Tag Archives: money manager


Investors fear money went south — to Panama

StarTribune – The money trail in a suspect currency investment program promoted by several Twin Cities companies runs through an industrial building in this gritty southern California community that calls itself Horsetown USA. Trevor Cook, a 37-year-old Minneapolis money manager […]

Harvard seeks to manage more money internally: report

Reuters – Harvard University’s multibillion dollar endowment is adopting a strategy of selling off some holdings in hedge funds, private-equity firms and other money managers to bring more money under the control of internal investing staff over the next few […]

Man Seeds Hong Kong-based Minerva Macro Fund

HedgeCo.net (West Palm Beach) – Man Investments’ seeding fund, RMF Global Emerging Managers, has completed its second incubation deal of the last two months, providing a cornerstone investment of $50 million for Hong Kong’s Minerva Macro Fund. In July RMF […]

In Advising US, BlackRock Thrives in Uncertain Times

The Ledger – The financial crisis has ravaged many a Wall Street giant, but it has also produced a handful of winners. BlackRock, a money manager that is much admired but little known outside financial circles, is fast emerging as […]

Moore Capital Said to Seek $500 Million for Coffey Hedge Funds

Bloomberg – Moore Capital Management LLC is seeking to raise as much as $500 million for two new hedge funds run by Greg Coffey, the top-ranked money manager who joined the company last year after quitting GLG Partners Inc., according […]

Nadel’s lawyers drop his case

HeraldTribune.com – So much for Art Nadel’s high-profile legal team. Nadel, the Sarasota money manager charged with running a $400 million investment scam, is now represented by a federal public defender after his private attorneys dropped him on Wednesday. Prominent […]

Madoff’s wife took out $15M from husband’s firm before his arrest

Grand Forks Herald – The wife of disgraced money manager Bernard Madoff withdrew more than $15 million from a firm co-owned by her husband – including $10 million on the day their children turned her husband over to authorities for […]

Risk Watch: The Continuing Danger of the Young Money Manager

Seekingalpha.com – First, the veteran can lose money just as easily as the rookie. Second, and more perniciously, just because a young money manager has been humbled does not mean he now shares your thinking about risk. And in a […]

Madoff Hedge Fund Shut Down by Luxembourg Regulators

West Palm Beach (HedgeCo.net) – Swiss bank UBS AG’s money manager, Luxalpha, was one of the main European hedge funds that gave money to US money manager Bernard Madoff, it is now being shut down by CSSF, Luxembourg’s financial supervisors. […]

Bonds Slump in January, Hedge Funds Buy Gold

Gold Seek – This January was one of the worst on record for financial markets. US Treasuries crashed after enjoying a recession-beating run in 2008. Gold and silver were the only major asset class to end the month higher. Hedge […]

Another Florida Ponzi-Scheme?

New York (HedgeCo.Net) – Investors in South Florida are fearing the worst, with all eyes turned to Michael Riolo, a Boca Raton resident who may have bilked over $50 million out of investors. Riolo regularly distributed performance reports to his […]

Mace Security says it’s owed $2M by missing hedge fund manager

MSN MoneyCentral – Mace Security International Inc. said Tuesday it has only received $1 million of a little more than $3.2 million owed it by a hedge fund managed by missing Florida money manager Arthur Nadel. The Horsham, Pa., maker […]

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