Monthly Archives: September 2007
New IFSB Hedge Fund Regulators
New York (HedgeCo.Net)- Islamic hedge fund regulators have agreed to admit 12 new members tothe the Council of the Islamic Financial Services Board (IFSB) bringing the total members to 137. Two new regulatory and supervisory authorities have joined the IFSB […]
Jeff Koons’s `Blue Diamond’ for Sale at Christie’s New York
Bloomberg- A sculpture by Jeff Koons, whose collectors include billionaire Eli Broad and hedge-fund manager David Ganek, will be sold at a November contemporary art sale in New York at Christie’sInternational. Koons’s “Blue Diamond” from 2005, made of shiny stainless […]
SEC Sues Lancaster Hedge Funds for Insider Trading
Bloomberg – The U.S. Securities and Exchange Commission sued Lancaster Investment Partners LP and hedge-fund manager Robert Berlacher for alleged illegal trading that the agency said generated $1.7million in ill-gotten gains. Berlacher’s funds violated trading rules for at least 10 […]
TS Launches Second Fund After First Success
Single manager hedge fund ThinkStrategy Capital Management LLC. today announced the launch of the TS Multi-Strategy Fund LP Class B. The new class is an unleveraged version of an existing and successful TS Multi-Strategy Fund LP Class A and will […]
Legal Search Firm Hires Hedge Fund Specialist
West Palm Beach (HedgeCo.Net)- Lucas Group announced today in a press release that Todd Caissie has joined as the new Managing Partner of the New York Legal Executive Search office. Caissie brings nine years of recruiting experience to his new […]
Red Kite Metals Lost 20% in August
Bloomberg- Red Kite Metals, the world’s largest hedge fund dedicated to metals, tumbled about 20 percent last month as the $2.5 billion Touradji Capital Management LP commodities fund gained. The decline at Red Kite, co-founded by Michael Farmer, extends its […]
HFN Aggregate Average Down for August
West Palm Beach (HedgeCo.Net)- Early estimates from the HFN Hedge Fund Aggregate Average is -1.26% for August of this year. The decrease was the largest since May 2006 and was thefirst month since May 2007 that the average hedge fund […]
Aviva to buy Romanian asset manager
Reuters- Aviva said on Wednesday it had agreed to buy Romanian asset management company Certinvest from its chief executive and a private U.S. firm, the Romanian-American Enterprise Fund (RAEF). Aviva, which has signed a string of partnership deals and small […]
Private equity firms profit from their own overreaching
Slate- Back in July, we suggested, tongue firmly in cheek, that the Blackstone Group, the private equity firm that had just gone public, could take advantage of its plummeting stock price by taking itself private. A Blackstone leveraged buyout of […]
Hedge funds boost bottom line for managers-study
Reuters- Hedge funds are the new “must-have” products for all types of asset managers who rely on them to boost their bottom line, according to a study conducted by consulting firm McKinsey andInstitutional Investor’s U.S. Institute and released on Wednesday. […]
Biovail Plans to Pursue Lawsuit Against Hedge Funds
Bloomberg- Biovail Corp., the Canadian maker of the antidepressant Wellbutrin XL, plans to pursue a lawsuit against a group of hedge funds it accuses of driving down its share price after settling aseparate case. Biovail, based in Mississauga, Ontario, said […]
Pirate Capital Bars Withdrawals From Two Activist Hedge Funds
Bloomberg- Pirate Capital LLC, the hedge-fund manager run by Thomas Hudson, barred withdrawals from its two Jolly Roger Activist funds after the firm’s assets declined by almost 80 percent in thepast year. Pirate designated the four stocks held by the […]