Tag Archives: rsquo


Massachusetts Cuts Hedge Funds After Pension Loss

Bloomberg – Massachusetts will cut investments in hedge funds after its public pension plan lost a record 24 percent on all assets in the fiscal year ended June 30. The state pension plan’s board of trustees voted today to lower […]

UK fraud authority investigation into BVI company prompts wider probe of structured finance, swaps

Caribbean Net News – The UK Serious Fraud Office is investigating sales of credit-default swaps and structured-finance products, including collateralized debt obligations, prior to the credit crisis, following up an earlier investigation into a hedge fund and a related British Virgin […]

EU Law May Cost Pension Industry Billions of Euros, AIMA Claims

Bloomberg – The European Union’s plan to regulate hedge funds will cost the bloc’s pension industry about 25 billion euros ($36 billion) a year, the Alternative Investment Management Association said. The proposed law would drive pension funds toward more traditional […]

Touradji’s Winning Way Fails to Obscure Ex-Employees’ Hostility

Bloomberg – Paul Touradji had a good year in 2008, a 12-month span that most other traders would like to forget. His flagship hedge fund, Touradji Global Resources Fund LP, returned 8.6 percent trading oil, copper and aluminum. The average […]

Despite Pressure, Hedge Funds Resist Reducing Fees

New York Times – Despite the industry’s record losses in 2008, hedge funds generally aren’t lowering their fees without concessions from investors, such as longer lock-up periods and commitments of at least $100 million, money managers and consultants tell Bloomberg […]

The New Hedge Fund Bucket List: Sojourn to the Middle Kingdom

Wall Street Journal Blogs – From its 17th-floor offices in the New Beijing Poly Plaza building, the monolithic landmark commissioned by the state-owned conglomerate China Poly Group Corp., China’s massive sovereign-wealth fund has established itself as a prime destination for […]

BTIG Launches Fixed Income Prime Brokerage

HedgeCo.net (West Palm Beach) – BTIG LLC. announced that it has expanded its Prime Brokerage group to offer fixed income services, including trading and portfolio financing. The expansion into fixed income is in conjunction with the launch of BTIG’s Global […]

Brazil’s Top Hedge Fund Says Real Rally Almost Over

Bloomberg – Most of the gains in Brazil’s currency and interest-rate futures markets this year are over, said Beny Parnes, chief strategist at BBM Gestao de Recursos Ltda., manager of Brazil’s top-performing hedge fund. BBM pared back leveraged bets that […]

Highland Fund Sued by Schulte Roth for $2.83 Million

Bloomberg – Highland Capital Management LP, the Dallas-based investment firm that’s liquidating its main hedge fund, was sued by attorneys Schulte Roth and Zabel LLP for allegedly not paying $2.83 million in legal fees. The New York-based law firm initiated […]

SRM Global loses Northern Rock compensation appeal

Times Online – SRM Global, the hedge fund that became the largest shareholder in Northern Rock, said yesterday that it would continue its fight for government compensation after losing its second legal challenge. The fund, which owned 11.5% of Northern […]

Delphi Favors Bid from Lenders

Private Equity Hub – A group of hedge funds that provided bankruptcy funding to Delphi Corp on Monday won a high-stakes auction to take control of the auto parts supplier, scuttling a rival deal brokered by the Obama administration. Delphi’s […]

‘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 […]

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