Monthly Archives: June 2008
Hedge Fund Eyes Trimming Hardee
New York Post- New York hedge fund Ramius took a bite out of CKE Restaurants Inc. – the owner of burger joints Hardee’s and Carl’s Jr. – with a scathing letter sent to CEO Andrew Puzder. Blasting him for the […]
US man faces longer jail term for hedge fund fraud in Hong Kong
MSN UK News- The Hong Kong media says a 63-year-old U.S. citizen has received a longer jail term for masterminding a HK$363 million, or US$46.49 million or euro30 million, hedge fund fraud. The South China Morning Post reported Wednesday that […]
TRS Official May Leave For Fund Of Hedge Funds
FINalternatives- An Illinois pension fund official caught up in the trial of a prominent supporter of Sen. Barack Obama (D-Ill.) may be joining a new hedge fund. Jon Bauman, executive director of the $38.7 billion Teachers’ Retirement System of Illinois, […]
Montana To Explore Hedge Funds Via RFP
FINalternatives- The $12.3 billion Montana Board of Investments is issuing a request for proposals for fund of hedge funds managers. Sort of. The system’s executive director, Carroll South, and chief investment officer, Clifford Sheets, both recommend that the board authorize […]
Goldman Sachs Hedge-Fund Vehicle Raises $221 Million In Share Sale
CNN Money- A listed fund of hedge funds operated by Goldman Sachs Group Inc. (GS) has lifted its assets by about 25% by raising an additional $ 221.3 million on the London Stock Exchange on Tuesday. Goldman Sachs Dynamic Opportunities Ltd. (GSDO.LN), […]
MadisonGrey Elevates Client Experience with HedgeOp’s ComplianceTrak
New York – June 17, 2008 – MadisonGrey Global Fund Services and HedgeOp Compliance today announced a co-marketing agreement that will combine MadisonGrey’s total fund administration, accounting, cash management, and investor relations services with the leading web-based compliance platform for […]
Future grim for two Bear Stearns hedge fund managers
New York (HedgeCo.Net) – Troubles keep arising for Bear Stearns, even after its demise and the resulting takeover by JPMorgan Chase. It seems investors are still targeting Bear after the implosion of their two failed hedge funds last year that […]
Settlement reportedly near in hedge fund manager Tobias’ estate
Bizjournals.com- A legal battle over the death of a Palm Beach County hedge fund manager is reportedly near a settlement. The family of Seth Tobias has reached a settlement with his widow, Filomena Tobias, over a $25 million estate, said […]
Negative bond returns test Asia investors
HONG KONG (Reuters)- As risk appetite for equities and property wanes, investors are willing to endure negative real returns for bonds from China, Singapore and Hong Kong because their economies are seen better equipped to tackle inflation. Conventionally, bond yields […]
CQS hires Barclays executive to head Hong Kong trading
Reuters India- CQS has hired former Barclays Capital managing director David Kilgore as its head of trading in Hong Kong, part of a broader push by the $9.6 billion (4.9 billion pound) UK hedge fund manager to expand its presence […]
MFA Submits Comments On Hedge Fund Committees
West Palm Beach (HedgeCo.net)- Hedge Fund representative, the Managed Funds Association (MFA), has submitted comments on the Best Practices Reports released by the two Committees appointed by the U.S. President’s Working Group on Financial Markets (PWG). The Asset Managers’ Committee […]