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    Today is Sunday, March 21, 2010 at 
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    Posts Tagged ‘massive-losses’

    Hedge Fund Honchos Burned in Scam Start Fire Sale

    Monday, February 9, 2009 : Permalink

    New York Post – The founders of a New York hedge fund at the center of the scandal have begun selling assets as their firm faces massive losses and a slew of lawsuits, sources told The Post.

    Walter Noel and Jeffrey Tucker, co-founders of Fairfield Greenwich Group, a New York hedge fund that lost a whopping $7.5 billion to Madoff’s alleged Ponzi scheme, have been forced to curb their lavish lifestyles amid mounting doubts that the firm can survive the .

    The pair recently dumped a shared interest in a Cessna 560XL private jet, according to a person close to the firm.

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    Hedge Fund TriAlpha Explores Diversified Fund Launches

    Friday, September 5, 2008 : Permalink

    West Palm Beach (HedgeCo.net) – TriAlpha recently a launched property hedge fund of hedge funds, the TriAlpha Global Property Strategy Fund in June this year.

    The fund seeks absolute returns by focusing on hedge fund managers that specialise in the global property sector. In its first month the fund outperformed the FTSE EPRA Global Index by an estimated 11%. Included in the portfolio are recognised names such as Credit Suisse, Thames River and New Star Property hedge funds. Minimum investment for the TriAlpha Global Property Strategy Fund is $5 million (or equivalent).

    “We are already seeing a high level of interest in the TriAlpha Global Property Strategy Fund and by having the fund available through Transact we are broadening the availability of this exciting new offering,” commented Cobus Kruger, director at TriAlpha.

    Trialpha’s five sub funds of the ‘TriAlpha Alternative Strategy Unit Trust’ have been also approved as restricted recognised schemes for distribution in Singapore.

    "With our roots in Stonehage (our private wealth management parent company,) we have extensive experience in dealing with and providing investment solutions to private clients."
    Cobus Kruger, Director at TriAlpha, says, "Our hedge fund of funds products have been received well by these clients, fitting in neatly with their investment objectives and risk profiles. With increasing numbers of private banks in Singapore we believe that our hedge fund of funds products will be an appropriate solution for their clients."

    The five absolute return funds offer investors a variety of risk profiles and investment strategies, the ‘TriAlpha Relative Value Fund’, which invests in market-neutral, multi-strategy event driven, multi-strategy arbitrage and option arbitrage; aims to achieve stable, absolute returns with volatility similar to the Citigroup World Government Bond Index.

    The ‘TriAlpha Multi Strategy Fund’ invests across Asia, European and U.S. hedge strategies, emerging markets, macro, event driven and arbitrage; aims to offer stable, absolute returns with volatility similar to the Citigroup World Government Bond Index.

    The ‘TriAlpha Growth Strategy Fund’, which invests in Asia, European and US hedge strategies as well as emerging markets and macro hedge funds with a smaller exposure to arbitrage strategies than the Multi Strategy fund; looks to achieve absolute returns with lower volatility than the MSCI World Equity Index.

    The ‘TriAlpha Hedge Equity Fund’ which invests in Asia, European and US hedge strategies; offers investors absolute returns with lower volatility than the MSCI World Equity Index.

    And finaly, the ‘TriAlpha Global Property Strategy Fund’ will focus on hedge fund managers that specialise in the global property sector.

    Alex Akesson

    Editor for HedgeCo.Net
    Email: alex@hedgeco.net

    HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds!

     

     

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    Premier hires ex-Thames River man Wright for Branigan fund

    Thursday, August 28, 2008 : Permalink

    CityWire – Premier Asset Management has hired former Thames River hedge fund specialist Chris Wright to take control of the Premier Dividend Fund from Paul Branigan. 

    Branigan, who also manages an absolute return growth mandate and is chief investment officer of Premier, is handing over to Wright as he wishes to concentrate on his other duties at the group.

    Wright, who managed a number of hedge funds for Thames River, joins Premier on 1 September.

    Wright is expected to restructure the Dividend Fund when he arrives, which could see it employ a similar strategy to the one used by the Schroder Income Maximiser Acc fund.

    Managing director of sales and marketing, Simon Weldon, said: ‘Chris brings a lot of pan European equity experience with him and has been on both sides of the buy-sell fence so we are confident he will make an excellent addition to the team.

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