Monthly Archives: July 2010
CalPERS sued for documents related to failed $100 million investment in Page Mill properties
Mercury News – A nonprofit public interest organization has sued CalPERS to obtain records that may shed light on why the pension fund would invest $100 million in Page Mill Properties, which until recently was the biggest residential landlord in […]
People Moves: Lindsey Clavel Appointed Director at Hedgebay
New York (HedgeCo.net) – Leading hedge fund industry figure Lindsey Clavel has been appointed as Director of Hedgebay’s UK marketing drive. “The role I’m taking on is very exciting, particularly coming at the time it does.” Lindsey Clavel said “We […]
Wireless Network Races for Funds
WSJ – Hedge fund manager Philip Falcone is facing financial and regulatory deadlines as he moves to raise more funds—in the form of debt—for his plan to build a new high-speed wireless network. The plan, which would be expensive and […]
Hedge-Fund Manager Despairs, Declares ‘Time Bankruptcy,’ Quits
Bloomberg – One Sunday afternoon in September 2007, Keith Gessen says, he sat down outside a Brooklyn coffee shop with a hedge-fund manager, the friend of a friend. They talked for two hours, he says, about things Gessen, a novelist […]
Will companies dodge financial reform by moving abroad?
USA Today – U.S. banks, hedge funds and other Wall Street firms are weighing whether to move more of their operations abroad now that Congress has toughened financial regulations at home. “We’ve talked about it with a number of clients,” […]
Hedge fund trading volume rises as algorithms become more popular
Risk – Hedge fund trading activity in US equities is growing in contrast to trades carried out by proprietary trading desks, new research has shown. A report on low-touch trends in US equity trading indicated that trading by hedge funds […]
EU to water down hedge fund regulation
EurActiv – The hedge funds row might soon be over, say EU sources, who claim regulation is in sight. Reportedly, funds will likely be able to choose between getting an EU passport to gain access to national markets or getting the private […]
Cocoa king Anthony Ward is hungry for African food production
Telegraph – Having cashed in the equivalent of a Willy Wonka’s Chocolate Factory golden ticket on Friday by paying £658m for enough cocoa beans to manufacture 5.3bn quarter-pound chocolate bars, Mr Ward, 50, is looking to improve his company’s diet. […]
Judge orders warring hedge fund couple to stop fighting as they will never be poor
Beatrice Sareen, 54, has already been awarded more than £40 million following her divorce from Vipin Sareen, a hedge fund manager. She returned to the Court of Appeal in a bid to get a further £10million, which her former husband […]
SEC Fines Goldman Sachs $550 Million Over Hedge Fund Transaction
New York (HedgeCo.net) – The SEC warned that “half truths and deception” would not be tolerated on Wall Street, as they fined Goldman Sachs over $550 million, ordering a sweeping review of the companies business standards. Without admitting or denying […]
SkyBridge to consolidate 15 funds, seek stock listing
Pensions & Investments Daily – SkyBridge Capital will consolidate its 15 funds that provide seed capital to startup and early-stage hedge fund companies into a single fund and will seek to list that fund on a New York exchange by […]
