Monthly Archives: February 2010
CITIC Capital raises 2nd China buyout fund, $925 mln
Reuters . CITIC Capital, the flagship investment arm of CITIC Group, China’s No.1 financial conglomerate, said on Monday that it had completed raising $925 million for its second China buyout fund. The closing size was bigger than the firm’s original […]
Volcker Hedge Curbs Won’t Break Banks
WSJ – The “Volcker Wish List” — not a rule, of course, but a high bar of ambition set to be lowered by legislators — includes ending investment banks’ sponsorship and investment in hedge funds. After an initial panic, this […]
Spain Seeks Tougher Rules for Non-EU Hedge Funds
WSJ – Hedge funds and private-equity funds based outside the European Union should be subject to strict rules if they do business in the 27-nation bloc, according to legislation drafted by the Spanish government. Spain, which currently holds the EU’s […]
FT buys hedge fund macro intelligence firm MGA
Reuters – Pearson’s Financial Times has bought Medley Global Advisors, a provider of macroeconomic intelligence to hedge funds and banks, as it shifts emphasis from advertising-funded publications to subscription services. UK-based Pearson, whose main business is educational publishing, said last […]
BofA Trend Report: Hedge Funds Continue to De-Risk
Seeking Alpha – Bank of America Merrill Lynch is out with the newest iteration of its hedge fund monitor report. The bank highlights that hedge funds suffered heavy losses last week and ended January on a weak note. As such, […]
Former Hedge Fund Founder Opens Six New Citibank Branches in Hong Kong
New York – (HedgeCo.net) – The founder of hedge fund Old Lane Management, Vikram Pandit, who is currently Chief Executive Officer of Citigroup, officiated the opening of six full-service retail branches in Hong Kong, including one brand new branch located […]
People Moves: Credit Suisse Appoints Dan Draper Head of Exchange Traded Funds
New York (HedgeCo.net) – Credit Suisse today announced that Dan Draper, formerly a Managing Director and Global Head of Exchange Traded Funds (ETFs) at Lyxor Asset Management, will join Credit Suisse in its Asset Management business as Managing Director and […]
Cut And Paste Job Bad News For Hedge Funds
WSJ – A London hedge-fund manager who cut and paste figures to make his portfolio look $27 million better hasn’t done any favors for the mass of hedge funds still trying to rebuild their reputation with investors after a poor […]
UPDATE:London Nominees Ltd. Launch Football Fund
New York (HedgeCo.net) – The London Nominees Football Fund launched on Feb 1, 2010, with approximately $40 million in assets under management. The investment panel includes ex international players, coaches and leading industry experts offering investment in clubs, players, related […]
“Octopussy” Pleads Not Guilty To Hedge Fund Insider Trading, 6 Others
New York (HedgeCo.net) – Seven hedge fund traders and lawyers pleaded not guilty to securities fraud charges in the USA v. Goffer et al. case, according to Reuters. Zvi Goffer, dubbed “Octopussy”, appeared before Manhattan federal court Judge Richard Sullivan […]
Of Volcker, Private Equity and Hedge Funds
NYT – Does former Federal Reserve Chairman Paul A. Volcker know the difference between private equity firms and hedge funds? That’s what his testimony in front of Congressional hearing left Private Equity Analyst’s Jennifer Rossa wondering. Mr. Volcker appeared before […]
FSA Bans BlueBay Fund Manager
WSJ – A former employee of London hedge-fund group BlueBay Asset Management PLC has been banned and fined £140,000, or about $224,000, by the U.K. Financial Services Authority for deceiving investors and mismarking the value of funds he ran by […]