Monthly Archives: February 2006
MAXAM Capital Management Selects Backstop IPM
HedgeCo.Net – Backstop Solutions Group, LLC (BSG) announced today that MAXAM Capital Management LLC, a diversified investment firm founded by hedge fund luminary Sandra Manzke, has chosen Backstop Investment Partnership Management software (Backstop IPM) to manage MAXAM’s portfolio management, manager […]
Hedge fund star faces ban
The Sunday Times – ONE of Europe’s largest hedge funds and its star trader face censure by the City regulator as early as this week over an insider-trading scandal that has rocked the financialcapital. Sources close to the Financial Services […]
NASD Steps Up Hedge Fund Probe, Seeks Customer Data
Bloomberg – The NASD is expanding a probe of the world’s biggest brokerage firms for possible improper sales of hedge funds to individual investors, three people with direct knowledge of the matter said. The industry regulator sent letters to firms […]
Pleasantville hedge fund manager challenges new rules
The Journal News.com – Phillip Goldstein likes to think of himself as a bulldog willing to wage a fight. For 13 years, those battles have generally been against corporate America through his $90 million hedge fund company with four employees […]
Top hedge funds set sights on Arcelor
MSNBC – Prominent hedge funds have piled into the shares of Arcelor in the expectation of a higher bid from either Mittal Steel or another party. Mittal’s unsolicited €18.6bn offer for Arcelor has drawn intense interest from UK hedge funds […]
Shakers: Convexity Capital Management
International Herald Tribune – Jack Meyer, who outperformed most money managers for 15 years as head of Harvard University’s endowment, has raised a record $6 billion for his new hedge fund, according to two people with direct knowledge of the […]
Greenwich exec’s new book opens doors to hedge fund industry
Stamford Advocate – Barton Biggs didn’t write “Hedge Hogging” for the money. He already has plenty of that. Obtaining celebrity status wasn’t a motivation either. As a top analyst at Morgan Stanley for 30 years, his name is well-known in […]
South African Hedge Fund Sector ‘Faces Constraints’
AllAfrica.com – THE South African hedge fund industry is facing capacity constraints as demand for hedge fund investments grows, a survey of hedge fund managers by SYmmETRY Multimanager has found. But by diversifying their investment strategies, hedge fund managers could […]
Top Lehman banker in Europe to join hedge fund
Reuters – Benoit d’Angelin, co-head of European investment banking at Lehman Brothers (LEH.N: Quote, Profile, Research), is to leave the U.S. firm tojoin hedge fund Centaurus Capital, the bank said on Thursday. Christian Meissner, currently co-head of German investment banking […]
NASD Steps Up Hedge Fund Sales Probe, Seeks Data on Customers
Bloomberg – The NASD is expanding a probe of the world’s biggest brokerage firms for possible improper sales of hedge funds to individual investors, three people with direct knowledge of the matter said. The industry regulator sent letters to firms […]
The Rich Get Richer
– The 2005 fiscal year was generally good to college endowments, which saw an average rate of return of 9.3 percent, according to data being released today by the National Association of College and University Business Officers. While the average […]
For $500 million payday, forget Wall St.
International Herald Tribune – On Wall Street, where the size of an executive’s bonus is often the ultimate measure of success, a new status symbol has emerged: the $500 million cash payout. While the Securities and Exchange Commission is seeking […]