Author Archives: Editor
Hedge-fund swindler faces pre-sentencing hearing today
LoHud (NY) – James Nicholson, a former Rocklander convicted of stealing millions of dollars from 400-plus hedge fund investors, takes the first step toward prison today at a pre-sentencing hearing in U.S. District Court. During the hearing, a prelude to […]
Hedge fund boss who found he couldn’t escape the regulator
The Independent – When Art Samberg pushed himself to climb Kilimanjaro in 2000, to celebrate his 59th birthday, he was already at the summit of the hedge fund world. In fact, he is sometimes called the grandfather of the industry, […]
City cheered as flagship fund leads recovery at Man
TimesOnline – The world’s largest listed hedge fund manager reported forecast-busting annual profits yesterday, boosted by a recovery in its flagship $21 billion AHL fund. Shares in Man Group, which last week snapped up its smaller rival GLG for $1.6 […]
Funds seek Midas touch with miners
Reuters – Top hedge fund stock pickers have extended their bets on gold, adding gold mining stocks to their investments in the precious metal. Last year, investors such as John Paulson and Richard Chilton piled into shares of the exchange […]
Man returns underscore rationale behind GLG move
Financial Times – Mixed returns and heavy redemptions from clients at Man Group underscored plans to acquire rival GLG Partners, management at the FTSE 100 listed hedge fund said in its full-year results released yesterday. Pre-tax profits at Man, one […]
Falcone makes big bet on food products
Reuters – A deal to combine Corn Products International and Bunge Ltd fell apart in 2008, but the two leading makers of agriculture and food products have been united this year in the $10 billion portfolio of hedge fund star […]
Gibraltar eyes larger hedge fund sector
City AM – Gibraltar is looking to grow as an international destination for hedge funds as the prospect of tighter regulation makes more exotic jurisdictions appear less attractive. Senior figures said the British territory, which is part of the European […]
Profiles highlight shortlisted hedge funds
Hedge Fund Review Magazine – For the Hedge Fund of the Decade Man Investments’ AHL Alpha, Quality Capital Management’s Global Diversified Programme, Nektar Asset Management’s Nektar Fund, the Rubicon Global Fund, the IKOS Hedge Fund and the Winton Futures Fund […]
April: “A solid month for hedge funds”
New York (HedgeCo.net) – Single-strategy hedge funds saw overall inflows of $2.7 billion in March, bringing flows into positive territory for the year of approximately $835 million through the first quarter, Morningstar, a leading hedge fund database reports. “April was […]
Hedge Funds Tip-off FBI in Disney Debacle
New York (HedgeCo.net) – In what looks like an muddled attempt at insider trading, a Disney press office secretary was accused of trying to sell Disney’s quarterly figures three days before they were due to be announced, TimesOnline reported. It […]
Higher Tax on Buyout Firm Managers Would Hit Hedge Fund Sales
Bloomberg – Private-equity firms, trying to derail legislation that would boost taxes on their leaders’ pay, are attacking a provision that would make it more costly for executives to sell their own management firms. The provision, which also would affect […]
Man Group Sees Opportunity to Grow Assets
WSJ – Man Group PLC said Thursday it has entered “a period of significant opportunity” in its business, adding that it has high expectations that its planned $1.6 billion acquisition of GLG Partners Inc. will help lift assets and market […]