Author Archives: Editor
People Moves: Butterfield Fulcrum expands its EMEA business development team
Press Release – Butterfield Fulcrum, a top five independent global hedge fund administration company, today announced the appointment of Edwin Parker as Director of Business Development for the EMEA region. Edwin will start in February 2011 and be based in […]
Barclays pension fund eyes credit hedge fund review
Reuters – The Barclays UK pension fund may review its 800 million pounds ($1.26 billion) exposure to hedge funds investing in credit as the scheme sets up its own asset management unit, its head of dynamic asset allocation said. The […]
Hedge funds ACPI and RMG head for High Court clash
Telegraph – ACPI, run by ex-Goldman Sachs colleagues Alok Oberoi and Brett Lankester, has filed a lawsuit against RMG Wealth Management, seeking to ban it from using what it alleges is confidential information gained from Stephen Greene. Mr Greene was […]
Hedge Fund Manager Raj Rajaratnam Appeal Blocked By Supreme court
New York (HedgeCo.net) – The US Supreme Court has rejected Raj Rajaratnam’s appeal. Rajaratnam, who co-founded hedge fund Galleon Management and Chiesi, a former trader with New Castle Funds, face up to 20 years in prison if convicted on the charges. Rajaratnam was taken […]
Hedge Funds Raise Bets on Commodity Rally to Highest Level in Four Years
Bloomberg – Hedge funds and large speculators increased their bets on a commodity rally to the highest level since at least 2006 as copper and gold gained to records. An index tracking speculative positions in 20 commodity futures in the U.S. […]
Hedge Funds Must Face Their Fear of Biotechnology
GLG – The hedge fund and prime brokerage industry, fixated on exploiting ‘market inefficiencies’ wherever they may be found in whatever form they may be found in, continues to avoid the most lucrative ‘inefficient market’ opportunity that exists, the biotechnology […]
Merchant, Clive Commodity Hedge Funds Quadruple Average Returns This Year
Bloomberg – Michael Coleman and Doug King’s Merchant Commodity Fund and Chris Levett’s Clive Fund posted returns in the first 11 months that were more than four times average gains by hedge funds and outperformed index investments. The $1.4 billion Merchant fund […]
ECB: large hedge funds to thrive as small players struggle
Reuters – Many smaller hedge funds will struggle to survive, whereas bigger funds are expected to grow, adding risk to the stability of the financial system, the European Central Bank said on Thursday. “In the period ahead, many smaller hedge […]
Trend of hedge funds acquiring talent from financial institutions may reverse in 2011
Opalesque Industry Update – Headhunting firm Carrington Fox predicts decline of candidate placements in Hedge Fund space as regulations tighten and banks offer securer salary propositions. The historical trend of Hedge Funds acquiring talent from Financial Institutions could be reversed going […]
Citi launches new hedge fund advisory business
Reuters – Citigroup Inc launched a new hedge fund advisory service on Thursday, aimed at providing business consulting and advisory services to hedge funds as investors are forcing the funds to build themselves into more sophisticated businesses. Much of the new […]