Iris Mack's Blog - Hedge Funds

Disgraced Ex-MF Global CEO Jon Corzine Wants to Start A Hedge Fund

Fri, 17 Aug 2012 03:42:00 --0100

Corzine, the former CEO of now-bankrupt MF Global, the company that lost hundred of million of dollars in customers funds, is mulling starting a hedge fund, The New York Times reports, citing ?people with knowledge of his plans.?

Supercapitalist (movie trailer)

Fri, 10 Aug 2012 22:47:00 --0100

Everything is moving to Asia - even Wall Street movies. LOL!

Wall Street Journal: Investors Pull Cash From Hedge Funds

Fri, 20 Jan 2012 12:05:00 --0100

Hedge-fund investors yanked more money from the industry than they added during the final months of 2011, data released Thursday showed. The $2 trillion hedge-fund industry saw net investor withdrawals of about $127 million in the fourth quarter, according to data by Hedge Fund Research Inc. It was the first time investors had collectively pulled out more money than they put in since the second quarter of 2009, when the markets were still digging out of the worst of the financial crisis. Please read more here.

Bloomberg: How Former Treasury Secretary Paulson Gave Hedge Funds Advance Word

Tue, 29 Nov 2011 22:58:00 --0100

On the morning of July 21, 2008 before a Eton Park hedge fund meeting, Paulson had spoken to New York Times reporters and editors, according to his Treasury Department schedule. A Times article the next day said the Federal Reserve and the Office of the Comptroller of the Currency were inspecting Fannie and Freddie?s books and cited Paulson as saying he expected their examination would give a signal of confidence to the markets. At the Eton Park meeting, he sent a different message, according to a fund manager who attended. Over sandwiches and pasta salad, he delivered that information to a group of men capable of profiting from any disclosure. Please read more here.

Bloomberg: "Black Swan" Hedge Funds Said to Soar Amid Europe Crisis

Thu, 15 Sep 2011 23:50:00 --0100

Hedge funds created to protect investors against market shocks in the wake of the biggest recession in seven decades are soaring as Europe?s intensifying debt crisis infects markets globally. Please read more here.

Wall Street Journal: Hedge Funds Mount Counterattack Against Swiss National Bank Due to CHF Ceiling

Fri, 09 Sep 2011 15:19:00 --0100

Hedge funds are considering ways to mount a counterattack against the Swiss National Bank, whose attempt to wrest control of the surging franc caught investors off-guard. Please read more here.

Reuters: Model-Driven Hedge Funds Among Losers in Swiss National Bank Shock

Wed, 07 Sep 2011 16:42:00 --0100

Hedge funds, betting on global markets 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 with an exchange rate cap, saying it would no longer tolerate a rate below 1.20 francs per euro and would defend the target by buying other currencies in unlimited quantities. Please read more here.

Bloomberg: Asian Hedge Funds Outperform Global Peers in August

Wed, 07 Sep 2011 16:29:00 --0100

Asian hedge funds beat global peers in August as Europe?s deepening sovereign debt crisis and Standard & Poor?s cut to the U.S. credit rating sparked the worst month for the industry in almost three years. About 80 Asia-focused hedge funds reported an average 2 percent decline and median loss of 1.5 percent last month, according to data from Credit Suisse Group AG?s prime brokerage unit. Hedge funds worldwide lost on average 3.5 percent, the worst month since October 2008, according to Hedge Fund Research Inc.?s HFRX Global Hedge Fund Index. Please read more here.

CNBC: Hedge Fund Replication ETF Outperforms Real Thing?

Fri, 02 Sep 2011 17:19:00 --0100

A hedge fund replication exchange-traded fund, designed to mimic the performance and exposure of the hedge fund industry, was one of the more resilient investments in August, outperforming broader markets-including hedge funds.

Forbes: Hedge Fund Manager David Simon Says Wife Stole His Trade Secrets

Thu, 01 Sep 2011 16:38:00 --0100

David Simon, a well-known New York risk arbitrager, directed his $100 million hedge fund firm, Twin Capital Management, to sue his wife and her divorce lawyers, claiming they hacked into Simon?s computer to get their hands on the hedge fund?s highly-secret financial records and trade secrets. Please read more here.

Richard Keane: Wall Street Flash Crash, Russian Spies, Naked Short Selling... (video)

Thu, 18 Aug 2011 20:45:00 --0100

One of my blog readers - Richard Keane - emailed this fascinating video to me.

Bloomberg: George Soros to End Hedge Fund Career

Tue, 26 Jul 2011 16:07:00 --0100

George Soros, the billionaire best known for breaking the Bank of England, is returning money to outside investors in his $25.5 billion firm, ending a career as hedge-fund manager that spanned more than four decades.

New York Times: Hedge Fund Manager Daniel Loeb Takes Swipe at President Obama

Mon, 25 Jul 2011 15:12:00 --0100

While hedge fund manager Daniel Loeb concluded last year by saying he would no longer be writing Third Point?s quarterly investor letters, his apparent dissatisfaction with President Obama has roused him to once again pick up his pen for another blunt and acerbic piece. Please read more here.

Hedge Fund Manager Steve Cohen Under S.E.C. Scrutiny (video)

Thu, 19 May 2011 01:07:00 --0100

Looks like the S.E.C. is finally trying to do the job it is being paid for after its Madoff fiasco!

How Will Galleon Founder's Insider Trading Conviction Affect Hedge Funds? (video)

Fri, 13 May 2011 12:01:00 --0100

From easy money to hard prison time!