Author Archives: Editor
Hedge Fund People: Crestone Capital Advisors LLC Names Jennifer Hardy Chief Compliance Officer
Crestone Capital Advisors LLC, an independent wealth management firm with a singular focus on serving ultra-high-net-worth individuals and families, announced that it has named Jennifer Hardy as Chief Compliance Officer. Ms. Hardy joined Crestone Capital Advisors in 2006 and most […]
Rajaratnam Hedge Fund Debacle Just “Tip of the Iceberg” For Rajat Gupta
New York (HedgeCo.net) – Being entangled with the Galleon hedge fund scandal was just the tip of the iceberg for former McKinsey partner Rajat Gupta, according to the 2011 July issue of Bloomberg Markets magazine. At McKinsey, a firm known […]
LinkedIn boosts IPO price range 30 percent
LinkedIn Corp, a website where professionals connect with one another, said its initial public offering will likely raise 30 percent more than previously expected, a sign that investors are eager to bet on social networking companies. LinkedIn now plans to […]
Insider trial jurors asked about Rajaratnam, bias
Reuters – In a trial of three New York securities traders on insider trading charges, several jurors told the judge on Tuesday they could consider the case separately and impartially from last week’s conviction of high-profile Galleon Group hedge fund […]
Dan Zwirn Seeks Comeback With Alda Three Years After Shutting Hedge Fund
Bloomberg – Daniel Zwirn, the New York investor forced to shut a $4 billion hedge fund because of client withdrawals, is starting over with a new publicly traded fund that will be safe from redemptions. Zwirn will help manage a closed-end […]
Sirius Hedge-Fund Sellers Outnumber Buyers
TheStreet – Sirius XM Radio was a popular pick for hedge fund managers to both buy and sell during the first quarter, a period during which the satellite-radio provider’s share price rose by only 2 cents. It’s rare for Sirius […]
Paulson Hedge Fund Takes $1 Billion Stake in Hewlett-Packard
BusinessWeek – Paulson & Co., the $36 billion hedge fund founded by John Paulson, took a stake in Hewlett-Packard Co. and increased its holding of Transocean Ltd., adding companies undergoing transformations to its bets on gold. Paulson bought 25 million […]
Citigroup’s Gain on Mortgage Hedge Fund Jumps as Volcker Trading Ban Looms
Bloomberg – Citigroup Inc. (C), which took a $45 billion U.S. bailout after losses on subprime home loans, is boosting profits from a hedge fund that bets the bank’s money on mortgage debt — a practice regulators plan to restrict. […]
Two Hedge Fund Managers Join Spring Mountain Capital
Spring Mountain Capital, LP (SMC), an investment management firm that focuses on alternative asset investing, today announced that Avi Faliks, Ph.D., and Jamie Weston joined the firm as Managing Directors in its private equity business. As senior members of the […]
Ex-Goldman trader’s $1 bln-plus fund makes modest start
Reuters – Former Goldman Sachs Group Inc star trader Morgan Sze’s multi-strategy hedge fund returned 0.3 percent in April, three sources familiar with the matter said, a modest start in the first month of its launch. By comparison, the Eurekahedge […]