Monthly Archives: June 2011
Asian hedge funds hit hard in May
Reuters – Asian hedge funds may have lost up to two-thirds of their year-to-date gains in May alone, with strategies such as macro and CTA, which bet on long-running market trends, hit hardest, said Matt Pecot, head of Credit Suisse’s […]
Cohen’s SAC said to receive $250 million in net deposits in 2011
Stamford Advocate – Investors have put $250 million into the main hedge fund of Steve Cohen’s SAC Capital Management LLC this year, even as prosecutors investigate accounts tied to two former portfolio managers who pleaded guilty to insider trading, according to two people […]
UCITS Hedge Fund Index – June 2011
New York (HedgeCo.net) – The UCITS Alternative Blue Chip Index is up 0.37% this week, thanks to a good overall performance of Long/Short Equity and Macro funds. Emerging Markets and CTA funds regain some ground after negative performances last two […]
Asia Rising Attracts Hedge Funds From Algebris to Soros Betting on Revival
Bloomberg – When a magnitude-9 earthquake struck Japan on March 11, Ivan Vatchkov, who moved to Singapore from London last year to run the Asian assets of Algebris Investments LLP, adjusted the hedge fund’s bets within minutes. “There have been a number […]
Jiau Jury to Hear Opening Statements in Expert Networker’s Trial
BusinessWeek – Prosecutors and lawyers for Winifred Jiau, an ex-Primary Global Research LLC consultant accused of passing nonpublic information to hedge fund managers, will present their opening arguments to jurors today, a judge said. Jiau is charged in a five-count […]
Relativity Media to Spin Off Universal Film Fund to Elliott
Bloomberg – Relativity Media LLC agreed to spin off the film-finance fund it set up for Universal Pictures and hand the operation over to Elliott Management Corp. Elliott, the New York-based hedge fund, in turn agreed to invest additional capital in […]
HK court to rule on Tiger hedge fund trading ban within 2 weeks
Reuters – Hong Kong’s high court said on Thursday it will rule within two weeks whether the market regulator is allowed to ban New York-based hedge fund Tiger Asia from trading in the territory and freeze money it says are […]
Citigroup Said to Shut $400 Million Proprietary Fund
Bloomberg – Citigroup Inc., the third-biggest U.S. bank, shut a $400 million hedge fund that used the firm’s money and mathematical models to bet on stocks, according to a person familiar with the matter. The company closed the Quantitative Strategies […]
Hedge Fund Performance for April, Asset Flows Through March
New York (HedgeCo.net) – The economic recovery continued to gain momentum through April, allowing all Morningstar hedge fund categories to post positive numbers for the month, according to Mallory Horejs, alternative investment analyst for Morningstar. “Trend-following strategies in particular profited from the […]
Hedge funds sell faltering US banks
MoneyControl – The recovery of Citigroup and Bank of America provided famed hedge fund managers like Lee Ainslie and Jeff Altman some of their biggest gains last year, but now the smart money is getting out while the getting is […]