Hedge Fund Vultures Circling Detroit Muni Debt

Sure corporate debt has been the largest investment source for distressed credit hedge funds over the years. But with a growing number of municipalities facing revenue issues and offering high yields or discounts, a number of hedge funds are investing in the debt of struggling cities such as Detroit.

Reuters brings light to this growing investment strategy and notes that cities like Detroit are comparable in size (of debt offerings) to major corporate restructurings.

"Everyone is looking for ways into Detroit. It's new and unique," said Marti Kopacz, who founded Brant Point Advisors, which provides turnaround advice to municipal governments.

Distressed debt investing has been a very successful hedge fund strategy over the past decade. Funds such as Fortress Investment Group and Appaloosa Management are some of the top distressed hedge funds in the US.

List of Hedge Funds by State

Below are various lists of hedge funds by state:

• List of hedge funds in California

• List of hedge funds in Connecticut

• List of hedge funds in Florida

• List of hedge funds in Illinois/Chicago

• List of hedge funds in MA

• List of hedge funds in New Jersey

• List of hedge funds in New York

• List of hedge funds in PA

• List of hedge funds in Texas

• List of hedge funds in US

Hedge Funds Sue Porsche over Options

Porsche is being sued by more than 25 German hedge funds relating to its failed bid to takeover VW.  Among the plaintiffs in the suit against Porsche are Glenhill Capital LP, Viking Global Equities LP, and  Greenlight Capital Inc.

In March, 11 US hedge funds dropped their claims against Porsche. The claims are based on Porsche's failed takeover of VW more than 4 years ago with investors claiming Porsche failed to adequately notify them of its plans.Two top executives were with market manipulation over the issue.

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Hedge Funds Back in Love with Mortgages

The love-hate relationship with mortgage investments is heating up once again, at least according to attendees of the SALT conference in Las Vegas.

"This year, what people seemed to be talking about more than anything else on the investment panels and in the hallways was the mortgage market." reports Fortune.

Hedge fund managers, at least anecdotally, seem bullish on housing as well. Anilesh Ahuja of Premier Point Investments believes the lack of new housing construction in the US over the last several years virtually ensures housing prices will continue to go up.

REVIEW: Best Hedge Fund Directories

Review of the Top Hedge Fund Directories / Lists

There are now dozens of hedge fund directories available to investors, marketers, research groups and even job seekers. Below we seek to highlight some of the premier hedge fund directory providers and give you an overview of their services. Note that we do not currently have access to all available hedge fund directories so the following reviews are based on a combination of past reviews, current reviews, information provided by the directories and our own research.

4. Eureka Hedge
Eureka Hedge offers various high-quality hedge fund databases available to qualified investors only. In addition to the expensive global hedge fund database, Eureka Hedge offers various regional hedge fund directories such as the directory of hedge funds in Europe.

3. HedgeFundJobList
HedgeFundJobList is a little different than the other offerings on this list. They only cover hedge funds in the US. And while they offer extensive hedge fund contact details, but do not offer performance information. They seem to be geared towards job-seekers (thus the name), but their lists would also be suitable for marketing or research. They are by far the least expensive with downloadable lists starting at around $40. If you are just looking for a list of hedge funds in New York, for example, at under $100 for over 1,000 funds you can't go wrong.

2. Hedge Lists
Hedge Lists sells just what you would expect: lists of hedge funds. They have broken down their database into a variety of lists including hedge fund by country and by strategy. List range in price from $70-$700 and are a strong value. Check out the list of hedge funds in the UK for $135. Details provided include address, phone, fax, various emails, and AUM. Lists are updated monthly.


1. BarclayHedge
Though expensive ($4,500/yr or more depending on the database), BarclayHedge is seemingly still the premier hedge fund directory. BarclayHedge offers a contact hedge fund database and a global hedge fund database with over 6,000 hedge funds and fund of funds, as well as hedge fund newsletters and the like. The various databases include performance information as well as contact information like address, phone and email. The database is updated monthly.