Monthly Archives: May 2012
Costa Rican Man Convicted In Half Billion Dollar Fraud Scheme With Victims Worldwide
Newsroom America – The president of a Costa Rican company that sold reinsurance bonds to life settlement companies has been found guilty of carrying out a half-billion-dollar fraud scheme that affected more than 2,000 victims throughout the United States and […]
Activist hedge funds catch eye of institutional investors
Pensions & Investments – Activist hedge funds pulled in at least $2 billion in new assets from institutional investors over the past two years, with a marked acceleration in pace in the second half of 2011 and so far in […]
Regulatory Focus on Hedge Funds Continues
Forbes – The regulatory focus on hedge funds continued during the first quarter of 2012, as new iniatives continued to roll out, and milestones in the implementation of rules put on the books last year were hit. For “large” hedge funds, we […]
AIMA Guide: Institutional Investors and Hedge Fund Operational Infrastructures
New York (HedgeCo.net) -The Alternative Investment Management Association (AIMA), the global hedge fund association, has published a guide for investors and managers, written by members of AIMA’s Investor Steering Committee (ISC). “In light of the ongoing ‘institutionalisation’ of the hedge […]
BluMont Completes Hedge Fund Merger
BluMont Capital Corporation announced today that the merger of BluMont Core Hedge Fund into Exemplar Market Neutral Portfolio has been completed. The termination of the Core Hedge Fund was effective as of May 27, 2011. In that regard, BluMont Capital […]
Oil Drops on Slowing U.S. Economy, Europe Debt
Bloomberg – Oil dropped in New York, headed for its first monthly decline since August, on speculation that fuel demand will falter amid a slowdown in the U.S. economic recovery and Europe’s continuing debt crisis. Futures slipped as much as 1 percent […]
Sergei Magnitsky death: Russian police officer cleared of wrongdoing
Telegraph – The officer ordered Mr Magnitsky’s arrest on alleged tax evasion charges in 2008 after the lawyer accused him of helping to orchestrate a $230m (£140m) fraud against the Russian state. Mr Magnitsky was detained in a series of […]
A FrontPoint Founder Tries Again With a New Firm
DealBook – When FrontPoint Partners began in 2000, its founders envisioned the firm as a one-stop shop for multiple hedge funds, a distinctive strategy in an industry dominated at the time by single star managers. As FrontPoint fights to stay […]
Hedge fund Cevian hires former UK minister Myners
Reuters – Former British financial services minister Paul Myners, a strong advocate of shareholder engagement with companies in which they invest, is to join activist hedge fund Cevian Capital as chairman of its UK operations. Myners, former chairman of fund […]
Investors flee ex-GS trader’s Japan hedge fund
Reuters – Gaia Capital Management’s Japan-focused hedge fund, started by a former Goldman Sachs trader, lost more than three quarters of its roughly $150 million assets (91 million pounds) in just two months as the March 11 earthquake blew aside its assumptions, […]
US fund seeks management change at Charter Hall Office
Reuters – New York-based investment firm Orange Capital LLC plans wants to replace the management of Australian property trust Charter Hall Office REIT and plans to call an extraordinary general meeting, it said on Monday. Charter Hall Office has been […]
Barai founder admits guilt on insider trading
BusinessDay – Barai Capital Management founder Samir Barai has pleaded guilty to securities fraud and other charges as part of the US government’s largest crackdown on insider trading at hedge funds. Mr Barai, of New York, on Friday also pleaded […]