Monthly Archives: May 2011
Study: Hedge Fund Size & SEC/Investor Lawsuit Costs
New York (HedgeCo.net) – Large hedge funds with over $10 billion in assets under management (AUM) typically purchase $40 million or more in professional liability insurance coverage, nearly 200% more than medium funds between $1 billion and $3 billion in […]
FLAIA Scores With It’s One-On-One Capital Attraction Hedge Fund Forum
New York (HedgeCo.net) – The Miami-based Florida Alternative Investment Association (FLAIA) hosted its inaugural “One-On-One” Capital Attraction Forum with more than 120 separate meetings, in which pre-qualified hedge funds had the opportunity to showcase their funds and strategies to over […]
Hedge fund RAB plummets as it considers delisting
Reuters – RAB Capital said its days as a listed group might be numbered as clients continued to pull money, raising the prospect that one of the most high-profile hedge fund victims of the financial crisis could be shut down. […]
Hedge Fund Manager Alpine Associates Implements Paladyne Suite
Alpine Associates Advisors, a New Jersey-based multi-strategy hedge fund manager with approximately $1.8 billion under management, has joined Paladyne Systems, Inc., successfully implementing the Paladyne Suite™ as its fully-hosted front- to back-office solution. “With the growth of our firm and […]
Ex-Goldman Trader Saiz Said to Lock Oil Fund at $600 Million
San Fransisco Chronicle – Vector Commodity Management LLP, a hedge fund run by former Goldman Sachs Group Inc. trader Gilbert Saiz, stopped taking investor money after assets rose to almost $600 million, two people with knowledge of the matter said. […]
SEC to Raise Threshold for Hedge Fund and Private Equity Fund Investments
Forbes – The Securities and Exchange Commission (SEC) announced its plan to raise certain dollar thresholds that would need to be met before investment advisers can charge their clients performance fees. Performance fees, also known as “carried interest”, are a […]
Paulson in line for $726m payout on Lehman debt
The Independent – John Paulson, the hedge fund manager who made billions betting against the risky mortgages that bankrupted Lehman Brothers, is set to reap another small fortune from his investments in the defunct bank’s debt. Paulson & Co, Mr Paulson’s fund, […]
Meet The Hedge Fund Manager/Movie Producer Who Lost $500 Million Last Week
Business Insider – So far the biggest loser of the commodities dump is BlueGold Capital Management. Pierre Andurand’s $2.4 billion fund lost 20% last week, or $500 million, according to the Wall Street Journal. The losses are rough (his are […]
Ex-Galleon Trader Kimelman Wants Jury Told He Rejected Plea Deal With U.S.
Bloomberg – Former Galleon Group LLC trader Michael Kimelman said he wants jurors at his upcoming insider- trading trial to be told that he could have avoided jail by admitting guilt and rejected a plea deal because he’s innocent. Kimelman […]
Hedge Fund Poeple: Leah Modigliani Appointed Senior VP at Neuberger Berman
New York (HedgeCo.net) – $199 billion hedge fund solutions provider, Neuberger Berman Group LLC., has appointed Leah Modigliani as a senior vice president and multi-asset class strategist, reporting to Alan Dorsey, the firm’s head of investment strategy and risk. This […]
Chelsea Clinton’s husband Marc Mezvinsky opts to start his own private hedge fund this year: source
NY Daily News – The 33-year-old husband of Chelsea Clinton created a mini media firestorm early this year when news came that he left his job at New York hedge fund 3G Capital before the holidays to take an extended […]
DuPont confident on Danisco bid as hedge fund lurks
Reuters – U.S. chemicals group DuPont said it was confident its increased $6.4 billion offer for Denmark’s Danisco would succeed, after a hedge fund stoked uncertainty over the takeover. DuPonte affirmed on Tuesday that its revised bid of 700 Danish crowns ($134.1) […]