Each business day HedgeCo.Net keeps you informed with the top hedge fund industry news, opinion and insight from around the globe. From the latest hedge fund launches, to the impact of regulation, competition, and investor activism - we track the topics and people that make a difference to you.
American Chronicle – A Los Angeles businessman has pleaded guilty to corruption charges in a pension fund scandal that began in New York and is heading west.
Julio Ramirez Jr.’s guilty plea to securities fraud, revealed Tuesday in New York, tightened the connection between that state’s scandal and the pension fund industry in California. The charges arise from Ramirez’s work as an unlicensed "placement agent" for Wetherly Capital Group of Los Angeles, a politically connected firm that has secured investment business from CalPERS and CalSTRS.
American Chronicle – Morgan Stanley Alternative Investment Partners has raised $1.14 billion in commitments for its new private equity fund of funds, Morgan Stanley Private Markets Fund IV.
The capital raised for the new fund represents a nearly 15% increase over that of Morgan Stanley Private Markets Fund III, which was closed in 2006, the company said.
American Chronicle – An investment professional from Greenwich with more than 20 years of experience is going out on his own by starting a Stamford-based advisory firm for small- to medium-size companies from here to
Texas.
Peter Schweinfurth, a former senior executive at Avenue Capital, a hedge fund based in New York City and London, recently launched Gulf + Eastern to offer restructuring, turnaround and mergers-and-acquisitions advice for small but growing family-owned firms focused on consumer products and the service sector.
