Author Archives: Editor
Venezuelan workers caught up in Conn. Ponzi scheme
BusinessWeek – The fallout from the biggest white-collar federal prosecution in Connecticut is being felt a continent away in Venezuela, where the government had invested hundreds of millions of dollars from a state oil workers’ pension fund with a now […]
Citadel Said to Shut $200 Million Fund After Manager Leaves
Bloomberg – Citadel LLC, the $11 billion hedge fund run by Ken Griffin, is shutting one of its residential mortgage funds after Bill King, the portfolio manager, left the Chicago-based firm, according to three people familiar with the situation. King, […]
IMS Group calls time for compliance for US based hedge funds
Opalesque Exclusive – A timely reminder that the SEC deadline for hedge fund registration is creeping upon us comes from Jon Wilson, director of project consulting, at compliance consultancy and professional financial services firm, The IMS Group. Based in London […]
Activist hedge fund wins Ameron board seat
MarketWatch – Activist hedge fund firm Barington Capital Group won a seat on the board of industrial company Ameron International Corp. on Wednesday, ending a heated proxy battle that began more than a year ago. James Mitarotonda, head of Barington, […]
Warren Buffett’s Berkshire Hathaway rocked after heir apparent resigns
Guardian – David Sokol, long considered the most likely candidate to succeed the billionaire investor as the head of Buffett’s Berkshire Hathaway, resigned after purchasing shares in an oil company that he suggested Buffett should buy. But Buffett moved to scotch […]
Galleon Roundup: Inside Top Hedge Fund Manager’s Secret Emails
New York (HedgeCo.net) As the Galleon insider trading enters into its third week, jurors are hearing recordings of hedge fund billionaire Raj Rajaratnam’s wiretapped conversations and more of Rajaratnamn’s colleages are being named in the largest insider trading case in US history. Out […]
Hedge Fund Research: Secondary Market Continues to Rise
New York (HedgeCo.net) – The secondary market has seen the return of stability at the start of 2011, with February showing an increase in the average trade price for the second consecutive month, according to hedge fund market data provider, […]
Abu Dhabi Capital Management Launches Secondary Private Equity Fund
UAE – Abu Dhabi Capital Management has announced the launch of its first fund: the ADCM Secondary Private Equity Fund, which has a target size of USD 100 million. The Fund had its first closing of USD 30 million earlier […]
SEC to watch hedge funds that beat the market
Marketplace – The Securities and Exchange Commission has been trying to get its hands on hedge funds for years, bring them inside the regulated world that most other traders and markets have to live in. That hasn’t worked out so […]
Currency Hedge Funds Flat In February
WSJ – Foreign-exchange hedge funds’ performance was flat during February, data from the Parker FX index showed Wednesday. — Foreign-exchange hedge funds post 0.06% return in February — 36 of 65 funds reported positive returns — Data indicate funds were […]
Hedge funds turn in poor first quarter results
Investment International – Hedge funds are ending the first quarter of 2011 giving investors less than they would have got from simply buying stocks and hanging on to them, belying their reputation as being at the cutting edge of money […]
Hedge fund investor pushes for changes at National Express
Guardian – American hedge fund Elliott Advisors is demanding a boardroom shakeup at transport group National Express, where it has built a 17% stake. The activist investor has written to shareholders of the British transport group asking them to vote for […]