Monthly Archives: April 2010
Cairn Capital takes over Credaris credit fund
Reuters – Fund firm Cairn Capital has taken over management of smaller rival Credaris’s credit fund as smaller hedge funds look for ways to beef up assets and attract wary investors in the wake of the credit crisis. Cairn, which […]
Man who blew Madoff whistle meets SFO
The Independant – Harry Markopolos, the whistleblower credited with unearthing the $60bn Bernie Madoff hedge fund fraud in the US, met with officials at the Serious Fraud Office in London last week to discuss the involvement of British feeder funds […]
People Moves: Hedge Fund Manager Arrow Appoints John DeRaimo Chief Operating Officer
Hedge fund manager Arrow Capital Management, LLC today announced the appointment of John DeRaimo to the newly-created role of Chief Operating Officer. John will assume responsibility for the firm’s operations, including its strategic growth initiatives. He will report to Co-Managing […]
New York reaches $7 million settlement in alleged pension-fund scandal
Washington Post – Law enforcement officials moved a step further in their investigation of the Obama administration’s former auto industry adviser, reaching settlements with the private-equity firm he co-founded in an ongoing corruption probe that has touched several prominent Wall […]
Hedge Funds up 3.09% for the First Quarter of 2010
New York (HedgeCo.net) – Final performance for the Credit Suisse/Tremont Hedge Fund Index (“Broad Index”) is confirmed up 2.22% in March. “The Credit/Suisse Tremont Hedge Fund Index returned 2.22% in March, finishing the first quarter of 2010 up 3.09%.” Oliver […]
EU directive could hamper growth of Canadian hedge funds
Investment Executive – The European Commission’s current draft directive to regulate alternative fund managers operating in the European Union could prevent Canadian hedge funds from attracting capital in the EU, the Alternative Investment Management Association – Canada Inc. is warning. […]
Pension Corp eyes property and hedge funds
Reuters – Pension Corp, the specialist insurer, is making a first foray into property and has upped its hedge funds exposure as part of a broad effort to diversify a largely fixed-income and cash-oriented strategy. Rob Sewell, chief financial officer, […]
Cuomo’s State Pension Inquiry Extends to the Current Comptroller’s Office
NYT – The sprawling investigation into the state pension fund has reached the office of the current state comptroller, Thomas P. DiNapoli, the attorney general’s office acknowledged on Thursday. The acknowledgment came after the office of the attorney general, Andrew […]
K1 Hedge-Fund Probe Yields More Arrests, Raids, Prosecutors Say
BusinessWeek – The German probe into K1 Group, a hedge-fund at the center of an international investigation, yielded two more arrests, prosecutors said. The managing director of K1 Global Ltd. and K1 Invest Ltd., the group’s funds based in the […]
RBC Hedge 250 Index Returned 1.59% in March 2010
New York (HedgeCo.net) – RBC Capital Markets reported that for the month of March 2010 the RBC Hedge 250 Index(R) had a net return of 1.59 percent. This brings the year-to-date return of the Index to 1.80 percent. These returns […]
SEC Actively Recruiting Hedge Fund Managers
New York (HedgeCo.net) – Bloomberg reports that hedge fund managers are being recruited by the SEC to boost oversight of the $14 trillion hedge fund industry. “The fund world has become much more sophisticated and complex over the last decade,” […]