Monthly Archives: May 2012
Jana Fund Sees 52% Gain in Value of Barnes & Noble Stake
Bloomberg – Jana Partners LLC, Barry Rosenstein’s hedge fund that’s known for pushing for change in the companies it invests in, saw the value of its stake in Barnes & Noble Inc. surge 52 percent today after Microsoft Corp. said […]
Hedge fund boss to cut LightSquared role
Independent – The hedge fund manager Philip Falcone has agreed to scale back his role at the tottering wireless internet venture LightSquared as he fights to save the company from bankruptcy. Mr Falcone’s Harbinger Capital has sunk around $3bn (£1.8bn) […]
Man Group Has $1B Outflows on AHL Losses
BusinessWeek – Man Group Plc (EMG), the world’s biggest publicly traded hedge fund manager, said clients withdrew a net $1 billion in the first quarter and costs such as employee bonuses ate up more cash than analysts expected. The shares […]
Currency Trading Hedge Fund Manager C-View in International Asset Raising Push
Press Release – C-View, the UK-based discretionary currency trading hedge fund manager, announced that it has selected alternative assets marketing firm MCAM Group to raise capital for the C-View Currency Managed Account Program (CMAP) and for the C-View Emerging, Developing […]
Hedge Fund Mergers & Acquisitions: Deloitte Expands Into The Restructuring Marketplace
New York (HedgeCo.net) – Hedge fund advisory, tax and consulting company Deloitte LLP., has acquired all of the assets of financial restructuring company CRG Partners. “Despite an improving economy, there are still companies facing significant operational and financial challenges,” said David Williams, […]
US wants Rajat Gupta insider trading jury to hear Rajaratnam calls
IBN – Prosecutors want the jury in May’s insider trading trial of former Goldman Sachs director Rajat Gupta to hear three secretly-recorded phone conversations of Galleon Group hedge fund founder Raj Rajaratnam as evidence of the purported conspiracy between them. […]
Costa Rican Man Convicted In Half Billion Dollar Fraud Scheme With Victims Worldwide
Newsroom America – The president of a Costa Rican company that sold reinsurance bonds to life settlement companies has been found guilty of carrying out a half-billion-dollar fraud scheme that affected more than 2,000 victims throughout the United States and […]
Activist hedge funds catch eye of institutional investors
Pensions & Investments – Activist hedge funds pulled in at least $2 billion in new assets from institutional investors over the past two years, with a marked acceleration in pace in the second half of 2011 and so far in […]
Regulatory Focus on Hedge Funds Continues
Forbes – The regulatory focus on hedge funds continued during the first quarter of 2012, as new iniatives continued to roll out, and milestones in the implementation of rules put on the books last year were hit. For “large” hedge funds, we […]
AIMA Guide: Institutional Investors and Hedge Fund Operational Infrastructures
New York (HedgeCo.net) -The Alternative Investment Management Association (AIMA), the global hedge fund association, has published a guide for investors and managers, written by members of AIMA’s Investor Steering Committee (ISC). “In light of the ongoing ‘institutionalisation’ of the hedge […]
BluMont Completes Hedge Fund Merger
BluMont Capital Corporation announced today that the merger of BluMont Core Hedge Fund into Exemplar Market Neutral Portfolio has been completed. The termination of the Core Hedge Fund was effective as of May 27, 2011. In that regard, BluMont Capital […]
Oil Drops on Slowing U.S. Economy, Europe Debt
Bloomberg – Oil dropped in New York, headed for its first monthly decline since August, on speculation that fuel demand will falter amid a slowdown in the U.S. economic recovery and Europe’s continuing debt crisis. Futures slipped as much as 1 percent […]