Monthly Archives: April 2011
New York Dominates Hedge Fund Industry
Business Insider – New York manages by far the most hedge fund assets compared with other cities in the world, with London in a distant second place, according to research from TheCityUK. In a report on the global hedge fund […]
Jesus-Loving Hedge Fund Shut Down By SEC
Forbes – There may be a God after all. The Securities and Exchange Commission managed to shut down an allegedly fraudulent hedge fund in Beverly Hills before it was able to attract investors. The hedge fund’s principal Elijah Bang and salesperson Daniel […]
Hedge Fund King Cliff Asness: Go See ‘Atlas Shrugged’
CNBC – Cliff Asness, the managing partner of AQR Capital Management (one of the world’s biggest hedge funds), has sent an email urging friends to see the film “Atlas Shrugged,” the adaptation of the novel by Ayn Rand. Much of […]
Rajaratnam trial jury focuses on more phone taps
Reuters – For the second day running, jurors at hedge fund manager Raj Rajaratnam’s insider trading trial asked to listen to replays of some of the secretly-recorded phone conversations at the heart of the government’s case. The request on Wednesday […]
7 Hedge Funds Hurt in Alleged Longtop Financial Technologies Fraud
Business Insider – Longtop Financial Technologies went down 25% during the past couple of days after a report by Citron Research alleged that every financial statement coming from LFT is fraudulent. Here are the seven hedge funds that have the […]
Robin Hood Movement: Hedge Funds & the Public Good
New Haven Advocate – We live in a very, very rich country. Yet we are utterly consumed by the hysteria that we’re broke. Historians are certain to look back at this period and wonder why the richest country in history […]
Hedge Fund Group Appoints Brazil Director As Asset Base Booms
Dow Jones – A London-based hedge fund association has appointed a Brazilian representative to boost hedge fund business in Brazil, where the industry already has some $30 billion under management and is notching up double-digit annual growth. Michelle Noyes, of […]
OpEd: Estate Planning with Hedge Fund Performance Allocations (part one)
New York (HedgeCo.net) – By hedge fund specialist law firm Holland & Knight partner Bradley M. Van Buren. As the economy improves, advisors have experienced a reemergence of hedge funds and hedge fund managers are again focused on their performance […]
Mergers And Acquisitions: Dow Jones/LSP Partners
New York (HedgeCo.net) – Hedge fund industry expert, Dow Jones Indexes, has teamed up with risk management research firm, LSP Partners LLC., to develop and co-brand an index family. Scheduled to be launched in the second half of 2011, the […]
People Moves: Baudouin, Geiser, Godek, Kranz, Reidy and Book
Aon Risk Solutions, the global risk management business ofAon Corporation appointed Christopher Baudouin as chief executive officer of the Aon Global Client Network. Gryphon has hired Bart Geiser as VP of Sales. He specializes in helping Fortune 500 clients develop differentiating consumer […]
E*trade says Citadel selling 27.5 million shares
Reuters – E*trade Financial Corp said on Monday that hedge fund Citadel LLC plans to further cut its stake in the U.S. online broker. Citadel Equity Fund Ltd is selling 27.5 million shares in an offering underwritten by Morgan Stanley. E*Trade […]