Hedge Crunch Financialhedge fund
Hedge Fund Demands Debt Payment from Peru
Emerging markets hedge fund Gramercy is turning to Peru to pay up on the debt they owe as a result of a failed attempt at economic and agrarian reform in the late 60s and early 70s of the twentieth century. The hedge fund purchased a series of bonds which were issued to landowners when their […]
Hedge Fund Attacked, Much Damage Prevented
Eamon Javers of CNBC reported last week about a un-precedented cyber-attack on a hedge fund which was thwarted by BAE Systems Applied Intelligence. The report stated that the attack was complex, disrupting the company’s trading strategy and sending information about its trading to offsite computers. The report does not mention the name of the company; […]
David Einhorn’s Greenlight Capital Sees 4.2% Growth in August
August saw promising growth for Greenlight Capital and hedge fund manager David Einhorn, who reported a 4.2% gain during the month as Coventry Health Care’s stock price jumped. According to two anonymous sources, Einhorn’s firm revealed a 10.9% increase in 2012 to its investors on Tuesday. As mentioned above, Greenlight Capital benefitted greatly from stock […]
Regulation and Oversight of the Global Hedge Fund Industry
Once again hedge fund investing has become headline news. It may surprise many to know this, but domestic hedge fund investing is highly regulated and global hedge funds are also subject to many rules and regulations protecting investors. Beginning as early as 1933 with Regulation D under the Securities Act which was ratified by Congress […]
Company Spotlight: MSD Energy Partners and Dell Inc.
MSD Energy Partners LP, Michael Dell’s NY-based hedge fund, is nearing $1 billion in capital. Last Thursday, it filed with the U.S. Securities and Exchange Commission, reporting a profit of $952.7 million, up from last year’s $779.8 million, from 73 investors. The hedge fund’s fortune was raised by MSD Capital, Dell’s capital management firm. Established […]
Julian Robertson Follower Coaxes 45% Out of Top Hedge Fund
After attending Williams College like his father and grandfather, descendants of Peter Stuyvesant, the last Dutch governor of New York, Charles Payson Coleman III, went to work for Julian Robertson at Tiger Management LLC. That year, 2000, Robertson, who was 79, closed his fund and handed over $25 million to Coleman to manage. Coleman was […]
Hedge Fund Buys 28% Stake in AgriNurture
Black River Capital Partners Fund, an independently managed subsidiary of the U.S.-based Cargill Inc. run by Black River Asset Management, recently acquired 28% equity stake in AgriNurture Inc. The stake includes 125,486,095 common shares, and is worth $30.45 million. As a subsidiary of Minnesota-based Cargill, Black River Capital’s deal has made the commodities giant the […]
GLG Partners’ Pierre Lagrange Focuses on Industrial and Energy Stocks
GLG Partners co-founder Pierre Lagrange explained that he prefers industrial and energy stocks as opposed to banks. He has now opened his European equities hedge fund to trade investors. In an interview on On the Move, Lagrange explained that the fund will “focus on industrials, exporting companies and oil companies.” Bullish bets will be made […]
Kick a Man While He’s Down?
TerribleTrouble for Trimble? Former hedge fund manager Mark S. Trimble who has already begun his decade-long stint in jail for money laundering may be facing additional charges. He was arrested for illegal commodities market trading after he had been barred in 2009 due to money laundering, moving finances from investor funds into his own […]
Xanthoudakis Takes Child’s Play Too Far?
Former Hedge Fund President Norshield Financial Group, John Xanthoudakis is the fourth person to have been arrested for allegedly masterminding a C$120 million fraud. The scam involves the ex-TV production company for children, Cinar. While he may have been successful until now, it seems Xanthoudakis played a little bit too much like a child in […]