Monthly Archives: April 2012
Segantii fund’s 41 pct gain lifts AUM to $550 mln
Reuters – Segantii Asia-Pacific Equity Multi-Strategy Fund has more than doubled assets since mid-2011 to $550 million, defying a tough capital-raising environment and net outflows from Asian hedge funds during the period. The growth was powered by 41 percent gain […]
Funds Cut Bullish Bets, Goldman Goes Neutral: Commodities
Bloomberg – Investors pared bullish commodity bets on signs of slowing growth in China and as Goldman Sachs Group Inc. cut its recommendation on raw materials. Hedge funds and other money managers reduced combined net- long positions across 18 U.S. […]
Hedge fund fury at Brussels directive
Telegraph – They are irate that hard-won compromises over the contentious Alternative Investment Fund Managers Directive appear to have been ditched by the EC, potentially damaging their business and preventing US and Asian fund managers accessing European investors. The row […]
OpEd: Estate Planning with Hedge Fund Performance Allocations (part two) Wealth Transfer Options
New York (HedgeCo.net) – By hedge fund specialist law firm Holland & Knight partner Bradley M. Van Buren. Continued from part one – Under current tax law, for gift and estate tax purposes, each individual has the ability to give away […]
AIMA Launches Brazil Hedge Fund Initiative
New York (HedgeCo.net) – The Alternative Investment Management Association (AIMA), has launched an initiative to engage with the Brazilian hedge fund industry and announced the appointment of a local representative, Michelle Noyes of BRZ Investimentos. “The maturity and sophistication of […]
BNY Mellon Acquires Wealth Management Arm of Hedge Fund Manager Talon
New York (HedgeCo.net) – Investment management firm, BNY Mellon, is in the process of acquiring Chicago-based Talon Asset Management’s wealth management operations, which have more than $800 million in assets under management. Talon is one of the region’s premier independent […]
Ex-hedge fund chief Lauer acquitted in fraud case
BusinessWeek – The former chief of a multimillion-dollar hedge fund accused of fleecing investors out of $200 million was acquitted Wednesday by a federal jury of securities fraud and related charges. Michael Lauer, who ran the Lancer Management Group and […]
Rajaratnam, Deutsche Bank, Madoff, Glaxo in Court News
Bloomberg – While prosecutors await a jury’s verdict in the trial of Galleon Group LLC’s Raj Rajaratnam, they may take comfort that four defendants tied to the insider- trading probe that began with him are pursuing plea deals. Don Ching […]
Harbinger’s Falcone gives details on SEC probes
Reuters – Billionaire hedge fund manager Philip Falcone recently gave investors more information about three U.S. government investigations into his Harbinger Capital Partners fund firm. In a year-end financial statement, Falcone also disclosed for the first time that his $6 […]
Ex-Citi exec readies $50 mln Greater China hedge fund
Reuters – Emerald Orient Investment Advisor, founded by former Citigroup Smith Barney portfolio manager Daniel Chan and four others, is set to launch a Greater China dedicated hedge fund betting on the technology and consumer sectors. The fund, which received […]
Corn prices drop on reports of hedge fund exits
DesMoines Register – Corn traders went on a selling binge Thursday, panicked by reports that investment funds are abandoning grain markets. The price of corn fell 29 cents – nearly the 30-cent daily limit – to $7.23 on the Chicago […]
Tano Capital moves commodity hedge fund from US to Singapore
Reuters – U.S.-based Tano Capital, a family office managed by a descendent of Franklin Templeton founder Rupert Johnson Sr, has moved the domicile of one of its funds to Singapore in a bet the local dollar will make further gains […]