Hedge Fund News: Julian Robertson, Phil Falcone & Clinton Group

Page 1 of 2

Tiger Management Backing New Asia-Focused Hedge Fund (WSJ)
Julian Robertson‘s Tiger Management LLC has agreed to back startup hedge-fund Kang Global Investors LP with as much as $50 million for its launch at the start of July, according to people familiar with the arrangement. In exchange for the early investment, the new hedge fund’s founder Richard Kang will pay about 20% of fees earned to Mr. Robertson’s Tiger in what is known as a “seed deal,” the people said. The New-York based Kang Global will be an Asian-focused fund, similar to Mr. Kang’s former employer, the shuttered hedge-fund Tiger Asia Management.

TIGER MANAGEMENT

Hedge Funds Lag S&P 500 MTD (Finalternatives)
Hedge funds lag the S&P 500 Index month to date, with the Diversified Investible Hedge Fund Composite Index up 0.8% to the broader index’s 1.7% as of June 18. Event-driven funds performed the best, said Bank of America Merrill Lynch analyst MacNeil Curry, adding 1.2% over the monitored period. Curry said BofAML models indicate market neutral funds trimmed their market exposure to 10% net long from 17% net long while long/short funds trimmed their exposure to 43% net long from 50% net long, above the 35-40% benchmark.

Argentina seeks debt talks to avoid default (GlobalPost)
Lawyers for Argentina were planning to meet with a New York judge Monday to seek a way to avoid defaulting on billions of dollars worth of debt on June 30. Cabinet chief Jorge Capitanich said the legal team would make a formal presentation for talks with creditors to Judge Thomas Griesa, who first ruled against the country in its battle against hedge fund bondholders in 2012. But Griesa’s court was not able to confirm any meeting was scheduled early Monday.

Hedge Fund Loses Millions In Hacking Attack (Key103)
In a rare raid on the financial services sector, the criminals delayed the fund’s trades whilst stealing their profitable company secrets. BAE Systems Applied Intelligence said the attack cost the unnamed fund millions of dollars and the identity of the attackers is still unknown. It is understood the attackers lifted information on complex, high-speed trades from the firm, then sent the details to external servers using malware which was installed on the victim’s network.

SEC Charges Hedge Fund Advisory Firm and Others in South Florida-Based Scheme to Misuse Investor Proceeds (NewsRoomAmerica)
The Securities and Exchange Commission today charged a West Palm Beach, Fla.-based hedge fund advisory firm and its founder with fraudulently shifting money from one investment to another without informing investors. The firm’s founder and another individual later pocketed some of the transferred investor proceeds to enrich themselves. The SEC alleges that Weston Capital Asset Management LLC and its founder and president Albert Hallac illegally drained more than $17 million from a hedge fund they managed and transferred the money to a consulting and investment firm known as Swartz IP Services Group Inc…

Pot start-ups pitch to angel investors (CNBC)

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!