Philip Chua Business Blog

Posts Tagged ‘Hedge’

The former wife of Steven A. Cohen, the billionaire hedge fund founder, has a new lawyer in her suit against him.

Raj Rajaratnam, the founder of the Galleon Group, said his hedge fund had based its investments on research and not, as the authorities claim, on inside information.

The DXY does not mirror the United States trade position in the global economy. It is heavily weighted to Europe, undervalues the Canadian Dollar, ignores South Korea Taiwan and by necessity China. A firm cannot settle a trade flow in the DXY nor is it particularly useful as a hedge…

At the center of the investigation into a purported insider trading ring is Raj Rajaratnam, who rose from a technology analyst to become a hedge fund billionaire.

(SINGAPORE) The sharp rebound in the hedge fund space is here to stay, as managers head for their best nine-month performance in a decade, says Eurekahedge.
The latest data from Lipper also shows improved fortunes for global funds, with all hedge fund strategies except dedicated short-bias ending the month in positive territory.
The Eurekahedge Hedge Fund Index, which tracks more than 2,000 funds,… more

(SINGAPORE) Hedge funds’ assets increased by US$21 billion in August, rising for a fourth straight month, according to Eurekahedge Pte.
Net inflows into the industry totalled US$12.6 billion, while gains through performance were US$8.8 billion, bringing total assets under management to US$1.38 trillion, the Singapore-based research firm said in a report.
The Eurekahedge Hedge Fund Index, trackin… more

Reuters – Cerberus Capital Management has been swamped with redemption requests with the Wall Street Journal reporting that investors are asking to pull out $5.5 billion or 71 percent of assets from its hedge funds.

Reuters – Hedge fund manager John Paulson, who bet against financial companies after foreseeing the credit crisis, has been buying Citigroup Inc shares over the past few weeks, the New York Post reported, citing sources.

Reuters – The U.S. Securities and Exchange Commission has told Arthur Samberg, a once powerful hedge fund manager, it plans to file civil insider trading charges against him and his firm, Pequot Capital Management.

Reuters – Hedge fund manager John Paulson, who made a fortune betting against financial companies after foreseeing the credit crisis, stocked up on shares of Bank of America Corp during the second quarter.