Category Archives: Syndicated
Brevan Howard Bets Against Euro as Greece Comes to Pivot Point
Wall Street Journal: Brevan Howard Asset Management LLP, one of Europe’s biggest hedge funds, is betting against the euro as Greece’s debt crisis nears a boiling point. The London-based firm, which manages over $32 billion in assets, recently purchased put […]
SEC recovers millions in hedge fund Ponzi case
WASHINGTON (Reuters) -U.S. securities regulators said they have recovered $229.4 million from an offshore fund held by a Connecticut-based hedge fund whose manager pleaded guilty this year to running a Ponzi scheme. The Securities and Exchange Commission said in a […]
Judge approves Dodgers’ hedge fund loan
MBL.com: LOS ANGELES — A bankruptcy judge on Tuesday granted interim approval of $150 million of hedge fund financing arranged by Dodgers owner Frank McCourt so the team can cover this week’s player payroll and all financial obligations through the […]
Hedge Fund Rules Will Protect Investors, Moody’s Says
DealBook – A reckoning for hedge funds could provide some long-awaited protections to investors, according to a new report by Moody’s. The Securities and Exchange Commission adopted a plan last week to require large hedge funds, private equity shops and the like to […]
China family swoops on RAB funds
FT London – One of China’s wealthiest families has swooped to acquire funds from the wreckage of London based RAB Capital in a move that will create one of the biggest new hedge fund startups this year. The deal will catapult one […]
Hedge Funds Seek a Slice of Japan’s $740 Billion Pension Funds After Quake
Bloomberg – Global hedge funds are vying for allocations from Japan’s corporate pension fund managers, who oversee about $740 billion and are seeking alternatives to stocks following the March earthquake. Prosperity Capital Management, the largest manager of Russia-focused funds with about […]
Fund manager launches £900k claim against hedge fund
CityWire – Former Aberdeen Asset Management fund manager Stephen Ilott has launched legal action against hedge fund Bluecrest Capital Management for a £878,000 share of its profits after he was dismissed from the firm. Ilott claimed against Bluecrest and three of […]
Republican Romney to tap ex-pat wealth in London
Reuters – Republican presidential hopeful Mitt Romney takes his fund-raising machine to London next month, holding a reception aimed at wealthy American expatriates working at banks and hedge funds. A handful of London fund-raisers were held during the 2008 presidential […]
Move to direct hedge fund investments boosting business for consultants
Pensions and Investments – The pace of searches and hires is up sharply this year for specialist and general consultants advising institutional investors on direct hedge fund investments. That increase is the result of the trend toward direct investment in […]
Analysis: Asia hedge funds sharpen focus on risk
Reuters – As chief risk officer of newly launched Vulpes Investment, Bert Verdicchio is one of a powerful emerging breed of professionals trying to make Asia’s fast-growing hedge funds safer for investors. Verdicchio is empowered to hedge or even exit […]
Massive insider trading case reveals new focus by U.S. Attorney’s Office on white collar crime
New Jersey.com – The voice was increasingly desperate. “By the way, I got rid of my computer. I got rid of my iPhone,” said Matthew Kluger, who seemed to sense the FBI was closing in on him. “Those are gone. I […]
Celebrity hedge-fund managers
The Economist – The superheroes of finance seem to have lost some of their powers. Several of the hedge-fund industry’s most exalted names are beset by problems more associated with mere mortals. Take John Paulson of Paulson & Co, a […]