Category Archives: Syndicated
Swedish bank SEB sued by hedge fund
Sweden’s third biggest banking group SEB, controlled by the powerful Wallenberg family, is being sued for 200 million euros ($272 million) by a hedge fund based in the British Virgin Islands. London-based Times Thursday wrote that that Euroption Strategic Fund […]
Fund manager lends jet so dying man can see his sons
Boston – A wealthy hedge fund manager who was the target of political attacks during his fiancée’s reelection campaign to Congress anonymously provided his private jet to fly a dying Kansas man to Maine to see his childreEAD n. Read […]
Gottex teams up with OFI Asset Management to provide onshore managed account platform
Hedge Funds Review – Gottex Solutions Services (GSS) and OFI Lux (Ofi) are to form a joint venture to provide an onshore Luxembourg-based managed account platform that caters for regulated hedge funds including Ucits. The venture, to be known as Luma […]
Big internship pay packets for IIMs
IBN – It’s raining jobs at IIM campuses across the country – big banks are back for summer placements and hedge funds have made their debut. Students of the IIMs are a happy lot receiving summer internships that have been […]
Investors To Play Bigger Role In Hedge Fund Standards Board
Mondo Visione – The Hedge Fund Standards Board (HFSB) is significantly strengthening the role and influence of investors in its standard-setting process with the launch of an Investor Chapter. Members of the chapter, who include leading investors from Europe, Asia […]
Ucits hedge fund platforms to grow by $7bn in 2011
HFM Week – Platforms dedicated to Ucits hedge funds expect to see inflows of around $7bn by the end of 2011, HFMWeek research suggests, as a host of new umbrellas add to a wave of activity sweeping the Ucits space. […]
Tribune Lenders Seek Contempt Order Against Hedge Funds for Suit
Bloomberg – Tribune Co. lenders JPMorgan Chase & Co., Bank of America Corp. and a Citigroup Inc. unit asked a bankruptcy judge to find a group of hedge funds and investors in contempt of court for allegedly violating a mediation […]
Peter Thiel, Facebook’s first big backer, thinks the future of global innovation may hinge on more entrepreneurial college drop-outs
Boston.com – I had a chance to spend some time on the phone yesterday with Peter Thiel, the PayPal co-founder, venture capitalist, hedge fund manager — and early Facebook investor. He’s speaking at MIT this coming Tuesday night, at an […]
SEC to Issue Proposal to Register Hedge Funds
WSJ – The Securities and Exchange Commission will meet Friday to consider new rules to force hedge funds and other private funds to register with the agency and to undergo exams. The SEC, which placed a notice of the meeting […]
Soros Bets on Health Care, Dumps Gold
The Street – Soros Fund Management, the fund management arm of billionaire investor George Soros, bulked up on health care and biotechnology in the third quarter, according to the hedge fund manager’s quarterly filing of portfolio holdings, released after the […]
CalPERS implements hedge fund software
Global Pensions – The California Public Employees’ Retirement System (CalPERS ) has bought the rights to portfolio construction software to implement across its hedge fund and equity portfolios. The software, known as OPTICS, was created by Jersey-based hedge fund manager […]
Paulson Trims Bank of America, Sells Entire Goldman Sachs Stake
Bloomberg – Paulson & Co., the hedge fund run by John Paulson, trimmed positions in Bank of America Corp., Wells Fargo & Co. and Citigroup Inc. in the third quarter as regulatory changes and disputes over faulty mortgages threatened to hurt bank profits. Paulson, […]