Author Archives: Editor
Paladyne Implements Thirty Global Hedge Fund Start-Up Managers in 2010
New York (Press Release) – Paladyne Systems, Inc., announced a new bundled offering known as Paladyne FastStart™, to address the operational and budgetary requirements of today’s start-up and growing hedge funds. The solution combines Paladyne’s firm-wide technology platform, with a […]
Middle East private equity group launches hedge fund business
Hedge Funds Review – Dubai-headquartered private equity group Abraaj Capital has announced the launch of an independent asset management business that will invest in the Middle East, North Africa and South Asia (Menasa). Menasa Capital Management launched with $350 million […]
FRM Capital Advisors enters strategic relationship with Sensato Capital Management
Opalesque – FRM Capital Advisors (FCA), the hedge fund seeding division of Financial Risk Management (FRM), and Sensato Capital Management LLC (Sensato) have formed a strategic relationship which involves FCA investing up to US$50 million with Sensato. Sensato was founded in […]
SEC Officials Join Hedge Fund Industry
Emii – Two staffers have or are due to leave the Securities and Exchange Commission for compliance positions in the hedge fund industry. Fortress Investment Group has hired Andrew Walsh, at present an accountant with the SEC’s New York examination […]
OGI Capital Hires Ex-Alfred Berg Manager Blomberg for Macro Hedge Fund
Bloomberg – OGI Capital Partners Ltd. hired Marcus Blomberg, a former fund manager at Alfred Berg Asset Management AB, as a trader to help expand its global macro fund. Blomberg, 35, will join the firm next month and report to […]
Ex-OCBC Derivatives Trader Tey Starts Hedge Fund Backed by China Investors
Bloomberg – Solaris Asset Management, co-founded by the former head of equities derivatives at Oversea-Chinese Banking Corp., is starting a hedge fund with money from investors in China. The Solaris Capital SPC Equity Arbitrage Fund will start trading with S$30 […]
Hedge Fund Fraud: Nadel Sentenced To 14 Years
New York (HedgeCo.net) – Florida hedge fund manager Arthur Nadel was sentenced to 14 years at the same prison where Bernie Madoff is serving his 150 year sentence. Nadel’s lawyer argued for five years because of his client’s heart condition, […]
Morningstar: Hedge Funds Up 7.6% Over The Third Quarter
New York (HedgeCo.net) – September closed out a profitable quarter for hedge funds. The Morningstar 1000 Hedge Fund Index rose 5.2% in September and 7.6% over the third quarter, while the currency-hedged Morningstar MSCI Composite Index climbed 2.8% for the […]
Hedge fund Seneca Capital opposes Dynegy deal
Reuters – Seneca Capital, a hedge fund that owns about 9.3 percent of Dynegy’s shares, on Thursday said it believes Blackstone Group’s price to buy the struggling power company is too low, joining billionaire investor Carl Icahn in opposition to […]
Orix Aims to Double Mariner Hedge Fund Assets to $20 Billion in Five Years
Bloomberg – Orix Corp., a Japanese financial services company, aims to double assets managed by the U.S. hedge fund it is buying within five years to more than $20 billion to capitalize on rising demand from pension funds. Orix USA […]
Financial Markets Releases Money Market Funds Report
Washington – The President’s Working Group on Financial Markets (PWG) today released a report detailing a number of options for reforms related to money market funds. These options address the vulnerabilities of money market funds that contributed to the financial […]