Monthly Archives: February 2011
Hedge boss’ brother cited in NY probe
WSJ – The government has identified the brother of one-time billionaire hedge fund founder Raj Rajaratnam as a co-conspirator in what authorities have called the biggest hedge fund insider trading case in history, a person familiar with the probe said […]
Wall St talent aims for hedge funds as rules bite
Reuters – The usual flurry of brokerage firm traders seeking to join hedge funds after the payout of annual bonuses could be more of a blizzard this year, with compensation shrinking on Wall Street and a regulatory crackdown in the […]
Hedge Fund Launch: Brandes’ Emerging Markets Equity Fund
New York (HedgeCo.net) – Brandes Investment Partners, L.P. (Brandes) announced today the launch of its Emerging Markets Equity Fund (the “Fund”). The Fund is a mutual fund targeted to long-term investors seeking a disciplined, conservative approach that focuses on valuations […]
ALTIN Announces Hedge Fund Holdings
New York (HedgeCo.net) – ALTIN AG disclosed its entire hedge fund portfolio holdings as part of its policy of full transparency to investors initiated in 2009. The portfolio, featuring over 35 underlying hedge funds, and representing 10 investment strategies, is […]
Hedge Fund Managers Steve Cohen and Marc Lasry Turn Down Offers To Buy The Mets
Business Insider – Forbes’ Mike Ozanian reports that Fred Wilpon reached out to Steve Cohen of SAC Capital and Marc Lasry of Avenue Capital to offer them a stake in the New York Mets, but that both billionaires turned him down. […]
Why Dinan Worries About Fate of Small Hedge Funds
DealBook – For the head of a multibillion-dollar hedge fund, James G. Dinan worries a lot about the fate of the industry’s littlest players. Mr. Dinan, the chief executive and founder of York Capital Management, said in a speech on Monday […]
Nevsky’s Taylor Scales Back With $800 Million Fund
Bloomberg – Nevsky Capital LLP’s Martin Taylor, who decided a year ago to step away from the “intensity” of running a $3.3 billion hedge fund, is starting a new version one-fourth the size, said two people with knowledge of the […]
Many Hedge Funds Have Weak Start In January, Lagging Stocks
Dow Jones – Many hedge funds lagged stock market indexes and took the wrong side of currency and interest-rate bets in January, in a lackluster start to the year for the industry. The HFRX Global Hedge Fund Index, tracking about […]
Pension board wants better hedge fund results
Boston.com – In a move to save $30 million in fees and improve investment results, the state pension fund is looking to cut middlemen out of its approach to hedge fund investing. The pension board yesterday voted to start investing […]
First Hedge Fund Manager Named In Galleon Probe
New York (HedgeCo.net) – The SEC probe of hedge fund insider trading has named Barai Capital Management LP’s founder and former hedge fund manager at Citigroup, Samir Bara, as a co-conspirator in a complaint against an ex-consultant for networking firm Primary Global LLC, Bloomberg […]
Union Bancaire Privée Recruits Experienced MENA Equities Team
Press Release – Union Bancaire Privée (UBP) announced today that it has recruited a highly-rated Middle East & North Africa (MENA) equities investment team to provide its clients with on-the-ground access to the return potential of the region’s stock markets. […]
Bahrain’s Investcorp first half profit dips
Reuters – Investcorp, the Bahrain-based alternative investment manager, on Tuesday reported a small drop in first-half profit as its hedge fund returns slowed after a strong performance in the previous year. The company, which once floated luxury brands Gucci and Tiffany […]