Monthly Archives: May 2011
BHA Q1 2011 Hedge Fund Highlights
New York (HedgeCo.net) – For the first three months of the year, investor interest in hedge funds revolved around two central themes, according to Brighton House Associates Q1 2011 Research Report (pdf). The first was the increase in corporate activity and […]
Fund tapes allowed in consultant’s U.S. trial
Reuters – The day after hedge fund founder Raj Rajaratnam was convicted based on phone tap evidence, another insider trading defendant lost a bid on Thursday to throw out recordings from her trial. Taiwan-born Winifred Jiau, 43, a former technology […]
Bayou Group Estate Wins $13 Million From Hedge Funds for Fraud Investors
Bloomberg – The estate of hedge-fund firm Bayou Group LLC, which turned out to be a Ponzi scheme, won a jury verdict requiring hedge funds that redeemed their money before Bayou collapsed to pay investors $13 million, a lawyer said. Today’s […]
Hedge fund managers ponder Armageddon
MarketWatch – A collapse of the banking system, the demise of the U.S. dollar as the reserve currency, another oil shock, a new round of junk-bond defaults and a meltdown in Japan’s bond market were among the doomsday scenarios explored […]
SAC’s Cohen says energy ‘interesting’ after commodities plunge
News Times – Steven A. Cohen, the billionaire founder of hedge fund SAC Capital Advisors LP in Stamford, said last week’s selloff in commodity markets makes this a good time to buy stock in energy companies. Energy is “an interesting sector,” […]
Multi-Manager Hedged Equity Mutual Fund Launch
New York (Hedgeco.net) – Orinda Asset Management LLC, an independent, privately-held asset management firm, announced today the launch of the Orinda Multi-Manager Hedged Equity Fund. The new hedge fund seeks long-term capital appreciation with an emphasis on risk-adjusted returns and […]
Hedge funds prepare for end of QE2
MarketWatch – Some of the world’s top hedge-fund managers said Wednesday that they’re preparing for the end of the Federal Reserve’s latest round of government bond purchases, known as QE2. Lee Ainslie, head of Maverick Capital, said risk isn’t being […]
Janus to Offer Long/Short Hedge Fund with Appointment of Alternatives Manager
Janus Capital Group Inc. (NYSE: JNS) today announced that investment manager Dan Kozlowski, a former Janus portfolio manager, will return to the firm on June 13, 2011 to spearhead Janus’ alternatives product expansion and to succeed David Decker as manager […]
Hedge fund inflows swell to 9-mo high
Reuters – Hedge funds last month enjoyed their biggest monthly net inflows since August, as investors backed managers to profit from increasing market volatility, indicative data from GlobeOp Financial Services shows. The GlobeOp Capital Movement Index — which tracks the monthly […]
ich Listers invest in new fund management company
MBR – Fund manager Warren Couillault has established a new investment manager in partnership with NBR Rich Listed Spencer Family Group, led by Berridge Spencer (the son of ex-paper magnate John Spencer). Richmond Investment Management’s initial offering comprises two fund-of-fund […]
Hedge fund RAB shares plummet as says may delist
Reuters – RAB Capital Plc said its days as a listed group may be numbered after another wave of client departures, underscoring its status as one of the highest-profile hedge fund victims of the credit crisis. Shares in the company plunged […]