Category Archives: Uncategorized
Daniel Loeb’s Third Point Starts Reinsurance Company With $500 Million
Bloomberg – Daniel Loeb, the founder of Third Point LLC, started a reinsurance company that can invest in his $8 billion hedge fund, joining rival David Einhorn in seeking more permanent capital. Third Point Re, which is based in Bermuda, hired John […]
Model-driven hedge funds among losers in SNB shock
Reuters – Hedge funds, betting on globa lmarkets and driven by computer models, were among those hardest hit by Switzerland’s shock intervention on Tuesday to reverse profitable bets on the Swiss franc’s “safe-haven” status. The Swiss National Bank surprised investors […]
Pennsylvania Man Pleads Guilty to Role in $17.6 Million Investment Fraud
Bloomberg – A Pennsylvania man admitted to his role in a $17.6 million Ponzi scheme that defrauded more than 260 investors. Robert Stinson Jr., 56, of Berwyn, pleaded guilty in federal court in Philadelphia today to 26 charges, including wire fraud, mail […]
Do the Fed, computer trading, and a few hedge funds rule the market?
Slate – After the madness of last week and the rollercoaster at the beginning of this week, the stock market recovered from its Aug. 10 rout to bounce 423 points on Aug. 11. It was the fourth day in a row […]
Take It To The Limit
New Yorker – There is the current crop of Ohio Republicans, and then there are those who art in Heaven. A specimen of the former, ultimate destination unknown, is Speaker of the House John Boehner, a perpetrator (and, arguably, a […]
Altegris Advisors Launches Non Passive Index Hedge Fund
New York (HedgeCo.net)- Altegris Advisors has launched the Altegris Macro Strategy Fund. The Hedge Fund offer access for individual and professional investors to participate in the global macro approach to investing through an actively managed mutual fund. “Of all the […]
SEC Probes Fletcher Asset Hedge Fund, Wall Street Journal Says
Bloomberg – The U.S. Securities and Exchange Commission opened a probe into New York hedge fund Fletcher Asset Management as three Louisiana pension systems raised questions about its liquidity, the Wall Street Journal reported, citing a person familiar with the matter. The […]
Texas County to add $1bn to hedge fund portfolio
HFMWeek – The $18.2bn Texas County & District Retirement System (TCDRS) invested an additional $1bn into hedge fund strategies in March, HFMWeek has learned. The move follows a decision made by the retirement system to increase its absolute return target […]
Fed Survey Finds More-Favorable Credit Terms For Hedge Funds
Dow Jones – Big-money investors such as hedge funds received more-favorable credit terms during the spring, a U.S. Federal Reserve survey said Monday. The quarterly Senior Credit Officer Opinion survey focuses on wholesale credit markets, and the findings of the latest […]
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 […]
Google Probe, Hedge Funds Register, Rothesay Typo, Lee Farkas: Compliance
Bloomberg – New York and California are in the early stages of an antitrust investigation of Google Inc. (GOOG), along with Texas and Ohio, said a person with knowledge of the matter who didn’t want to be identified because the probe isn’t […]
Gov’t: Evidence overwhelming in NY hedge fund case
AP – Federal prosecutors told a jury on Wednesday that exhaustive wiretap evidence proves a Wall Street heavyweight routinely used a cadre of “corporate spies” to get rich off inside trades, while the defense insisted he was merely one of […]