Category Archives: Syndicated
BNP unit to park $200 mln more with Asia hedge funds
Reuters – French bank BNP Paribas’ fund management subsidiary THEAM plans to quadruple its investment in Asia-focused hedge funds to 200 million euros ($268 million) over the next year to tap the region’s strong growth, a senior THEAM executive said. […]
NY hedge fund founder asks court to keep medical issues sealed before Oct. 13 sentencing
Washington Post – Lawyers for a one-time billionaire hedge fund founder told a judge Monday that he should not unseal arguments about their client’s medical issues before his insider trading sentencing next week because it may set off a “salacious […]
BNY Mellon ‘Sledgehammer’ Lawsuits Raise Pressure to Settle Currency Cases
Bloomberg – Bank of New York Mellon Corp. (BK), the largest custody bank, faces increased pressure to reach settlements on foreign-exchange cases following new lawsuits brought by New York and federal officials. The New York attorney general and the U.S. […]
Blackstone hedge fund arm GSO acquires European leveraged loan manager
Hedge Funds Review – GSO Capital Partners, the global credit hedge fund arm of the Blackstone Group, is acquiring Harbourmaster Capital, a European leveraged loan manager with around $11 billion in assets. Dublin-based Harbourmaster will be merged with GSO’s European […]
Shrewd hedge funds profit in turbulent September
Reuters – A select band of shrewd hedge fund managers have avoided September’s market pitfalls to post healthy profits, even as Europe’s deepening debt crisis leaves much of the $2 trillion industry nursing painful losses. Bearish macro bets such as […]
Choosing A Minimally Viable Co-Founder
On Startups – If you’re starting a company, one of the most important decisions you’ll make early on is the selection of a co-founder. Some might advocate just “going it alone” because finding a great co-founder is hard and fraught […]
Trader sets up in Paris after FSA investigation
UK Compliance – A renowned trader has unveiled plans to launch a new hedge fund in Paris after he was investigated by the Financial Services Authority last year. Guillaume Rambourg’s new firm Verrazzano Capital is projected to raise as much […]
“New Money For Old Rope” – Wall Street Protestors Recycling Old Rhetoric
Forbes – The first thing that strikes you when you read the recent Declaration issued by the OccupyWallStreet protestors, who have assembled over the past two weeks in Zuccotti Park in downtown Manhattan, is how little of it actually relates […]
‘Tiger Cub’ Kelusa Seeks Money for China Hedge Fund After Beating Stocks
Bloomberg – Kelusa Capital Group, a New York- based manager backed by Julian Robertson, plans to increase the size of its China hedge fund almost five times to $250 million after outperforming the nation’s stocks. Kelusa Capital China, which focuses on the world’s […]
Lawsuit accuses Portland hedge fund managers and accountants of Madoff-like fraud
OregonLive – More than two dozen plaintiffs filed suit Tuesday against the managers of two Portland hedge fund companies and their accountants, alleging they ran a Bernie Madoff-like Ponzi scheme that defrauded investors of at least $5 million. The lawsuit, […]
Westwood hedge fund manager sanctioned $300,000 on insider trading
Boston.com – A federal judge in New York approved a former Westwood hedge fund manager’s offer to settle for $300,000 insider trading charges brought against him as part of a nationwide probe of improper tips on technology stocks, regulators said […]
Ackman May Sell Shares in Hedge Fund in 2012 for Stable Capital
Bloomberg – Bill Ackman, the money manager known for investing in companies to press for changes, said he may sell shares in a hedge fund to secure more permanent capital for investments as soon as next year. Ackman, founder of New […]