Tag Archives: asset-manager
Hedge Fund Manager Silk Invest Launches Two Equity Funds
West Palm Beach (HedgeCo.net) – FSA regulated asset manager, Silk Invest Ltd, successfully launched the African Lions Fund and the Arab Falcons Fund, which helped the hedge fund manager achieve its goals in becoming a specialist in Arab and African […]
Investors force Wallace out
WA Today – Richard Wallace has been ousted from the hedge fund he founded after the listed asset manager made losing bets throughout the financial crisis. Mr Wallace, who is based in Sydney, will no longer manage the Australian-listed hedge fund for […]
BlackRocks Global Macro Hedge Fund Bets on More Stock Declines
Bloomberg – BlackRock Inc.’s global macro fund, the world’s second-best performer over two years among hedge funds that invest based on economic trends, is betting against this month’s equities rally and buying bonds as a recovery from the worst credit […]
Newedge, Amiri Capital to launch Islamic hedge FoF
Reuters – Amiri Capital, the Islamic asset manager backed by investment firm Olivant, said on Monday it has teamed up with broker Newedge to launch the first Islamic fund of long/short hedge funds marketed in the Middle East. The partnership […]
Treasury Select Committee turns the spotlight on hedge funds
Times Online – They are the financial world’s most secretive and unaccountable men — but also among its wealthiest and most influential. Today, four of the sharpest speculators in the hedge fund industry will be thrust into the spotlight when […]
GLG Partners Adds Pendragon Hedge Fund Managers
West Palm Beach (HedgeCo.net) – Global alternative asset manager, GLG Partners LP, is teaming up with two of the founding partners of London hedge fund Pendragon Capital, Kaveh Sheibani and Julian Harvey Wood, to focus on event driven strategies. In […]
Hedge Fund Manager Acquires Long-only Fund Arm from Credit Suisse
West Palm Beach (HedgeCo.net) – Hedge fund manager, Aberdeen Asset Management PLC, has entered into an agreement with Credit Suisse to acquire their £40 billion ($58 billion) long-only asset management arm, making Aberdeen the the UK’s largest listed fund manager. Credit […]
Hedge Fund Adviser Tozai to Close After Redemptions
Bloomberg – Tozai Investment Advisory Ltd., a Tokyo-based hedge fund adviser, is closing its business after market losses and investor redemptions cut its funds’ assets to zero from a peak of $70 million, a senior partner said. The Cayman Island-based […]
Och-Ziff Funds Said to Have Eliminated at Least 10 Jobs in Asia
Bloomberg – Och-Ziff Capital Management Group LLC, the New York-based hedge-fund manager that went public last year, eliminated at least 10 jobs in Asia, including partner Raaj Shah, said two people familiar with the matter. The cuts made last week, out […]
Citadel Cuts Asian Principal Investments, Exits Tokyo
Bloomberg – Citadel Investment Group LLC, the hedge fund manager founded by Kenneth Griffin, will close down its Tokyo office and Asian principal investments operations, cutting more than half of jobs in the region. Citadel will run its remaining Asian […]
Brother of Bayou’s Marino Pleads Guilty to Helping Hide Fraud
Bloomberg – The brother of former Bayou Group LLC finance chief Daniel Marino, who is serving 20 years in prison, pleaded guilty to a federal charge that he helped conceal a $400 million fraud at the bankrupt hedge-fund firm. Matthew […]
Citadel Investment Seeks $1 Billion for Global Macro Hedge Fund
Bloomberg – Citadel Investment Group LLC, the Chicago-based asset-management firm founded by Kenneth Griffin, is seeking about $1 billion for a new global macro hedge fund, according to a person with knowledge of the matter. The fund is set to […]
