HedgeCo.net (West Palm Beach) – Ms. Mina Gerowin, Managing Director of Paulson Europe, is this year’s recipient of the 100 Women in Hedge Funds 2009 European Industry Leadership Award. In recognition of outstanding professional talent and business ethics, Ms. Gerowin will be presented with the award at a 100 Women in Hedge Funds fundraiser in London on October 7th, 2009, to benefit the UK education charity, SHINE.

"We are thrilled that Mina Gerowin will accept the 100 Women in Hedge Funds’ European Industry Leadership Award," said Effie K. Datson, Chair of 100 Women in Hedge Funds’ London Board. "Mina has demonstrated the type of leadership and entrepreneurial acumen that has become synonymous with the industry; moreover, she is committed to contributing to the non profit activities that she is equally passionate about."

Mina Gerowin is Managing Director of Paulson Europe and a partner of Paulson & Co., specialising in European merger and event-driven investment, including distressed and restructuring investment and the risk arbitrage of both debt and equity. At Paulson she has led investments, including Stork and Ahold, and runs their large European positions.

Alex Akesson

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!

Tags: 100 women, accredited-investors, acumen, ahold, beach ms, business ethics, datson, driven-investment, education charity, effie, hedge funds, industry leadership, leadership award, london board, palm-beach, paulson, professional talent, risk arbitrage, uk education, west palm beach

CNBC Stocks – The hedge fund says that with a “doomsday scenario off the table” in the second quarter, it put capital to work in distressed debt and significantly undervalued turn-around situations.

In terms of asset allocation, the fund reports that by June 30, net exposure in its long/short strategy was 37 percent, up from -3.4 percent on April 1. Allocation to credit grew to over 40 percent and risk arbitrage, 20 percent of the portfolio.

Read Complete Article

Tags: april 1, asset-allocation, cnbc, distressed-debt, doomsday scenario, hedge fund, risk arbitrage, second-quarter, stocks

Reuters – Multibillion dollar hedge fund firm Magnetar Capital has shut its London risk arbitrage desk and cut seven jobs, the firm told Reuters on Monday, as the industry goes through its biggest crisis.

A spokesman said four traders and three support staff had left the 15-person London office of Magnetar, which runs multi-strategy hedge funds.

"There’s been an appropriate reduction in the office to reflect the decision of the firm not currently to do risk arbitrage out of its London office," the spokesman said.

Read Complete Article

Tags: desk, jobs, london office, magnetar, multibillion-dollar, reuters, risk arbitrage, spokesman, support-staff