Monthly Archives: July 2011
Update: Hedge Fund Law Firms Cole-Frieman & Mallon P.C. Announce Merger
New York (HedgeCo.net) – Two hedge fund law firms, Cole-Frieman LLP and Mallon P.C., have teamed up to create Cole-Frieman & Mallon LLP., the 3rd largest hedge fund practice based in San Francisco. The combined firm has over 200 hedge fund industry […]
Hedge Fund Tech: Direct Access Partners and Paladyne Systems Team Up
Press Release – Direct Access Partners, LLC, (DAP), a leading multi-asset class trading and prime brokerage firm, and Paladyne Systems, Inc., the leading provider of next generation investment management solutions, today announced a strategic relationship to provide Paladyne’s turn-key technology […]
James Kelly Joins Citi as Pensions Specialist in Hedge Fund Capital Introductions
New York (HedgeCo.net) – James Kelly has joined Citi’s Prime Finance Group, expanding Prime Finance’s capital introductions capabilities for its hedge fund client base. Kelly joins Citi as Director and Pensions Specialist within Prime Finance’s Capital Introductions Group. “As more […]
Ex-TPG Axon’s Kumar Stops Raising Investor Money for LionRock Hedge Fund
Bloomberg – LionRock Capital Pte, run by a founding partner of TPG-Axon Capital Management LP, will stop seeking outside investors for its hedge fund that will focus on managing the partners’ money. “I can confirm that LionRock will no longer […]
In Cantor, hedge funds and private equity firms have voice at debt ceiling negotiations
Washington Post – As the debt-ceiling talks tick down to the Aug. 2 deadline, leading the opposition to any deal that includes higher taxes is the new tribune of rank-and-file House Republicans: Majority Leader Eric Cantor of Virginia. Cantor’s pivotal role […]
Ex-Citigroup Hedgie Seeks Stake In Israel Englander’s Millennium
Barron’s – It seems that Israel Englander, whose Millennium Management is arguably one of the most profitable hedgies in the business, isn’t resting on his laurels. He’s floating a minority stake in his powerhouse trading firm, reports the WSJ. Interestingly, […]
Athena Capital Advisors Announces Acquisition of Stonehorse Capital Management
Athena Capital Advisors, a Registered Investment Advisor providing investment advisory and management services to both private and institutional clients, today announced that it has acquired Stonehorse Capital Management, a fund of funds manager focused on emerging hedge funds (generally those […]
Hedge Fund AQR To Use Game Theory To Exploit Market Inefficiencies
New York (HedgeCo.net) – $41 billion Connecticut hedge fund manager AQR Capital Management has launched a reinsurance group to develop investment strategies that have low correlation with traditional markets and hedge funds. The group will be run by David G. Kabiller […]
Jail Time: 7 Hedge Fund Convictions Over The Weekend
New York (HedgeCo.net) – Over the weekend there were hedge fund fraud related convictions in the US, Australia and Germany. All were sentenced to serious jail time. US: Five employees for hedge fund manager A&O Resource Management Ltd were sentenced for their part in a […]
Gold Advances to Record as U.S. Debt Deadlock
Bloomberg – Gold climbed to a record in London and New York as U.S. lawmakers failed to reach an agreement on raising the federal debt limit, boosting demand for the metal as a protection of wealth. U.S. House Speaker John Boehner […]
Beyond the debt crises
Reuters – A late-summer bounce beckons for stocks and other higher-risk assets if U.S. officials can follow Europe in at least delaying a deeper crisis over growing government debt. Broadly, asset managers have so far reacted to the debt troubles on […]
Chinese hedge fund Springs Cap expands to HK in growth push
Reuters – Chinese hedge fund Springs Capital is expanding its presence to Hong Kong as it looks to strengthen its expertise on H shares and win more offshore clients, a top executive said on Monday. The firm, managing about $700 […]