Monthly Archives: June 2013
Bruce Lipnick Invited to The Champions of Change Ceremony at White House
New York (HedgeCo.Net) – Hedge fund pioneer, Bruce H. Lipnick, also the Founder and CEO of Crowd Alliance, has been invited to attend the Champions of Change Program on June 4, 2013 at the Eisenhower Executive Office Building at the White […]
New Orleans Firefighters File Suit Against Fletcher Hedge Fund
New York (HedgeCo.Net) – The U.S. Securities and Exchange Commission in 2011 opened a probe into New York hedge fund Fletcher Asset Management as three Louisiana pension systems raised questions about its liquidity. The firm received investments of $100 million from […]
Texas Investors Lose $215 Million Claim Against Hedge Fund Adviser
New York (HedgeCo.Net) – Hedge fund adviser Highland Capital Management won a summary judgment against a group of investors seeking more than $215 million. The judgment, which was granted in a Texas court, dismissed all claims by the investors. The […]
Tisch Says Hedge Funds Envy Him Amid Withdrawal Concerns
Bloomberg – James Tisch, who invests in hedge funds to boost returns at Loews Corp. (L), said he avoids managers with the largest pools of money and sleeps better at night knowing he doesn’t face the same prospect of client […]
South Carolina to overhaul $5.5 billion hedge fund portfolio
Pensions & Investments – South Carolina Retirement System Investment Commission over the next nine months will restructure the $5.5 billion hedge fund portfolio it oversees for the $27.3 billion South Carolina Retirement Systems. Under a new asset allocation effective July 1, […]
Hedge fund Man Group’s shares tumble after flagship fund loss
Reuters – Man Group’s shares fell more than 11 percent on Wednesday after it said its flagship hedge fund AHL had suffered one of its biggest weekly losses, wiping out its profits so far this year. The $14.1 billion computer-driven […]
Hedge Funds in Japan Ride Small-Cap Rally on Abenomics Boost
Bloomberg – Japanese hedge funds investing in smaller companies are outperforming as trading in small-cap stocks more than doubled this year amid Prime Minister Shinzo Abe’s efforts to revive the world’s third-largest economy. Monterey Japan Equity Fund, which manages about $100 million, […]
After JPMorgan, Staley Sizes Up Banks for Hedge Funds
DealBook – As the head of JPMorgan Chase‘s investment bank, James E. Staley helped the company navigate the thicket of new regulations that emerged after the financial crisis. Now, he is betting that those regulations present an investment opportunity. Mr. Staley, […]
Attack of the Hedge Fund Clones
Bloomberg – In the investment world there are two kinds of people — those who want to beat the market, and those who want to be the market. Hedge fund managers are the former, while index fund managers are the latter. […]
Former trader offers sordid peek at world of hedge funds
Profit – Turney Duff, former stock trader, recovering cocaine user and first-time author, stepped out the front door of his new home, the ground floor of a modest split-level house in a sleepy Long Island neighborhood. “You want the grand […]
Sure, Go Ahead and Invest in Goldman Sachs’ Hedge Fund for Average Joes
TIME – Much attention has been paid lately to Goldman Sachs’ decision to “help” average folks (a.k.a. the 99% crowd) access the kind of high-stakes hedge funds once available only to the superrich (a.k.a. the 1%). And while all sorts of pundits and investor […]
RHJ Strategy and Pay Warrants Board Overhaul, Hedge Funds Say
Bloomberg – A group of hedge funds criticized RHJ International (RHJI) SA’s acquisition strategy as “erratic” and payments to managers as “egregious” as they repeated their call for a board overhaul and return of capital to investors. Several of the companies Brussels-based RHJ has […]