Monthly Archives: May 2011
People Moves: Former US Treasury Senior Advisor Joins Hedge Fund James Caird
New York (HedgeCo.net) – London/New York hedge fund, James Caird Asset Management, has appointed Mary Goodman, former Special Assistant to the President for Financial Markets at the Nation Economic Council (NEC) and Senior Advisor to the Treasury, as Managing Director. […]
UBS to Pay $160 Million to Settle SEC Charges
New York – The Securities and Exchange Commission today charged UBS Financial Services Inc. (UBS) with fraudulently rigging at least 100 municipal bond reinvestment transactions in 36 states and generating millions of dollars in ill-gotten gains. To settle the SEC’s […]
Man’s AHL UCITS fund range moves to daily dealing
New York – Man Group plc (“Man”) announces that its range of UCITS funds now offers a daily dealing facility. The funds – Man AHL Trend and Man AHL Diversity – were initially launched with a weekly dealing cycle and […]
Venezuelan accountant pleads guilty in Conn. fraud
Las Vegas Sun – A Venezuelan accountant pleaded guilty Wednesday to charges that he helped a Connecticut-based hedge fund adviser attempt to cover up a massive, five-year pyramid scheme that could cost investors hundreds of millions of dollars. Juan Carlos […]
Commodities fund loses $400 mln in oil slide
Reuters – Clive Capital, the world’s largest commodity hedge fund, lost more than $400 million due to the collapse of the price of oil last week, according to the Financial Times on Sunday. The London-based fund, which manages an estimated […]
JSE will monitor hedge fund trading with Momentum tool
BusinessDay – In what the JSE says is a move designed to bring much needed transparency to the unregulated hedge fund industry, it has announced the purchase of Momentum’s Managed Account Platform (MAP). The Competition Commission has approved the acquisition […]
Hedge Fund Launch: UCITS III Helicon Fund
New York (HedgeCo.net) – Heptagon Capital, a $3.6bn specialist asset management business set up in 2005, has launched the Helicon Fund, an internally managed UCITS III structure product. Incorporated in Ireland, the Helicon Fund is listed on the Irish Stock […]
Proposed Actelion board members
Reuters – Actelion, Europe’s largest biotech company, squares up to hedge fund Elliott Advisors at its annual general meeting on Thursday and hopes shareholders will back board candidates it has proposed. New York-based fund Elliott, which is urging Actelion to […]
Maya Fund: A Bodybuilder’s Brainy Hedge Fund
BusinessWeek – Sonia Schulenburg is trying to prove that artificial intelligence can outdo the human kind when it comes to picking stocks. Born and educated in Mexico City, she moved to Edinburgh, where she competed as a bodybuilder while earning […]
Jay Gallagher Joins FletcherBennett To Expand Institutional Hedge Fund Coverage
New York – FletcherBennett Capital LLC announced the hire of James J. (“Jay”) Gallagher, Jr. as a Principal to expand FletcherBennett’s institutional hedge fund investor coverage. FletcherBennett is a consulting firm for the hedge fund industry, specializing in business development […]
Klarman’s Baupost to Set Up in London to Cash In on European Debt Crisis
Bloomberg – Baupost Group LLC, a $24 billion Boston-based hedge fund run by Seth Klarman, will open its first overseas office in London, two people with knowledge of the plans said. Jim Mooney, a managing director at Baupost, will oversee the operation […]