Monthly Archives: April 2012
Morningstar reports hedge fund returns of 3.3% for first quarter
Opalesque – Morningstar, a provider of independent investment research, today reported preliminary hedge fund performance for March and for the first quarter as well as estimated asset flows through February 2012. The Morningstar MSCI Composite Hedge Fund Index, an asset-weighted composite of […]
Hedge Fund Charity Auction: 2010 World Cup Match Ball and “soil” from the home of Nelson Mandela
On behalf of South African Arts International, Ltd. (SAAI), Victor Mooney hand delivered an official 2010 World Cup Match Ball and the soil from the home of Nelson Mandela to SkyBridge Capital’s corporate headquarters in midtown Manhattan last week. The […]
Hedge fund short-sellers to target Wal-Mart Mexico
Reuters – Hedge fund managers are bracing for selling pressure in shares of Wal-Mart Stores Inc on Monday, but market experts said it is the retail giant’s less visible Mexican unit that could be the more attractive target for short […]
Hedge-fund ads are a game-changer
MarketWatch — The one thing that might have allowed convicted felon Bernie Madoff to run his phony hedge-fund business even longer in the face of an eroding stock market is successful advertising. With his reputation — which was sterling right […]
Macquarie hedge fund exits short bets in India on tax fears
Reuters – Macquarie’s Asia hedge fund has exited its short positions in Indian single stock futures in response to a controversial set of proposed tax rules that could lower investment returns. Instead, it has decided to use a futures contract linked to […]
Goldman Sachs Facing a New Insider Trading Probe
Reuters – Federal prosecutors in California are investigating a Goldman Sachs employee for insider trading, according to prosecutors and defense lawyers who attended a hearing in U.S. federal court in New York on Thursday [April 19]. The employee is suspected […]
Judge Orders Liquidation of a Fletcher Hedge Fund
NYT – A judge in the Cayman Islands ordered the liquidation of a hedge fund run by Fletcher Asset Management after three Louisiana public pension funds told the court they weren’t able to withdraw their money from the fund. The […]
Northern Trust named Best Administrator for UCITS Hedge Funds
Northern Trust has been named Best Administrator for UCITS funds at HFMWeek magazine’s European Hedge Fund Services Awards, for the second consecutive year. The 2012 Awards, which took place in London in March, recognised companies that outperformed their peer group in […]
Goldman Said in Talks to Sell Petershill Hedge-Fund Portfolio
Bloomberg – Goldman Sachs Group Inc. is in talks with a Credit Suisse Group AG unit to sell its Petershill fund that buys stakes in hedge funds, according to two people familiar with the matter. The negotiations with New York-based […]
Ex-Goldman exec moves to UBS hedge fund group
Reuters – Scott Molin, formerly an executive in Goldman Sachs Group’s hedge fund group, has joined UBS as a managing director, mostly focused on hedge funds, according to an internal memo obtained by Reuters. Molin, who has spent more than […]
Hedge Fund People Moves: Eric Greenhut Joins Ramius
New York (HedgeCo.net) – Ramius LLC, the $10.3 billion hedge fund management business of Cowen Group, Inc., has announced that Eric Greenhut has joined the firm as a Managing Director and Head of Quantitative Trading. In a newly created role, […]
Remarks by Assistant Secretary for Financial Institutions Cyrus Amir Mokri on Financial Regulatory Reform
US Treasury – The Dodd-Frank Act creates a comprehensive framework of regulation for the OTC derivatives markets. The elements of this framework include regulation of dealers, mandatory clearing, trading, and transparency. The framework established under the Dodd-Frank Act is consistent […]