Author Archives: Editor
Hedge fund industry extends record asset level with 2Q inflows
Opalesque – Investors continued to allocate new capital to hedge funds through and despite the volatile performance environment in 2Q11, as new allocations to the hedge fund industry totaled nearly $30 billion in 2Q11, according to data released today by […]
S.Korea wealth fund aims to grow alternative investments
Reuters – South Korea’s $46 billion sovereign wealth fund aims to expand alternative investments in areas like commodities and private equity, its new chief executive said on Tuesday, pledging to strengthen ties with foreign private equity and pension funds. Korea […]
UBS’s Investment Banking department has made approximately 65 senior hires so far this year, including 15 MDs
UBS Appointment: Head of the Equity Capital Markets Financial Institutions Group, Americas We are delighted to announce that Jeff Evans will join UBS as a Managing Director and Head of the Equity Capital Markets Financial Institutions Group reporting to Tom […]
People Moves: Hedge Fund Veteran Doug Moore Joins Agecroft Partners
New York (HedgeCo.net) – Hedge fund firm Agecroft Partners, has hired hedge fund veteran Doug Moore as a Managing Director. Moore has over 14 years of institutional hedge fund experience, his responsibilities will include: assisting with due diligence on potential […]
Soros hedge fund moves to 75% cash
Investment Week – George Soros’ $25.5.bn Quantum Endowment hedge fund is sitting on 75% cash after the portfolio pulled back from the market following a 6% loss last year, Bloomberg reports. Fund manager Keith Anderson has decided to step back […]
Hedge fund exec testifies in WaMu bankruptcy, denies shareholder insider trading allegations
Washington Post – A hedge fund executive is denying allegations from Washington Mutual shareholders that his firm used confidential information gained in WaMu’s bankruptcy case to trade in its securities. Dan Gropper of Aurelius Capital Management testified Monday that Aurelius […]
Ex-Galleon Fund Manager Cardillo Ordered to Pay $68,000 in SEC Suit
Bloomberg – Michael Cardillo, who pleaded guilty in the Galleon Group LLC hedge-fund insider trading case, was ordered to pay more than $68,000 as part of a U.S. Securities and Exchange Commission suit. Cardillo pleaded guilty in January to securities fraud […]
New Yorker Review: Ray Dalio And His Hedge Fund
New York (HedgeCo.net) – In the July 25, 2011, issue of The New Yorker, in “Mastering the Machine”, John Cassidy talks to Ray Dalio and gets an exclusive look inside Bridgewater Associates, the world’s biggest hedge fund, of which Dalio […]
Hedge Fund Association Launches Europe’s First Smaller Managers’ Group
New York (HedgeCo.net) – The Alternative Investment Management Association (AIMA), the global hedge fund association, has created the AIMA Smaller Managers’ Group for AIMA’s European hedge fund managers with $250 million or less in assets under management. “It is well […]
Board games
The Lawyer – Independent directorships for hedge funds are in the spotlight as investors express concerns about governance. One of the last real operational areas of concern in the world of offshore hedge funds has to be the issue of […]
Hedge funds targeted in US debt talks
GFS News – With just five days to go until a deadline imposed by President Barack Obama to reach a deal on US debt, Republican and Democrat leaders are still bitterly at odds over proposed tax hikes. On Saturday, in […]