Monthly Archives: May 2011
Ireland Inc could hedge its bets with fund administration growth
Irish Independent – As Queen Elizabeth and her entourage journey through Ireland this week, the country’s establishment is doing its best to highlight a range of vibrant industries to the outside world — from digital media, to nano science to green tech […]
Diamondback manager pleads guilty in insider case
Baltimore Sun – A former portfolio manager at the Connecticut hedge fund Diamondback Capital Management has pleaded guilty to fraud and conspiracy, the latest defendant to admit wrongdoing in the government’s broad probe into hedge fund insider trading. Anthony Scolaro, […]
Hedge fund Tantallon triples assets from lows, eyes $500 mln
Reuters – Singapore-based hedge fund Tantallon Capital has tripled assets to about $300 million from 2009 lows and hopes to grow assets to $500 million, co-founder Alex Hill said, as investor interest in Asian hedge funds revives and performance improves. […]
Hedge Fund People: Crestone Capital Advisors LLC Names Jennifer Hardy Chief Compliance Officer
Crestone Capital Advisors LLC, an independent wealth management firm with a singular focus on serving ultra-high-net-worth individuals and families, announced that it has named Jennifer Hardy as Chief Compliance Officer. Ms. Hardy joined Crestone Capital Advisors in 2006 and most […]
Rajaratnam Hedge Fund Debacle Just “Tip of the Iceberg” For Rajat Gupta
New York (HedgeCo.net) – Being entangled with the Galleon hedge fund scandal was just the tip of the iceberg for former McKinsey partner Rajat Gupta, according to the 2011 July issue of Bloomberg Markets magazine. At McKinsey, a firm known […]
LinkedIn boosts IPO price range 30 percent
LinkedIn Corp, a website where professionals connect with one another, said its initial public offering will likely raise 30 percent more than previously expected, a sign that investors are eager to bet on social networking companies. LinkedIn now plans to […]
Insider trial jurors asked about Rajaratnam, bias
Reuters – In a trial of three New York securities traders on insider trading charges, several jurors told the judge on Tuesday they could consider the case separately and impartially from last week’s conviction of high-profile Galleon Group hedge fund […]
Dan Zwirn Seeks Comeback With Alda Three Years After Shutting Hedge Fund
Bloomberg – Daniel Zwirn, the New York investor forced to shut a $4 billion hedge fund because of client withdrawals, is starting over with a new publicly traded fund that will be safe from redemptions. Zwirn will help manage a closed-end […]
Sirius Hedge-Fund Sellers Outnumber Buyers
TheStreet – Sirius XM Radio was a popular pick for hedge fund managers to both buy and sell during the first quarter, a period during which the satellite-radio provider’s share price rose by only 2 cents. It’s rare for Sirius […]
Paulson Hedge Fund Takes $1 Billion Stake in Hewlett-Packard
BusinessWeek – Paulson & Co., the $36 billion hedge fund founded by John Paulson, took a stake in Hewlett-Packard Co. and increased its holding of Transocean Ltd., adding companies undergoing transformations to its bets on gold. Paulson bought 25 million […]