Category Archives: Syndicated
Are hedge fund managers the Tories’ trade unionists?
BBC – Labour leaders and Labour prime ministers have since time immemorial (well almost) taken millions of pounds of funding on behalf of their party from trade unions, and devoted a considerable slug of their waking hours to telling the […]
Justice Dept. charges 4 with insider trading at hedge funds
Washington Post – The Justice Department charged three hedge fund portfolio managers and one analyst in a criminal conspiracy that allegedly involved information about companies such as Advanced Micro Devices and Fairchild Semiconductor International. The Securities and Exchange Commission, which […]
Desperate ‘insider coverup’
NY post – A panicked hedge-fund manager running an insider-trading ring was so frightened the feds were closing in, he fled his Upper East Side apartment in the middle of the night to toss evidence into garbage trucks around the […]
Hermes BPK aiming to triple assets in 5 years
Reuters – The fund of hedge funds arm of Hermes aims to boost its assets by three times to $5 billion (3.1 billion pounds) in five years by tapping growing demand for alternative investments in countries including Japan, the head of […]
Abu Dhabi’s Royal Capital plans fixed income, hedge funds
Arabian Business – Royal Capital, an Abu Dhabi-based investment firm, plans to focus on fixed income funds as it taps growing investor demand for the Middle East and North Africa (MENA), its head of asset management said. The two-year-old firm, […]
Gore’s Investment Firm Said to Start $500 Million Asian Fund
Bloomberg – Al Gore’s Generation Investment Management LLP, which buys shares of companies it deems socially responsible, aims to start a $500 million fund to invest in Asia, said two people briefed on the plan. The fund may start by July, […]
Activist Fund Threatens Proxy Fight at Mentor Graphics
DealBook – An activist hedge fund on Monday threatened to mount a proxy fight at Mentor Graphics to protest what the firm said were moves meant to forestall talks with unhappy shareholders. Casablanca Capital, a hedge fund founded by former Lazard […]
Shumway to Return Client Cash in $8 Billion Fund by End of March
Bloomberg – Chris Shumway, who announced he would step down as chief investment officer of his $8 billion Shumway Capital Partners LLC in November, said he’ll return client capital by March 31, according to a letter sent to investors. Shumway, […]
Former regulator pans hedge fund reporting plan
Reuters – A proposal requiring hedge fund advisers to turn over large amounts of data to regulators is burdensome and too costly, a former U.S. securities regulator said on Saturday. Paul Atkins, who served as a commissioner at the Securities […]
Primary Global Consultant Passed Tips to Hedge Funds, SEC Says
Bloomberg – A Primary Global Research LLC consultant facing federal insider-trading charges spoke with at least 11 hedge funds over 14 months and leaked stock tips to some of them, regulators said. Walter Shimoon, a former Flextronics International Ltd. manager who worked […]
Sabre adds Ucits mirror of hedge fund to armoury
Fund Strategy – The Sabre All Weather fund, a Luxembourg Sicav, mirrors the Cayman Islands domiciled fund, which was launched in 2002. Unlike the hedge fund, which carries a minimum investment of £250,000, the All Weather fund has a minimum […]
Mid-sized Asia hedge funds poised for big boost
Sify – Mid-sized Asian hedge funds are poised to receive major money inflows this year, as some of the region’s biggest managers shut doors to new investors on fears that running bulky portfolios could harm returns. Industry tracker Eurekahedge estimates […]