Monthly Archives: June 2013
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, […]
SunTx Capital Partners Launches New Hedge Fund
New York (HedgeCo.Net) – The founding partners of SunTx Capital Partners, in collaboration with veteran senior portfolio manager Ron Dodson, have launched the Dallas based IXTHYS Capital Management, LLC (“IXTHYS”), a new hedge fund investment manager. Ron Dodson, a derivative […]
Gibraltar Campaigns To Attract Hedge Funds
New York (HedgeCo.Net) – Gibraltar has launched a campaign to bring London hedge funds to “the Rock,” the Guardian reports. Gibraltar Chief Minister Fabian Picardo has made attracting hedge funds one of the main goals of his administration, last week […]
Hedge Fund Fight Puts Women, Bankers in H.K. Boxing Ring
Bloomberg – I won my first boxing match and I’m hooked. It’s going to be days before I come down from this high. The rush of stepping out in front of 550 screaming friends, colleagues and work contacts, entering a […]
Hedge Fund People Moves: Guarino and Pingili Join Cordium
New York (HedgeCo.Net) – A global hedge fund compliance consultant has added two new members to it’s team. Cordium, the new new name for HedgeOp Compliance and The IMS Group, has hired Peter Guarino as Vice President at Cordium’s Boston office. Vivek […]
Will Smith and The Pursuit of Hedge Fund Happiness
WSJ – Who is activist investor Dan Loeb’s favorite action star? Probably not Will Smith, whose latest movie, After Earth, earned just $27 million at the box office in its opening weekend. That’s a disappointing showing for the Sony Pictures Entertainment offering. […]
Should Doctors Be Paid Like Hedge Fund Managers?
Forbes – Reinhardt argues that the best standard for judging the level of doctors’s pay is the pay available in other U.S. occupations that compete for the same talent pool, and he suggests a comparison to financial market professionals: “The […]
Hedge Funds Boost Gold Bull Bets Most in Two Months: Commodities
Bloomberg – Hedge funds raised bets on a gold rally by the most in two months as the U.S. economy expanded less than previously estimated, boosting speculation the Federal Reserve will maintain the pace of stimulus. Speculators raised their net-long […]
New tax exemption seen drawing hedge funds to Hong Kong
Money – More hedge funds and private equity firms will set up in the city because of a government reform plan and the internationalisation of the yuan, industry representatives say. Philip Tye, chairman of the Hong Kong branch of the […]
Hedge funds approve Nine cricket counter bid: report
Business Spectator – Nine Entertainment Co’s hedge fund owners and board are backing chief executive David Gyngell’s push to match rival Ten Network Holdings’ surprise $550?million bid to wrest cricket broadcasting rights from Nine, according to The Australian Financial Review. Nine has held the rights […]
Hedge fund’s wild side: The man who lost $8 billion
Salon – In the summer of 2005, hotshot Amaranth Advisors LLC trader Brian Hunter spied a bargain. Natural gas supplies nationally were plentiful, gas production was unusually high, and by midsummer storage facilities were brimming with the stuff. Prices were […]
Investors flee SAC Capital
CNN – As SAC Capital fights to fend off an insider trading investigation, investors are running away from the hedge fund. Both SAC and its founder Steven A. Cohen have been at the epicenter of a federal investigation into insider […]