Monthly Archives: June 2012
Qantas chief Alan Joyce blames hedge funds for share collapse
The Telegraph – Speaking on the sidelines of the International Air Transport Association’s annual general meeting in Beijing on Monday, Alan Joyce said: “It was a surprise because we didn’t expect certainly hedge funds to come in and to play […]
Goldman nears hedge fund admin unit sale – source
Reuters – Goldman Sachs is close to signing a deal to sell its hedge fund administration business to U.S. bank State Street Corp, a source familiar with the situation said, the latest deal in a sector enjoying growing demand for its […]
Probe of Chinese stocks menacing
TribLive – Two American hedge funds, Absaroka Capital Management LLC and EOS Holdings LLC, reported their researchers in China were arrested and/or threatened with death by thugs, police or both. The status of the Absaroka researchers is uncertain; three EOS […]
Republican Donor To Fund Pro-Gay Super PAC
Slate – Hedge fund billionaire Paul Singer is one of the country’s most important Republican donors. The 67-year-old is also a big supporter of gay rights, giving more than $10 million of his own money to equal rights causes across […]
Facebook flotation may have cost UBS $350m
Guardian – The Swiss investment bank UBS may have lost as much as $350m (£226m) during Facebook’s flawed flotation last month, according to reports. In a statement the bank acknowledged making losses on the initial public offering (IPO) but declined to specify […]
Hedge Fund High Water Women Backpack Drive
New York (HedgeCo.net) – High Water Women, a charitable organization founded in 2005 by senior women in the Hedge Fund Industry already has requests for more than 7000 backpacks this year. The program provides children living in poverty with new backpacks and supplies […]
Hedge Fund Launch: Value Partners Absolute Greater China Classic Fund
New York (HedgeCo.net) – Hedge fund Manager Value Partners Group Limited announced that it has launched its first self-branded UCITS-compliant fund — Value Partners Absolute Greater China Classic Fund. The new fund will be headed by co-CIOs Cheah Cheng-hye and […]
Former SEC Official Joins Hedge Fund Law Firm
New York (HedgeCo.net) – Former SEC Official J Matthew B. Comstock has joined hedge fund law firm Murphy & McGonigle, P.C. as a partner in its Washington, D.C. office. Comstock brings to the firm experience advising clients with respect to securities trading practices, broker-dealer financial […]
SEC names two deputies to help lead hedge fund enforcement unit
Ct Post – The U.S. Securities and Exchange Commission’s asset management unit has named two new deputies to help manage investigations into possible misconduct at hedge funds and private equity firms. Julie Riewe and Marshall Sprung, who have both worked in the 75-person […]
Lewis: Hedge-fund manager purchases princely property
The Denver Post – John Paulson, the hedge-fund manager who scored billions betting against subprime mortgages in 2008, has just purchased the biggest house in the neighborhood. For $49 million, he gets the palatial Aspen home of Saudi Prince Bandar bin […]
Is hedge fund investing making a comeback?
Investment Europe – Appetite for hedge funds may be returning after years of being the black sheep of the asset management industry, says Momentum Global Investment Management. After the collapse of Lehman Brothers, and since 2008, the industry has endured […]
Ackman, Loeb, other hedge funds lose in May
Reuters – May’s stock market rout dealt a blow to many on Wall Street including several big hedge fund stars whose bets on prominent U.S. companies looked badly timed. Even William Ackman and Daniel Loeb, two of the $2 trillion […]