Monthly Archives: May 2011
Paulson in line for $726m payout on Lehman debt
The Independent – John Paulson, the hedge fund manager who made billions betting against the risky mortgages that bankrupted Lehman Brothers, is set to reap another small fortune from his investments in the defunct bank’s debt. Paulson & Co, Mr Paulson’s fund, […]
Meet The Hedge Fund Manager/Movie Producer Who Lost $500 Million Last Week
Business Insider – So far the biggest loser of the commodities dump is BlueGold Capital Management. Pierre Andurand’s $2.4 billion fund lost 20% last week, or $500 million, according to the Wall Street Journal. The losses are rough (his are […]
Ex-Galleon Trader Kimelman Wants Jury Told He Rejected Plea Deal With U.S.
Bloomberg – Former Galleon Group LLC trader Michael Kimelman said he wants jurors at his upcoming insider- trading trial to be told that he could have avoided jail by admitting guilt and rejected a plea deal because he’s innocent. Kimelman […]
Hedge Fund Poeple: Leah Modigliani Appointed Senior VP at Neuberger Berman
New York (HedgeCo.net) – $199 billion hedge fund solutions provider, Neuberger Berman Group LLC., has appointed Leah Modigliani as a senior vice president and multi-asset class strategist, reporting to Alan Dorsey, the firm’s head of investment strategy and risk. This […]
Chelsea Clinton’s husband Marc Mezvinsky opts to start his own private hedge fund this year: source
NY Daily News – The 33-year-old husband of Chelsea Clinton created a mini media firestorm early this year when news came that he left his job at New York hedge fund 3G Capital before the holidays to take an extended […]
DuPont confident on Danisco bid as hedge fund lurks
Reuters – U.S. chemicals group DuPont said it was confident its increased $6.4 billion offer for Denmark’s Danisco would succeed, after a hedge fund stoked uncertainty over the takeover. DuPonte affirmed on Tuesday that its revised bid of 700 Danish crowns ($134.1) […]
Morningstar Announces Keynote Speakers, Agenda for 23rd Annual Investment Conference
Morningstar, Inc., a leading provider of independent investment research, is hosting its 23rd annual investment conference for financial advisors Wednesday, June 8 through Friday, June 10, at McCormick Place Convention Center in Chicago. This year’s keynote speakers are Bill Gross, founder, managing director and […]
LinkedIn prepares for US flotation
Guardian – Reid Hoffman, the co-founder and chairman of LinkedIn, will join the company’s other shareholders, Bain Capital, Goldman Sachs and McGraw-Hill, in selling 3m shares in the public offering. LinkedIn will offer a further 4.8m shares. Major (hedge fund) […]
US hedge fund brings CTA strategy to Europe
CityWire – Florida-based hedge fund DUNN Capital management, a CTA with $1 billion AUM, is to launch a Ucits III version of its flagship global monetary and agriculture fund. The WMA Ucits fund will sit on ML Capital’s MontLake Ucits platform and seek […]
May 2011 Preliminary Report: Distressed Debt Hedge Funds Take The Lead
New York (HedgeCo.net) – Trend-following strategies were the most successful as the markets’ movements were positive at the start of the month and ended with a sharp upturn, according to the May 2011 Eurekahedge Preliminary Report. All strategies delivered positive returns in […]
HSBC, RBS, Barclays, Hooters, Lehman, Rajaratnam in Court News
San Fransisco Chronicle – – HSBC Holdings Plc, Royal Bank of Scotland Group Plc and Barclays Plc will set aside about $3.4 billion for customers improperly sold personal-loan insurance after abandoning a lawsuit to avoid paying compensation. Barclays, Britain’s second-biggest […]
The renaissance of the hedge fund industry
The Financial – Until recently, star traders could choose the investment bank that suited them best in which to deploy their talents. However, with the Dodd-Frank Act enshrined in US law last year —effectively placing a lid on “speculative” proprietary […]