Author Archives: Editor
Pension fund sees ‘trend’ of growth, sheds four hedge fund managers
Boston – The state pension fund climbed 2.6 percent in September to finish the month with a $41.5 billion balance, according to a preliminary staff assessment. “I feel a lot better this year than I did a year ago. Last […]
Massachusetts state fund drops 4 hedge fund firms
Reuters – Massachusetts will remove $1.6 billion from hedge fund managers Blackstone, Crestline, EIM Management, and Strategic Investment Group as it shifts its investment strategy after suffering recent heavy losses. Trustees for the roughly $40 billion fund voted on Tuesday […]
Hedge Fund Manager Gets 7 Years For Fraud
New York (HedgeCo.net) – Hedge fund manager Michael C. Regan was sentenced in a federal court in Brooklyn, N.Y. to seven years in prison for fraud. Just last June, Regan settled charges with the SEC on another of his hedge […]
Wealthy Investors Still Like Hedge Funds But Are More Discerning
FP – “We see continued dedication to hedge funds,” Catherine Keating, chief executive of JP Morgan Chase’s private bank, told Reuters. “The things our clients are focused on are how does that hedge fund generate its returns? How much is […]
Fund inflows gather pace in Sweden
CityWire – During the first three quarters of 2009 the total net inflow into investment funds amounted to SEK 70 billion (€6.8 billion) (over $10 billion). September became the tenth month in a row for net fund inflows. Equity funds have received the bulk […]
Capmark Financial bankruptcy due soon: source
Reuters – Capmark Financial Group Inc., the commercial real estate company created through a 2006 leveraged buyout of certain GMAC assets, is preparing to file for bankruptcy possibly by the end of next week, according to a source with direct […]
Hedge Fund Manager’s Email Scrutinised For Knowledge of Downturn
New York (HedgeCo.net) – The jury selection has begun for the trial of two former Bear Stearns hedge fund managers, Matthew Tannin and Ralph Cioffi, over the alleged hedge fund securities and wire fraud. Although the prosecution alleges that the […]
Caxton Venture Lucidus Said to Start $500 Million Hedge Fund
Bloomberg – Lucidus Capital Partners LLP, a new joint-venture of hedge fund manager Bruce Kovner’s Caxton Associates LLC, has raised about $500 million for a high-yield debt hedge fund, three people familiar with the situation said. Darryl Green, chief executive […]
Russians gripped by YouTube video claims of government role in hedge fund scam
Guardian.co.uk – Thousands of Russians are watching a YouTube video that accuses their government and officials of high corruption. A Russian version of a video by Hermitage Capital, the London-based hedge fund claiming to be victim of a $230m (£146m) […]
Gulfmena Arab Opportunities Hedge Fund Launch
New York (HedgeCo.net) – Gulfmena Investments Limited has launched the first directional absolute return hedge fund focusing specifically on the MENA equity markets to be managed by a GCC based and DFSA regulated asset management business. The asset manager of […]
Shell Fund to Expand Alternative Investments
Wall Street Journal – One of the U.K.’s biggest pension plans is moving forward with a strategy to invest hundreds of millions of pounds in alternative assets, potentially including hedge funds for the first time. The £10.6 billion ($16.8 billion) […]
Hedge Funds Up In September Despite 3Q Risks
New York (HedgeCo.net) – Despite rich equity market multiples and uncertainty surrounding the upcoming 3rd quarter earnings reports, Hennessee Group said that hedge fund investors continued to pile into stocks due to an uptick in merger activity during September. The […]