Monthly Archives: February 2010
“Black box” groups join hedge fund scheme
Reuters – Bluecrest and Winton, two of Europe’s biggest hedge fund firms, have signed up to industry body the Hedge Fund Standards Board HFSB.L, giving a boost to the sector’s efforts to fend off tough regulation and meet investor demands. […]
FINRA Issues Notice for Hedge Funds Using Social Media
New York (HedgeCo.net) – Last month the Financial Industry Regulatory Authority (FINRA), issued a regulatory notice giving guidance on how FINRA rules governing communication with the public apply to social media sites that are sponsored by a financial firm or […]
Ex-Gandhara CIO, Goldman Trader Erro Plans New Fund
BusinessWeek – Davide Erro, ex-chief investment officer of Gandhara Capital and a former Goldman Sachs Group Inc. trader, plans to start a new hedge fund in early April, said four people with knowledge of the matter. Hong Kong-based Turiya Advisors […]
Orchard Capital targets new $500 mln Asia hedge fund
Reuters – Hedge fund manager Orchard Capital Partners, which spun-off Stark Investments in 2009, said it has launched a new long/short fund on Thursday which it aims to grow to $500 million in two-three years. The fund, Orchard Gemini, which […]
Temasek plans new investment company
WSJ – Temasek Holdings Pte. Ltd. has set up an investment company called Seatown Holdings Pte. Ltd. as part of its effort to partner more with outside investors. Charles Ong, senior managing director and chief strategist for Temasek, will be […]
AMG Spree Continues With Deal for Pantheon
WSJ – Asset-management firm Affiliated Managers Group Inc. made its entry into private equity, announcing a $775 million deal to acquire Pantheon Ventures Ltd. from pension advisor Russell Investments. The deal marks AMG’s largest acquisition to date and its fifth […]
Adept Capital’s Early Stage Asia Fund reaches Two Year Milestone with Strong Performance
New York – Adept Capital Partners Early Stage Asia Fund recorded a 14.9% increase in value in 2009 with a sharpe ratio of 2.08 for the year, consolidating its position as a top quartile performer in Asian fund of hedge […]
Hedge Fund Energy Trades Under Growing Scrutiny
Forbes – Hedge funds and other speculators trade billions of dollars worth of oil futures without intending to ever take delivery of a single drop of fuel. Even so, their impact can be profound on oil prices, and thus the […]
Fund Manager Stein Sentenced to Nine Years for Fraud
Business Week – New York hedge-fund manager Edward T. Stein was sentenced to nine years in prison for running a $46 million Ponzi scheme that preyed upon friends and acquaintances. Stein pleaded guilty in June to four counts of securities […]
Investor in defunct Bear fund wins $3.4 mln award
Reuters – A Georgia-based chain of service stations that lost money with a Bear Stearns hedge fund that collapsed in July 2007 has won a $3.4 million arbitration award. The award by the securities industry arbitration panel is the first […]
Temasek May Set Up Hedge Fund, AsianInvestor Reports
Business Week – Temasek Holdings Pte is planning a $3 billion hedge fund, AsianInvestor reported on its Web site, without saying where it got the information. The hedge fund may be called Seatown, the English translation of Temasek, the report […]