Yearly Archives: 2010
Hermitage Says Russia Seeks Arrest of Partner Ivan Cherkasov
Bloomberg – Hermitage Capital Management, a $1.2 billion hedge fund firm run by William Browder, said Russian authorities are seeking the arrest of Ivan Cherkasov, a Hermitage partner in London. Cherkasov, a 42-year-old Russian national, was named on March 5 […]
Hedge funds make millions from collapse of the pound
MailOnline – Britons visiting the U.S. are paying a heavy price for the fall in the pound, but not everybody is losing out. Three of Britain’s biggest hedge funds have scooped a windfall from the collapse in sterling. It was […]
Gam launches Ucits III version of quant hedge fund
Fund Strategy – The global quant fund is managed by Sushil Wadhwani, the founder of Wadhwani Asset Management. The portfolio is made up of managed futures, using directional fixed income and equity models with the aim of producing returns with […]
Australia Hedge Fund Roundtable Highlight Super Funds, Mezzanine, Retail
New York (HedgeCo.net) – Opalesque launched the 28th issue in a series of regional roundtable forums, the “Opalesque 2010 Australia Roundtable”. With Matthias Knab, founder of Opalesque and internationally recognized expert on hedge funds and alternatives, moderating, the Opalesque Roundtable […]
FSA insider dealing probe focuses on trades made ahead of cash calls
Telegraph – Investigators are looking into trades carried out ahead of capital raisings by Barclays, Segro and Taylor Wimpey. In all, it is examining suspicious trading in the shares of 15 firms. Last week the FSA arrested seven people after […]
S’pore hedge fund climbs down Mount Everest
The Financial Express – Singapore-based hedge fund Tree Line Asia Master Fund (Singapore) Pte has sold over 4% stake in Tata-controlled mountain water bottling company Mount Everest Mineral Water, owner of the Himalayan range of non-aerated beverages. The hedge fund […]
Deutsche Bank to Add Staff Targeting New Hedge Funds in Asia
Bloomberg – Deutsche Bank AG’s prime brokerage will hire more staff in Asia as it aims to lure business from hedge-fund startups in the region leading the global economic recovery, said Sean Capstick, head of capital introduction. Frankfurt-based Deutsche Bank […]
Paulson’s $32 Billion Funds Prompt Too-Big-to-Succeed Concerns
BusinessWeek – John Paulson started the year overseeing $32 billion in hedge funds, third in the world behind JPMorgan Chase & Co. and Bridgewater Associates LP. Unlike many of his biggest rivals, he’s taking in new cash, raising the question […]
S.E.C. Reviews Derivative Use by Some Funds
DealBook – The Securities and Exchange Commission announced Thursday that it was reviewing the use of swaps and other derivatives by mutual funds, exchange-traded funds and other investment products that are often marketed to individual investors, Edward Wyatt of The […]
Appaloosa’s Short Sales on Wells Fargo Face SEC Probe
Bloomberg – The U.S. Securities and Exchange Commission is probing Appaloosa Management LP, the hedge fund run by David Tepper, for betting against Wells Fargo & Co.’s stock before participating in its secondary offering. The probe relates to trades in […]