Author Archives: Editor
US fund seeks management change at Charter Hall Office
Reuters – New York-based investment firm Orange Capital LLC plans wants to replace the management of Australian property trust Charter Hall Office REIT and plans to call an extraordinary general meeting, it said on Monday. Charter Hall Office has been […]
Barai founder admits guilt on insider trading
BusinessDay – Barai Capital Management founder Samir Barai has pleaded guilty to securities fraud and other charges as part of the US government’s largest crackdown on insider trading at hedge funds. Mr Barai, of New York, on Friday also pleaded […]
Ex-Fortress Stanley Ku plans hedge fund comeback with Complus
Reuters – Fortress Investment Group LLC’s former Hong Kong head Stanley Ku is setting up Complus Asset Management in his second attempt to break into the Asian hedge fund industry after closing Minerva Capital Management last year. Ku, a former […]
Two funds claim HSBC profited from Madoff Ponzi scheme
AHN – Two funds have filed a lawsuit against British bank Hong Kong and Shanghai Banking Corporation for profiting from hedge fund Bernard Madoff’s Ponzi scheme. Alpha Prime Fund and Senator Fund filed a claim against HSBC before a New […]
Some $100 billion locked up in “sliver’ of hedge funds
Investment News – Most hedge fund managers that stopped redemptions or put illiquid assets into emergency side pockets in 2008 and 2009 told investors that they needed two to three years to clear their portfolios so that they wouldn’t have […]
PerTrac Expands Hedge Fund Global Strategy and Marketing
New York (HedgeCo.net) – Hedge fund software provider PerTrac has added Lisa Corvese as Managing Director of Global Business Strategy and Jed Alpert as Managing Director of Global Marketing in response to the growth in hedge funds and the investment […]
EU watchdog eyes hedge funds, debt shorting
Reuters – Investors need more information on hedge fund risks, while planned European Union curbs on shorting sovereign debt could undermine regulatory credibility, the EU’s new securities watchdog said on Thursday. Steven Maijoor, chairman of the European Securities and Markets […]
Fire Your Hedge Fund, Hire Your Congressman
Barron’s – The Holy Grail of investing has been found: get elected to the U.S. Congress. According to an academic study published Wednesday in the journal “Business and Politics,” members of the House of Representatives outperform the average stock-market investor […]
Microsoft’s Ballmer must go, says hedge fund tycoon
Guardian – David Einhorn, the poker-playing hedge fund tycoon who made a fortune short-selling Lehman Brothers, has turned his fire on Microsoft boss Steve Ballmer, accusing one of the toughest executives in corporate America of being “stuck in the past” and calling for […]
Tudor Leads Hedge Funds Using Options to Bet on China as Jabre Buys Puts
Bloomberg – Paul Tudor Jones and Louis Moore Bacon, in a trade used by several hedge-fund managers in the first quarter, loaded up on options that pay off big if Chinese stocks rebound. Tudor Investment Corp. of Greenwich, Connecticut, and […]
Principia joins ex-Goldman Sze with $750 mln Asia hedge fund
Reuters – Principia Capital Advisors is set to launch a $750 million hedge fund later this summer, three sources familiar with the matter said, joining the ranks of former Goldman Sachs trader Morgan Sze’s blockbuster launch last month. Principia, named […]