Monthly Archives: May 2010
GLG’s Lagrange brings superstar culture to Man
Reuters – Long-haired art lover Pierre Lagrange is symbolic of the informal, star manager culture that Man Group is seeking to acquire with a $1.6 billion purchase of GLG. The softly-spoken Belgian, co-founder and senior managing director at GLG, is […]
Uneasy Investors Buy Funds That Short Stocks
The Street – How can you cope with falling markets? More investors are turning to funds that sell short or use other techniques employed by hedge funds. Top short-selling funds have demonstrated that they can limit losses in downturns and […]
Financial Overhaul Bill Poses Big Test for Lobbyists
NYT – Last Wednesday, Representative David Scott, Democrat of Georgia, mingled with insurance and financial executives and other supporters at a lunchtime fund-raiser in his honor at a chic Washington wine bar before rushing out to cast a House vote, […]
2 Year Sentence in Galleon Hedge Fund Insider Trading Case
New York (HedgeCo.net) – The Wall Street Journal reports that Mark Kurland, former partner at hedge fund New Castle Funds LLC was sentenced to over two years in prison (27 months). Kurland pled guilty to insider trading in January with […]
Hedge Funds Sell Crude Fastest in Eight Months: Energy Markets
BusinessWeek – Hedge funds sold oil at the fastest pace in almost eight months, cutting their bullish bets by 32 percent as crude prices plunged on concern Europe’s debt crisis will hurt energy demand. The speculative net-long position in crude […]
Financial Overhaul Bill Poses Big Test for Lobbyists
NYT – Last Wednesday, Representative David Scott, Democrat of Georgia, mingled with insurance and financial executives and other supporters at a lunchtime fund-raiser in his honor at a chic Washington wine bar before rushing out to cast a House vote, […]
Hedge Funds Need to Register With SEC
Wall Street Journal: Hedge funds are about to come out of the regulatory shadows. The Senate and House versions of the bill require all hedge-fund advisers over a certain size to register with the Securities and Exchange Commission. That would […]
Investcorp eyes overlooked hedge funds
Reuters – Medium-sized hedge funds are slipping under the radars of nervous investors but can offer great investment opportunities, says Investcorp, which is considering offering capital to these portfolios. Deepak Gurnani, the Bahraini investment firm’s head of hedge funds, said […]
Pardo Financial Group Launches Multi-Advisor Managed Futures Fund
New York (HedgeCo.net) – Pardo Financial Group is launching a managed futures fund that allocates across multiple registered CTAs. The Pardo Strategic Alpha Fund (PSA), is a multi-advisor fund that combines the return streams of several professional Commodity Trading Advisors […]
Patterns Emerge From the Secondary Hedge Fund Market
New York (HedgeCo.net) – The average price for assets on the secondary hedge fund market has risen again to 91% of NAV, according to Hedgebay’s April index, continuing the volatile trend seen since the start of the year. The last […]
Santander suspicious of Bernard Madoff in 2006
Telegraph – Santander, which has bought Abbey, Alliance & Leicester and parts of Bradford & Bingley in the UK in recent years – staff were aware that the convicted fraudster’s operations were “shrouded in secrecy” and that his trading was […]