News Hedge Fund


Paulson's Hedge Fund Sells Citi, BofA Shares

Bloomberg - Saijel Kishan - ‎7 hours ago‎
John Paulson, the billionaire whose biggest hedge fund has lost 31 percent this year, cut his stake in Bank of America Corp.

Thiel's Clarium Hedge Fund to Make Tech Investments After Losses

San Francisco Chronicle - ‎9 hours ago‎
15 (Bloomberg) -- Peter Thiel, whose Clarium Capital Management LLC lost 90 percent of assets from its peak until the end of last year, plans to invest the global macrohedge fund in what made him a billionaire: private technology ventures.

Skowron, Lockhart, Liquor Tax, Credit Suisse, Viagra Patent: Compliance

Bloomberg - Michael Bathon - ‎1 hour ago‎
Ex-FrontPoint Partners LLC hedge fund manager Joseph F. “Chip” Skowron pleaded guilty in a US insider-trading case. Skowron, a medical doctor, pleaded guilty yesterday to one count of conspiring to ...

State Street Holding Raised by Peltz's Trian Hedge Fund to 1.2%

Bloomberg - Miles Weiss - ‎6 hours ago‎
Trian Fund Management LP, the hedge fund run by billionaire Nelson Peltz, raised its stake in State Street Corp. (STT) to 1.2 percent last quarter from 0.5 percent of common shares outstanding three months ...
STT - CNX - CLGX

Environmentalist Hedge Fund Buys BP

TheStreet.com - Robert Holmes - ‎12 hours ago‎
BOSTON (TheStreet) -- Thomas Steyer, the billionaire environmentalist and founder of hedge fund Farallon Capital Management, initiated a stake in BP(BP), the oil company responsible for the April 2010 spill in ...

Hedge Funds Weather August Market Rout

CNBC.com - Jesse Bergman - ‎9 hours ago‎
“Many [funds] were trimming risk, maintaining higher levels of cash, and positioning themselves for more market turbulence,” Brian Peterson, head of Credit Suisse'shedge fund index group, told CNBC in a phone interview. Peterson says many fund ...

Tocqueville Hedge Fund Has Gold Fever

TheStreet.com - Frank Byrt - ‎11 hours ago‎
BOSTON (TheStreet) -- Tocqueville Asset Management, a contrarian hedge-fund firm with $9.4 billion in assets, is top heavy with gold- and silver-company stocks as they make up seven of its 10 biggest holdings.

Soros Fund Cut Stakes In Citi, Wells Fargo, Monsanto

Wall Street Journal (blog) - Brett Philbin - ‎7 hours ago‎
AP Billionaire investor George Soros's hedge fund reported lower stakes in big banks Citigroup and Wells Fargo, and slashed its ownership in Monsanto, a former top holding, according to a regulatory filing late Monday.

Lansdowne Buys Bank of America Stake, Cuts JPMorgan Holding

Bloomberg - Jesse Westbrook - ‎13 hours ago‎
The hedge fund reduced its JPMorgan holding by 6.8 million shares to 7.1 million shares. Bank of America, the biggest lender in the US, has slumped 46 percent this year as investors question whether rising costs from failing mortgages will force the ...
MS - LYG - JPM

SAC's Steve Cohen: Gold Bug?

Wall Street Journal (blog) - Shira Ovide - ‎8 hours ago‎
AP Photo/Jenny Boyle, Peppe Communications SAC Capital Advisors LP, the hedge fund run by Steven Cohen, disclosed a new position in options on the gold exchange-traded fund, SPDR Gold Trust. The investment, options that allow SAC Capital ...

Q&A: Arrow Funds CEO Discusses Benefits, Challenges Of Hedge-Like Mutual Funds

FINalternatives - ‎14 hours ago‎
All three had been employed at Rydex Investments where they were instrumental in helping that company move into alternative fund strategies. FINalternatives recently spoke with Barrato about the challenges—and benefits—of offering hedge fund ...

Hedge funds banned for flagrant deception

Telegraph.co.uk - Louise Armitstead - ‎38 minutes ago‎
Two London-based hedge fund managers have been fined and banned from the City for deceiving investors in a case described by a tribunal as "worse than any other" it had seen.

Hedge Fund Startup Series #2: Hedge Fund “Cow Paths”

Business Insider - ‎Aug 14, 2011‎
This is the second installment of our Hedge Fund Startup video series. The series was created to help traders establish, manage, and grow successful hedge fund businesses. Be sure to check out the first video: Creating Your Business Plan In this ...

Wells Fargo hires Citadel investment bankers

Chicago Tribune - ‎10 hours ago‎
Wells Fargo & Co. said Monday that it has hired 25 investment bankers and administrative staff from Citadel after the hedge fund abandoned plans to build out its investment banking unit. Wells said the group included Brian Maier, who had headed ...

Hedge Fund Greenlight Capital Reports Q2 Portfolio

GuruFocus.com - ‎6 hours ago‎
Renowned hedge fund manager David Einhorn reported his second quarter portfolio. Einhorn made many trades during the second quarter.
MSFT - IM - STX

Meet The Ex-Hedge Fund Manager Who's Hoarding Tons of 212 Phone Numbers

Business Insider - ‎9 hours ago‎
Former hedge fund manager, Dennis Mykytyn, is holding on to one investment he made since closing his hedge fund: a stash of 212 area codes.

Seth Klarman's Baupost Buys Microsoft, BP

TheStreet.com - Robert Holmes - ‎16 hours ago‎
Klarman, who manages more than $20 billion and prefers to stay out of the media spotlight, is unlike other hedge fund managers who have made risky picks and lost money this year.

Activist Hedge Fund Buys Google, Sells Gold

TheStreet.com - Robert Holmes - ‎14 hours ago‎
BOSTON (TheStreet) -- Barry Rosenstein, founder of New York-based hedge fund Jana Partners, is best known for his activist role in investing.

HedgeMark Adds Two Managing Directors

FINalternatives - ‎10 hours ago‎
Hedge fund platform and risk management firm HedgeMark International is beefing up its top ranks with two managing directors.

Thinking About Taxes

The Atlantic - Megan McArdle - ‎9 hours ago‎
I'm in the process of possibly changing my mind about the carried interest rules, which allow hedge fund managers to pay taxes on their management fees at the 15% capital gains rate.