Tag Archives: hedge fund of funds


Fairfield settles with Massachusetts for $8 million

Pensions and Investments – Fairfield Greenwich agreed to pay about $8 million to settle charges leveled at the hedge fund-of-funds manager by William F. Galvin, Massachusetts secretary of the commonwealth, in connection with the Madoff Ponzi scheme. In settling, Fairfield […]

Credit Suisse in Preliminary Talks to Buy Mesirow Fund of Funds

Bloomberg – Credit Suisse Group AG held preliminary talks with Chicago-based Mesirow Financial Holdings Inc. about buying its $11 billion business that invests clients’ cash in hedge funds, according to two people familiar with the discussions. Credit Suisse, based in […]

USS hires UBS to deliver hedge fund of funds admin services

Professional Pensions – The Universities Superannuation Scheme has appointed UBS Global Asset Management – Fund Services to deliver hedge fund of funds administration services. The country’s second largest pension fund said it had enhanced its in-house hedge fund selection capability […]

‘Green’ Hedge Fund of Funds Launched by Hedge Fund Veteran

HedgeCo.net (West Palm Beach) – Richard Bookbinder is launching TerraVerde Capital Partners LLC, one of the first ”green” hedge fund of funds in the United States. Bookbinder is Managing Member of Bookbinder Capital Management, a New York-based hedge fund of […]

Penjing’s Wu to Expand Seeding of New Hedge Funds

Bloomberg – Ronnie Wu, chief investment officer of the $400 million hedge fund of funds house Penjing Asset Management Ltd., will start a pool of money dedicated to providing early investments to new hedge funds next month. It aims to […]

Hedge Fund Veteran Selected for Fund of Funds Investment Committee

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 […]

Hedge Fund of Funds Program Launched By Arden Asset Management and J.P. Morgan

West Palm Beach (HedgeCo.net) – Arden Asset Management LLC, a leading independent fund of hedge funds manager, and J.P. Morgan today announced an agreement under which Arden will manage a $1.1 billion proprietary hedge fund of funds portfolio for J.P. […]

Penjing Asset Says It May Not Get Performance Fees Until 2010

Bloomberg – Penjing Asset Management, a Hong Kong-based hedge fund of funds manager overseeing about $520 million, said it may not get any performance fees until next year, and declining income will restrict staff bonuses. The company, which ran the […]

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