Monthly Archives: June 2011
Judge approves Dodgers’ hedge fund loan
MBL.com: LOS ANGELES — A bankruptcy judge on Tuesday granted interim approval of $150 million of hedge fund financing arranged by Dodgers owner Frank McCourt so the team can cover this week’s player payroll and all financial obligations through the […]
Hedge Fund Rules Will Protect Investors, Moody’s Says
DealBook – A reckoning for hedge funds could provide some long-awaited protections to investors, according to a new report by Moody’s. The Securities and Exchange Commission adopted a plan last week to require large hedge funds, private equity shops and the like to […]
China family swoops on RAB funds
FT London – One of China’s wealthiest families has swooped to acquire funds from the wreckage of London based RAB Capital in a move that will create one of the biggest new hedge fund startups this year. The deal will catapult one […]
Hedge Funds Seek a Slice of Japan’s $740 Billion Pension Funds After Quake
Bloomberg – Global hedge funds are vying for allocations from Japan’s corporate pension fund managers, who oversee about $740 billion and are seeking alternatives to stocks following the March earthquake. Prosperity Capital Management, the largest manager of Russia-focused funds with about […]
(Update) New York Hedge Fund Launch: The Long/Short Stanphyl Fund
New York (HedgeCo.net) – New York-based limited liability company Stanphyl Capital GP, LLC (Stanphyl) has launched a long/short equity hedge fund. The new hedge fund, Stanphyl Capital Partners, LP., launched earlier this month out of NYC. Managing member Mark Spiegel […]
Hedge Fund ‘Start-Up Kit’ Launch
SKCG Group, the risk management and insurance advisor to some of the world’s largest hedge funds, has designed a program for hedge funds that includes a ‘Start-Up Kit’ for emerging managers. The program grows in sophistication as the fund’s assets […]
Fund manager launches £900k claim against hedge fund
CityWire – Former Aberdeen Asset Management fund manager Stephen Ilott has launched legal action against hedge fund Bluecrest Capital Management for a £878,000 share of its profits after he was dismissed from the firm. Ilott claimed against Bluecrest and three of […]
Republican Romney to tap ex-pat wealth in London
Reuters – Republican presidential hopeful Mitt Romney takes his fund-raising machine to London next month, holding a reception aimed at wealthy American expatriates working at banks and hedge funds. A handful of London fund-raisers were held during the 2008 presidential […]
Google Probe, Hedge Funds Register, Rothesay Typo, Lee Farkas: Compliance
Bloomberg – New York and California are in the early stages of an antitrust investigation of Google Inc. (GOOG), along with Texas and Ohio, said a person with knowledge of the matter who didn’t want to be identified because the probe isn’t […]
Move to direct hedge fund investments boosting business for consultants
Pensions and Investments – The pace of searches and hires is up sharply this year for specialist and general consultants advising institutional investors on direct hedge fund investments. That increase is the result of the trend toward direct investment in […]
Analysis: Asia hedge funds sharpen focus on risk
Reuters – As chief risk officer of newly launched Vulpes Investment, Bert Verdicchio is one of a powerful emerging breed of professionals trying to make Asia’s fast-growing hedge funds safer for investors. Verdicchio is empowered to hedge or even exit […]