Monthly Archives: February 2012
FBI sees more hedge fund trading probe informants
Reuters – The FBI says it has enough informants lined up to keep its investigations of suspected illegal insider trading at hedge funds going for at least five more years. In a briefing on Monday with reporters at the New […]
Japan hedge funds fear being shunned over AIJ scandal
Reuters – A mood of fear and nervousness hung over Japans hedge fund industry on Monday as regulators widened an investigation into the suspected disappearance of more than $2 billion in corporate pension funds managed by Tokyo-based AIJ Investment Advisors […]
Survey Finds Cost of Health Insurance for Hedge Fund Managers Rising at Slower Rate
The cost of providing health care insurance to the hedge fund community is rising at a slower rate for the first time in years, according to SKCG Group’s Annual Hedge Fund Health Insurance Survey. According to SKCG’s analysis, insurance carriers […]
Fortress Profit Falls 60% on Decline in Hedge Fund Fees
Bloomberg – Fortress Investment Group LLC, the asset manager formerly run by Daniel Mudd, said fourth-quarter profit fell 60 percent as hedge fund fees declined. Pretax distributable earnings, which exclude some compensation costs and other items, were $50 million, or […]
Newer Hedge Funds Got $12.4 Billion in Deposits Since 2009, Citigroup Says
Bloomberg – Newly started hedge funds received $12.4 billion in deposits from 2009 through 2011 from investors that believe many managers perform best during their early years, according to a Citigroup Inc. (C) report. Funds within their first year of existence received […]
Japan hedge funds fear being shunned over AIJ scandal
Reuters – A mood of fear and nervousness hung over Japan’s hedge fund industry on Monday as regulators widened an investigation into the suspected disappearance of more than $2 billion in corporate pension funds managed by Tokyo-based AIJ Investment Advisors […]
CVC rebuffs hedge fund plan to restructure Nine debt: source
Reuters – Private equity firm CVC has failed to respond to a proposal by hedge funds that own a large chunk of $2.9 billion in debt owed by its Australian TV network Nine Entertainment to convert their debt into equity, […]
AIJ Suspension Undermines Japan Pensions Hedge Fund Appetite
BusinessWeek – The suspension of AIJ Investment Advisors Co.’s operations amid concerns hedge funds it manages had lost pension money may undermine plans by Japan’s retirement funds to boost returns to meet demand in an aging society. The Financial Services […]
UBS Macro Team to Start Hedge Fund as Banks Exit Prop Trading
Bloomberg – UBS AG’s only team of traders with a global mandate to make bets on macroeconomic trends is leaving the bank to form a hedge fund, said Gerard Satur, the head of macro strategic trading who will lead the […]
CVC rebuffs hedge fund plan to restructure Nine debt – sources
Reuters – Private equity firm CVC CVC.UL, facing heavy potential losses on its debt-laden Australian TV network Nine, has no plans to respond to a fresh proposal from hedge funds to convert their debt into equity, sources said on Monday. […]
Four Black Diamond Hedge Fund Managers Indicted, IRS, FBI
New York (HedgeCo.net) – The FBI and the IRS announced that a federal grand jury returned an indictment against hedge fund managers Jonathan Davey, Jeffrey Toft, Chad Sloat and Michael Murphy on four criminal charges relating to a hedge fund […]
Texas Teacher fund moving into directional hedge funds
Pensions & Investments – Texas Teacher Retirement System, Austin, is in the process of building out a new 5% allocation — $5.5 billion in current dollars — to directional hedge funds to bring the $109 billion fund up to its […]