Monthly Archives: February 2010
Rajaratnam & Chiesi Charged With a Superseding Indictment
New York (HedgeCo.net) – Raj Rajaratnam and Danielle Chiesi Federal have been accused with a 19-count superseding indictment by Federal prosecutors yesterday, Courthouse News Service reported. A superseding indictment is an indictment that is filed subsequent to an original indictment. […]
Hedge Fund Company Morningstar Acquires Regulatory Specialist Team
New York (HedgeCo.net) – Independent hedge fund research company, Morningstar, Inc. has acquired the Footnoted business of Financial Fineprint Inc., a privately held firm based in Peekskill, N.Y. Footnoted.org was founded in 2003 by Michelle Leder, author and journalist. Footnoted’s […]
AMG to pay $775 mln for Pantheon fund manager
Reuters – Affiliated Managers Group Inc, a holding company for money managers, on Wednesday said it would buy the private equity fund-of-funds manager Pantheon Ventures from Northwestern Mutual Life Insurance Co for $775 million. Pantheon manages about $22 billion of […]
EU Fund Plan Seen Threatening Economy
NYT – European Union plans to regulate managers of hedge funds and other alternative investments need changing to avoid damaging Europe’s economy and curbing investor choice, a parliamentary report said on Wednesday. In April last year the bloc proposed that […]
Galleon figure Chiesi stands by Rajaratnam
Reuters – Danielle Chiesi has not found it easy to keep quiet in the months since her indictment as part of the biggest insider trading case to rock Wall Street in two decades. The former hedge fund analyst told Reuters […]
Lipper Snaps UK-Henderson New Star leads bond funds in Jan
Reuters – A UK-focused fund managed by Henderson’s investment funds team was the top performer among bonds in January, data from Thomson Reuters fund research firm Lipper showed on Monday. The New Star Sterling fund LP60008662, managed by Stephen Thariyan […]
What CIC Disclosures Say About Its Strategy
WSJ – It’s a rare event when the world gets a peak into the stock portfolio of a $300 billion Chinese sovereign wealth fund. Thanks to a regulatory filing that China Investment Corp. made with U.S. securities regulators, investors are […]
Hedge Fund D.E. Shaw Forms Distressed-Assets Team
New York – (HedgeCo.net): According to a story published in today’s Financial Times, hedge fund firm DE Shaw is positioning itself to purchase portfolios of distressed and illiquid assets. The firm, which counts about $28 billion in assets under management, launched […]
Nautical Capital Management LLC Launches Commodity-Based Funds
New York – (HedgeCo.net): Nautical Capital Management LLC, an asset management company specializing in the development and management of diversified commodity portfolios, announced today the launch of its commodity-based absolute return strategies. The firm offers investors both systematic and discretionary absolute […]
Pension funds eye fee cuts but hedgies balk-study
Reuters – Pension funds expect to negotiate lower fees with fund managers this year after securing cuts in 2009 in the aftermath of the financial crisis, although they face a battle with reluctant hedge funds, new studies said. A survey […]