Monthly Archives: September 2011
Merkin funds win dismissal of Madoff lawsuits
Chicago Tribune – Three hedge funds run by New York financier and philanthropist Ezra Merkin won dismissal of civil lawsuits accusing them of being part of swindler Bernard Madoff’s massive fraud. In an order dated Friday and made public on […]
Asia hedge fund recovery set to stall as market slide bites
Reuters – Asia’s hedge funds industry is seen struggling to regain its pre-crisis size any time soon as the recent global market slump threatens to deter investors from making fresh allocations to them and delay new product launches. That is […]
Hedge funds seen sticking with gold despite sell-off
The Economic Times – The recent sell-off in gold may not be enough to make some hedge funds with long-term bull positions change their views that the metal is still one of the best bets for profit in a perilous […]
Hedge Fund Mergers And Acquisitions: Carlyle Group Acquires ITRS Group
New York (HedgeCo.net) – $153 billion hedge fund manager the Carlyle Group has acquired the financial monitoring systems group ITRS. “We are very excited about the prospect of working with Carlyle to support Kevin and his management team in growing the […]
ALTSO’s Annual Hedge Fund Charity Rocktoberfest
New York (HedgeCo.net) – The Eighth Annual Hedge Fund Rocktoberfest, the cornerstone fundraiser for children’s charity A Leg To Stand On (“ALTSO”), is taking place on Thursday, October 13 at 583 Park Avenue in New York City. Hedge fund managers […]
Morgan Stanley, Citigroup, Chinastockwatch.com, Gas Drilling in Court News
Bloomberg – Hedge fund Oasis Management LLC sued Morgan Stanley for C$9.5 million ($9.3 million) over options in Sino-Forest Corp. bought before the Toronto-listed timber company’s stock plunged 71 percent in two days in June. Morgan Stanley failed to settle the options […]
W. H. Mell Hedge Fund Reaches $45.8M
CBL – A hedge fund sponsored by W. H. Mell Associates has reached $45.78 million in investment. Gulfstream Opportunity Fund LP has attracted a pool of 34 investment interests since its debut in 2005. The fund gained nearly $19.5 million over […]
Calpers allocates $100m in first hedge fund seeding operation
Hedge Funds Review – US pension fund Calpers has seeded its first hedge fund, Breton Hill Capital, a Toronto-based global macro fund. It has also launched a search for companies to manage up to $2 billion. The California Public Employees’ Retirement […]
Yahoo Under Siege: As Hedge-Fund Raider Closes In, Founders Hint at Sale
Reuters – What had been a welcomed week out of the headlines for beleaguered Yahoo took a sharp turn late Friday, as a memo to the company’s employees from co-founders Jerry Yang and Dan Filo strongly hinted that Yahoo might […]
Hedge fund asset migration to Asia-Pacific leaps – survey
Reuters – About three-quarters of assets under the management of Asia-focused hedge funds are managed by fund managers based in the region, up from about 60 percent three years ago, according to a survey by industry tracker AsiaHedge released on […]
The Tricky Art of the? Hedge Fund Handoff
Business Week – Bruce Kovner is betting he can pull off what eluded Stanley Druckenmiller and George Soros: keeping his hedge fund firm alive after he moves on. On Sept. 13, Kovner named Chief Investment Officer Andrew Law, 45, to run […]
Harvard Endowment Rises 21% as Hedge Funds, Commodities Gain
Bloomberg – Harvard University, the world’s richest school, said its investments rose 21 percent in the past year, outperforming benchmarks and extending the rebound from record losses in 2008. The value of the university’s endowment climbed $4.4 billion to $32 […]