Monthly Archives: February 2011
Abu Dhabi’s Royal Capital plans fixed income, hedge funds
Arabian Business – Royal Capital, an Abu Dhabi-based investment firm, plans to focus on fixed income funds as it taps growing investor demand for the Middle East and North Africa (MENA), its head of asset management said. The two-year-old firm, […]
Hedge Fund Performance in 2010
New York (HedgeCo.net) – The Dow Jones Credit Suisse Hedge Fund Index team has released its 2010 Hedge Fund Industry Review. The report examines the drivers of hedge fund performance in 2010 and explores some of the noteworthy trends that […]
Hedge Fund People Moves: Serge Adam Joins Highbridge Principal Strategies
New York (HedgeCo.net) – Hedge fund manager Highbridge Capital Management has hired Serge Adam as a Managing Director at Highbridge Principal Strategies. Adam joins Highbridge after ten years at Sandell Asset Management, where he most recently was a senior managing […]
Hennessee Hedge Fund Index advanced +0.80% in January
New York (HedgeCo.net) – The Hennessee Hedge Fund Index advanced +0.80% in January (+0.80% YTD), while the S&P 500 advanced +2.26% (+2.26% YTD), the Dow Jones Industrial Average increased +2.72% (+2.72% YTD), and the NASDAQ Composite Index climbed +1.78% (+1.78% […]
Gore’s Investment Firm Said to Start $500 Million Asian Fund
Bloomberg – Al Gore’s Generation Investment Management LLP, which buys shares of companies it deems socially responsible, aims to start a $500 million fund to invest in Asia, said two people briefed on the plan. The fund may start by July, […]
Activist Fund Threatens Proxy Fight at Mentor Graphics
DealBook – An activist hedge fund on Monday threatened to mount a proxy fight at Mentor Graphics to protest what the firm said were moves meant to forestall talks with unhappy shareholders. Casablanca Capital, a hedge fund founded by former Lazard […]
Hedge Fund Launch: Merchant Capital to Launch Proprietary FX Trading Package
New York (HedgeCo.net) – The asset management division of Merchant Capital, a subsidiary of Merchant House Group PLC, has today announced that it will launch a FX proprietary trading package this month, Merchant Capital FX, in association with Hotspot FX, […]
Kurland To Pay $4.4 Million In Hedge Fund Fraud Settlements
New York (HedgeCo.net) – Mark Kurland, a former partner at hedge fund New Castle Partners is to pay $4.4 million to settle allegations of insider trading, a regulatory filing has revealed. Kurland was one of a number of executives working […]
Shumway to Return Client Cash in $8 Billion Fund by End of March
Bloomberg – Chris Shumway, who announced he would step down as chief investment officer of his $8 billion Shumway Capital Partners LLC in November, said he’ll return client capital by March 31, according to a letter sent to investors. Shumway, […]
Former regulator pans hedge fund reporting plan
Reuters – A proposal requiring hedge fund advisers to turn over large amounts of data to regulators is burdensome and too costly, a former U.S. securities regulator said on Saturday. Paul Atkins, who served as a commissioner at the Securities […]
Primary Global Consultant Passed Tips to Hedge Funds, SEC Says
Bloomberg – A Primary Global Research LLC consultant facing federal insider-trading charges spoke with at least 11 hedge funds over 14 months and leaked stock tips to some of them, regulators said. Walter Shimoon, a former Flextronics International Ltd. manager who worked […]
Sabre adds Ucits mirror of hedge fund to armoury
Fund Strategy – The Sabre All Weather fund, a Luxembourg Sicav, mirrors the Cayman Islands domiciled fund, which was launched in 2002. Unlike the hedge fund, which carries a minimum investment of £250,000, the All Weather fund has a minimum […]