Author Archives: Editor
FrontPoint Health-Care Investors May Flee in Galleon Deja Vu
Bloomberg – FrontPoint Partners LLC may see investor withdrawals from its health-care hedge funds after a manager allegedly received nonpublic information about Human Genome Sciences Inc.’s. hepatitis-C drug Albuferon. “This fund will be subject to redemptions as the government will […]
Hedge Fund Managers’ Bonuses Projected To Rise 5%
Barron’s – A new study is forecasting that hedge fund managers should average about a 5% bonus this year. That’s on top of what they make in base salaries. The study, by Glocap Search and Hedge Fund Research, says that overall […]
Courage Capital adds Weeks and Hughes to manage equity strategies
Hedge Fund Review Magazine – Courage Capital Management has hired portfolio managers Brad Weeks and James Hughes to manage a pair of equity strategies. Both previously worked at Ergates Capital Management where they ran the Ergon Capital Fund. Weeks co-founded […]
Quinn future still in doubt as funds join crunch talks
Irish Independent More than 40 mainly US hedge funds are now involved in the crunch talks over the €1.3bn of debts at Quinn Group, but so far they have tabled no demand for shares in the Sean Quinn-owned company. Some of the […]
Penn Evaded Harvard Losses With `Defensive´ Fund, Marks Says
Bloomberg – The University of Pennsylvania, the Ivy League school founded by Benjamin Franklin, outperformed its wealthiest peers by avoiding many hard-to-sell assets such as real estate, former committee Chairman Howard Marks said. Penn held less in private equity and property, more […]
Pension Funds Predicted To Increase Hedge Fund Exposure
New York (HedgeCo.net) – Approximately 5% of pension plan assets are invested in hedge funds, Agecroft Partners, a global consulting and third party marketing firm for hedge funds reported today. Pension plans which have an approved allocation to hedge funds […]
French doctor accused in $30 million insider trading to save hedge fund
NY Daily News – A French doctor was charged with engaging in insider trading for using his position as an adviser for a liver disease drug test to save a hedge fund $30 million. Yves Benhamou, 50, was the “quintessential […]
Hedge Fund To Invest In Iraq Stock Exchange Equities
New York (HedgeCo.net) – Illinois-based hedge fund, Global Capital Investments, has launched the Iraq Fund L.P. Managing directors Abraham Merchant and Kenneth Kuhn plan to invest primarily in listed equities of the Iraq Stock Exchange (ISX) and up to 20% […]
Ex-Arisaig, CLSA Managers Team With Hedge-Fund Firm for Asia Consumer Fund
Bloomberg – Rory Dickson, previously a research head at Arisaig Partners, and Damian Kestel, formerly of CLSA Asia-Pacific Markets, have teamed up with Coupland Cardiff Asset Management to start an Asian consumer-related fund. The managers’ CC Asian Evolution Fund, which will invest […]
Och-Ziff’s Stock Soars As Hedge Fund’s Earnings Beat Street
Barrons – Hedge fund manager Och-Ziff Capital Management reported Tuesday that its third-quarter loss widened despite growth in assets under management. Still, the company’s stock was up 2.28% in early trading, or 34 cents, to $15.22 a share. Read Complete […]
Banks go toe to toe as Wall Street woos hedge funds
Reuters – The battle to be the top dog in the lucrative business of clearing trades and lending money to hedge funds is heating up as a handful of U.S. and European banks are intensifying their push into the space. […]