Author Archives: the HedgeCo News Team
AQR Hedge Fund Fell Almost 15% Through Mid-February
Bloomberg- AQR Capital Management LLC’s largest hedge fund fell almost 15 percent this year through Feb. 15 as market swings tripped up computer models the managers use to make trades, two people with knowledge of the matter said. The assets […]
Two California Men Sentenced for Hedge Fund Fraud
West Palm Beach (HedgeCo.Net) – Two men involved in a hedge fund scam that defrauded investors out of $6 million were sentenced yesterday in Los Angeles. Keith Gilabert, 33, of Valencia, CA, will serve the maximum five year prison sentence […]
Using Multiple Prime Brokers – Bad for Economy?
West Palm Beach (HedgeCo.Net) – The Government Accountability Office has said that using multiple Prime Brokers could pose risks to the economy. Currently, most large hedge funds do employ multiple prime brokers to assists in things like trading, lending, as […]
Citigroup provides $500 mln credit to hedge funds
Reuters- Citigroup Inc said it has provided a $500 million line of credit to support some fixed-income hedge funds, and as a result moved the funds’ $10 billion of assets and liabilities onto its balance sheet. The Falcon funds are […]
Hedge fund investors fight back
Cayman Net News- According to a report in the Financial Times (FT), investors in two failed Cayman-registered hedge funds began legal action here on Tuesday in an attempt to seize control of the funds, which they hope to use as […]
Hedge Funds Feel New Heat
Wall Street Journal- The past decade has been the era of the hedge fund, as investors snapped them up for their track record of beating the market with often highly complex trades. But now, as the credit crunch upends financial […]
UBS to pour $1 billion into Chinese property
HONG KONG (Reuters) – UBS plans to launch a fund that will pour about $1 billion (500 million pounds) into Chinese property, a further sign of enthusiasm for Asia at a time when investors are nervous about ailing European and […]
UAE and Qatar Hedge Fund Boom
West Palm Beach (HedgeCo.Net)- According to research conducted by banking group Mirabaud, the Middle East is set to become increasingly active in the global hedge fund industry, with the UAE and Qatar playing potentially dominant roles in the region, the […]
New York Hedge Fund Spends $27 Million On Alvarion
West Palm Beach (HedgeCo.Net)- After buying a $27 million stake in Alvarion, New York-based hedge fund Renaissance Technologies Corporation has become a party at interest with 5.76% of the company. With a market cap of $480 million, Israeli company Alvarion […]
Citigroup Gives $500 million Push to Hedge Fund
West Palm Beach (HedgeCo.Net) – Only one month after Citigroup halted investor redemptions on their CSO hedge fund, they are jolting their Falcon Strategies funds with $500 million. As a result, the $10 billion in assets that the funds oversee […]
Soft commodities seen outperforming other assets
LONDON (Reuters) – Soft commodities will likely outperform other commodity asset classes over the next five years, in large part due to their ties to energy, a senior sugar trader said on Tuesday. Jonathan Boyden, head of sugar trading at […]
AQR’s Biggest Hedge Fund Fell Almost 15% Through Mid-February
Bloomberg- AQR Capital Management LLC’s largest hedge fund fell almost 15 percent this year through Feb. 15 as market swings tripped up computer models the managers use to make trades, two people with knowledge of the matter said. The assets […]