Monthly Archives: September 2009
Fairfield settles with Massachusetts for $8 million
Pensions and Investments – Fairfield Greenwich agreed to pay about $8 million to settle charges leveled at the hedge fund-of-funds manager by William F. Galvin, Massachusetts secretary of the commonwealth, in connection with the Madoff Ponzi scheme. In settling, Fairfield […]
Peak Oil Investing Hedge Fund Launch
New York (HedgeCo.net) – Hedge fund investor, logi ENERGY LLC., has announced the formation of The Peak Oil Value Fund. Launched September 8, the new hedge fund is the first of its kind aimed at institutional and accredited investors. “We […]
Hedge fund eyes gold at $1,600
Reuters – The price of gold could rise as high as $1,600 an ounce as investors opt for assets with lasting value rather than volatile currencies, says one hedge fund manager who has increased his exposure to the precious metal. […]
Omnium: The New Standard in Hedge Fund Administration
New York (Press Release) – Citadel Solutions announced today that it has changed its name to Omnium, effective immediately. This name change reflects the continuing evolution of the state-of-the-art hedge fund administrator, which has grown significantly since it began in […]
Hedge funds for the average investor
Bankrate.com – Alternative assets are a good diversification tool because they’re generally not correlated to the stock market. This means when the market goes down, alternative assets may go up or stay the same and vice versa. Large investors such […]
Euromoney Launches International Hedge Fund Magazine
West Palm Beach (HedgeCo.net) – International publishing and information company, Euromoney Institutional Investor, is launching a new magazine and online offering covering US and international hedge funds in September. The new publication will be titled “AR”. “The publication will include […]
SAC Hires Back Two Hedge Managers in London Let Go Months Ago
Bloomberg – SAC Capital Advisors LLC, the $14 billion hedge-fund firm run by Steven Cohen, rehired two London money managers nine months after they were let go, according to three people familiar with the situation. David Morant and Ben Halfacre […]
Swiss topple U.S. as most competitive economy: WEF
Reuters – Switzerland knocked the United States off the position as the world’s most competitive economy as the crash of the U.S. banking system left it more exposed to some long-standing weaknesses, a report said on Tuesday. The World Economic […]
AR Capital’s Connelly Seeks to Grow Hedge Fund to $250 Million
Bloomberg – AR Capital Management, a hedge-fund manager run by two former Goldman Sachs JB Were Ltd. bankers, aims to more than triple the size of its Australian equities long-short fund. The Ascot Long Short Equity Fund, which trades Australian […]
Geneva Funds of Hedge Funds Outflows Outpace Global Redemptions
Bloomberg – Geneva funds of hedge funds have failed to repair the damage caused by market losses and Bernard Madoff as investors withdrew money four times faster than the global average in July. Withdrawals climbed to $2 billion from $500 […]
Scottish fund managers are hiring again
eFinancialCareers – It would be churlish to suggest a 2007-style fund management poaching frenzy was back on the cards in Scotland, but there has been definite movement of late. Some firms are looking to build their investment teams, which means […]
Bank of China to launch yuan funds in Switzerland
Reuters – Bank of China will launch the first yuan-denominated investment funds in Switzerland as Chinese investors expand their horizons and look to manage exchange rate risk. The yuan funds, to be invested in a range of global assets, will […]