Monthly Archives: August 2009
Now Pitching: A Hedge Fund
New York Post – Todd Stottlemyre, the former major league pitcher and the son of Yankees standout Mel Stottlemyre, is hoping to hit a home run moving from the diamond to the hedge-fund world. The 44-year old former member of […]
T. Boone Pickens’ Hedge Fund Concentrates on Energy, Drops Basic Materials
BP Capital Management’s second quarter SEC filing shows that the hedge fund manager is focusing solely on energy companies these days. While the firm’s founder and Chief Investment Officer T. Boone Pickens has been publically supporting clean energy technologies, his […]
Harvard seeks to manage more money internally: report
Reuters – Harvard University’s multibillion dollar endowment is adopting a strategy of selling off some holdings in hedge funds, private-equity firms and other money managers to bring more money under the control of internal investing staff over the next few […]
Abax to Follow Blackstone, CLSA With China Private Equity Fund
Bloomberg – Abax Global Capital Ltd., a Hong Kong-based hedge fund manager backed by Morgan Stanley, plans to start a private equity fund in China that invests in companies making environmentally friendly products such as clean energy. The yuan-denominated fund […]
Hedge funds in 2009 recovery
Cayman Compass – The average hedge fund recorded gains of 2.42 per cent in July data released by hedge fund data provider Hedge Fund Research shows. Hedge fund assets have increased on average by more than 12 per cent in […]
The fallacies of institutional investors
Stuff – As the collectivisation of middle class capital accelerated, a multiplicity of managed fund choices emerged to confuse the investor. There are active funds, passive funds, index funds, hedge funds, specialist funds trading in commodities, shares, junk debt, securitised […]
Ex-Aether Systems CEO David Oros launches hedge fund
Baltimore Business Journal – Former Aether Systems CEO David Oros has launched a $3 million hedge fund called Global Domain Vector Fund LLC, according to a Securities and Exchange Commission filing. Oros is managing director and chief administrative officer of […]
SEC Halts Phony Investment Fund By San Diego Fraudster
West Palm Beach (HedgeCo.net) – The Securities and Exchange Commission yesterday recieved permission to freeze the assets of Mohit A. Khanna, who alledgedly raised as much as $70 million from 300 investors though his fund, MAK 1 Enterprises Group, LLC. […]
Porsche offices raided in share probe
First Post – German prosecutors are investigating executives at the sportscar firm over allegations of share-manipulation. Porsche denied any disclosure irregularities but many hedge funds and investment management firms were left wrong-footed after it made a shock announcement that it […]