Monthly Archives: February 2010
Citadel’s DePietro Uses Hedge-Fund Skills to Direct First Movie
Bloomberg – After graduating from Harvard University in 1993, Julio DePietro got a job with Citadel Investment Group, then a small, obscure financial firm in Chicago. He planned to stay just long enough to pay off his student loans. By […]
Hedge Funds Go On Citigroup Buying Spree In Q4
Banking News – More than 100 hedge funds snatched up shares of Citigroup during the fourth quarter of 2009, with large well-known names like George Soros, Eric Mindich and John Paulson purchasing nearly a half billion shares in the bank. […]
Hedge fund firm GLG’s assets boosted by inflows
Reuters – Hedge fund firm GLG Partners saw assets under management rise marginally in the final quarter of last year as it benefited from client money returning to the industry and modest performance gains. The London-based, New York-listed firm said […]
Hedge funds raise bets in Greek bond crisis
Reuters – Hedge funds have increased their bets this month on Greece’s economic woes by shorting its bonds or buying default protection, although anecdotal evidence suggests some have cashed in after recent gains. Even hedge funds without direct exposure to […]
Hedge Fund Said to Oppose Benihana Plan
NY Times – It appears that resistance is growing to a plan by the managers of Japanese steakhouse Benihana to raise money through a share sale. The New York Post recently reported that the heirs of the restaurant chain’s late […]
Extortion For Dummies? Rabbi Allegedly Targeted Hedge Fund
WSJ – One case that broke last night promises to be yet another attention-grabber. It involves a Jewish Orthodox rabbi from Brooklyn, a yet-unnamed Connecticut hedge fund and a call the rabbi made to the U.S. attorney’s office as part […]
Emerging markets assets up by $25 billion
Hedge Funds Review – Assets invested in emerging markets hedge funds increased by $25 billion during 2009 thanks to performance based gains of $34.3 billion, according to Hedge Fund Research. The data provider also said its HRFI Emerging Markets Index […]
Firestone Flees Moscow ‘Mafia’ Police as Browder Affair Widens
Bloomberg – Jamison Firestone, who spent 18 years helping U.S. companies navigate Russia’s legal system, said he fled the country because he’s the next target of “mafia” law-enforcement officials he says were responsible for the death of his colleague Sergei […]
Investor ire to drive fund of hedge fund shake-up
Reuters – Firms that make money selecting hedge funds will have to conduct more checks on managers running the assets and show they know what they are buying in order to appease clients disgruntled by the Madoff fraud and poor […]
Man Group pares gains as BlackRock bid talk fades
Reuters – Man Group shares pared gains but were still Wednesday’s top FTSE 100 riser after a source close to BlackRock said the U.S. fund firm had no interest in buying the hedge fund firm. Shares in Man, the world’s largest listed […]
Hedge fund famous for betting against housing bets big on SunTrust
Atlanta Business News – John Paulson, the New York hedge-fund manager who made billions betting against the overheated housing market, is now betting big on Atlanta-based SunTrust. According to a company filing this week, Paulson’s hedge fund increased its stake […]