Author Archives: Editor
Hedge fund chief joins the great survivors
TimesOnline – Philippe Jabre spent much of last October and November flying economy. Times were tough as he tried to convince investors not to pull their money out of his hedge fund. When he was not in the air, Jabre […]
Hedge funds and clones
LiveMint (WSJ) – After the global financial meltdown of the last year, hedge funds have been under considerable stress globally. The operations of all such funds have been viewed as being non-transparent, not subject to regulatory oversight, and high-risk, high-return […]
Cioffi, Tannin Face U.S. Jury Over Bear Stearns Funds Collapse
Bloomberg – Former Bear Stearns Cos. hedge fund managers Ralph Cioffi and Matthew Tannin are either responsible for triggering a $1.4 billion hedge fund implosion or are scapegoats for a government eager to affix blame for it. Jurors selected for […]
Blackstone plans portfolio IPOs
Forbes – Private equity firm Blackstone Group is planning to list up to eight of its portfolio companies, according to a source who received a letter the firm sent to investors on Friday. The letter details that Blackstone is positioning […]
Boris Johnson accused over hedge funds’ election donations
Guardian.co.uk – Boris Johnson, who is leading the fight against a European crackdown on City financiers, faced accusations of being “bought off” today, when it emerged that more than half the money donated to his mayoral campaign came from the […]
Ex-Goldman Trader, Deephaven Asia Head Bhatia Plans Hedge Fund
Bloomberg – Sanjiv Bhatia, a former head of Goldman Sachs Group Inc.’s Asia equity trading desk, plans to start a hedge fund to trade securities of Asian companies whose valuations are affected by mergers, reorganizations and changes in structure. Bhatia, […]
Moody’s keeps top ratings on Brevan Howard funds
Reuters – Credit ratings agency Moody’s has maintained its top ratings on four portfolios run by Europe’s biggest hedge fund, firm Brevan Howard, which it initially awarded before the industry crisis last year. The “OQ1” ratings, which denote an excellent […]
Soros to Invest $1 Billion in Clean Energy, Form Advisory Group
Bloomberg – Soros, the founder of hedge fund Soros Fund Management LLC, announced the investment in Copenhagen on Oct. 10 at a meeting on climate change sponsored by Project Syndicate. The group is an international association made up of 430 […]
K2 Asset Management to Start Its Fourth Equities Hedge Fund
Bloomberg – K2 Asset Management Ltd., a listed Australian hedge-fund firm managing about $650 million in assets, is planning to start a global equities fund that seeks to profit as the worldwide stock market rally spreads to smaller companies. The […]
Hedge Firm Says Chief Will Retire
NYT – James H. Simons, one of the most respected money managers in the hedge fund industry, told investors Thursday he planned to step down from day-to-day management of Renaissance Technologies, the firm he founded over 30 years ago. Mr. […]
Ex-Bear Stearns Fund Manager Tannin Worried About ‘Blow Up’
Bloomberg – Former Bear Stearns Cos. hedge fund manager Matthew Tannin, accused of misleading investors, said “We could blow up” in a 2006 e-mail, according to documents released by prosecutors. Tannin, 47, is set to go on trial Oct. 13 […]
Ex-Morgan Stanley Vet To Launch Hedge Fund
Emii.com – Former Morgan Stanley co-president, Zoe Cruz, is planning to launch her own hedge fund, The Wall Street Journal reports. Cruz expects to launch Voras Capital Management with at least $200 million, and is likely to invest in a […]