Monthly Archives: May 2011
California Extends IA Exemption For Hedge Fund Managers
iStockAnalyst – California currently has an exemption from the registration requirements for certain fund managers with more than $25M of AUM (Rule 260.204.9). Back in March California requested input from the investment management community on how they might change the […]
Goldman Sachs Said to Ready Blackstone Challenge for Hedge-Fund Startups
Bloomberg – Goldman Sachs Group Inc. (GS) is seeking money to bankroll fledgling hedge funds, its second attempt since 2008 to break into a business now dominated by Blackstone Group LP (BX), according to three people with knowledge of the plan. […]
Artur Davis: Government To Act More Aggressively In Future Hedge Fund Stings
New York (HedgeCo.net) – After 11 days of deliberations, a federal jury in New York’s Southern District has found Galleon hedge fund manager Raj Rajaratnam guilty on all 14 counts of securities fraud and conspiracy — a clean sweep for […]
Fear and Loathing (at Industry Conference) in Las Vegas
WSJ – It was the big news hedge funds had been waiting for. And it conveniently broke when some 1,700 people in the business happened to be gathered here to size up what it meant for their industry. “It’s bad […]
Gordon Brown agrees to speak at hedge fund conference in Las Vegas
Telegraph – The former Labour Prime Minister was due to speak last night at the event in America sponsored by hedge fund firm SkyBridge Capital last night. The event, called the Salt Conference, is billed as “a forum representing an […]
BHA Q1 2011 Hedge Fund Highlights
New York (HedgeCo.net) – For the first three months of the year, investor interest in hedge funds revolved around two central themes, according to Brighton House Associates Q1 2011 Research Report (pdf). The first was the increase in corporate activity and […]
Fund tapes allowed in consultant’s U.S. trial
Reuters – The day after hedge fund founder Raj Rajaratnam was convicted based on phone tap evidence, another insider trading defendant lost a bid on Thursday to throw out recordings from her trial. Taiwan-born Winifred Jiau, 43, a former technology […]
Bayou Group Estate Wins $13 Million From Hedge Funds for Fraud Investors
Bloomberg – The estate of hedge-fund firm Bayou Group LLC, which turned out to be a Ponzi scheme, won a jury verdict requiring hedge funds that redeemed their money before Bayou collapsed to pay investors $13 million, a lawyer said. Today’s […]
Hedge fund managers ponder Armageddon
MarketWatch – A collapse of the banking system, the demise of the U.S. dollar as the reserve currency, another oil shock, a new round of junk-bond defaults and a meltdown in Japan’s bond market were among the doomsday scenarios explored […]
SAC’s Cohen says energy ‘interesting’ after commodities plunge
News Times – Steven A. Cohen, the billionaire founder of hedge fund SAC Capital Advisors LP in Stamford, said last week’s selloff in commodity markets makes this a good time to buy stock in energy companies. Energy is “an interesting sector,” […]
Multi-Manager Hedged Equity Mutual Fund Launch
New York (Hedgeco.net) – Orinda Asset Management LLC, an independent, privately-held asset management firm, announced today the launch of the Orinda Multi-Manager Hedged Equity Fund. The new hedge fund seeks long-term capital appreciation with an emphasis on risk-adjusted returns and […]