Monthly Archives: June 2009
Brevan Howard Said to Spin Off Teams to Manage Two New Funds
Bloomberg – Brevan Howard Asset Management LLP, Europe’s largest hedge-fund manager, spun off groups of credit and currency traders to manage two new funds, people familiar with the situation said. Luke Ding, who trades foreign exchange for the flagship Brevan […]
Citadel in Rescue Talks With E-Trade, Report Says
New York Times Blogs – E*Trade Financial is in talks with Citadel Investment Group, the hedge fund that is its largest shareholder, about a deal to shore up the struggling brokerage firm’s balance sheet, The Wall Street Journal reported, citing […]
Hedge Fund Paulson & Co Buys $100 Million CB Richard Ellis Stock
West Palm Beach (HedgeCo.net) – Real estate services company, CB Richard Ellis Group, Inc. has reached an agreement to sell in a direct placement 13,440,860 shares of its Class A common stock for gross proceeds of approximately $100.0 million, to […]
Lord Rothschild dumps his son’s hedge fund Atticus
Telegraph.co.uk – RIT Capital Partners, Lord Rothschild’s investment vehicle, had £36.5m ($58.3m) allocated to Atticus at the end of March 2008, but the company’s latest annual report shows the money has been entirely withdrawn. The trust had invested in Atticus […]
When hedge funds lose their mojo
Alibaba News Channel – We’re not quite there yet, but hedge fund managers may soon need to start giving away toasters — or perhaps plasma TVs — to woo new investors. Forcing the funds to eat a little humble pie […]
Grail to Launch Active Single-Manager ETFs
Seeking Alpha – Grail Advisors, LLC, the investment advisor that launched the Grail American Beacon Large Cap Value Fund (GVT) last month, has filed with the SEC to launch four additional ETFs. Grail notes that these four funds will be […]
Ex Hedge Fund Trader Vs. Ex Wife, High Powered Hide and Seek
West Palm Beach (HedgeCo.net) – In a bizarre hedge fund story sent to me by a reader, an ex JP Morgan Director and ex trader for hedge funds Tudor and Brevan Howard has been traced by his ex wife’s investigators […]
Israel’s girlfriend sentenced to 3 years probation
Stamford Advocate – Debra Ryan, the girlfriend of Samuel Israel, convicted for his role in a $400 million fraud involving the collapse of Stamford-based hedge-fund firm Bayou Group LLC, was sentenced to three years probation for aiding his escape. Ryan, […]
Hedge Fund Managers Switch Strategies and Reap Rewards
New York Times – In mid-March, with the global stock markets plunging, Philippe Jabre, a hedge fund manager based in Geneva, started buying bombed out financial stocks in the United States, Europe and Asia. A procession of sleepless nights followed […]
SEC Requests Data From Two Dozen Firms in Pension Investigation
Bloomberg – The U.S. Securities and Exchange Commission is seeking information from more than two dozen pension funds, placement agents and other companies as it steps up an investigation into whether money managers made improper payments to win business. “The […]
UK has uphill struggle over EU fund rules
guardian.co.uk – Investment companies and private equity firms suspect that they have been caught up in a directive whose real aim was hedge funds largely because it is so difficult to define hedge funds. The Group of 20 leading […]