Monthly Archives: April 2010
People Moves: AIS Hedge Fund Admin. Appoints Dan J. Schulman as General Counsel
New York (HedgeCo.net) – AIS Fund Administration (AIS) announced today the appointment of Dan J. Schulman Esq. as general counsel to AIS and its affiliated companies. Mr. Schulman has extensive experience, spanning a quarter-century, representing fund administrators, hedge funds, broker/dealers, […]
David Roskoph: Catalyzing an American Renaissance Part 1
New York (Editorials and Opinion) – Having just lived through a Modern Depression, most assume the present rally off the bottom has been fueled by narcotics or, worse yet, plain hope. Nope. This time the economic tide went so far out […]
Hedge funds take over Philly newspapers
UPI – An unnamed coalition led by hedge fund Angelo, Gordon & Co. from New York has outbid a local group for control of three Philadelphia news outlets. The hedge fund group offered $105 million in cash to take the […]
Hedge Funds Seek $2 Billion in Damages From Porsche SE
ABC News – Six more hedge funds joined a lawsuit against Porsche SE over alleged securities fraud and manipulation on Thursday, with the plaintiffs doubling the damages they are seeking to $2 billion. A spokeswoman for the plaintiffs said the […]
Former Goldman Energy Trader Saiz Planning Commodity Hedge Fund
Bloomberg – Gilbert Saiz, the former head of Goldman Sachs Group Inc.’s European fuel-oil desk, plans to start an energy hedge fund. The Vector Commodity Fund will be based in London and trade crude oil and refined products, John Thompson, […]
Hedge fund guru sees bargains in Europe debt woes
Reuters – Southern Europe’s debt crisis is creating excellent buying opportunities in certain beaten- down stocks such as Spanish and Italian banks, hedge fund veteran Philippe Jabre told Reuters on Thursday. The controversial former manger of GLG — one of […]
RAB Capital held back by client outflows
Reuters – RAB Capital said assets under management have been static this year as flows of money into its funds failed to keep pace with rivals in a hedge fund industry recovering from its worst crisis on record. Assets under […]
Hedge Fund Settles Metals-Market Manipulation Case
WSJ – Moore Capital Management, the veteran hedge-fund firm ensnared earlier this year in a U.K. insider-trading probe, agreed to pay $25 million to settle a regulatory investigation over allegedly manipulative commodity-futures trading two years ago. The U.S. Commodity Futures […]
HK hedge fund DragonBack sees assets cut by 85 pct
Reuters – Hong Kong-based hedge fund manager DragonBack Capital has seen a dramatic reversal in its fortunes over the last 12 months, with its assets plunging 85 percent to around $45 million amid continued redemptions from fund of hedge funds. […]
Cayman Islands laws slammed over hedge fund ruling
Financial Times – The decision to strike out court proceedings, launched with the aim of forcing the winding up of a Cayman-based hedge fund, has been criticised by Laven Partners. The firm has said the Cayman Islands Court of Appeal’s […]
Iraqi Babylon Hedge Fund Q1 Report
New York (HedgeCo.net) – The high risk Iraqi Babylon Fund reported its Q1 resullts, showing a modest loss of 2.8% in the hedge fund’s price over the three-month period. In the same period the Iraqi stock market lost -7% in […]
Brian Jacobs Named Chief Executive Officer At Hatteras Funds
People Moves (HedgeCo.net) – Hatteras Funds, a leading provider of unique alternative investment solutions specifically designed for financial professionals, announced today that Brian Jacobs has been named Chief Executive Officer. Founder and former CEO David B. Perkins, CAIA, will continue […]
