Monthly Archives: April 2010
OM Global Hedge Fund Launch
New York – (HedgeCo.net) – Traditional and alternative asset managemer, OM Investment Management has launched a new hedge fund, the OM Global Investment Fund. Launched on April 1, 2010, the new hedge fund expects to raise $50 million by June, […]
Cable & Wireless moves towards hedge funds
HFM Week – The $3.23bn Cable & Wireless Superannuation Fund is looking to increase hedge fund allocations as it moves to diversify away from traditional equities allocations, HFMWeek can exclusively reveal. The pension scheme, which has nearly 25,000 members, currently […]
Hedge Fund Manager Released On Bail in Texas/Canada/China Investment Fraud Case
New York (HedgeCo.net) – Weizhen Tang was jailed in mid-January this year on the charges of running a multi-million dollar Ponzi scheme. The SEC said that the defendant orchestrated the fraud through an overseas hedge fund and a Texas-based investment […]
JPMorgan Sued by Fund Manager for $31 Million Over Spinout Pact
BusinessWeek – A JPMorgan Chase & Co. subsidiary was sued by a former employee who said the bank fired him without cause and breached a spinout agreement that allowed him to leave with the private equity team and platform he […]
John Paulson defends hedge fund’s investment deal with Goldman Sachs
WSJ – John Paulson hasn’t been accused of any wrongdoing. But the hedge-fund billionaire and president of Paulson & Co, has gone on the offensive to reassure investors that his huge firm will emerge unscathed from a case that has […]
IMF proposes 2 new taxes on banks, hedge funds
USA Today – The International Monetary Fund is proposing two new taxes on banks, hedge funds, insurers and other financial institution to pay the cost of future failures and rescues, the BBC is reporting. The levies would extend to profits […]
Greece Hedgies Chase Final Yield Spurt as IMF Looms
Barrons – As the European Central Bank today warned its members that Greece’s financial needs were becoming more dire, Greek paper Banking News was reporting that hedge funds are playing a “waiting game” with Greek debt, on the expectation Greece […]
IMF says European debt crisis a boon for emerging markets
AFP – Europe’s debt crisis is sending investors flocking to the emerging markets of Brazil, China and India, the IMF said, as analysts asked if the crisis is changing the world economic order. In a report on the state of […]
SYZ & CO Acquires State Street’s Swiss Institutional Funds
New York (HedgeCo.net) – The Swiss banking group SYZ & CO today announced that it has signed an agreement with State Street Global Advisors (SSgA) for the transfer to SYZ & CO of SSgA’s Zurich-based institutional Swiss fixed income activities. […]
GLG hires Tisbury founder Gerard Griffin and partner Gerald Lucaussy
Telegraph – American-born Mr Griffin, who built Tisbury into a $2.7bn powerhouse, has dropped plans to rebuild the hedge fund following the heavy losses it sustained in the financial crisis. He and Gerald Lucaussy, a partner at Tisbury, are up-rooting […]
Wealth Manager-Merger arbitrage a good deal for investors
Reuters – Advisers looking to diversify client portfolios and provide reasonable returns may want to consider an investment strategy long favored by hedge funds — merger arbitrage. Tim Knepp, chief investment officer at Genworth Financial Asset Management, in a recent […]