Tag Archives: broad-market
MassMutual hedge fund sued in loss
Boston Globe – A Boston law firm has filed a class-action lawsuit against a hedge fund controlled by Massachusetts Mutual Life Insurance Co. for placing all of the fund’s assets with Bernard Madoff, who is facing life in prison for […]
Treasury Select Committee MPs accuse funds of cashing in on misery
Times Online – The Massachusetts Pension Reserves Investment Management Board, which oversees $38 billion, voted to fire hedge-fund firm Austin Capital Management after losing $12 million with alleged Ponzi scheme operator Bernard Madoff. The state pension board also decided at […]
British hedge fund buys 5% stake in Sovereign
Milwaukee Business Journal – An activist British hedge fund has taken a 5 percent stake in Sovereign Bankcorp Inc., according to a filing with the Securities and Exchange Commission. London-based Toscafund Asset Management said its passive stake amounts to 33.5 […]
Hedge firm SAIL hires former Goldman exec as CEO
Reuters HK- SAIL Advisors Ltd, one of Asia’s largest homegrown fund of hedge fund managers, said on Wednesday it hired former Goldman Sachs Group Inc managing director Vincent Duhamel as its new chief executive. Hong Kong-based Duhamel will replace Eliza […]
