Monthly Archives: March 2013
Why the Cyprus crisis shouldn’t spook US retirees into bonds
American retirees should not be tempted to pile into Treasury bonds too strongly in response to the Cyprus banking crisis, warns the boss of the world’s largest financial advisory firm. The comments from the chief executive of the deVere Group, […]
Deutsche Bank Proprietary Traders Said to Find Jobs at Funds
Bloomberg – At least two Deutsche Bank AG (DBK) debt traders left for hedge funds after the bank closed a proprietary-trading group last month to cut costs and prepare for post-crisis regulations. John Roach, a mortgage-debt trader, will join BlueCrest Capital Management […]
Increase of 38% in Hong Kong’s hedge fund assets since 2010
Opalesque – The “Report of the Survey on Hedge Fund Activities of SFC-licensed Managers/Advisers” shows that hedge fund assets under management (AUM) in Hong Kong increased 38% from the time of the last survey in September 2010 to US$87.1 billion […]
Ex-Morgan Stanley Manager to Start Japan Stocks Hedge Fund
Bloomberg – Tsukasa Shimoda, a former fund manager at Morgan Stanley Asset & Investment Trust Management Co., will start a Japan-focused hedge fund amid increased appetite for the world’s second-largest equity market. The UMJ Galleyla Fund will start on April […]
Hedge Fund Titan Buys Hamptons Property for $60 Million
DealBook – Steven A. Cohen is known for his rapid-fire trading style, moving in and out of stocks with dizzying speed at his hedge fund SAC Capital Advisors. He seems to be taking a similar approach to his real estate. […]
Natixis Global Asset Management Launches Aurora Horizons Fund
Natixis Global Asset Management (NGAM) announced today the launch of the Aurora Horizons Fund (AHFAX), which is a multi-strategy mutual fund dynamically allocated across multiple hedge fund managers. The fund may help investors achieve additional risk diversification within a traditional […]
B.P. In Talks With Hedge Funds Over Funding For Oil Spill Payouts
New York (HedgeCo.Net) – The lawsuit settlement funding firm for B.P. Gulf of Mexico Oil Spill plaintiffs, Legal-Bay, has been in talks with several foreign institutional hedge fund investors as well as traditional banks to raise more funding capital. Legal-Bay previously […]
Connecticut Hedge Fund Managers Charged With Securities Fraud
New York (HedgeCo.Net) – Connecticut-based hedge fund managers David Bryson, Bart Gutekunst and their advisory firm, New Stream Capital, LLC, have been accused of lying to investors about the capital structure and financial condition of their $750-plus million hedge fund focused on […]
Ex-exec at technology company, hedge fund analyst charged in NY in $27M insider trading scam
Washington Post – The former chief information officer for a technology company and an analyst were arrested Tuesday in California in a $27 million insider trading case brought in New York, where a prosecutor said the case illustrates that the […]
Amendment paves way for AIFMD compliance
CayCompass – To facilitate the marketing of Cayman hedge funds in the European Union, the Cayman Islands government has passed an amendment that allows the jurisdiction’s regulator to enter into memoranda of understanding with its EU counterparts, using a model […]
Hess CEO warns of hedge fund plans to dismantle company
NJ Times – Hess Corp., the New York-based oil company, said shareholder Paul Singer’s Elliott Management Corp. is proposing to pay its board nominees fees to liquidate the company. “Under this highly unusual scheme, Elliott would control its directors by […]
Fed’s insider-trading crackdown brings charges in California
Los Angeles Times – The federal government has filed charges against a California hedge-fund analyst and a former tech executive in its continuing crackdown on insider trading on Wall Street. Federal prosecutors accused Matthew Teeple, 41, of San Clemente, with […]