Monthly Archives: August 2009
N.Y. Hedge Fund gets Chicago Reader, 5 other Weeklies
Chicago Sun-Times – The Chicago Reader, the local alternative weekly, is now under the control of Atalaya Capital Management, a New York-based hedge fund with no previous experience running newspapers. At a bankruptcy auction in Tampa on Tuesday, Atalaya successfully […]
UBP to Cut 10% of Workforce This Year as Client Assets Decline
Bloomberg – Union Bancaire Privee, the Swiss hedge-fund investor whose clients lost about $700 million with Bernard Madoff, plans to cut 10 percent of its workforce this year after assets under management declined. “UBP should reduce its staff by 10 […]
Hedge fund boss accuses PM of ignoring crunch alarm bell
Evening Standard – Jim Chanos said that Mr Brown, while Chancellor of the Exchequer, was given a briefing that predicted banks were in dire danger – more than a year before the crisis hit last year. Mr Chanos, who made […]
Funds Snapped Up Financial Stocks in 2nd Quarter
New York Times Blogs – A closely watched report by Goldman Sachs found that hedge funds made an outsize bet on financial stocks in the second quarter, The Wall Street Journal reported. The Goldman “Hedge Fund Trend Monitor” said hedge […]
USS hires UBS to deliver hedge fund of funds admin services
Professional Pensions – The Universities Superannuation Scheme has appointed UBS Global Asset Management – Fund Services to deliver hedge fund of funds administration services. The country’s second largest pension fund said it had enhanced its in-house hedge fund selection capability […]
Deutsche Bank Ranked Second in Hedge Fund Administration Survey
West Palm Beach (HedgeCo.net) – Deutsche Bank’s Alternative Fund Services, part of the bank’s Global Transaction Banking (GTB) division, has ranked second among top administrators in Global Custodian magazine’s 2009 Hedge Fund Administration Survey. This is the first time Deutsche […]
Lighthouse Prime Services Announces Upcoming Capital Introduction Program Events
Earthtimes – Lighthouse Prime Services, a division of Lighthouse Financial and a leading prime brokerage services provider dedicated to the needs of emerging and newly established hedge funds and managed account platforms, announces its upcoming slate of events as part […]
Sweden mulls EU summit ahead of G20 meeting
The Swedish Wire – Sweden, which holds the rotating EU presidency, is consulting European capitals and “most of them are positive” about the idea, said Roberta Alenius, spokeswoman for Swedish Prime Minister Fredrik Reinfeldt. “The prime minister wants a summit […]
Pinpoint Funds Beat Peers With China Stocks, Convertible Bonds
Bloomberg – Pinpoint Investment Advisor Ltd., a hedge fund manager of $560 million, returned as much as four times its Asian peers this year through July with profits from a rebound in Chinese stocks and debt securities. The $70 million […]
Another Lawsuit Targets Valhalla Investment Partners
Herald Tribune – Two investors who lost $750,000 in the implosion of Scoop Management have filed a lawsuit against investment managers Neil and Chris Moody, who ran the Valhalla Investment Partners L.P. hedge fund. Bruce M. Bell and Richard G. […]
Calif. hedge fund manager pleads guilty to fraud
Riverside Press Enterprise – The founder and manager of two Beverly Hills hedge funds has pleaded guilty to federal fraud charges. Bradley Ruderman pleaded guilty Monday to two counts of wire fraud, two counts of investment adviser fraud and a […]
Hedge Fund Elliott Management’s Market Commentary
Seeking Alpha – Very in-depth and analytical commentary out of Elliott Management in their recent second quarter 2009 letter to investors. The hedge fund has penned a 24 page letter covering topics of risk management, the automotive industry, regulation, distressed […]