Monthly Archives: May 2009
Tales From the Hedge Fund Crypt
Reuters – What is it about siblings and the White House? Jimmy Carter had Billy, Hillary Clinton had Hugh Rodham, and George W. had Neil Bush. If Abel got elected president, it’s a near-certainty that Cain would have skipped the […]
California Investment Agent Pleads Guilty in NY Probe
American Chronicle – A Los Angeles businessman has pleaded guilty to corruption charges in a pension fund scandal that began in New York and is heading west. Julio Ramirez Jr.’s guilty plea to securities fraud, revealed Tuesday in New York, […]
BNY Mellon is Hedge Fund Administrator of The Year, Wins 7 Awards
West Palm Beach (HedgeCo.net) – Along with an award for Hedge Fund Administrator of the year for their alternative investment services (AIS), the Bank of New York Mellon received 6 other awards at the International Custody & Fund Administration (ICFA) […]
Hedge Fund Incubation and Seeding. A perspective for 2009
hedged.biz – In 2006 if someone suggested that it was a good idea to be seeding and incubating hedge funds, I would have been highly skeptical. Managers who were any good were raising large amounts of capital on their own on […]
David Geffen loses bid for stake in New York Times
PerthNow – Mr Geffen tried to acquire a 19 per cent stake in the New York Times Company that was held by Harbinger Capital Partners, the activist hedge fund, but was rebuffed, it emerged overnight. Since 1896, the newspaper has […]
Switzerland Beats London as Home for Mobile Rich, Says Scorpio
Bloomberg – Switzerland is the world’s most attractive financial center for the “mobile wealthy,” beating London, Singapore and New York, according to a new survey by Scorpio Partnership. The Alpine nation ranks highest for economic and political stability, legal issues, […]
AIG trustee aids offshore hedge funds
The battered insurance giant AIG returns to Capitol Hill Wednesday facing another frosty reception in Congress – where three AIG trustees appointed by the U.S. government will make their public debut amid growing skepticism over their role at the company. […]
Trustee pursues Cayman Islands hedge fund
Caribbean Net News – Cayman Islands hedge fund Harley International Ltd withdrew $425 million from swindler Bernard Madoff in the three months before his arrest, according to a lawsuit seeking more than $1 billion from the fund. The lawsuit on […]
Hedge fund turmoil a boon for family offices
Guardian Unlimited – Tumbling markets and redemption waves have been murder on hedge funds, but the turmoil will free up top-tier talent for a quiet but well-heeled corner of the market: family offices. The world’s wealthiest, not content to hand […]
Ospraie’s Anderson to Give Commodities Hedge Funds Another Try
Bloomberg – Dwight Anderson, the commodities investor who liquidated his main Ospraie Fund last year after losing 39 percent, is planning a comeback with two new hedge funds set to open July 1. The Ospraie Equity Fund will buy and […]