Author Archives: Editor
Texas ERS issues RFP for hedge fund consultant
HFM Week – The $21bn Employees Retirement System of Texas (ERS) has issued a request for proposal (RFP) for a hedge fund consultant as it prepares to invest $1bn of its assets into the sector. As exclusively revealed by HFMWeek […]
Background note on the alternative investment fund managers directive
European Parliament – Over a year in the making, the Alternative Investment Fund Managers (AIFM) directive – widely known as the “hedge funds” directive – is reaching the final stages of approval. This note answers some basic questions about what is to […]
Duquesne Alumni Plan New $5 Billion Fund
NYT – Stanley F. Druckenmiller’s former colleagues at Duquesne Capital Management are opening a new firm with $5 billion in assets, in what will be the second-largest hedge fund start-up ever, Bloomberg News reported, citing four people briefed on the plans. […]
Former Merrill Lynch Vice President Launches Hedge Fund IT Consultancy
New York – (HedgeCo.net) – Julian Croxall, an 18-year financial IT veteran and former Merrill Lynch Vice President, has formed a group, Cambridge CTO, to provide hedge funds and private equity funds with senior level technology management at a fraction of […]
Hedge Funds Rally to Two-Year High With 1.5% October Gain
Bloomberg – Hedge funds rose 1.5 percent in October, reaching the highest level in more than two years as global equity markets rallied, according to data compiled by Bloomberg. The Bloomberg aggregate hedge fund index increased to 117.13 last month, […]
SAC Capital, Biovail Finally Bury the Hatchet
Wall Street Journal – It isn’t exactly the Treaty of Paris, but it sure ends one of the nastier corporate tiffs. Valeant Pharmaceuticals and Steven Cohen’s hedge fund SAC Capital today agreed to settle a piece of their long-simmering legal spat over […]
Fortress third-quarter earnings beat estimates
Reuters – Fortress Investment Group (FIG.N) reported third-quarter earnings above analysts’ expectations on Friday, as a strong performance in its credit products and hedge funds boosted management fees. The New York-based hedge fund and private equity firm said pretax distributable income […]
SEC accuses L.A. hedge fund operators of bilking investors
LA Times – The Securities and Exchange Commission filed a civil lawsuit Thursday against two operators of a Los Angeles hedge fund, accusing them of making false statements about the fund’s performance and misappropriating more than $2 million of clients’ […]
Former China Pension Adviser, Prime Broker Start Hedge Fund
Bloomberg – A former senior adviser to China’s state pension fund and a former head of Morgan Stanley’s Asia prime brokerage business started a China-focused hedge fund this week that will bet on rising and falling Chinese stocks. JT Greater […]
October 2010: UCITS Hedge Fund Alternative Index Performance
New York (HedgeCo.net) – With 600 constituent hedge funds and fund of hedge funds totaling EUR 93 billion assets ($132.3 billion) under management, the UCITS Alternative Index Global Index performance is up 0.71% while the performance of the UCITS Alternative Index […]