Yearly Archives: 2010
Ex-Centaurus H.K. Head to Start Asia Event Fund for Tiresias
Business Week – Tiresias Capital Ltd., a Cayman- based hedge-fund manager overseeing $560 million, plans to start its first Asian fund this quarter to take advantage of an expected increase in mergers and acquisitions in the region. The “event-driven” fund […]
New Ucits III hedge fund platforms cater for wave of funds seeking the sought-after Ucits label
International Adviser – Within the last two months, at least two companies have launched platforms aimed at enabling existing hedge fund copmpanies to create Ucits-compliant versions of their products more easily, quickly and cheaply than if they were to do […]
Ex-Credit Suisse Manager Tomiyama to Start Japan Hedge Fund
ABC News – Kunio Tomiyama, former chief fund manager at Credit Suisse Asset Management Ltd., plans to start a hedge fund by the end of this year that will restrict investments to a maximum of 30 Japanese stocks to boost […]
Hedge Fund Lender Reaps Returns on Fallen Companies Banks Shun
Bloomberg – Hedge fund manager Michael Tennenbaum, at age 74, plans to race down a giant slalom course on Vail Mountain in Colorado in March at the Directors’ Invitational Ski Classic, an annual event that pits pro skiers against business […]
Calif. Fund Manager Sentenced in Fraud Scheme
ABC News – The founder and manager of two Beverly Hills hedge funds has been sentenced to more than 10 years in federal prison for cheating investors out of more than $25 million. Bradley Ruderman was sentenced Monday in a […]
Benzinga’s Daily Hedge Fund Briefing – More Statistics Show Hedge Funds Had a Banner Year in 2009
Benzinga – December and 2009 year-end results for the USA’s biggest hedge funds are starting to trickle in, and DealBook has obtained some of the numbers. Hedge Fund Research, which tracks a number of funds, said its index of fund […]
SAIL to launch up to $300 mln distressed fund in Q1
Reuters – SAIL Advisors, the Hong Kong-based fund of hedge funds, aims to raise $200 million to $300 million for a distressed asset fund which will likely launch in the first quarter of 2010, a top executive said on Tuesday. […]
Bandon Embraces Alternative Strategy for Non-accredited Investors
New York (HedgeCo.net) – Boutique Independent Broker Dealer and hedge fund manager, Bandon Capital Management, LLC, announced a new relationship with American Independent Securities Group, LLC (AISG) enabling the advisors of AISG to make available Bandon’s flagship investment strategy, the […]
UPDATED: Advisers Charged With $160 Million Nadel Related Hedge Fund Fraud
New York (HedgeCo.net) – The SEC has charged two investment advisers with securities fraud for misleading investors about the financial condition of three hedge funds they managed, and misrepresenting that they controlled the funds’ investment and trading activities when in […]
Future Crisis Worries – Hedge Fund Compliance Survey
Three quarters of the world’s senior banking and compliance officers polled as part of a wide-ranging survey by Complinet, a hedge fund compliance company, said they are expecting the next financial crisis will strike within the first half of this […]