NBA's Marc Cuban Blogs his Plans to Launch Betting Hedge Fund at The Gambling Weblog

Cuban says he will launch betting hedge fund In a plan that goes against Pro-US sports and the US restrictions on gambling, internet-millionaire-come-NBA team owner, Marc Cuban, claims on his blog that he's planning to launch a gambling hedge fund - which he says is no different to the stock market "I've decided to start a new hedge fund. However, this hedge fund won't invest in stocks or bonds, or any [...] Read More


Preakness Betting Affected by Online Gambling at The Gambling Weblog

Illegal online gambling cuts into Turf business Its the Preakness Stakes this weekend in the US - part of the US Triple crown and many turf tracks are still turning on online betting sites as 'public enemy number one' and are shouting out their 'illegality' to all those that'll listen Apparantly they're worried that most US horse bettors don't even realise that betting online is illegal (in America that is) So whilst [...] Read More


Hong Kong Jockey Club Looking to Change Betting Tax at The Gambling Weblog

Jockey Club in talks over changes to betting tax The Hong Kong Jockey club has seen betting turnover fall from HK$130 million per race in 1997 to HK$90 million per race now and in an attempt to reverse this decline, they are looking at alternative tax solutions. The Jockey Club is in negotiations with the government on the way horse racing bets are taxed and is confident a change in the [...] Read More


British Rail Pension Fund Plans to Invest One Billion In Hedge Funds at The Hedge Funds Weblog

Railpen, one of the largest pension funds in Britain, with £18 billion ($35.3 billion) in assets under management is planning to move at least £540 million ($1 billion) into hedge funds this year. Chris Hitchen, Railpen chief executive, said they are planning on increasing their exposure from 5% to 8%, by having £1.4 billion ($2.7 billion) invested in hedge funds by December. "We have been divesting our equity portfolio to buy other [...] Read More


Barbarian Investments Launch Film Production Hedge Fund at The Hedge Funds Weblog

In a HedgeCo story; "The current influx of funds from hedge funds, private equity funds and institutional investors into studio and independent distributor funds has created a considerable opportunity on the content creator side of the Hollywood equation," says Aaron Kaufman of the Barbarian Investment Fund. Barbarian brings together 5 notable film producers such as Benderspink (The Ring, American Pie), Original Media (Half Nelson), GreeneStreet (In The Bedroom) and others. The [...] Read More