Monthly Archives: June 2011
Hedge Fund Mergers: The Carlyle Group to Purchase 55% Stake in Emerging Sovereign Group
New York (HedgeCo.net) – $106.7 billion global hedge fund manager The Carlyle Group has agreed to purchase a 55% stake in $1.6 billion Emerging Sovereign Group (ESG), a New York-based emerging markets equities and macroeconomic strategies investment manager, in exchange for […]
Hedge funds cut short positions as European Union ponders more regulation
Hedge Funds Review – Hedge funds have more than halved their levels of securities borrowing amid fears over pending regulation affecting shorting being discussed by the European Union. Hedge fund managers have severely cut back on securities borrowing for shorting positions […]
Mystery hedge fund targets PGC
NBR – Canterbury’s Pyne Gould Corporation, which merged its finance unit Marac into the newly formed Heartland New Zealand, has attracted the attention of a Californian hedge fund. The Californian’s reputation proceed them; the Baker Street fund is known for making […]
FRM Capital Advisors seeds event-driven hedge fund Eagle River
Opalesque Industry Updates – FRM Capital Advisors, the hedge fund seeding division of Financial Risk Management, and Eagle River Asset Management LLC have formed a strategic relationship under which FCA has made a significant investment in Eagle River’s fund. The […]
Ex-DKR Fischer aims to raise up to $1 bln in hedge fund-source
Reuters – Seth Fischer, who once managed $3.3 billion for DKR Soundshore Oasis Fund, will open his multi-strategy hedge fund in late summer to external investors, aiming to raise up to $1 billion, a source with direct knowledge of the […]
Carlyle Acquires 55% of Tiger-Backed Emerging-Market Fund
Bloomberg – Carlyle Group agreed to buy a 55 percent stake in Tiger Management LLC-backed Emerging Sovereign Group LLC, which oversees $1.6 billion in assets, its second purchase of a hedge-fund manager in six months. ESG’s principals, including Kevin Kenny, […]
Indian-American hedge fund manager had at least 8 tipsters
Economic Times – At least eight people provided Samir Barai , Indian American owner of Barai Capital Management , with non-public information about technology companies, a former company analyst has testified. Former analyst Jason Pflaum also testified Tuesday in federal […]
‘Beau’ Taylor’s Commodity Hedge Fund Said to Top $500 Million
San Francisco Chronicle – he Taylor Woods Master Fund Ltd., a commodity hedge fund provided with about $150 million in startup capital by Blackstone Group LP last year, has grown to more than $500 million, a person with direct knowledge of the […]
Bloomberg to Reveal Top 50 Financial/Hedge Fund People
New York (HedgeCo.net) – Bloomberg Markets Magazine has announced plans to unveil an exclusive list of the most influential people who move the world’s markets, Bloomberg Markets 50, in their October 2011 issue. The list will include business and financial […]
Regulation could see schemes withdraw from sec lending market
Global Pensions – Pension funds could once again retract from securities lending again if they are included in European proposals which would tag lenders as ‘short sellers’, according to the trade body for securities lenders. Pensions have re-expanded their lending […]
Hedge funds hunt for exits in oil
Commodities Now – “Follow the money,” FBI Deputy Director Mark Felt (“Deep Throat”) told Washington Post reporters Bob Woodward and Carl Bernstein during their investigation into the Watergate break ins. It remains good advice for participants in commodity markets. Most […]
‘Virtual Servant’ Danielle Chiesi Seeks Lighter Sentence in Galleon Case
Bloomberg – Danielle Chiesi, claiming her former boss at New Castle Funds LLC used their “toxic” sexual relationship to manipulate her into feeding him inside tips, asked a judge to sentence her to less prison time than he got for […]