Bill Gross leaves Pimco for Janus

by HedgeFundsX on September 26, 2014

Bill Gross, one of the bond market’s most renowned investors, is leaving Pimco, the investment firm he founded and with which his name has been effectively synonymous, for rival asset management firm Janus Capital Group, Janus said on Friday.

The surprise announcement, which rattled the U.S. Treasury market, comes just days after news broke that U.S. securities regulators were investigating Pimco and Gross in connection with an exchange-traded fund he managed at Pimco.

A source familiar with the matter told Reuters that Gross had been clashing with the firm’s executive committee … Read More »

Largest hedge funds suck in cash

by HedgeFundsX on September 29, 2014

A new investigation of industry assets by Absolute Return reveals that, once again, the largest funds are controlling more assets than ever.

The rich keep getting richer in hedge fund land.

The publication’s twice-yearly Billion Dollar Club analysis, which ranks the assets of all Americas-based firms with at least $1 billion in hedge fund strategies, … Read More »

Hedge fund exit not about performance: CalPERS CIO

by HedgeFundsX on September 26, 2014

The decision by the California Public Employees’ Retirement System to leave hedge funds was not meant to send a message about that particular sector, the pension fund’s new chief investment officer told CNBC on Wednesday.

“It is not about the performance of the hedge fund program or about the industry in general. For us, it’s … Read More »

INFOGRAPHIC: How The Hedge Fund Industry Has Exploded Since 2008

by HedgeFundsX on September 26, 2014

Preqin hedge fund chartHedge fund research firm Preqin has released a graphic showing how the hedge fund industry has changed since the 2008 financial crisis.

In the years following the financial meltdown, there has been an uptick in the number of hedge funds that have launched despite an increase … Read More »

Yahoo! Becomes Hedge Fund Target as Traders Manipulate Price Lower

by HedgeFundsX on September 25, 2014

This phenomenon happened regularly in the old days of Apple and now we’re seeing it in Yahoo!. These hedge fund money managers have manipulated a situation in which Yahoo!’s share price has crashed through what should have been a floor at $42 a share by turning Yahoo! into a hedge against long … Read More »

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