Monthly Archives: May 2009
SEC Goes After Hedge Fund Managers
Courthouse News Service – Hedge fund operates took more than $2.5 million in kickbacks while putting clients into grossly overstated Wealth Management LLC accounts, the SEC claims in Federal Court. It sued the hedge fund, its managers James Putman and […]
Hedge Fund Mgr Schoenfeld Backs Icahn/Eastbourne Amylin Slate
CNNMoney.com – A major shareholder of Amylin Pharmaceuticals Inc. ( AMLN) is backing a slate of dissident directors nominated by Carl Icahn and another hedge-fund manager, Eastbourne Capital Management. P. Schoenfeld and Associates, which owned 2.1 million Amylin shares as […]
Horlick fund posts defence against rebels
The Independent – Bramdean Alternatives Ltd, the investment fund started by Nicola Horlick, said it shouldn’t be wound up, as proposed by one of its largest investors. Elsina Ltd, a British Virgin Island-registered investment company controlled by UK property investor […]
Hedge-Fund Harpies Crave Birkins, Steal Husbands; Psycho Critic
Bloomberg – It is a truth universally acknowledged that a hedge-fund wife whose fortune takes a dive will be looking for a wealthier husband. Tatiana Boncompagni, after all, says it’s so in her frothy novel “Hedge Fund Wives.” Her Upper […]
Hedge Fund Insurance Costs Rise as Lehman, Madoff Spur Scrutiny
Bloomberg – The cost of insuring hedge funds against negligence has risen as much as 20 percent in the past six months after Lehman Brothers Holdings Inc.’s bankruptcy and Bernard Madoff’s Ponzi scheme increased the threat of lawsuits. A fund […]
Steven Soderbergh on hookers and hedge funds
St. Louis Post-Dispatch – For his 20th feature film, “The Girlfriend Experience,” director Steven Soderbergh has returned to a theme he explored in his breakthrough “sex, lies and videotape”: infidelity. Yet the Oscar-winning director of “Traffic” and blockbusters such as […]
Hedge Fund Performance for April 2009
West Palm Beach (HedgeCo.net) – In a preliminary hedge fund performance report for April 2009 and asset flows through March, Morningstar reported the largest one month-return since January 2006—bringing hedge fund returns into positive territory for 2009. "Over the last […]
Stanford Completes Second Phase of Hedge Fund Case Study
West Palm Beach (HedgeCo.net) – The second phase of a hedge fund business model case study has been finalized by the Stanford University’s Graduate School of Business. GlobeOp is the first hedge fund administrator to be featured in a case […]
Hedge Fund Industry Expert Hired to Run Distressed Mortgage Securities Tool
West Palm Beach (HedgeCo.net) – LoanInsights, a San Francisco-based financial services and technology company, has hired James Sias as Director of Business Development. Sias will be responsible for working with banks, hedge funds and US government entities to help them […]
Petite hedge fund WLTM larger partner?
Reuters Blogs – Finding the right partner can be difficult, which is why matchmaking can be helpful. That’s precisely what recruitment firm Alpha Search Advisory Partners is attempting to do with its Hedge Fund Consolidation practice, launched today. The unit, which aims […]
Falkland Oil raises 7.6 million stg in placing
Your Industry News – Falkland Oil and Gas Ltd (FOGL.L: Quote) said it conditionally raised about 7.6 million pounds ($11.8 million) to help fund capital expenditure on long-lead drilling equipment, and general and administrative costs through 2010 into 2011. The […]