Female investors more interested in alternative assets than men... [more]From Campdenfb.com: U.S. women are showing a greater interest in alternative investments than men, according to new research, challenging traditional stereotypes that female investors are risk averse. According to research by US investment firm MainStay Investments, 60% of women surveyed expect alte
Ex-UBS prop trader's hedge fund Manikay Partners eyes UK launch... [more]From eFinancialnews.com: Manikay Partners, a $1.7 billion US multi-strategy hedge fund set up in 2008 by a proprietary trader from UBS with backing from Goldman Sachs, is planning to open in the UK. New York-based Manikay's move into Europe comes after Financial News revealed on Monday that Aurelius
Blackstone is said to be in talks to back new distressed fund... [more]From Bloomberg.com: Blackstone Group LP is in talks to back a Hong Kong-based distressed fund started by Jason Browna former global head of Goldman Sachs Group Inc.’s Special Situations Group, said two people with knowledge of the matter. Brown’s Arkkan Capital Management Ltd. will focus on Asian op
Barclay CTA Index Inches Up 0.01% in July (+0.69% YTD)... [more]Managed futures inched up 0.01% in July according to the Barclay CTA Index compiled by BarclayHedge. Year to date, the Index has gained 0.69%. “Market concerns that the Federal Reserve may raise US interest rates sooner than anticipated drove investors to sell risk assets,” says Sol Waksman, founder
Thomas Sandell opens event-driven strategy for small clients... [more]From Moneynews.com: Thomas Sandell, a hedge-fund manager who makes merger-related bets and once worked alongside the late Ace Greenberg at Bear Stearns Cos., is preparing to invest for smaller investors. Sandell Asset Management Corp. is setting up the Castlerigg Equity Event and Arbitrage Fund, a m
D.E. Shaw and Bright Plain acquire 24-megawatt Nevada solar farm... [more]From Businessweek.com: D.E. Shaw & Co., a $33 billion hedge fund, and Bright Plain Renewable Energy LLC acquired a 24-megawatt solar farm about 50 miles (80 kilometers) south of Las Vegas. D.E. Shaw, which also provided development capital, is majority owner of the Searchlight solar farm, Bryan Mart
Jettisoned from Wall Street’s inner circle, Cohen said to plot comeback bid... [more]From Foxbusiness.com: …Now, people close to Cohen say he has quietly and methodically launched a multi-pronged effort to eventually make his full return to the hedge fund business, even if many legal experts say the odds are low that he will prevail. “I would say Steven Cohen’s chances are about as
Europe – Hedge funds urge faster Co-op Bank overhaul... [more]From Yahoo.com: The Co-operative Bank is facing demands from some of its biggest shareholders to accelerate an overhaul of its operations and commercial strategy.
Sky News has learnt that a number of hedge funds which became investors in the Co-op Bank after it was forced into an emergency fun
Argentina – U.S. judge calls Argentina debt swap plan 'illegal'... [more]From Worldbulletin.net: U.S. District Judge Thomas Griesa on Thursday called Argentina's proposed debt restructuring plan "illegal" but stopped short of holding the country in contempt, saying that would not help resolve the dispute that led to the nation's second default in a dozen years.
Commodities – Commodities volatility shakes up hedge funds... [more]From WSJ.com: Jumpy commodities markets are taking hedge funds for a wild ride. A spate of unpredictable U.S. weather, a surprise record harvest and even a pig virus are giving commodities traders exactly what they craved: volatility. But a few big names are on the wrong side of this summer's topsy-
Activist News – Fir Tree says Hertz CEO has 'lost credibility’... [more]From CNBC.com: Hertz Global Holdings investor Fir Tree Partners on Thursday stepped up its calls for the car rental company to replace its chief executive, saying CEO Mark Frissora "has completely lost credibility.'' "It's clearly time to move past denial and swiftly to install great leadership for