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CNN Money – AQR Capital Management LLC, among the world’s largest hedge fund managers, will introduce another hedge fund-style mutual fund next month, as it expands its reach beyond the biggest investors.
Greenwich, Connecticut-based AQR, a $20 billion firm led by former Goldman Sachs Group Inc star Cliff Asness, led a new wave of hedge funds marketing to the masses when it launched the AQR Diversified Arbitrage Fund in January.
"We, in about two weeks, expect to introduce a whole new series of style exposures for retail investors," AQR co-founder David Kabiller told Reuters in a rare interview.
West Palm Beach (HedgeCo.net) – Roy H. Callahan has been selected as portfolio manager and member of the investment committee at alternative investment firm, Coast Asset Management, LLC firm’s , effective June 15.
"We are thrilled that Roy Callahan has agreed to rejoin our team," said David Smith, president of Coast. "Roy brings a wealth of knowledge and alternative investments expertise that will be invaluable as we continue to steer Coast through the challenges brought on by the global recession."
Callahan joins Coast from Stratos Advisers, a southern California-based hedge fund of funds manager. Previously, Callahan worked at Financial Risk Management (FRM) where his responsibilities included serving on the investment and portfolio management committees as well as training and mentoring FRM investment analyst groups. He spent six years from 1994-2000 at Santa Monica, CA-based Coast as director of research where he helped Coast founder David Smith develop and launch the firm’s initial multi-manager investment strategies.
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Business Spectator – A group of three former Equigold executives have successfully staged a boardroom coup, replacing the board of Regis Resources in a requisitioned meeting held in Melbourne earlier today.
Mark Clark, Equigold’s former managing director, Nick Giorgetta, the former chairman of Equigold, and Morgan Hart were each elected to the board by an overwhelming 89 per cent of shareholders, including Newmont Corporation. Former Newmont Australia chief executive Paul Dowd, was on the Regis board, but stepped down before the vote went ahead.
Former ASIC chairman Jeff Lucy was another Regis director who stepped down before the vote was held, leaving the company’s founder David Walker as the only man standing to defend the outgoing management’s efforts to take the company from gold explorer to developer to producer.
