Author Archives: Editor
Hedge fund charges skewed against investors – report
Reuters – An investor advisory group on Tuesday levelled fresh criticism at the high fees imposed by hedge funds and urged them to cut their take of gains on the assets they manage. The latest attack on an industry known […]
Ex-JPMorgan Asia-Pacific Stock Derivatives Head Plans Hedge Fund
Bloomberg – William Lee, who led JPMorgan Chase & Co. (JPM)’s Asia-Pacific equity derivatives business, plans to start his own hedge fund this year that will exploit mispricing in the region’s derivative markets and broad economic trends. Lee, 40, plans […]
Special Report – Inside Chesapeake, CEO ran $200 million hedge fund
Reuters – As chairman and CEO of Chesapeake Energy Corp, Aubrey McClendon has been a powerhouse in the vast U.S. natural gas market, directing the company’s multibillion dollar energy-trading operation and setting output targets for America’s second-largest producer. Behind the […]
Hedge Fund Launch: FH Emerging Markets Short Term Debt Fund LP
New York (HedgeCo.net) – FH International Asset Management LLC, the advisor to FH Emerging Markets Short Term Debt Master Fund, L.P. and its tax-exempt/offshore feeder, FH Emerging Markets Short Term Debt Fund, LTD, have today launched the FH Emerging Markets […]
Hedge Fund People Moves: Daniel McDermott Assumes Position As CEO At Brighton House Associates
New York (HedgeCo.net) – Massachusetts based Brighton House Associates (BHA) today announced that Daniel McDermott, the Founder of BHA, will assume the role of Chief Executive Officer. McDermott, a hedge fund industry veteran, launched BHA in 2007 and pioneered the concept of […]
Jana Fund Sees 52% Gain in Value of Barnes & Noble Stake
Bloomberg – Jana Partners LLC, Barry Rosenstein’s hedge fund that’s known for pushing for change in the companies it invests in, saw the value of its stake in Barnes & Noble Inc. surge 52 percent today after Microsoft Corp. said […]
Hedge fund boss to cut LightSquared role
Independent – The hedge fund manager Philip Falcone has agreed to scale back his role at the tottering wireless internet venture LightSquared as he fights to save the company from bankruptcy. Mr Falcone’s Harbinger Capital has sunk around $3bn (£1.8bn) […]
Man Group Has $1B Outflows on AHL Losses
BusinessWeek – Man Group Plc (EMG), the world’s biggest publicly traded hedge fund manager, said clients withdrew a net $1 billion in the first quarter and costs such as employee bonuses ate up more cash than analysts expected. The shares […]
Currency Trading Hedge Fund Manager C-View in International Asset Raising Push
Press Release – C-View, the UK-based discretionary currency trading hedge fund manager, announced that it has selected alternative assets marketing firm MCAM Group to raise capital for the C-View Currency Managed Account Program (CMAP) and for the C-View Emerging, Developing […]
Hedge Fund Mergers & Acquisitions: Deloitte Expands Into The Restructuring Marketplace
New York (HedgeCo.net) – Hedge fund advisory, tax and consulting company Deloitte LLP., has acquired all of the assets of financial restructuring company CRG Partners. “Despite an improving economy, there are still companies facing significant operational and financial challenges,” said David Williams, […]
US wants Rajat Gupta insider trading jury to hear Rajaratnam calls
IBN – Prosecutors want the jury in May’s insider trading trial of former Goldman Sachs director Rajat Gupta to hear three secretly-recorded phone conversations of Galleon Group hedge fund founder Raj Rajaratnam as evidence of the purported conspiracy between them. […]
Costa Rican Man Convicted In Half Billion Dollar Fraud Scheme With Victims Worldwide
Newsroom America – The president of a Costa Rican company that sold reinsurance bonds to life settlement companies has been found guilty of carrying out a half-billion-dollar fraud scheme that affected more than 2,000 victims throughout the United States and […]