Monthly Archives: August 2010
Mindich’s Eton Park Leads Hedge Funds Joining John Paulson’s Bet on Gold
Bloomberg – Eric Mindich’s $13 billion Eton Park Capital Management LP led hedge funds in raising gold investments last quarter, joining billionaire John Paulson’s bet that bullion will increase amid inflation concerns. Eton Park bought 6.58 million shares of SPDR […]
Grant Thornton LLP outlines key financial reform issues in Dodd-Frank Act
HedgeCo.net (Whitepaper) – The recently enacted Dodd-Frank Wall Street Reform and Consumer Protection Act (the Act) will change the landscape for financial services firms and financial institutions. The Act addresses four major issues: transparency, risk management, accountability and structural oversight; […]
Nuns accuse banks in $5m lawsuit
Telegraph – No banker is likely to risk describing what they do as “God’s work”, but they might hope at least not to get on the wrong side of His earthly followers. Unlucky then for Germany’s Deutsche Bank and US […]
U.S. prosecutors ask 6 months prison for ex-IBM exec
Reuters – U.S. prosecutors on Monday recommended a six-month prison term for Robert Moffat, a former IBM executive who pleaded guilty in the Galleon hedge fund insider trading probe. Moffat, once a candidate to succeed IBM Chief Executive Officer Samuel […]
Nikolaus Bets on Default Surge as Slower Recovery Boosts Distressed Debt
Bloomberg – Nikolaus & Co. LLP, a restructuring specialist established in Germany in 2001, is raising as much as $50 million to invest in distressed debt as it bets a slowing recovery will lead to “unprecedented” defaults. Nikolaus’s Alloro Global […]
U.S. Hedge Funds Contemplate Going European
Forbes – As something like normality has settled down among hedge fund managers on both sides of the pond in recent months, the question of where to find new investors (and new money) returns to its rightful place as a […]
Ex-Citigroup, Goldman Bankers Raise Second Asia Mezzanine Fund
Bloomberg – Kendall Court Partners Ltd., set up by former Citigroup Inc. and Goldman Sachs Group Inc. bankers, raised $150 million for a mezzanine fund to meet rising demand for a hybrid of debt and equity financing in Southeast Asia. […]
Gartmore’s Assets Fall as Investors Pull Cash
WSJ – Gartmore Group Ltd. on Tuesday reported a 15% decline in assets under management as investors pulled cash and fund performance sank in the May and June stock sell-off. The U.K. fund manager, which made headlines this spring when […]
Eric Mindich, Like John Paulson, Makes Gold ETF His Fund’s Biggest Holding
Bloomberg – Eric Mindich’s $13 billion Eton Park Capital Management LP led hedge funds in raising gold investments last quarter, joining billionaire John Paulson’s bet that bullion will increase amid inflation concerns. Eton Park bought 6.58 million shares of SPDR […]
People Moves: Peter J. de Marigny Joins Quant Risk Group Hedge Fund Analytics
New York (HedgeCo.net) – ABC Quant, part of Quant Risk Group Hedge Fund Analytics companies, has hired Peter J. de Marigny, manager of Equity Hedge “DITMo Strategies” to represent “QUANT SUITE” as VP Business Development, West Coast. “As a Certified […]
Hedge Fund Handbook Released: ‘A Guide to Fund Management’
New York (HedgeCo.net) – There is a new book on the market for those who are planning to set up their own hedge fund. Daniel Broby’s ‘A Guide to Fund Management’ is published by Risk Books, a specialist in hedge […]