Tag Archives: chief-operating-officer
City hedge fund exodus begins
Times Online – Brevan Howard, the UK’s largest hedge fund, is planning to open an office in Switzerland, perhaps signalling the beginning of a mass exodus by financial groups from London. The hedge fund, which has assets under management of […]
Hedge fund CEO dies in fall off escalator
Atlantic City police are investigating how a hedge fund executive fell to his death from an escalator. Police were called to the mall, which is connected to the casino by a sky bridge, at 12:01 a.m. Sunday. Vellanti lived in […]
Ex-Hedge Fund Officer Gets 2 1/3 to 7 Years for Theft
Bloomberg – A former chief operating officer of 3V Capital Management LLC was sentenced to 2 1/3 to 7 years in prison after misappropriating more than $8 million from a Capital fund and stealing almost $1 million more. Mark Focht, […]
Case will throw light on funds before Bear Stearns collapsed
Daily Telegraph – The funds collapsed as billions of dollars of bets made on mortgage-backed bonds and collateralised debt obligations (CDOs) unravelled, and when the time came to try to sell some of the funds’ sub-prime mortgages, no one wanted […]
State Street to administer Caxton hedge funds
Boston Globe – State Street Corp., which specializes in serving institutional investors and wealthy customers, said Thursday it has been selected to provide hedge fund administration services for about $6 billion in assets advised by Caxton Associates. State Street’s hedge […]
Confluence Whitepaper Outlines Hedge Fund Reporting and Control Challenges
West Palm Beach (HedgeCo.net) – Financial administration automation specialist, Confluence, released a new whitepaper for hedge fund administration executives, entitled "Hedge Fund Reporting: The Change Imperative". "Mandates from investors, regulators, and auditors are driving significant change in hedge fund back […]
The Change Imperative for Hedge Fund Reporting: Webinar
West Palm Beach (HedgeCo.net) – Principal at Rothstein Kass, Charles F. Plaveczky will be speaking at a webinar for hedge fund managers interested in meeting the growing demands for increased reporting transparency and control, according to fund manager and host […]
FRM Unit Plans $300 Million Investments in Hedge Fund Managers
Bloomberg – FRM Capital Advisors Ltd., a unit of London-based asset manager Financial Risk Management Ltd., plans to make as much as $300 million of strategic investments in hedge funds this year, including its first in Asia. FRM Capital may […]
GM Says Opel Running Out of Cash; Three Factories Risk Closure
Bloomberg – General Motors Corp. said its European Opel unit risks running out of cash next quarter, threatening three factories with closure and imperiling as many as 300,000 jobs across the region. Opel, based in Ruesselsheim, near Frankfurt, is struggling […]
Geithner Bad Bank Alternative May Rely on Loans to Hedge Funds
Bloomberg – Treasury Secretary Timothy Geithner’s financial-rescue plan may be doomed if he doesn’t offer low-cost loans to hedge funds and other investors to help them buy toxic assets weighing down bank balance sheets. Creating a “bad bank” or “aggregator […]
Credit Suisse Veteran To Start SE Asian Hedge Fund
Dow Jones Deutschland – While hedge funds suffer from redemptions and closures amid volatile markets, some firms are taking advantage of falling valuations and market dislocations to launch new funds. Mark Fuchs, chief executive of Singapore-based Fuchs Capital Partners, said […]
Hedge Fund Veteran ACTs to Improve Fund Transparency
West Palm Beach (HedgeCo.net) – Mike Griffin of Spectrum Global Fund Administration has launched the a hedge fund website that he believes will improve hedge fund transparancy, HedgeACT.com. “As a former hedge fund executive, I know first-hand how important transparency […]
