Author Archives: Editor
Ohio Highway Patrol pension fund picks up Pinnacle to run hedge funds of funds
Pensions & Investments – Ohio State Highway Patrol Retirement System, Columbus, hired Pinnacle Asset Management to run $10 million in a hedge fund of funds, Dan Weiss, executive director of the $692 million system, confirmed in an e-mail. An RFP was issued […]
EU proposals for credit ratings rules require close monitoring by hedge funds
Hedge Funds Review – The European Commission has proposed new rules for the issuance and use of credit ratings, including requirements that hedge fund managers look beyond ratings when evaluating credits. Proposals for rule changes on the issuance and use of […]
Hedge fund compliance officer banned for post-Lehmans failings
IFA Online – The FSA has banned a hedge fund manager and fined him £14,000 for failing to spot attempts by an employee to hide huge losses caused by the collapse of Lehman Brothers. Dr Sandradee Joseph was compliance officer […]
How can one Independent Director serve 567 hedge funds?
Opalesque – According to Taxjustice.blogspot.com, a Financial Times investigation on Independent Directors of hedge funds reveals that at least four individuals hold more than 100 non-executive directorships each, and 14 have more than 70 – each worth as much as $30,000 a […]
Jefferies blames lies, hedge funds as shares plunge
Times Colonist – New York-based investment bank Jefferies Group Inc. lashed out at “malicious lies” spread by unnamed hedge funds Monday, blaming them for a plunge in its stock that has sent shares to three-year lows. In a letter addressed […]
Winton Gets 10% of All New Money as Investors Flock to Biggest Hedge Funds
Bloomberg – Winton Capital Management LLC, the London-based firm founded by David Harding, collected more than a 10th of the cash flowing into hedge funds this year as a handful of managers dominated money-raising. Winton, with $26 billion in assets, […]
Hedge Fund Research:: November notifications up 3.44%
New York (HedgeCo.net) – The GlobeOp Forward Redemption Indicator for November 2011 measured 3.44%, up from 2.51% in October. “We expect fund redemption requests to increase as year-end approaches,” said Hans Hufschmid, chief executive officer, GlobeOp Financial Services. “January is […]
Ex-FrontPoint fund manager to serve 5 years prison
Reuters – Former FrontPoint Partners hedge fund manager Dr. Joseph “Chip” Skowron was sentenced to five years in prison on Friday for his role in an insider trading scheme. Skowron, one of the most prominent investors to become embroiled in […]
New Yorker Profiles Hedge Fund Tech Maestro Peter Thiel
New York (HedgeCo.net) – In the upcoming issue of The New Yorker, writer George Packer profiles hedge fund and venture-capital entrepreneur Peter Thiel. The article “No Death, No Taxes” comes out on November 28th. His venture-capital firm, Founders Fund, has an […]
Women-Owned Fund of Hedge Funds Participates in White House Forum
Kimberly Mounts, Managing Partner of MAP Alternative Asset Management Company, a women-owned Fixed Income Fund of Hedge Funds, was one of 120 business leaders who participated in a White House Business Leaders’ Forum recently in Washington, DC. The forum brought […]
Winton Capital Said to Pull in 10% of Hedge-Fund Cash This Year
Bloomberg – Winton Capital Management LLC, the London-based firm founded by David Harding, collected more than a 10th of the cash flowing into hedge funds this year as a handful of managers dominated money-raising. Winton, with $26 billion in assets, […]
Bipartisan committee expected to announce on Monday that efforts to forge a $1.2 trillion deficit reduction plan have failed
Guardian – The bipartisan committee tasked with reducing America’s $15tn (£9.5tn) budget deficit looks close to admitting defeat as its deadline looms. The committee, created in August, has until Wednesday to report a plan to cut $1.2tn from the nation’s deficit. […]