A hedge fund manager who was named one of Institutional Investor’s Rising Stars in 2010 also made a lot of money on Realogy.
Investors redeemed money from hedge funds in October, according to one scorekeeper. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 0.67 percent from September. "Inflows have remained steady, while outflows have spiked in line with quarter-end rebalancing," said Bill Stone, chairman and CEO of SS&C Technologies, in a press release.
Citadel Advisors disclosed in a Securities and Exchange Commission filing that it now owns 5.4 percent of LSI Corp., which makes semiconductors for storage devices. The filing was made in a 13G, which means it is strictly a passive investment, for now. LSI’s stock trades at $6.63, down from a high of $8.80. At the end of the second quarter, Citadel also had puts and calls on LSI.
A Ghana court ruled that hedge-fund manager Paul Singer can hold on to Argentina’s navy vessel, the ARA Libertad, until the court rules on whether Argentina is still the legal owner of the defaulted debt. Until then, Singer will in effect be the captain of the ship.
The Bank of Nova Scotia is looking to become a big player in the hedge fund industry. Canada’s third-largest bank plans to provide more prime brokerage services to hedge funds, including clearing listed derivatives trades.