Monthly Archives: June 2012
The evolution of the hedge fund industry
New York (HedgeCo.net) – The hedge fund industry has undergone significant change since the beginning of the financial crisis, resulting in the need to grow operational infrastructure and increase transparency, says a report by KPMG, and the Alternative Investment Management Association (AIMA). […]
The Dow Jones Credit Suisse Hedge Fund Index Finished Down 1.33% in May
New York (HedgeCo.net) – The Dow Jones Credit Suisse Hedge Fund Index (the “Broad Index”) finished down 1.33% for the month of May. Index May-12 Apr-12 2012 YTD Broad Index -1.33% -0.04% 2.61% Convertible Arbitrage -0.84% -0.23% 3.74% Dedicated Short […]
Jury convicts ex-Silicon Valley hedge fund manager of fraud
Mercury News – A former Silicon Valley hedge fund manager was convicted Wednesday of defrauding local investors out of millions of dollars by luring them with bogus promises of backing from prominent law firms and auditors. After a few hours […]
Hedge funds struggle with European politics
Reuters – Euro zone turmoil has turned Europe’s hedge fund managers into shadows of their former selves: haunted by ghosts of failed bets and as deeply divided on the fate of the indebted union as the leaders responsible for keeping […]
Falcone’s Harbinger hedge fund turns to Dell’s MSD for financing
Pensions & Investments – Philip Falcone’s hedge fund, having taken out a loan earlier this year at an effective annual interest rate of 24%, has found a new source of financing: the money management arm of billionaire Michael Dell. Harbinger […]
Investors withdrew $9.3 bln from European hedge funds
Reuters – Investors cut their exposure to hedge funds that invest in and are located in Europe during May as the euro zone financial crisis wrought havoc on global markets, data showed on Wednesday. Investors last month withdrew about $9.3 […]
UCITS Hedge Fund Index Flat In June
New York (HedgeCo.net) – The UCITS hedge fund alternative Index Blue Chip is flat this week with a performance of 0.0%. So far this month the UAI Blue Chip is down -0.01%, while it is up 2.05% on year to […]
Hedge Fund People: Pyxis Capital Names J. Bradley Ross As President
New York (HedgeCo.net) – Hedge fund advisor Pyxis Capital has named J. Bradley Ross as President. Ross was most recently Executive Vice President and National Sales Director of Ivy Funds, which he joined in its infancy in 2003 and grew to $55 billion in […]
Big investors eye loading up on hedge funds: survey
Reuters – Pension funds, endowments and charities may soon heap more hedge funds into their portfolios. Nearly one third of institutional investors said they have too much cash on hand and not enough money invested in hedge funds, according to […]
Hedge Funds Hurt in May Commodity Rout
BusinessWeek – For the third straight year, May proved a disaster for hedge funds that specialize in commodities as raw materials from copper to oil fell into bear markets. Funds tracked by the Newedge Commodity Trading Index lost an average […]
Hedge fund TCI lambasts unpopular CoCos
Reuters – A high-profile London hedge fund criticised CoCos as “expensive and uneconomic”, underlining the wariness of mainstream investors about the fledgling securities once hailed as a new recapitalisation lifeline for ailing banks. The Children’s Investment Fund said in a […]
Hedge Funds Bet on Big Bunds Sell-Off
CNBC – Leading hedge fund managers are betting on a significant sell-off in German government bonds in the coming months after a sharp fall in yields on the debt paper driven by a flight to safety in the eurozone. More […]