Hedge Crunch FinancialHedge Fund News
Citigroup’s Guide for Start-Up Hedge Funds
Despite ups and downs in the market as the global financial situation wavers, Wall Street is still supporting hedge fund pioneers. Citigroup recently publicized a 31-page guide for hedge fund start-ups, which lists five key points in getting a fund up and running. “The Citi Prime Finance Hedge Fund Start-Up Guide is being published at [...]
Hedge Funds Fall 1% As EU Crisis Continues to Spread
Concerns of an impending widespread debt crisis have resulted in global stock market slumps and a 1% drop in hedge funds this week. The Bloomberg Aggregate Hedge Fund Index fell from 117.22 in October to 116.03, dragging this year’s losses down to 3.8%. Funds that bet on economic trends fell as well. “Volatility has been [...]
Citigroup Invests $800 Million of Shareholders’ Money
Citigroup, one of the largest lenders in the U.S., recently invested $800 million of shareholders’ money in its private equity and hedge funds. The bank invested the money in Citi-advised” funds, and sold $1.1 billion in separate hedge fund and private equity assets as well. Regulators are now drafting the ‘Volcker Rule’, which works to [...]
Hedge Funds Record Best Gain Since April
As global stocks rally in the face of improved earnings, hedge funds have recorded a 1.4% gain- the best since April. According to Emma Sugarman of BNP Paribas SA, “There was a broad rally in the market, which led to positive performance. She added that “De-risking in September and raising cash levels meant a lot [...]
Kris Humphries Victim of Alleged Hedge Fund Scam
Kim Kardashian’s soon-to-be-ex-husband Kris Humphries was recently the victim of a hedge fund scam. The NBA player reportedly invested hundreds of thousands of dollars with Audrey C. Hicks, a guest at the Kardashian-Humphries wedding this summer. At the time, Hicks was known as a Boston-area asset manager. Hicks has been accused of falsely representing both [...]
Hedge Fund Managers Take On the Boxing Ring for Charity
Much to investors’ delight, hedge fund managers spent the night hitting each other in a boxing ring last week, at the fifth annual hedge fund “Fight Night” in Hong Kong. Every year, twelve contenders don boxing gloves for the first time in their lives, to raise money for charity. Men and women alike began their [...]
Stonehenge Capital Announces Successful New Strategy
Stonehenge Capital Management, the asset management firm, recently announced the success of its new direction-neutral hedge fund strategy, Forward Curve Realignment, only one month after it was launched. The Forward Curve According to SCM Manager Steven Michael, FCR returned 0.3% in its first month, in spite of today’s inconsistent market conditions. The strategy focuses on [...]
Royal Couple Raises 675,000 Pounds for the Child Bereavement Charity
The royal couple Prince William and Kate Middleton pooled their efforts and collected 675,000 pounds for the Child Bereavement Charity after hosting an impressive dinner in London. According to the Daily Star, guests were invited to the 100 Women in Hedge Funds gala at St. James’ Palace. A guest said “What you are both doing [...]
Eurekahedge Launches New Directories
Eurekahedge, data provider on the industry, has plans to launch new asset weighted directories called “Mizuho-Eurekahedge Index.” Alexander Mearns, CEO of Eurekahedge, explained: “With the current volatility in the markets there is increased demand for more manageable and predictable return streams. The Japanese pension fund industry is currently reported to have almost $100 billion invested [...]
Regal Funds Management Named Australia’s Best Hedge Fund of the Year
Regal Funds Management Pty Ltd is an Australian hedge fund manager with $1.03 billion in assets. The firm recently established a natural resource fund, which it projects will attract up to A$200 million from investors as a result of rising commodity costs and inflation. Earlier this week, Regal Funds was named Australia’s hedge fund of [...]