July hedge fund performance roundup, Paulson fund falls, Scranton seeks HF financing, fixing the glitch and more
By Chris ClairWhat’s news around the hedge fund industry for Tuesday, Aug. 7, 2012:
Around the web
Hedge funds trailed stocks last month with 0.2% advance. (Bloomberg)
Hedge funds add 1.07% in July. (FINalternatives)
BofAML: Hedge fund end week flat. (FINalternatives)
Managed futures, credit funds post best July results. (FINalternatives)
Macro hedge funds lead broad-based July gains. (Opalesque)
Paulson’s Advantage Plus fund declines 2% in July. (Bloomberg Businessweek)
Speculators lift commodity wagers in longest streak on record. (Bloomberg)
South African hedge fund manager shooting prompted by Ponzi scheme. (FINalternatives)
Roomy Khan testifies Doug Whitman aggressively sought tips. (WSJ.com)
Oaktree Capital Management turns profit on asset surge. (FINalternatives)
(FINalternatives)
Thames River Capital asks shareholders to close fund of funds. (FINalternatives)
This, as well as anything, illustrates the effect of algorithmic trading on volumes.. (Huffington Post)
Knight Capital said to have spurned $500 million Citadel loan. (Bloomberg)
Small investors vs. high-speed traders. (Felix Salmon)
Scranton (Pa.) council pursues hedge fund financing. (Scranton Times-Tribune)
JPMorgan seeks to limit Peregrine trustee’s subpoena power. (Reuters)
Shariah Capital set to de-list from Alternative Investment Market. (Equities.com)
This Wall Street tech deal doomed investors: How electronic trading failed the marketplace. (David Weidner on MarketWatch)
Why are investors fleeing equities? Hint: it’s not the computers. (DealBook)
Major players in Dutch pensions industry criticize derivatives proposals. (IPE.com)
Glitch halts Tokyo derivatives trading. (Financial Times)
Derivatives, blamed for crippling banks, are now making them nimble. (WSJ.com)
July adds to options trading decline. (IFR Asia)
Morgan Stanley sued over $72.4 million ‘Pinnacle’ notes. (Financial Times)
Icahn offers to buy remaining CVR Energy stake. (Reuters)
9 financial documentaries that will change the way you think about money and investing. (Minyanville)
News headline: “Glitch halts Tokyo derivatives trading”
News headline: “Computer glitch turns Southwest Airlines deals into a debacle”
News headline: “Spain’s stock market disrupted by trading glitch”
News headline: “OS X Mountain Lion battery glitch makes Apple users roar”
News headline: “Glitch sends thousands to Israel cheap via El Al”
News headline: “$400 million rescue for broker Knight after costly glitch”
In honor of glitches everywhere, the best “glitch” scene of all time, re-enacted by “Office Space” fans
