Monthly Archives: June 2011
Fund Investors Take a Hit from the Supreme Court
MoneyWatch – Last week the Supreme Court struck a blow against the rights of mutual fund investors, and in the process might have opened a Pandora’s box, providing corporate America a road map that will allow them avoid liability from investor […]
Pershing Square’s Ackman Said to Consider Selling Shares in Hedge Fund
Bloomberg – Bill Ackman, known for investing in companies to press for changes, is considering selling shares in a hedge fund to secure more permanent capital for investments, according to a person familiar with the matter. An initial public offering […]
Hedge funds and other buy-side firms concerned about the impact of central counter party clearing
Opalesque London – Regulatory changes in Europe and the US are driving buy side firms to focus on the management of their collateral according to a study published by risk solutions firm Algorithmics and Chromozome Consulting, a niche collateral management consultancy. […]
Third fund joins in tussle over troubled Healthcare Locums
Evening Standard – A third big investor today weighed in to the battle for the future of troubled recruitment group Healthcare Locums after last week’s revelations that a hedge fund was planning a deal that would massively dilute the holdings […]
Raj Rajaratnam Denied Retrial By Supreme Court
New York (HedgeCo.Net) – The Supreme Court on Monday denied jailed hedge fund manager Raj Rajaratnam’s request to have the appeal of his insider trading. Rajaratnam, who co-founded hedge fund Galleon Management and Chiesi, a former trader with New Castle Funds, face up to 20 years in […]
People Moves: Man Hires Three US Hedge Fund Specialists
New York (HedgeCo.net) – Hedge fund giant Man Group has appointed Lance Donenbergand Jordan Allen as Co-Chief Operating officers of Man’s US business. Donenberg and Allen report directly to Emmanuel Roman, Chief Operating Officer of Man Group. “Expanding our US business is a […]
Hedge Fund Mergers and Acquisitions: Vector, RAE, CITC, ING, Capital One
New York (HedgeCo.net) – Vector Capital, a global private equity firm specializing in the technology sector, has completed its acquisition of RAE Systems, Inc. a transaction valued at approximately $138 million. In connection with the transaction, Vector partnered with $2.2 […]
Ackman eyes ways to raise more permanent capital
Reuters – Hedge fund superstar William Ackman is considering creating a different investment vehicle that would allow him to raise fresh permanent capital for his activist bets while still giving investors access to their money, three people familiar with his […]
Networker Used Friends to Help ‘Hedge Fund Paymasters,’ U.S. Tells Jury
Bloomberg – A former Primary Global Research LLCconsultant got friends at Nvidia Corp. (NVDA) and Marvell Technology Group Ltd. (MRVL) to give her financial data she sold to her “hedge fund paymasters,” a prosecutor told a jury. “This was a brazen insider-trading scheme, and […]
Industry accepts new hedge fund fee
Cayman News Services – The government have introduced only one new revenue raising measure in the 2011/12 budget and it will be levied against the hedge fund sector. The new fee will apply to ‘master funds’ that form part of […]
PCA gets Hong Kong licence for $750 mln hedge fund
Reuters – PCA Investments has won an asset management licence from Hong Kong’s market regulator, clearing it to launch its planned hedge fund aimed at raising more than $750 million. PCA, or Principia Capital Advisors, received the licence on Thursday, […]
WaMu Settlement With Shareholders Over Reorganization Said to Collapse
Bloomberg – Washington Mutual Inc.’s agreement with shareholders, aimed at ending opposition to the company’s more than $7 billion reorganization proposal, has fallen apart, three people with direct knowledge of the negotiations said. The talks broke down over how to […]