Monthly Archives: February 2011
Pity the Hedge-Fund Cops Who Can’t Carry Guns: Jonathan Weil
Bloomberg – The initial one-sentence dispatch that Bloomberg News published two days ago, about the latest courtroom twist in the Galleon Management insider-trading saga, was as strange as it was intriguing. In its entirety, it read: “Raj Rajaratnam and his co- […]
Wells Fargo-Backed Hedge Fund Said to Seek Money as Bank Withdraws Capital
Bloomberg – Wells Fargo & Co. plans to withdraw the capital from its affiliated hedge-fund firm, Overland Advisors LLC, as the asset manager seeks new investors, two people with direct knowledge of the matter said. Wells Fargo, responding to U.S. […]
$1 Trillion in Hedge Fund Assets Represented At Summit
New York (HedgeCo.net) – The 2011 AlphaMetrix Summit saw over 650 hedge fund industry professionals attend this year. The event featured a greater than 1:1 ratio of investors to hedge funds, and attendees represented an estimated $1 trillion in assets. Via a […]
People Moves: Swiss Hedge Fund Tech Firm Expanding
Swiss hedge fund IT firm, AlternativeSoft, has appointed Sagar Amlani as Quantitative Account Manager and Tatja Karkkainen in Sales for its global market presence. “With institutional investors bolstering their commitment to hedge funds, minimizing the downside volatility associated with hedge […]
Nominations open for European hedge fund awards
Hedge Funds Review – Nominations have opened for the Eleventh European Performance Awards. This year Hedge Funds Review recognises the importance of Ucits hedge funds, adding a section exclusive to this vehicle. The one-year performance awards highlight a variety of strategies […]
Hedge Funds Gird to Fight Proposals On Disclosure
WSJ – Hedge funds are gearing up to take on proposed rules that would force them to turn over more data about their trading positions to the U.S. government. Regulators will be required to keep the information they gather confidential, […]
Smurfit-Stone investor funds oppose Rock-Tenn deal
Reuters – A group of hedge funds that owns a combined 9 percent stake in Smurfit-Stone Container Corp said it would vote against Rock-Tenn Co’s $3.5 billion deal to buy the packaging and paper company. Third Point, Royal Capital Management and Monarch […]
Steven Cohen To Investors: Don’t Sweat The Feds
Forbes – How do you know when you’re filthy rich and untouchable? When you’re Steven Cohen and you’re telling investors not to worry about all the subpoena nonsense being brought by the Feds. Cohen, head of $12 billion hedge fund […]
Hedge boss’ brother cited in NY probe
WSJ – The government has identified the brother of one-time billionaire hedge fund founder Raj Rajaratnam as a co-conspirator in what authorities have called the biggest hedge fund insider trading case in history, a person familiar with the probe said […]
Wall St talent aims for hedge funds as rules bite
Reuters – The usual flurry of brokerage firm traders seeking to join hedge funds after the payout of annual bonuses could be more of a blizzard this year, with compensation shrinking on Wall Street and a regulatory crackdown in the […]
Hedge Fund Launch: Brandes’ Emerging Markets Equity Fund
New York (HedgeCo.net) – Brandes Investment Partners, L.P. (Brandes) announced today the launch of its Emerging Markets Equity Fund (the “Fund”). The Fund is a mutual fund targeted to long-term investors seeking a disciplined, conservative approach that focuses on valuations […]
