Monthly Archives: February 2009

Hedge Fund Pharos Reports on the Russian Investment Landscape

February 3, 2009 : Permalink

West Palm Beach (HedgeCo.net) -The events of 2008 were dramatic everywhere in the world, but particularly so in Russia.  Despite the decline of  – 74.2% for the MSCI Index in 2008, the Pharos Russia Fund produced a positive 3 year […]

New Jersey bars ex-Merrill brokers for market timing

February 3, 2009 : Permalink

Forbes – New Jersey’s Bureau of Securities permanently barred three former Merrill Lynch brokers accused of helping a hedge fund make tens of thousands of improper trades in mutual funds. Christopher Chung, Kevin Brunnock and William Savino will collectively pay […]

Baker takes funds’ case to Congress

February 3, 2009 : Permalink

TheAdvocateOne year ago, former U.S. Rep. Richard Baker, R-Baton Rouge, stepped out of Congress to become the chief lobbyist for the trillion-dollar hedge fund industry and walked right into the economic tornado swirling through the nation. “I don’t have too […]

Lehman judge, James Peck, charged with hitting wife gets lawyer

February 3, 2009 : Permalink

New York Daily News – A federal judge charged with slapping his wife hired a big shot defense attorney as he faces a misdemeanor charge that could land him in the clink. James Peck, 63, the bankruptcy judge overseeing the […]

Eastbourne Proposes Amylin Directors, Backs Icahn

February 3, 2009 : Permalink

Bloomberg – Hedge fund Eastbourne Capital Management LLC nominated five directors to the board of Amylin Pharmaceuticals Inc. and is supporting a slate put forward by investor Carl Icahn, after it “lost confidence” in leadership of the maker of the […]

Arbitrage Lures Gabelli After 920 Hedge Funds Fail

February 3, 2009 : Permalink

Bloomberg – Mario Gabelli is buying Wyeth to book a 13 percent profit from its takeover by Pfizer Inc. Managers at Cohen & Steers Inc. are scooping up closed-end funds trading at a 16 percent discount to the value of […]

Hedge Funds, Politics, and the Market Crash

February 3, 2009 : Permalink

American Thinker – There are several culprits in the recent market crash, but one key source of the problem has hitherto escaped attention: an economic index that can be easily manipulated by hedge funds and whose gyrations have shaken the […]

JWM Partners considers new fund- WSJ

February 3, 2009 : Permalink

Reuters – John Meriwether and the other partners in his hedge-fund company, JWM Partners LLC, are considering launching a new fund, the Wall Street Journal said, citing a senior official at the company. The new fund could be set up […]

Kanetsu Will Close DragonHorse, Exit Hedge Funds

February 3, 2009 : Permalink

Bloomberg – Kanetsu Asset Management Co. will liquidate hedge funds, including Japan’s best performer last year, as commodities trading shrinks, a company executive said. The Tokyo-based firm will shut DragonHorse, which according to data provider Eurekahedge Pte returned 27 percent […]

Hedge fund RAB sells Asian business at £19m book loss

February 3, 2009 : Permalink

Independent – RAB Capital, the troubled London-based hedge fund, yesterday agreed to sell its Asian business as it tries to shore up its finances.   The fund manager, which on top of the general woes affecting the industry has made […]

U.S. Senators Propose Hedge Fund Regulation

February 2, 2009 : Permalink

New York (HedgeCo.Net) – Two senators are pushing for greater regulation of hedge funds, introducing legislation that would call on the U.S. government to oversee them. Michigan Senator Carl Levin, a Democrat, and Iowa Senator Charles Grassley, a Republican, passed […]

Tuckerbrook to Provide Daily Transparency for Hedge Fund Clients

February 2, 2009 : Permalink

West Palm Beach (HedgeCo.net) – In the wake of the Madoff scandal, Tuckerbrook Alternative Investments is offering its hedge fund investors the daily market value of assets in their capital accounts. "In light of the impact 2008 is having on […]