Monthly Archives: January 2011
Hedge Fund Fraud: iPad Leaking Executive Makes Bail
New York (HedgeCo.net) – Three of the research executives arrested by the FBI in December have been granted bail, including the man who allegedly leaked details about the iPad to a a hedge fund. James Fleishman, from Primary Global Research, […]
People Moves: BTIG Hires David Kallenberg as Managing Director
BTIG, LLC, a global broker dealer specializing in institutional trading and related brokerage services, today announced another expansion to its Fixed Income group with the hiring of David Kallenberg as a Managing Director for its new Convertible Securities Desk in […]
Editorial: Hedge Fund Capital Raising for 2011
New York (HedgeCo.net) – 2011 will be a very good year for flows into the hedge fund industry despite the recent negative publicity generated from the insider trading scandal, according to hedge fund consulting specialist Don Steinbrugge, Chairman at Agecroft Partners. “This conclusion is […]
Seed capital for hedge funds set to hit $5 billion in 2011
Hedge Funds Review Magazine – The Blackstone Group is aiming to raise around $1.5 billion for its latest seeding vehicle while Investcorp completed its first seeding deal in two years at the end of 2010. SkyBridge Capital, NewAlpha Asset Management and […]
Six Bottles of Wine at $7,170 Validates TPG Founder’s Bet on Fine Vintners
Bloomberg – On a warm October afternoon, a steel- framed concrete warehouse north of San Francisco is inundated with grapes. Forklifts bearing fruit from the nearby Russian River Valley deliver their loads to a slow-moving conveyor belt. Flanking both sides, winemaking […]
Editorial: Black Market Tips
New York Times – As of today, seven people have been charged in an insider-trading investigation focused on investors and consultants connected to Primary Global Research, an expert-network firm. The cases, brought by Preet Bharara, the United States attorney in […]
Key difference between venture capitalists, hedge fund managers
Boston.com – Donovan Slack (“Tax break favors the high-fliers,’’ Dec. 29) and Steven Syre (“A plan worth loving,’’ Dec. 31) have written excellent pieces in the Business section on the unusually low tax rate (15 percent) paid by hedge fund […]
Hedge funds post gains in 2010
International Business Times – Trade publication HFN reported that by end of 2010, hedge funds assets under management reached $US2.4 trillion after raking in a total of $US79.5 billion in the last 11 months from metal and emerging market ventures. […]
Goldman Investment in Facebook May Draw SEC Scrutiny
Bloomberg – Goldman Sachs Group Inc.’s plan to offer clients up to $1.5 billion in Facebook Inc. equity may invite U.S. regulators to take a closer look at whether the owner of the world’s most popular social-networking site is circumventing […]
WTP Advisors Acquires Hedge Fund Provider Sala Associates
New York (HedgeCo.net) – Hedge fund tax and business advisory firm, WTP Advisors has acquired hedge fund provider Sala Associates LLC. Sala Associates will now become WTP Capital Markets. “There is a growing need for business experts who can manage the operations side […]
Hedge funds toast a year of solid returns
Sydney Morning Herald – After two years of client withdrawals and pressure from regulators, hedge funds performed strongly this year, fuelled by successful bets on metals and emerging markets. The hedge fund industry, heavily criticised for gambling on the collapse […]
Sussman top donor in Maine politics
Portland Press – S. Donald Sussman, the billionaire hedge fund manager engaged to Democratic U.S. Rep. Chellie Pingree of Maine, was the top individual donor to Maine political causes in 2010, according to state campaign finance reports. Sussman contributed about […]