Monthly Archives: June 2013
SAC Capital Redemptions $2 to $3 Billion: Exclusive
CNBC – The hedge fund SAC Capital received between $2 billion and $3 billion in requests last week from investors for the return of capital, say people familiar with the matter, with the total being closer to $3 billion amid […]
Hedge fund foundation pledges £500m-plus to fight malnutrition
Telegraph – A foundation funded by a London hedge fund has donated $787m (£517m) to tackle children’s malnutrition, at a summit hosted by David Cameron. The donation by the Children’s Investment Fund Foundation (CIFF), funded by the profits of Chris […]
SEC Charges California Hedge Fund Manager in Insider Trading Investigation
New York (HedgeCo.Net) – The SEC has charged a California-based wealth management company and a former hedge fund manager with insider trading on non-public information about technology companies. The SEC alleges that Whittier Trust Company and fund manager Victor Dosti […]
CAIA Honors Six “100 Women in Hedge Funds/CAIA Scholars”
New York (HedgeCo.Net) – Karla Canavan, of Bunge SA, Majlinda Kamberi, from Larch Lane Advisors, Kathryn Kaminski, at the Royal Institute of Technology, Nimisha Patel, of Segal Rogerscasey, Veronica Wong, from Moon Capital Management, and Tenke Zoltani, of Islan Asset Management, have earned […]
Hedge fund that manages SAC money had tough year through April
Reuters – As billionaire investor Steven A. Cohen deals with a spate of redemptions out of his own hedge fund, another firm in which his SAC Capital Advisors has money saw returns plummet in the first four months of the […]
Liquidation model similar to hedge fund side pockets
Pensions & Investments – Zombie fund restructurings are similar to coordinated liquidations of hedge fund side pockets, said Peter McGrath, president of Toronto-based Setter Capital Inc., an alternatives investment firm that invests on the secondary market. In both cases, investors […]
As Japan seeks revival, hedge funds bet on a bust
Miami Herald – Until a couple of months ago, Takashi Yamada had one of the most genteel jobs in Japan. Now, his days are so harried he doesn’t have time to eat lunch. Yamada, 45, is a government-bond trader at […]
Wealthy turn hedge funds into family offices
USA Today – For hundreds of years, family offices have been the financial equivalent of social registers — small, musty preserves of the rich that have little impact on the real world. But now, because of a giant regulatory loophole, […]
Trader’s Assets Frozen by U.S. Court After Smithfield Deal
Reuters – U.S. regulators have obtained a court order freezing the assets of a Thailand-based trader, saying he reaped $3.2 million in illegal profits after getting a tip ahead of the announcement that a Chinese meat company was buying Smithfield […]
Taxpayers To Receive $1.03 Billion From Sale Of GM Common Stock
The U.S. Department of the Treasury today announced that it has agreed to sell 30 million shares of General Motors Company (GM) common stock at $34.41 per share in an underwritten public offering in conjunction with GM’s inclusion in the […]
SEC May Use Rengan Rajaratnam As Link To SAC Hedge Fund
New York (HedgeCo.Net) – Rengan Rajaratnam has pleaded not guilty in NY court to charges of conspiring in an insider trading scheme to illegally earn nearly 1.2 million. He has been charged with conspiring with his older brother, the imprisoned hedge fund manager Raj Rajaratnam, […]
For two hedge funds, SAC redemptions hit close to home
Reuters – Two small investment firms that manage money for SAC Capital Advisors have a lot at stake, as billionaire investor Steven A. Cohen moves to return about $4 billion to his outside investors. The firms, Adams Hill Capital and […]