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

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

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

Top 6 Cities For The Ultra Rich to Live in Comfort

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

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!