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→  December 22, 2014

Sophisticated investors have this on their New Year’s resolution list: Negotiate harder on hedge fund fees. At the moment, investors typically pay 2% just for the privilege of letting a hedge fund manage their millions. Even if the fund performs horribly, the manager gets to keep 2%. And that’s not all. On top of that, […]

→  December 22, 2014

The retail sector, with its oversupply, weak sales growth and heavy exposure to the U.S. real estate market, is turning into a proven winner for hedge fund activists. Don’t expect that to change in 2015, as Wall Street’s most prominent investors position for a few mega retail-sector deals. When Office Depot Office Depot closed its merger with OfficeMax OfficeMax in […]

→  December 21, 2014

Want to know what billionaires are doing with their money these days? We have the numbers, and the results may surprise you. The sell-offSP Capital IQ recently released its Hedge Fund Tracker, showing what stocks the 10 largest pure-play hedge funds bought and sold in the third quarter. Of the stocks the hedge funds sold […]

→  December 21, 2014

(MENAFN – Gulf Times) Hedge funds are the most bullish on gold since August, defying Goldman Sachs Group’s prediction that the rally in prices will fade. The net-long position in New York futures and options climbed for a fourth week, the longest stretch of increases since July, government data show. Futures jumped 2.7% last week, […]

→  December 21, 2014

The Baldwin Piano Company was once the largest US-based manufacturer of pianos. The company can trace its origins back to 1857 by Dwight Hamilton Baldwin. By 1913, business had become brisk, with Baldwin exporting pianos to thirty-two countries. By 1953 the company had doubled production. Throughout the 1970s, the company undertook a significant bid to […]

→  December 21, 2014

Source: Wikimedia Commons/Niccolò Caranti  The controversial billionaire and hedge fund guru George Soros is undoubtedly one of the best investors on the planet today. At age 83, he is estimated to be the seventh-richest American, with a net worth of approximately $23 billion — making him the world’s wealthiest hedge fund manager as well.  Given his […]

→  December 20, 2014

Financial analyst Meredith Whitney ‘s hedge fund firm, Kenbelle Capital, seems to be in trouble a little more than a year after it launched. Two executives have left the fund, and its biggest investor, a group tied to BlueCrest Capital Management, has requested to redeem its investment-not once, but twice – sources told Bloomberg. A LinkedIn […]

→  December 20, 2014

The following list comprises the most-read Bloomberg News reports from the past week. To read any article, click on the story links shown below or go to READ 1W GO. See NI READSUMS GO for previous lists of the most-read stories. Lists are based on daily statistics through Friday, Dec. 19. STORIES 1. Hedge Fund […]

→  December 20, 2014

The hedge fund Meredith Whitney started last year after she became one of Wall Street’s best-known analysts is in turmoil. Her biggest investor demanded his money back and two executives left in the past month, according to a person with knowledge of her firm. A fund connected to billionaire Michael Platt’s BlueCrest Capital Management asked […]

→  December 20, 2014

The hedge fund Meredith Whitney started last year after she became one of Wall Street’s best-known analysts is in turmoil. Her biggest investor demanded his money back and two executives left in the past month, according to a person with knowledge of her firm. A fund connected to billionaire Michael Platt’s BlueCrest Capital Management asked […]