Monthly Archives: May 2011
Investcorp and Prosiris Form Strategic Hedge Fund Partnership
New York (HedgeCo.net) – Investcorp, the alternative asset manager, and Prosiris Capital Management, a New York based hedge fund manager led by former Goldman Sachs managing director Reza Ali, today announced that they have formed a strategic partnership that will […]
Man’s Japan Hedge Fund Up $2 Billion
New York (HedgeCo.net) – Hedge fund giant, ManGroup, announced that their assets are up $71 billion vs $69.1 billion at the end of March. Man’s Chief Executive Peter Clarke said it had been a “significant year” for the group now […]
Rajaratnam renews request in NYC to toss verdict
Forbes – A lawyer for the one-time billionaire hedge fund founder convicted of insider trading charges in New York has renewed his request that the judge reject the verdict. Attorney John Dowd submitted papers Wednesday in federal court in Manhattan […]
Hedge funds play a lending role
The Standard – Borrowing costs in China surged for the sixth straight day as the seven-day Shanghai interbank offered rate rose 57.5 basis points to 5.3053 percent. The surge follows tightening measures by Beijing. The Shibor reached its highest level since […]
Banks in the Asia-Pacific region have benefited from a more active year in derivatives, as corporates seek to hedge their currency and interest rates exposures following a slowdown during the financial crisis After a hiatus during the financial crisis, hedging has returned with a vengeance to boost the corporate derivatives business at banks in Asia-Pacific
Risk – Banks in the Asia-Pacific region have benefited from a more active year in derivatives, as corporates seek to hedge their currency and interest rates exposures following a slowdown during the financial crisis After a hiatus during the financial […]
Hedge fund Elliott unbowed by European defeats
Reuters – He who shouts loudest doesn’t always get heard, as Elliott Management found to its cost earlier this month when the activist firm met stiff resistance to changes it was seeking at European companies. But chief executives cannot afford […]
Shumway said to invest $200 million in funds of two ex-employees
Stamford Advocate – Chris Shumway, who returned client capital this year from his $8 billion hedge fund, is providing $100 million each to two former employees who are starting their own firms, according to three people familiar with his plans. Ashwin […]
Failed hedge fund fraudster gets four years in jail
The Star – Boaz Manor, convicted of defrauding thousands of investors in a Toronto-based hedge fund once worth $800 million, has been sentenced to four years in jail. The sentence was handed down Wednesday morning by Justice Ian Nordheimer of the […]
Prominent hedge fund manager calls for Microsoft’s Ballmer to step down
Apple Insider – Influential hedge fund manager David Einhorn called Microsoft CEO Steve Ballmer “the biggest overhang” on the company’s stock at an investment conference on Wednesday, saying he should step aside and “give someone else a chance.” Einhorn serves […]
Highland Capital Management Responds to Lawsuit from Houston Municipal Employees Pension System
Highland Capital Management, L.P., a Dallas-based, SEC-registered investment adviser with approximately $23 billion in assets under management issued the following response to a lawsuit from the Houston Municipal Employees Pension System: Highland Capital believes this lawsuit is both without merit […]
Oil Trade and Hedge Fund Fines Hit $200 Million in 2010
New York (HedgeCo.net) – Yesterday, the U.S. futures regulator sued two oil traders and their employers, the Arcadia and Parnon Energy Firms, charging they booked $50 million in profits by manipulating oil prices in 2008, according to a Reuters report. “The U.S. […]
Hedge Fund Assets Cross $1.81 Trillion
New York (HedgeCo.net) – Hedge funds delivered another month of strong returns aided by favourable market conditions in April 2011 and rallies in underlying markets, according to the May 2011 Eurekahedge Report. Total net flows for the first four months […]