Author Archives: Editor
Pucci, Credaris Veteran, Starts $100 Million Credit Hedge Fund
Bloomberg – Gennaro Pucci, formerly head of trading at credit manager Credaris, has started a $100 million hedge fund that will trade mostly European corporate debt, credit derivatives and asset-backed securities. Christian Evans and Rachel Barnard, both formerly at UBS […]
Touradji Beaten by Commodity Indexes; Funds Lose Edge
Bloomberg – Hedge fund managers are trailing benchmark commodity indexes by the widest margin in four years after copper doubled and oil surged 58 percent. Touradji Capital Management LP, the second-biggest in commodities, earned 7 percent in its largest fund […]
Galleon Wiretaps Rattle Hedge Funds as Insider Trading Targeted
Bloomberg – First came the biggest bear market since the 1930s, then Bernard Madoff’s $65 billion Ponzi scheme and the threat of increased regulation. Now hedge funds have a new concern: getting caught on tape as the government expands its […]
Terror Victims Sue Hedge-Fund Founder
WSJ – A group of victims of terror attacks by Sri Lanka’s Tamil Tigers rebels filed suit against Raj Rajaratnam, the Galleon Group hedge-fund founder charged in an insider-trading case, accusing him of funding the Tigers’”crimes against humanity.” The suit […]
ECB warns on hedge-fund regulation
AFP – The European Central Bank has warned that European Union plans to regulate hedge funds and private equity groups could tilt the playing field against EU companies. The ECB’s position could influence the rewriting of proposed rules drafted by […]
Blackstone Is Said to Back Asian Hedge Fund Startup
Bloomberg – Nick Taylor, a former executive of Citadel Investment Group LLC, is preparing to open the largest Asia-focused hedge-fund startup since May 2007 after receiving the backing of Blackstone Group LP, said three people familiar with his plan. Senrigan […]
Rajaratnam Said to Have Planned Sri Lanka Fund Before Arrest
Bloomberg – Raj Rajaratnam, the founder of Galleon Group, planned to gauge interest in a $200 million Sri Lanka fund with a trip to London before he was arrested, said two people with knowledge of the matter. The Sri Lankan-born […]
Meltdown 101: How does a hedge fund work?
AP – The arrest of a billionaire in an insider trading case last week drew new attention to hedge funds — investment firms that, for many, evoke an exclusive world where the super rich use exotic investing techniques to grow […]
ECB says EU hedge fund plans could spark exodus
Reuters – The European Central Bank has warned that EU plans to tighten regulation of hedge funds and other alternative investors risk creating a two-tier playing field that could drive the industry out of Europe. European governments and the European […]
Hedge Fund Broker Dealer Expands With Hires of Jennifer Bloom and Catherine Wagner
New York (HedgeCo.net) – Broker dealer BTIG LLC, has expanded its Capital Introduction team with the addition of Jennifer Bloom and Catherine Wagner as Vice Presidents to help drive the firm’s services to its Prime Brokerage and Outsource Trading clients. […]
Hedge fund crackdown softened by Swedes
Guardian.co.uk – Sweden is trying to water down moves to toughen regulation of hedge funds and private equity firms before its EU presidency expires at the end of the year. In new proposals the Swedes have suggested withdrawing a cap […]
Hedge-Fund Assets Rose $34 Billion in September on Market Gains
Bloomberg – Hedge-fund assets increased by about $34 billion in September, a fifth straight monthly gain, helped by improved investor confidence and global stock market gains, Eurekahedge Pte said. Net inflows into hedge funds totaled $15.1 billion in September, while […]