Monthly Archives: June 2011
New Investment Strategy: Preparing for End Times
Investment professionals have a new pitch: The sky could soon be falling. While Greece took a step back from the brink on Wednesday, the possibility of a default remains a fear. Europe’s debt crisis, as well as natural disasters and […]
Funds Slam WaMu Trading Investigation
WSJ: Washington Mutual equity investors have an “ample basis” to push ahead with allegations that major hedge funds engaged in improper trading during one of the largest bankruptcies in U.S. history, an attorney for WaMu shareholders said Wednesday. Appaloosa Management, […]
Hedge Funds Max Out on China Short Plays
WSJ Blog: Shorting U.S.-listed Chinese companies is so yesterday. That’s the opinion of some hedge fund managers who’ve made money and are struggling to place fresh bets. Chinese firms listed in the U.S. have made headlines in recent months amid […]
NY Teachers fund puts hedge funds on hold
HFMWeek: The $42.3bn Teachers’ Retirement System of New York has shelved plans to invest in the hedge fund space, HFMWeek has learned. The investment board, which has been discussing potential changes to the retirement system’s asset mix, had previously been […]
Brevan Howard Bets Against Euro as Greece Comes to Pivot Point
Wall Street Journal: Brevan Howard Asset Management LLP, one of Europe’s biggest hedge funds, is betting against the euro as Greece’s debt crisis nears a boiling point. The London-based firm, which manages over $32 billion in assets, recently purchased put […]
SEC recovers millions in hedge fund Ponzi case
WASHINGTON (Reuters) -U.S. securities regulators said they have recovered $229.4 million from an offshore fund held by a Connecticut-based hedge fund whose manager pleaded guilty this year to running a Ponzi scheme. The Securities and Exchange Commission said in a […]
Judge approves Dodgers’ hedge fund loan
MBL.com: LOS ANGELES — A bankruptcy judge on Tuesday granted interim approval of $150 million of hedge fund financing arranged by Dodgers owner Frank McCourt so the team can cover this week’s player payroll and all financial obligations through the […]
Hedge Fund Rules Will Protect Investors, Moody’s Says
DealBook – A reckoning for hedge funds could provide some long-awaited protections to investors, according to a new report by Moody’s. The Securities and Exchange Commission adopted a plan last week to require large hedge funds, private equity shops and the like to […]
China family swoops on RAB funds
FT London – One of China’s wealthiest families has swooped to acquire funds from the wreckage of London based RAB Capital in a move that will create one of the biggest new hedge fund startups this year. The deal will catapult one […]
Hedge Funds Seek a Slice of Japan’s $740 Billion Pension Funds After Quake
Bloomberg – Global hedge funds are vying for allocations from Japan’s corporate pension fund managers, who oversee about $740 billion and are seeking alternatives to stocks following the March earthquake. Prosperity Capital Management, the largest manager of Russia-focused funds with about […]
(Update) New York Hedge Fund Launch: The Long/Short Stanphyl Fund
New York (HedgeCo.net) – New York-based limited liability company Stanphyl Capital GP, LLC (Stanphyl) has launched a long/short equity hedge fund. The new hedge fund, Stanphyl Capital Partners, LP., launched earlier this month out of NYC. Managing member Mark Spiegel […]
Hedge Fund ‘Start-Up Kit’ Launch
SKCG Group, the risk management and insurance advisor to some of the world’s largest hedge funds, has designed a program for hedge funds that includes a ‘Start-Up Kit’ for emerging managers. The program grows in sophistication as the fund’s assets […]