Tag Archives: equity-fund
New Castle Set Back by Galleon Liquidation, Loss of UBP Deal
Bloomberg – New Castle Funds LLC’s efforts to survive the arrest of its co-founder in the Raj Rajaratnam insider-trading case were set back as a Swiss bank ended a partnership and Rajaratnam decided to liquidate his funds. Union Bancaire Privée […]
UK’s West Midlands invests in fund of hedge funds
Reuters – The West Midlands Pension Fund, one of the UK’s largest local government schemes, has invested 40 million pounds ($64.28 million) in a fund of hedge funds. Goodhart Partners said on Thursday the pension fund, which has 7 billion […]
RCM plans new hedge funds to boost sector assets
Guardian – RCM, Allianz’s equity fund management unit, is launching two new hedge fund products aimed at increasing its assets under management in the sector by more than 50 percent, its Chief Investment Officer said. Andreas Utermann told Reuters that […]
AR Capital’s Connelly Seeks to Grow Hedge Fund to $250 Million
Bloomberg – AR Capital Management, a hedge-fund manager run by two former Goldman Sachs JB Were Ltd. bankers, aims to more than triple the size of its Australian equities long-short fund. The Ascot Long Short Equity Fund, which trades Australian […]
Citadel fund files $470 mln claim against Lehman
Reuters – Hedge fund Citadel Investment Group claims it is owed $470.5 million on derivatives contracts it held with Lehman Brothers, according to a claim filed in a New York bankruptcy court last week. Citadel, which manages around $12 billion […]
Asia Genesis to Close Hedge Funds; Chua Seeks to Restore Health
Bloomberg ‘ Asia Genesis Asset Management Pte, whose Japan Macro Fund has outperformed peers, is closing down its two hedge funds and returning money to investors. “I need some time to recuperate from weak health,” founder Chua Soon Hock, 50, […]
Railways pension invests 65 million pounds in hedge fund
Reuters – The UK Railways Pension Schemes, one of the UK’s largest plans, has invested 65 million pounds in London-based asset manager Goodhart Partners’ global long-short equity fund of hedge funds. Railpen Investments, the fund manager of the industry-wide scheme […]
Rein In Energy Speculation: Hedge Fund Manager
CNBC – The Commodities Futures Trading Commission will seriously consider imposing strict position limits on traders placing bets on energy contracts, and that’s just fine with hedge fund manager Mike Masters. The head of Masters Capital Management blew the whistle […]
Neptune buys Man Group, sees M&A among fund firms
Reuters – Equity investors are too negative about the hedge fund industry, says Neptune’s Jeremy Smith, who has recently bought shares in Man Group and expects more consolidation among traditional fund firms. Smith, who manages the 42 million-pound Neptune UK […]
