Monthly Archives: April 2012
Bacon’s Spinoffs Stumble as Hedge Funds Said to Liquidate
Bloomberg – Louis Moore Bacon built Moore Capital Management LLC into one of the biggest and most successful hedge funds over more than two decades. His record investing in startups run by former traders is less stellar. Salute Capital Management, […]
Crooked hedge fund manager known as ‘mini-Madoff’ dies in prison
Mail Online – Arthur Nadel, a former Florida fund manager dubbed a “mini-Madoff” for defrauding investors out of $168 million, has died in prison at the age of 80, a spokesman for the Federal Bureau of Prisons said on Tuesday. […]
Hedge funds face “make or break” year – Allstate
Reuters – Large institutional investors who have ploughed tens of billions of dollars into hedge funds may rethink their allocations if the industry performs poorly yet again this year, one large U.S.-based investor said. Christopher Vogt, global head of hedge […]
Hedge Fund Launch: Two Roads Shared Trust
New York (HedgeCo.net) – Gemini Fund Services, LLC (Gemini), an engaged partner to independent advisers as a provider of comprehensive, pooled investment solutions, and Cole-Frieman Mallon & Hunt LLP (Cole-Frieman), a premier boutique investment management law firm, providing top-tier, responsive […]
April EurekaHedge Report: Hedge Funds Cross $1.75 Trillion In Assets
New York (HedgeCo.net) – The Eurekahedge Hedge Fund Index was flat to marginally negative through March, losing 0.18%1 for the month, with the year-to-date figure standing at 4.08%. Japanese hedge funds posted the best monthly returns among regional mandates while […]
AIMA finds substantial differences between EC draft AIFMD and ESMA advice
Opalesque – The Alternative Investment Management Association (AIMA), the global hedge fund industry association, has published detailed analysis of the European Commission’s draft implementing rules for the Alternative Investment Fund Managers Directive (AIFMD) which shows substantial policy differences between the […]
U.S. Adds New Insider Trading Allegation Against Gupta
HedgeWorld – U.S. prosecutors have added a new insider trading allegation against Rajat Gupta, a former director of Goldman Sachs Group Inc. and Procter & Gamble Co. charged with illegally tipping his former friend Raj Rajaratnam, the convicted founder of […]
Hedge Fund Compliance: Paladyne Teams up With Advise Technologies To Handle Data
New York (HedgeCo.net) – As the first SEC deadline for private fund reporting approaches for hedge funds, Paladyne Systems has teamed up with Advise Technologies LLC to specifically support the new requirements. The new team plans to provide an interactive […]
Ex-Wall Street Bankers Bring Science to China’s Rocky Stock Market
Reuters – Ex-Wall Street bankers are betting science can exploit opportunities in China’s often rumor-driven stock market, with some predicting the quant-driven fund industry to grow by as much as 10-fold to 100 billion yuan within a few short years. […]
In Senate, Republicans Block Debate on ‘Buffett Rule’
NYT – Senate Republicans on Monday blocked a move to open debate on the so-called Buffett Rule, ensuring that a measure pressed for months by President Obama and Senate Democrats to ensure that the superrich pay a tax rate of […]
U.S. House Democrats Back Position Limits
Reuters – Barney Frank and 16 other Democrats in the House of Representatives have filed a friend-of-the-court brief in defense of a new rule curbing speculation in the commodities market that has been challenged by a financial industry lawsuit. The […]
Hedge Fund People Moves: Man names Ravi Chari as new co-head of FX at AHL
New York (HedgeCo.net) – Hedge fund giant, Man Group has appointed Ravi Chari as co-Head of Foreign Exchange at London-based AHL, its systematic managed futures manager. “We are pleased to be strengthening the team at AHL with someone who has such […]