Monthly Archives: May 2011
Sergei Magnitsky death: Russian police officer cleared of wrongdoing
Telegraph – The officer ordered Mr Magnitsky’s arrest on alleged tax evasion charges in 2008 after the lawyer accused him of helping to orchestrate a $230m (£140m) fraud against the Russian state. Mr Magnitsky was detained in a series of […]
A FrontPoint Founder Tries Again With a New Firm
DealBook – When FrontPoint Partners began in 2000, its founders envisioned the firm as a one-stop shop for multiple hedge funds, a distinctive strategy in an industry dominated at the time by single star managers. As FrontPoint fights to stay […]
Hedge fund Cevian hires former UK minister Myners
Reuters – Former British financial services minister Paul Myners, a strong advocate of shareholder engagement with companies in which they invest, is to join activist hedge fund Cevian Capital as chairman of its UK operations. Myners, former chairman of fund […]
Investors flee ex-GS trader’s Japan hedge fund
Reuters – Gaia Capital Management’s Japan-focused hedge fund, started by a former Goldman Sachs trader, lost more than three quarters of its roughly $150 million assets (91 million pounds) in just two months as the March 11 earthquake blew aside its assumptions, […]
US fund seeks management change at Charter Hall Office
Reuters – New York-based investment firm Orange Capital LLC plans wants to replace the management of Australian property trust Charter Hall Office REIT and plans to call an extraordinary general meeting, it said on Monday. Charter Hall Office has been […]
Barai founder admits guilt on insider trading
BusinessDay – Barai Capital Management founder Samir Barai has pleaded guilty to securities fraud and other charges as part of the US government’s largest crackdown on insider trading at hedge funds. Mr Barai, of New York, on Friday also pleaded […]
Ex-Fortress Stanley Ku plans hedge fund comeback with Complus
Reuters – Fortress Investment Group LLC’s former Hong Kong head Stanley Ku is setting up Complus Asset Management in his second attempt to break into the Asian hedge fund industry after closing Minerva Capital Management last year. Ku, a former […]
Two funds claim HSBC profited from Madoff Ponzi scheme
AHN – Two funds have filed a lawsuit against British bank Hong Kong and Shanghai Banking Corporation for profiting from hedge fund Bernard Madoff’s Ponzi scheme. Alpha Prime Fund and Senator Fund filed a claim against HSBC before a New […]
Some $100 billion locked up in “sliver’ of hedge funds
Investment News – Most hedge fund managers that stopped redemptions or put illiquid assets into emergency side pockets in 2008 and 2009 told investors that they needed two to three years to clear their portfolios so that they wouldn’t have […]
PerTrac Expands Hedge Fund Global Strategy and Marketing
New York (HedgeCo.net) – Hedge fund software provider PerTrac has added Lisa Corvese as Managing Director of Global Business Strategy and Jed Alpert as Managing Director of Global Marketing in response to the growth in hedge funds and the investment […]
EU watchdog eyes hedge funds, debt shorting
Reuters – Investors need more information on hedge fund risks, while planned European Union curbs on shorting sovereign debt could undermine regulatory credibility, the EU’s new securities watchdog said on Thursday. Steven Maijoor, chairman of the European Securities and Markets […]