Monthly Archives: August 2011
Citi Asia prime arm on hiring spree as hedge fund industry booms
Reuters – Citigroup Inc will raise headcount at its Asian prime finance unit by 20 percent to 80 this year as it looks to fight for more hedge fund clients in an industry dominated by the likes of Goldman Sachs Group […]
Former Marvell Technology Employee Ng Charged in Nationwide Insider Probe
Bloomberg – U.S. prosecutors charged former Marvell Technology Group Ltd. (MRVL) accountant Stanley Ng with conspiracy as part of a nationwide probe of insider trading involving so-called expert networking firms. Ng, 42, provided material non-public information to Winifred Jiau, a former […]
Paulson Loses 31% in Main Hedge Fund After August Rout
Bloomberg – John Paulson, the billionaire who is betting on an economic recovery by the end of 2012, lost 11 percent in the first week of August in his largest hedge fund, according to a person familiar with the firm. […]
Film Industry Experts Point Way to Indie Financing at Annual Film Finance Summit in New York
The 11th annual New York International Film & TV Finance Summit, presented by BNA / CITE will convene September 22nd -23rd, 2011, to explore ways in which independents can find financing to make, distribute, and market films – even in […]
Hedge Fund People Moves: Jeffery Moy, David M. Ratcliffe
New York (HedgeCo.net) Alternative management specialist Jeffery Moy has joined the Rockefeller Financial as Head of Private Equity, Moy will be responsible for oversight of Rockefeller Financial’s private equity and venture capital program, including the selection and review of third-party […]
BofA boss facing chillin’ grillin
New York Post – The bank chief, who agreed to an investor grilling today at the behest of one of BofA’s biggest shareholders, hedge fund manager Bruce Berkowitz of Fairholme Capital, will face an onslaught of questions about his firm’s […]
Hedge funds, oil bets decline most in six months
Gulf News – Hedge funds cut bullish bets on crude oil by the most in more than six months on growing concern that the faltering economic recovery will sap energy demand. The funds and other large speculators cut wagers that […]
A choice between risk and return? – Lipper
Reuters – Hedge funds have delivered decent risk-return results over the past ten years. And as transparency and liquidity increased post-credit crisis, they have regained their appeal as providers of absolute return opportunities for investors. In addition, an increasing lack […]
Audit Notes: Murdoch’s Board, Hedge Funds Selling
Columbia Journalism Review – Both the New York Post and Fox News maintain enemy lists. Almost anyone who has directly crossed these organizations, or who has made trouble for their parent company, will have felt the sting here. Threats pervade […]
U.S. Is Seeking Maximum Prison Term in Galleon Case
DealBook – Federal prosecutors recommended on Tuesday that Raj Rajaratnam, the hedge fund manager convicted of running a huge insider trading scheme, be sentenced to as many as 24 and a half years in prison. That term is the maximum […]
Och-Ziff Said to Rise Last Week as Some of Largest Hedge Funds Dodge Rout
Bloomberg – Och-Ziff Capital Management Group LLC (OZM) and Brevan Howard Asset Management LLP hedge funds advanced last week as some of the industry’s largest managers dodged the deepest slump for global stocks since 2008. Och Ziff, the $30 billion […]
Hennessee: Hedge Funds Protect Capital as Markets Decline
New York (HedgeCo.net) – The Hennessee Hedge Fund Index has declined -0.25% in July (+1.41% YTD), while the S&P 500 declined -2.15% (+2.75% YTD), the Dow Jones Industrial Average fell -2.18% (+4.89% YTD), and the NASDAQ Composite Index decreased -0.62% […]