Opalesque Exclusive: Tradex to launch mortgage fund in January... [more]Benedicte Gravrand, Opalesque Geneva: Tradex Global Advisors is concocting an all-weather absolute return strategy that aims to exploit the inefficiencies within the mortgage-backed securities (MBS) market. It will be run by Jeff Kong, who used to manage Passport Capital’s M1 Fund and SPM’s mortg
Retail investors likely to impact South African hedge funds... [more]Bailey McCann, Opalesque New York: The latest Novare South African Hedge Fund Survey shows that new regulations which opened the industry to retail investors in the country is likely to have a profound impact on local funds. Current hedge
Ex-Deutsche Bank credit chief Vassilis Paschopoulos launches own hedge fund... [more]From eFinancialcareers.com: Vassilis Paschopoulos, the former head of European investment grade trading at Deutsche Bank who left last year as part of a shake-up of its credit business, has launched his own hedge fund along with former colleague Nikos Kargadouris. Balliol Capital, a boutique credit-
Bill Ackman raises more than $3bn in overseas IPO... [more]From NYPost.com: Hedge fund mogul Bill Ackman has raised a record $2.7 billion for his hedge fund IPO that will start on trading on the Amsterdam stock exchange later this month.
Ackman set out to raise $2 billion, but the deal’s underwriters told their clients Tuesday night that the IPO was o
Hedge funds listen in on patient chats for pharma bets... [more]From Businessweek.com: On the Internet, people talk about everything, even their illnesses. Now, Wall Street is listening. In the data age, a handful of companies are packaging conversations on Facebook, Twitter and online patient forums to sell to drugmakers, insurers and hospitals eager to underst
$23bn is pulled from Pimco's flagship fund... [more]From Bloomberg.com: Daniel Ivascyn has a $23.5 billion problem. That’s how much clients pulled last month from the $201.6 billion Pimco Total Return Fund, managed by Bill Gross until he quit in a dispute over management of Pacific Investment Management Co., the bond manager he co-founded 43 years ag
Investing - RBC proprietary-trading-desk spinoff plan nixed by regulators... [more]From WSJ.com: Royal Bank of Canada dropped a plan to spin off a lucrative proprietary-trading business into a hedge fund after U.S. regulators rejected the move, people familiar with the matter said. The scuttled plan shows that even international institutions like Toronto-based RBC face new post-fi
…And Finally - Idaho woman accused of chewing up back seat of police car... [more]From Reuters.com: An Idaho woman accused of chewing up the back seat of a police cruiser after being arrested in a pepper spray incident could face up to five years in prison if convicted of a felony charge linked to the damage, authorities said on Tuesday.
Staci Spence, 42, is expected to ent