Monthly Archives: August 2011
Hedge Funds Boost Yen-Sensitive Short Sales, Deutsche Bank Says
Bloomberg – Hedge funds investing in Japan increased short-selling of companies sensitive to the yen’s strength as the currency surged amid the U.S. credit downgrade and concerns that Europe can’t contain its debt crisis, according to Deutsche Bank AG. (DBK) “What we have […]
Citadel eager to sell i-bank unit, funds soar
Reuters – Hedge fund firm Citadel appears to be one of the industry’s few big winners during the market sell-off as it delivered strong returns and moved to shed non-core operations. Chicago-based Citadel’s two main funds were up 14 percent […]
CREDERIAN ALERT: What Does It Mean for Investment Managers?
This article is the first in a series of educational topics to be delivered to you from Crederian Fund Services. For further information or to discuss this topic, contact Eugene P. Grace, Crederian Fund Services, at [email protected]. CREDERIAN ALERT: What […]
SEC Settles With Hedge Fund Manager Over Hepatitis Drug Study Leak
New York (HedgeCo.net) – The SEC has agreed to settle a lawsuit with former FrontPoint Partners LLC hedge fund manager Joseph F. “Chip” Skowron, Bloomberg reported this morning. “Skowron surrendered in April to Federal Bureau of Investigation agents in New […]
Hewitt Shareholders Nominate Hedge Fund As $243 Million CLO Manager
New York (HedgeCo.net) – Texas hedge fund adviser Highland Capital Management and it’s affiliate, Acis Capital Management, L.P., is now the successor Collateral Manager of Hewett’s Island CLO I-R Ltd, with approximately $243 million of assets under management. Alternative investment specialist, Acis, assumed the role […]
Grubb & Ellis Completes Sale of Daymark Realty Advisors
SANTA ANA, Calif., Aug. 10, 2011 /PRNewswire/ — Grubb & Ellis Company (NYSE: GBE) today announced the sale of Daymark Realty Advisors, Inc., to a joint venture entity controlled by Sovereign Capital Management Group and Infinity Urban Century, an investment […]
Citi Asia prime arm on hiring spree as hedge fund industry booms
Reuters – Citigroup Inc will raise headcount at its Asian prime finance unit by 20 percent to 80 this year as it looks to fight for more hedge fund clients in an industry dominated by the likes of Goldman Sachs Group […]
Former Marvell Technology Employee Ng Charged in Nationwide Insider Probe
Bloomberg – U.S. prosecutors charged former Marvell Technology Group Ltd. (MRVL) accountant Stanley Ng with conspiracy as part of a nationwide probe of insider trading involving so-called expert networking firms. Ng, 42, provided material non-public information to Winifred Jiau, a former […]
Paulson Loses 31% in Main Hedge Fund After August Rout
Bloomberg – John Paulson, the billionaire who is betting on an economic recovery by the end of 2012, lost 11 percent in the first week of August in his largest hedge fund, according to a person familiar with the firm. […]
Film Industry Experts Point Way to Indie Financing at Annual Film Finance Summit in New York
The 11th annual New York International Film & TV Finance Summit, presented by BNA / CITE will convene September 22nd -23rd, 2011, to explore ways in which independents can find financing to make, distribute, and market films – even in […]
Hedge Fund People Moves: Jeffery Moy, David M. Ratcliffe
New York (HedgeCo.net) Alternative management specialist Jeffery Moy has joined the Rockefeller Financial as Head of Private Equity, Moy will be responsible for oversight of Rockefeller Financial’s private equity and venture capital program, including the selection and review of third-party […]
BofA boss facing chillin’ grillin
New York Post – The bank chief, who agreed to an investor grilling today at the behest of one of BofA’s biggest shareholders, hedge fund manager Bruce Berkowitz of Fairholme Capital, will face an onslaught of questions about his firm’s […]