Yearly Archives: 2010
AMG Spree Continues With Deal for Pantheon
WSJ – Asset-management firm Affiliated Managers Group Inc. made its entry into private equity, announcing a $775 million deal to acquire Pantheon Ventures Ltd. from pension advisor Russell Investments. The deal marks AMG’s largest acquisition to date and its fifth […]
Adept Capital’s Early Stage Asia Fund reaches Two Year Milestone with Strong Performance
New York – Adept Capital Partners Early Stage Asia Fund recorded a 14.9% increase in value in 2009 with a sharpe ratio of 2.08 for the year, consolidating its position as a top quartile performer in Asian fund of hedge […]
Hedge Fund Energy Trades Under Growing Scrutiny
Forbes – Hedge funds and other speculators trade billions of dollars worth of oil futures without intending to ever take delivery of a single drop of fuel. Even so, their impact can be profound on oil prices, and thus the […]
Fund Manager Stein Sentenced to Nine Years for Fraud
Business Week – New York hedge-fund manager Edward T. Stein was sentenced to nine years in prison for running a $46 million Ponzi scheme that preyed upon friends and acquaintances. Stein pleaded guilty in June to four counts of securities […]
Investor in defunct Bear fund wins $3.4 mln award
Reuters – A Georgia-based chain of service stations that lost money with a Bear Stearns hedge fund that collapsed in July 2007 has won a $3.4 million arbitration award. The award by the securities industry arbitration panel is the first […]
Temasek May Set Up Hedge Fund, AsianInvestor Reports
Business Week – Temasek Holdings Pte is planning a $3 billion hedge fund, AsianInvestor reported on its Web site, without saying where it got the information. The hedge fund may be called Seatown, the English translation of Temasek, the report […]
Rajaratnam & Chiesi Charged With a Superseding Indictment
New York (HedgeCo.net) – Raj Rajaratnam and Danielle Chiesi Federal have been accused with a 19-count superseding indictment by Federal prosecutors yesterday, Courthouse News Service reported. A superseding indictment is an indictment that is filed subsequent to an original indictment. […]
Hedge Fund Company Morningstar Acquires Regulatory Specialist Team
New York (HedgeCo.net) – Independent hedge fund research company, Morningstar, Inc. has acquired the Footnoted business of Financial Fineprint Inc., a privately held firm based in Peekskill, N.Y. Footnoted.org was founded in 2003 by Michelle Leder, author and journalist. Footnoted’s […]
AMG to pay $775 mln for Pantheon fund manager
Reuters – Affiliated Managers Group Inc, a holding company for money managers, on Wednesday said it would buy the private equity fund-of-funds manager Pantheon Ventures from Northwestern Mutual Life Insurance Co for $775 million. Pantheon manages about $22 billion of […]
EU Fund Plan Seen Threatening Economy
NYT – European Union plans to regulate managers of hedge funds and other alternative investments need changing to avoid damaging Europe’s economy and curbing investor choice, a parliamentary report said on Wednesday. In April last year the bloc proposed that […]
Galleon figure Chiesi stands by Rajaratnam
Reuters – Danielle Chiesi has not found it easy to keep quiet in the months since her indictment as part of the biggest insider trading case to rock Wall Street in two decades. The former hedge fund analyst told Reuters […]