Monthly Archives: March 2014
Cantor Acquires Fintan in $3 Billion Hedge-Fund Expansion
BusinessWeek – Fintan, led by founder Alexander Klikoff, farms out money to fixed-income hedge funds, Cantor said today in a statement. The deal will bring Cantor’s assets under management and advisory to about $3 billion. Terms of the deal weren’t […]
Hedge Fund Condo Has Blankfein, Potash King: Manuela Hoelterhoff
BusinessWeek – – A federal judge on Friday [March 21] gave final approval to JPMorgan Chase & Co.’s $218 million settlement to resolve class-action litigation accusing the largest U.S. bank of playing a central role in the huge Ponzi scheme […]
A Hedge Fund Manager Says SAC Taint Is Manageable
Dealbook – Dmitry Balyasny is one hedge fund owner who isn’t afraid of hiring traders from SAC Capital Advisors as long as they were far away from the “messiness” that engulfed the firm during the federal government’s crackdown on insider trading. […]
Hedge Fund’s $100 Million Bet: Iran Will Pay for Terror Attack
WSJ – A U.S. hedge fund plans to bet as much as $100 million that it can collect on a court judgment against Iran for one of the deadliest terrorist attacks ever aimed at Americans, according to marketing documents and […]
Apsley joins forces with industry heavyweight to tackle AIFMD insurance requirements
London: New Insurance provider Apsley Specialty (“Apsley”) has come together with major industry player PartnerRe to launch a specialist underwriting service to the Hedge Fund sector to deal with the new AIFMD requirements. The agreement, which has a long term […]
Charter Schools in Wealthy Areas at Center of NYC Battle
Bloomberg – At Success Academy Union Square, a charter school in Manhattan, parents dropping off kindergartners one frigid morning include a radiologist with a Louis Vuitton bag slung over one shoulder and a fashion designer married to an investment banker. Some […]
Bubble or not, it’s a stock-pickers market: Hedge funds
CNBC – Hedge fund managers say there’s still plenty of money yet to be made in the stock market—it’s just a matter of picking the right companies. “We believe almost every sector has some alpha opportunity,” Jacob Gottlieb, chief investment […]
Asia hedge funds add $20 bln in first growth in 3 yrs
Reuters – Asia-focused hedge funds added $20 billion in assets in 2013, recording their first growth in three years and boosting the industry’s size to $158.8 billion, according to a survey from tracker AsiaHedge. The industry still remains about $33 […]
Hedge Fund Uses Hitler Parody in Campaign Against Ocwen Chairman
NYT – If you’re looking for a little attention, it’s hard to go wrong with Hitler. Glaucus Research, a little-known hedge fund in California, has started an attack on the billionaire William C. Erbey, the chairman of Ocwen Financial, and to publicize […]
Blue Sky to acquire hedge fund
The Australian – Blue Sky Alternative Investments plans to acquire hedge fund Investment Science Asset Management, which has $70 million in funds under management. The financial details of the acquisition were not disclosed. Brisbane-based Blue Sky, which has about $400 million in funds […]
SEC Charges Two In Insider Trading Deal Where Middleman Ate The Evidence
New York (HedgeCo.Net) – A stockbroker and a managing clerk at a hedge fund law firm have been charged with insider trading and making illicit profits of $5.6 million during a four-year period, Reuters reports. Vladimir Eydelman and Steven Metro […]