West Palm Beach (HedgeCo.net) - Pharos Financial Advisors Limited, a specialist emerging markets fund manager, announced that it has been granted a license by the Dubai Financial Services Authority (DFSA) to operate as an authorised firm within the Dubai International Financial Centre (DIFC).
Founded in 1997 by US national, Peter M. Halloran, with seed capital from […]

West Palm Beach (HedgeCo.net) - Alternative investment management firm and Hedge Fund Launch of the Year Award Winner, AdultVest, Inc., announced it officially closed its offering in the Priapus Investment Fund, LLC.
"In spite of the US and Global economic condition, the Priapus Investment Fund, LLC is on track for a great year," Francis Koenig, […]

CNBC - About half of the investors in T. Boone Pickens’ energy-oriented equity hedge fund have asked to withdraw their money on the heels of losses of about 60 percent this year, the Wall Street Journal said, citing people close to the matter.

Pickens and his investment fund have lost $2 billion since peaking in late […]

West Palm Beach (HedgeCo.net) - Iraq and the Babylon Fund sailed fairly unscathed through the panicky financial markets in September, according to CEO Robert Torkelund.
“Our strategy to focus on sticky money instead of any cheap hot money flow, has paid off so far,” says Torkelund, “Iraqi investments are not for the faint-hearted, of course. A […]

Wall Street Journal - Deutsche Börse AG’s supervisory board reaffirmed the stock-exchange operator’s business model Friday, defying activist hedge funds that had been seeking a change in strategy after this year’s steep fall in the company’s share price.
"The ongoing implementation and continuation of the existing strategy of the integrated business model including its further development […]

TORONTO – Introduction Capital announced today that HorizonsBetaPro ETFs, Felcom Data Services Inc. and JovVentures Inc. have signed onas the partner sponsors for its third annual forum for global sophisticatedinvestors interested in the Canadian hedge fund market entitled “CanadianHedge Fund Managers Speak with Investors”. Horizons BetaPro ETFs, managed byBetaPro Management Inc., are showing their support […]

Blayney Chronicle- Chris Cuffe cannot escape his tag as the $33 million man. But six years after the former head of Colonial First State left the funds manager with a notorious golden handshake, he is back in the business - only this time doing it for charity.
What is more, he has convinced 15 leading […]

New York (HedgeCo.Net) - Bear Stearns has triumphed in a case involving disgruntled investors seeking $141 million for the losses they incurred following the collapse of the Manhattan Investment Fund Ltd., a hedge fund where Bear served as the prime broker.
The fund, which filed for Bankruptcy in 2000, started experiencing losses almost immediately after its […]

Reuters India- A Chinese fund manager has won a lunch with famed U.S. investor Warren Buffett after bidding $2.11 million for the opportunity in a charity auction, more than three times what the lunch fetched last year.
Zhao Danyang, who runs Hong Kong-based Pureheart China Growth Investment Fund, had the winning bid in the eBay […]

New York Times- Christopher Cooper-Hohn and his wife, Jamie, follow a simple economic formula: he makes money, and she gives it away.
Mr. Cooper-Hohn runs the Children’s Investment Fund, or T.C.I., a successful — and controversial — hedge fund that has become a gadfly to corporate giants like CSX, the American railroad. Ms. Cooper-Hohn leads an […]

Bloomberg - Bear Stearns Cos. didn’t investigate the financial health of a hedge-fund client that later collapsed because its claim of an annual 20 percent return on investment “made perfect sense,” a former executive at the firm said.
Bear Stearns was sued in 2001 by a bankruptcy trustee on behalf of creditors of the now-defunct Manhattan […]

New York (HedgeCo.Net) - The proxy battle waged by two hedge funds against railroad operator CSX is far from over, despite a ruling against the funds last week.
TCI, who runs the Children’s Investment Fund of Britain, and 3G Capital Partners, continue in their quest to elect 5 nominees to the board of CSX, citing lack […]