Monthly Archives: May 2010
Watch hedge funds become fall guys for Europe’s crisis
Times Live – If investment banks were permitted to create murky products out of bundled-up mortgages that home owners were unlikely ever to repay, then hedge funds were going to trade them. Any money manager worth his salt will try […]
People Moves: Millennium Hires Industry Veteran to Oversee Continued Asian Expansion
New York (HedgeCo.net) – Millennium Management LLC, a New York-based global investment management firm, announced today that it has broadened its Asian platform by naming Kunho Cho as the firm’s Chairman, Asia. Mr. Cho was formerly Head of Investment Banking, […]
Survey: Hedge Funds & FoHFs Expect Competition
New York (HedgeCo.net) – International hedge fund advisory firm, Rothstein Kass, released a survey report “A Call to Action” on key trends impacting the fund of funds sector. Findings suggest that the hedge fund industry expects intense competition for investment […]
Hedge Fund Adviser & Politician Charged in Fraud Case
New York (HedgeCo.net) – Hedge fund adviser Kenneth Starr has been charged with investment fraud in an alleged $30 million scheme in which Andrew Stein, a former New York City politician, has also been described as an “associate”, the Wall […]
Hedge-fund swindler faces pre-sentencing hearing today
LoHud (NY) – James Nicholson, a former Rocklander convicted of stealing millions of dollars from 400-plus hedge fund investors, takes the first step toward prison today at a pre-sentencing hearing in U.S. District Court. During the hearing, a prelude to […]
Hedge fund boss who found he couldn’t escape the regulator
The Independent – When Art Samberg pushed himself to climb Kilimanjaro in 2000, to celebrate his 59th birthday, he was already at the summit of the hedge fund world. In fact, he is sometimes called the grandfather of the industry, […]
City cheered as flagship fund leads recovery at Man
TimesOnline – The world’s largest listed hedge fund manager reported forecast-busting annual profits yesterday, boosted by a recovery in its flagship $21 billion AHL fund. Shares in Man Group, which last week snapped up its smaller rival GLG for $1.6 […]
Funds seek Midas touch with miners
Reuters – Top hedge fund stock pickers have extended their bets on gold, adding gold mining stocks to their investments in the precious metal. Last year, investors such as John Paulson and Richard Chilton piled into shares of the exchange […]
Man returns underscore rationale behind GLG move
Financial Times – Mixed returns and heavy redemptions from clients at Man Group underscored plans to acquire rival GLG Partners, management at the FTSE 100 listed hedge fund said in its full-year results released yesterday. Pre-tax profits at Man, one […]
Falcone makes big bet on food products
Reuters – A deal to combine Corn Products International and Bunge Ltd fell apart in 2008, but the two leading makers of agriculture and food products have been united this year in the $10 billion portfolio of hedge fund star […]
Gibraltar eyes larger hedge fund sector
City AM – Gibraltar is looking to grow as an international destination for hedge funds as the prospect of tighter regulation makes more exotic jurisdictions appear less attractive. Senior figures said the British territory, which is part of the European […]
Profiles highlight shortlisted hedge funds
Hedge Fund Review Magazine – For the Hedge Fund of the Decade Man Investments’ AHL Alpha, Quality Capital Management’s Global Diversified Programme, Nektar Asset Management’s Nektar Fund, the Rubicon Global Fund, the IKOS Hedge Fund and the Winton Futures Fund […]