Author Archives: Editor

Stakeholders seek wider choice from pension fund

Reuters – A potential 150 billion pounds fund covering British workers without pensions from 2012 should invest in alternative assets like property and hedge funds, a consultation of future stakeholders showed on Wednesday. Private equity and commodities should also be […]

Hedge fund lawyer runs for Congress, anti-big banks

Reuters – Hedge funds are far from popular, but one lawyer thinks Pennsylvania voters will support his calls for banning corporate bailouts, putting an end to “too big to fail” and taking the bulls-eye off fund managers. Christopher Paige, 38, […]

FINRA Fines Terra Nova Financial $400,000; Firm Made Over $1 Million in Improper Soft Dollar Payments

New York – The Financial Industry Regulatory Authority (FINRA) today announced that it has fined Terra Nova Financial, LLC, of Chicago, $400,000 for making more than $1 million in improper soft dollar payments to or on behalf of five hedge […]

Rajaratnam Says Government Case Against His Hedge Fund Is Unconstitutional

New York (HedgeCo.net) – The billionaire hedge fund manager is arguing that authorities violated his constitutional rights by taping telephone conversations between Rajaratnam and his clients, the Wall Street Journal reports. Hedge fund managers and stock traders have been closely […]

Samena Japan Hedge Fund Beats Topix on Recycler, New Managers

Bloomberg – Samena Japan Absolute Return Fund, a four-month-old, Japan-focused hedge fund, is beating the Topix index, betting on companies with new management and growing industries, including recycling and elderly care. The $17 million fund, which employs a so-called long-short […]

Hedge Funds May Account for 40% of Bank Capital, Report Says

Bloomberg – Hedge funds provided as much as 40 percent of the money raised this year by U.S. and European banks as they sought to offset losses and meet government capital requirements, according to Morgan Stanley. Financial firms have raised […]

Financial News: FRM To Give Up 10% Fee On New Launch

WSJ – A London-based investor in hedge funds is set to launch a product that will not charge any performance fees, as pressure mounts on a sector that made record losses last year. Financial Risk Management, a $9 billion (EUR6 […]

Jun Mihara Announces Launch of Asian Distressed Debt Hedge Fund

West Palm Beach (HedgeCo.net) Former Merrill Lynch banker Jun Mihara, 45, has announced plans to launch a fund to invest in Asian distressed debt.  Mihara was hired by Zais Group LLC of Red Bank, NJ last month to serve as its […]

Hedge funds may get $11 bln frozen at Lehman

Reuters – Lehman Brothers International (Europe), where more than $35 billion of hedge fund assets have been frozen since the bank’s collapse last September, could return about $11 billion to fund managers by March if enough firms approve a new […]

Major Shakeup at Hedge Fund Chieftain Investment Management

West Palm Beach (HedgeCo.net) – Several key leaders of investment manager Chieftain Capital Management  will be  parting  ways, according to a story published in the Wall Street Journal.  Personality conflicts appear to strike at the heart of the breakup.  According to […]

New Gold Bugs Taking Gold Mainstream

WSJ – Gold has long been favored by a fringe of the investment world, but this year some of the world’s leading hedge-fund managers have loaded up on the precious metal amid concern government efforts to avoid another Great Depression […]

Insparo Expands Africa Emerging Markets Fund

New York (HedgeCo.net) – UK-based emerging markets hedge fund firm, Insparo Asset Management has expanded their Africa & Middle East Fund with the appointment of Jamie Allsopp. Jamie has a strong background in fund management and African markets, garnered during […]