Monthly Archives: September 2012
Lasair Capital to wind down hedge funds of funds
Pensions & Investments – Lasair Capital, a woman-owned firm, is winding down its long/short equity focused hedge funds of funds, confirmed Carrie McCabe, founder and CEO, in an e-mailed statement. Lasair Capital was backed at its founding in 2008 by […]
Ex-Nomura trader assembles team for hedge fund launch
FN – The former global head of liquid markets proprietary trading at Nomura has set up a new hedge fund firm, LindenGrove Capital, and is preparing to launch a fund before the year is out. Borut Miklavcic has set up […]
Hedge funds back off banks as mutual funds dip in
Reuters – Hedge funds who have tried to make money out of European banks during the euro debt crisis are becoming frustrated with the sector””s erratic movements just as some bigger, and more patient, institutions are dipping tentatively back in. […]
Hedge Fund Due Diligence: FinCEN Announces a Roundtable Discussion
New York (HedgeCo.Net) – The Financial Crimes Enforcement Network (FinCEN) will host a roundtable discussion to continue gathering information on the Advance Notice of Proposed Rulemaking (ANPRM) on customer due diligence (CDD) requirements for financial institutions, published in the Federal […]
Hedge Fund Sponsored Man Booker Prize 2012 Shortlist
New York (HedgeCo.Net) – Deborah Levy, Hilary Mantel, Alison Moore, Will Self, Tan Twan Eng and Jeet Thayil are the six shortlisted authors in contention for the Man Booker Prize 2012. Sponsored by hedge fund giant Man Group PLC., the […]
Ultra High Net Worth Individuals’ Wealth Surpasses Combined GDP of US and China
New York (HedgeCo.Net) – Hedge fund research resource Wealth-X has launched the latest edition of its World Ultra Wealth Report. Highlights include: The world’s ultra wealthy population grew by 0.6% to reach 187,380 and their combined wealth shrank by 1.8% to reach […]
Wall Street Scams Get Personal in Richard Gere’s ‘Arbitrage’
Reuters – In the new film drama “Arbitrage,” Richard Gere brings shady Wall Street dealings to the big screen as a hedge fund titan trying to cover up huge losses from a risky copper investment. The scheming recalls real-life scandals […]
US and English courts differ over broker-dealer bankruptcy on out-of-the-money swap
Hedge Funds Review – Hedge funds should keep in mind differences in US and English regimes when structuring swap transactions and the disparate results possible under law if a broker-dealer swap counterparty is insolvent. Hedge funds rely on broker-dealers to provide […]
Why Hedge Funds Love News Corp.
Daily Finance – Value and growth investors often invoke the “invest in what you know” mantra. It’s a very shortsighted strategy that could put you into absolutely terrible companies, but it certainly has its merits as well. One interesting thing […]
Hedge funds see further profit from Glencore-Xstrata
Reuters – Hedge funds are betting that commodities trader Glencore will succeed in its battle for miner Xstrata, in a long-running deal that has been profitable for arbitrageurs and is still attracting funds looking to make money. Arbs, hungry for […]
Institutional investors turn to hedge fund managers for strategy, macro advice
Pensions & Investments – Hedge fund managers are becoming trusted advisers to their clients, adding the role of portfolio consultant to their investment duties for large and small investors. Institutional investors the world over are looking to the hedge fund industry for […]
Hedge Fund People: Dalia Cohen and Eric Storch Join Oak Hill Advisors
New York (HedgeCo.Net) – Dalia Cohen and Eric Storch have joined $15 billion hedge fund advisory firm Oak Hill Advisors, L.P. (OHA) as Managing Directors. Dalia Cohen joins as Managing Director and Head of Investor Relations. Ms Cohen joins OHA from JLL Partners, where she was head of marketing […]