Monthly Archives: June 2013
Libor rigging ‘was institutionalised at major UK bank’
Telegraph – Interest rate rigging was institutionalised at one of Britain’s biggest banks, an insider has claimed, with market manipulation openly discussed between managers, staff and customers. Barclays was last week fined £290m for trying to fix the inter-bank lending […]
Court Says Madoff’s Hedge Fund Victims Can’t Sue Big Banks
New York (HedgeCo.Net) – The trustee in charge of recovering money for the victims of Bernard Madoff’s hedge fund Ponzi scheme aren’t allowed to track down the big banks who allegedly aided in the fraud, a federal appeals court has […]
Swiss global macro manager SteppenWolf launches UCITS IV hedge fund
Opalesque – SteppenWolf Capital, a Swiss-based, macro-focused investment management firm, launched a UCITS IV-compliant fund called “5D SteppenWolf Macro Alpha UI” on 13 May. This German-domiciled fund offers daily liquidity and its fees follow hedge funds’ 2 and 20 structure. The Fund […]
Japan Tobacco Shareholders Reject U.K. Hedge Fund’s Proposals
WSJ – Shareholders of Japan Tobacco Inc. Friday voted down a set of proposals by a U.K.-based activist hedge fund, including a sharp dividend hike. The company, known as JT, has already expressed opposition to the proposals put forward by The Children’s Investment […]
Emerging Market ETFs Deliver Bad News for This Hedge Fund
Nasdaq – Not that the funds needed any additional help searching for new downside, but emerging markets ETFs got just that on Wednesday when Federal Reserve Chairman Ben Bernanke and his colleagues noted that downside risks to the US economy and labor […]
Hedge fund exits rise in June as investors reposition at mid-year
Reuters – Requests to pull money out of hedge funds rose in June as investors used the mid-year point to review their portfolios and release cash to spend elsewhere. Hedge fund administrator SS&C GlobeOp’s forward redemption indicator, a monthly snapshot […]
Britain’s FCA Cracks Down On Hedge Funds
FIN – The U.K.’s new financial-markets regulator is tightening its oversight of the hedge fund industry. The Financial Conduct Authority, which succeeded the Financial Services Authority in April, has begun to review proposed senior appointments at hedge funds, and has […]
Britain’s FCA Cracks Down On Hedge Funds
FIN – The U.K.’s new financial-markets regulator is tightening its oversight of the hedge fund industry. The Financial Conduct Authority, which succeeded the Financial Services Authority in April, has begun to review proposed senior appointments at hedge funds, and has […]
Franklin Templeton Completes Purchase of Equity Stake In Alternatives Specialist Pelagos Capital
Franklin Resources, Inc., which operates as Franklin Templeton Investments, today announced that it has acquired the remaining 80 percent stake of alternative investments specialist Pelagos Capital Management, LLC, to become a 100 percent equity stakeholder. Franklin Templeton acquired its initial […]
Hedge Fund Manager Predicts China Market Crash
New York (HedgeCo.Net) – Hedge fund manager and former chess-grandmaster Patrick Wolff is speculating on a stock market crash in China, according to Reuters. “People are talking way too much about the Federal Reserve and not enough about China,” Wolff said. […]
Hedge Fund Manager Suggests That The Market Is Rigged
New York (HedgeCo.Net) – American hedge fund founder and money manager for George Soros said in an interview with Goldman Sachs that his particular set of skills are no longer needed. “Ten years ago, if the stock market had done what it […]
SandRidge Energy CEO Tom Ward Is Replaced After Criticism From Hedge Fund TPG-Axon
IBT – SandRidge Energy Inc. (NYSE:SD) founder and CEO Tom Ward has been fired from the firm after accusations from activist investors that he put his own interests higher than the company’s, reports Reuters. Ward, who was dismissed Wednesday, will be […]