Monthly Archives: January 2010
Bandon Embraces Alternative Strategy for Non-accredited Investors
New York (HedgeCo.net) – Boutique Independent Broker Dealer and hedge fund manager, Bandon Capital Management, LLC, announced a new relationship with American Independent Securities Group, LLC (AISG) enabling the advisors of AISG to make available Bandon’s flagship investment strategy, the […]
UPDATED: Advisers Charged With $160 Million Nadel Related Hedge Fund Fraud
New York (HedgeCo.net) – The SEC has charged two investment advisers with securities fraud for misleading investors about the financial condition of three hedge funds they managed, and misrepresenting that they controlled the funds’ investment and trading activities when in […]
Future Crisis Worries – Hedge Fund Compliance Survey
Three quarters of the world’s senior banking and compliance officers polled as part of a wide-ranging survey by Complinet, a hedge fund compliance company, said they are expecting the next financial crisis will strike within the first half of this […]
Wanted: Alleged Ponzi Schemer
Forbes – Toronto Police issued a Canada-wide warrant to arrest Weizhen Tang on charges that he ran a Ponzi scheme which allegedly defrauded more than 100 investors of approximately $30 million. The investors were mostly wealthy Chinese, both in North […]
Bluenose To Launch Onshore Hedge Fund
New York (HedgeCo.net) – BVI-based investment manager Bluenose Capital Management is planning to launch The Bluenose North American Market Neutral Fund, an onshore version of its successful offshore flagship hedge fund on March 1st, 2010. The Delaware-domiciled fund has a […]
Hedge fund trade group MFA to collect key data
Reuters – Hedge fund industry trade group Managed Funds Association (MFA) said on Friday it plans to collect key financial data from managers at a time the secretive industry is under pressure to become more transparent. MFA, which counts powerhouse […]
BNY Mellon Wins GLG Fund Mandate
emii.com – GLG Partners’ fund of hedge fund unit, GLG MMI, has hired BNY Mellon, ICFA Magazine reports. BNY Mellon will serve as custodian and fund administrator for the firm’s entire fund of hedge fund unit. The firm previously shared […]
Abu Dhabi Fund Sees Long-Term Potential in West
ABC News – A top official for the world’s biggest sovereign wealth fund said Monday the bulk of its holdings are still in the U.S. and Europe, and that the Abu Dhabi fund sees “significant, long-term investment potential” in both […]
Tate Embraced Hedge Funds, Then Dropped Them
WSJ – Hedge funds enjoyed three years of popularity with the Tate Gallery, the charitable organization responsible for two of London’s best-known art spaces — drawing almost a quarter of the institution’s investment portfolio. But the financial crisis resulted in […]
Contrarian Investor Predicts Economic Crash in China
NYT – James S. Chanos built one of the largest fortunes on Wall Street by foreseeing the collapse of Enron and other highflying companies whose stories were too good to be true. Now Mr. Chanos, a wealthy hedge fund investor, […]
UK hedge fund Prana Capital weighs Asian move
Reuters – UK-based hedge fund firm Prana Capital is looking eastwards, with plans to open a office in Singapore where its founder, Peregrine Cust, will relocate to, said a source familiar with the matter. “We are exploring that option,” said […]
RAB Eyes Institutions To Rebuild Asset Base
WSJ – London-listed asset manager RAB Capital (RAB.LN) is planning to rebuild its depleted asset base by targeting institutions in Europe and pushing the marketing of four of its strong-performing funds, following a year of dramatically restructuring its business model. […]