Monthly Archives: June 2013
WF Asia Fund Wins Best Asian Hedge Fund Award
New York (HedgeCo.Net) – Over 300 hedge fund players showed up to commemorate 70 of the best performing Asian hedge funds for 2012. The Eurekahedge Asian Hedge Fund Awards 2013 marked the 10th anniversary of the event. This year saw a total of […]
Hedge Funds Advance with Equity Markets
Hennessee Group LLC announced today that the Hennessee Hedge Fund Index advanced +1.79% in May (+7.00% YTD), while the S&P 500 advanced +2.08% (+14.34% YTD), the Dow Jones Industrial Average increased +1.86% (+15.35% YTD), and the NASDAQ Composite Index climbed […]
Government’s hedge fund adviser profits from the rise and fall of RBS
Telegraph – There is a certain irony in financier Davide Serra advising the Government on improving “viability” at RBS. Serra was in the cabal of hedge funds that gobbled up shares in ABN Amro in the run-up to the acquisition […]
Mariner adds 3rd hedge fund on Alaska Permanent incubation platform
Pensions & Investments – Mariner Investment Group added a third strategy to the hedge fund incubation platform it manages for the $46.1 billion Alaska Permanent Fund Corp., Juneau. Peter van Dooijeweert was hired as lead portfolio manager of the new Mariner […]
Goldman Sachs Ranks As Top Hedge Fund Prime Broker
New York (HedgeCo.Net) – Goldman Sachs is again the most popular choice for hedge funds in the Americas, topping the annual Absolute Return prime brokerage rankings for the second consecutive year. J.P. Morgan stuck to the second spot, while Credit Suisse leapfrogged over […]
Brevan Howard Currency Trader Luke Ding Said to Leave Hedge Fund
Bloomberg – Luke Ding, who managed a currency hedge fund at Brevan Howard Asset Management LLP, is leaving the firm, according to a person with knowledge of the matter. Brevan will speak with investors before deciding whether to shut down […]
Rival Funds Hope to Feast on SAC Capital Redemptions
Reuters – A long list of rival hedge funds is eager to tap the billions in outside money that Steven A. Cohen’s SAC Capital Advisors is expected to return to investors by year’s end. Large hedge fund firms structured like SAC, where Mr. […]
Global stock markets fall after World Bank cuts growth forecasts
Guardian – Global markets have fallen amid renewed fears over economic growth after the World Bank cut its forecasts for this year, citing a deeper-than-expected recession in Europe and a slowdown in China and India. It said the global economy was likely to grow by 2.2% this […]
Felix Zulauf and 30-Year-Old Son Start Global Macro Hedge Fund
Bloomberg – Felix Zulauf, a former global strategist at UBS AG (UBSN) who opened his own hedge-fund firm in 1990, is starting a fund in Switzerland with his 30-year-old son that will bet on global macro-economic trends. The fund will […]
Romney Treats Hedge Fund Investors and Politicians To High Powered Retreat
New York (HedgeCo.Net) – The Washington Post reports that Mitt Romney hosted a retreat for lawmakers, investors, business leaders and the like at the five star alpine hotel the Stein Eriksen Lodge. Romney wanted to get all his investors together […]
Hedge Fund Industry Association Head To Step Down
New York (HedgeCo.Net) – Reuters reports that Andrew Baker, Chief Executive Officer of the Alternative Investment Management Association (AIMA) will stand down at the end of 2013, he has been CEO since 2009. “It has been a fantastic honour to […]
RBS ‘should be more like a Canadian bank’ proposes hedge fund chief
Investment Week – The Royal Bank of Scotland (RBS) should be converted so that it resembles a Canadian bank, a document created by a hedge fund boss and unwittingly shown to the press has proposed. Yesterday afternoon, Davide Serra, founder and […]