Monthly Archives: May 2012
The Coming Hedge-Fund Merger Wave
Barron’s – Hedge-fund marketing leads to mergers and consolidation: That’s the short version of the argument voiced this week by Larry Tabb, founder and chief executive of the Tabb Group. And smaller hedge funds, the ones some voices are predicting […]
Hedge-Fund Millionaire Diggle Targets $150 Million for Farm Fund
Bloomberg – Vulpes Investment Management, the Singapore company set up by hedge-fund manager Stephen Diggle, plans to raise as much as $150 million over the next few months for a fund that invests in farms around the world. The $35 […]
Hedge fund performance stays flat in April
The Asset – Early performance indicators point towards a broadly flat performance from hedge funds in April, according to investment management firm GAM. The HFRX Global Index was up by 0.05 percent through April 27, and up three percent year-to-date. […]
Northern Trust Hedge Fund Services Prepares Clients For New Regulation
New York (HedgeCo.net) – Due to the new shift in regulatory oversight, Northern Trust’s hedge fund administration unit, Northern Trust Hedge Fund Services LLC, has started actively working with its private fund clients to provide the data necessary for Form […]
Research: Hedge Fund Fees Get A Makeover As Investors Take The Upper Hand
New York (HedgeCo.net) – Only around one-third* of outperformance from skill** should go to hedge fund managers in the form of fees, with the rest going to the investor according to new research from Towers Watson, the global professional services […]
Feds sue Utah hedge fund owner
The Salt Lake Tribune – Federal regulators are suing a Utah hedge fund owner over allegations he artificially inflated assets and charged excessive fees. Russell K. Cannon, 38, of North Salt Lake, is one of three Utahns who have been […]
Hedge Fund Plan Put Off After Co-Founder Has Stroke
Bloomberg – Dublin Hill Capital, the investment firm co-founded by Richard Ruzika, former chief of Goldman Sachs Group Inc. (GS)’s special situations group, suspended plans to start a hedge fund after Ruzika suffered a stroke. Ruzika, 53, is in intensive […]
Telus girds for battle with U.S. hedge fund
Vancouver Sun – Telus has filed a complaint with the B.C. Securities Commission regarding conduct of a New York hedge fund that happens to be the telecom’s single-largest shareholder. Telus alleges in the complaint, filed earlier this week, that Mason […]
McClendon’s Secret Hedge Fund Appears To Violate His Fiduciary Duty To Chesapeake
Forbes – Another day, another big, bad revelation about Aubrey McClendon. A tip of the hat to the seven Reuters’ reporters who uncovered this latest story on the $200 million hedge fund that McClendon and co-founder Tom Ward were running […]
Senator Seeks U.S. Probe Into Chesapeake Energy
Reuters – U.S. Senator Bill Nelson (D-Fla.) plans to ask the Justice Department to investigate Chesapeake Energy Corp. for potential fraud and price manipulation, an aide to the lawmaker said. Mr. Nelson’s request comes after Reuters reported on Wednesday [May […]
Ex-Trader at Enron to Retire From Hedge Fund
WSJ – John D. Arnold, a former star trader at Enron Corp. who went on become one of the energy markets’ biggest speculators, is retiring from his hedge fund at 38 years old to focus on his philanthropic interests, a […]
Fed’s Tartullo: More Must be Done on Shadow Banking
Reuters – U.S. regulators should take steps soon to strengthen government oversight of money market funds and short-term bank funding markets so that the “shadow” banking system can be better policed, a top Federal Reserve official said on Wednesday [May […]