fund investment survey examining the perception and usage of alternative investments among institutions and financial advisors is out today. Among the findings: Mutual funds are becoming the dominant vehicle […]
Broadridge To Acquire Hedge Fund Management Specialist Bonaire
New York (HedgeCo.Net) – Hedge fund service provider Broadridge Financial Solutions, Inc. has signed an agreement to acquire Bonaire Software Solutions, LLC., according to sources. Bonaire provides fee calculation, billing, and revenue and expense management solutions for asset managers including institutional asset […]
Private Equity Firms Invest $347 Billion In US Companies
New York (HedgeCo.Net) – Private equity firms invested $347 billion in more than 2,000 U.S.-based companies last year, according to the third annual “Private Equity: Top States and Districts” analysis released today by the Private Equity Growth Capital Council (PEGCC). The analysis ranks the […]
Brevan Howard trader linked to Libor probe leaves hedge fund
Reuters – A trader allegedly connected to a global rate-rigging scandal has left hedge fund Brevan Howard, the company said on Thursday. Chris Cecere, who joined Brevan Howard’s Geneva office in 2010 from Citigroup Inc., has left the hedge fund […]
Apple and BlackBerry continue to play cruel tricks on hedge funds
Yahoo – One of the most popular trading ideas among tech funds is to short BlackBerry — more than 30% of its stock was sold short recently. And another very popular idea has been going long on Apple, of course. As we all […]