Monthly Archives: April 2011
Avoca ‘recasts business model’ with €100m hedge fund expansion
Independent – Irish investment giant Avoca Capital has closed a deal to buy a €100m UK hedge fund business from Liontrust Asset Management. The deal sees Avoca taking control of two high-yield bond hedge funds that manage contracts worth €100m. Read […]
Hedge fund manager charged with insider trading in Human Genome Sciences case
Washington Post – In April 2008, a Morgan Stanley hedge fund manager named Joseph F. “Chip” Skowron III allegedly met a consultant to a Rockville biotech company at a hotel bar in Milan and slipped him an envelope containing at […]
FrontPoint Partners’ Skowron Is Charged With Securities Fraud, Obstruction
Bloomberg – Ex-FrontPoint Partners LLC portfolio manager Chip Skowron joined those accused in a U.S. crackdown on insider trading of hedge funds when he was charged with conspiracy, securities fraud and obstruction. Skowron, 41, of Greenwich, Connecticut, surrendered yesterday to agents […]
Steve Cohen bidding for minority stake in New York Mets: report
Bloomberg – Billionaire hedge-fund manager Steven Cohen is bidding for a minority stake in the New York Mets baseball team as it tries to raise about $200 million to cover losses and pay down debt, the Wall Street Journal reported, […]
Hedge Fund Launch: Bandon Isolated Alpha Fixed Income Fund
New York (HedgeCo.net) – Portland, Oregon-based investment management firm Bandon Capital Management LLC., has launched the Bandon Isolated Alpha Fixed Income Fund (BANIX), a global absolute return-oriented fixed income strategy hedge fund. “When we listen to investors we hear two […]
The hedge fund heavyweight who has markets in his thrall
Evening Standard – He may look like a jolly country gent (passions include fishing and shooting) but Crispin Odey has the markets constantly in his thrall. He is known for taking daring, often counter-intuitive, positions. And he has paid himself […]
Elliott Proposes 100-Day Plan For Iron Mountain
Dow Jones – Hedge fund manager Elliott Management Corp. said Monday it has proposed a 100-day plan for Iron Mountain Inc., in its latest bid to turn the data-storage company into a real estate investment trust. In a 15-page slide […]
Will Hedge Fund Registration Overwhelm the SEC?
CNBC – Looks like another deadline of the Dodd-Frank Bill will come and go. This one is the much talked about July 21 hedge fund registration deadline. SEC Associate Director Robert Plaze recently sent a letter to the President of […]
SEC Anticipates Delay Period for Adviser Registration Changes
New York (HedgeCo.net) – The Securities and Exchange Commission seems likely to allow additional time for investment advisers to make registration changes required by the Dodd-Frank Act, according to an April 8 letter from Robert Plaze, Associate Director of the […]
Survey: 65% Of Investors Are In A Maze When It Comes To Hedge Funds
New York (HedgeCo.net) – A recent survey conducted by Thesis Fund Management, a New York based registered investment advisor and manager of The Flexible Fund, revealed many Americans are in the dark when it comes to hedge funds. When asked if […]
National Express rebel wins support of second-largest shareholder
Guardian – The US activist investor seeking a boardroom shakeup at National Express has claimed the support of the public transport group’s second largest shareholder, the Cosmen family. The surprise announcement comes only a week after National Express implied that it had […]