Monthly Archives: June 2013
Hedge-Fund Firm Distributed AutoNation Shares to Investors
Wall Street Journal – Hedge-fund manager Edward Lampert is facing some unhappy investors. His firm, ESL Investments Inc. distributed 9.1 million shares of AutoNation Inc. to investors to meet their requests to withdraw money from his hedge fund, according to […]
Sen. Warren Calls For Tough Cross-Border Swap Rules
HedgeWorld – Democratic Senator and Wall Street critic Elizabeth Warren is urging federal regulators to “show some backbone” and stick to their proposal for how new derivatives rules will apply to foreign banks who do business with U.S. companies. “If […]
Todd Newman’s Insider Trading Conviction, Hedge Funds Take Heed
Forbes – Todd Newman (Diamondback Capital) and Anthony Chiasson (Level Global) were both convicted in December of trading, and profiting, on inside information they gained from analysts who worked for them. The jury believed, as many juries do believe these […]
Brevan Howard currency manager to leave hedge fund – source
Reuters – The manager of Brevan Howard’s $570 million (364 million pound) currency fund is among a number of traders leaving the hedge fund firm because of underperformance, a source with knowledge of the matter said. Luke Ding headed up […]
Citi’s ATD Market-Making Unit Chief Moving to Citadel
Reuters – Citadel LLC has hired Jeff Martin, head of Citigroup Inc.’s Automated Trading Desk, to head sales for its market-making unit, the companies said on Thursday [June 13]. Mr. Martin, chief executive of ATD, Citi’s equities market-making unit, is […]
SEC Bars Imprisoned Level Global and Diamondback Hedge Fund Managers
New York (HedgeCo.Net) – The SEC, in a parallel civil claim, has barred hedge fund managers Anthony Chiasson and Todd Newman from associating with investment advisers, broker-dealers and other entities registered with the SEC. In the original criminal case, Level Global’s Chiasson was […]
WF Asia Fund Wins Best Asian Hedge Fund Award
New York (HedgeCo.Net) – Over 300 hedge fund players showed up to commemorate 70 of the best performing Asian hedge funds for 2012. The Eurekahedge Asian Hedge Fund Awards 2013 marked the 10th anniversary of the event. This year saw a total of […]
Hedge Funds Advance with Equity Markets
Hennessee Group LLC announced today that the Hennessee Hedge Fund Index advanced +1.79% in May (+7.00% YTD), while the S&P 500 advanced +2.08% (+14.34% YTD), the Dow Jones Industrial Average increased +1.86% (+15.35% YTD), and the NASDAQ Composite Index climbed […]
Government’s hedge fund adviser profits from the rise and fall of RBS
Telegraph – There is a certain irony in financier Davide Serra advising the Government on improving “viability” at RBS. Serra was in the cabal of hedge funds that gobbled up shares in ABN Amro in the run-up to the acquisition […]
Mariner adds 3rd hedge fund on Alaska Permanent incubation platform
Pensions & Investments – Mariner Investment Group added a third strategy to the hedge fund incubation platform it manages for the $46.1 billion Alaska Permanent Fund Corp., Juneau. Peter van Dooijeweert was hired as lead portfolio manager of the new Mariner […]
Goldman Sachs Ranks As Top Hedge Fund Prime Broker
New York (HedgeCo.Net) – Goldman Sachs is again the most popular choice for hedge funds in the Americas, topping the annual Absolute Return prime brokerage rankings for the second consecutive year. J.P. Morgan stuck to the second spot, while Credit Suisse leapfrogged over […]
Brevan Howard Currency Trader Luke Ding Said to Leave Hedge Fund
Bloomberg – Luke Ding, who managed a currency hedge fund at Brevan Howard Asset Management LLP, is leaving the firm, according to a person with knowledge of the matter. Brevan will speak with investors before deciding whether to shut down […]