Yearly Archives: 2010
Wanted: Alleged Ponzi Schemer
Forbes – Toronto Police issued a Canada-wide warrant to arrest Weizhen Tang on charges that he ran a Ponzi scheme which allegedly defrauded more than 100 investors of approximately $30 million. The investors were mostly wealthy Chinese, both in North […]
Bluenose To Launch Onshore Hedge Fund
New York (HedgeCo.net) – BVI-based investment manager Bluenose Capital Management is planning to launch The Bluenose North American Market Neutral Fund, an onshore version of its successful offshore flagship hedge fund on March 1st, 2010. The Delaware-domiciled fund has a […]
Hedge fund trade group MFA to collect key data
Reuters – Hedge fund industry trade group Managed Funds Association (MFA) said on Friday it plans to collect key financial data from managers at a time the secretive industry is under pressure to become more transparent. MFA, which counts powerhouse […]
BNY Mellon Wins GLG Fund Mandate
emii.com – GLG Partners’ fund of hedge fund unit, GLG MMI, has hired BNY Mellon, ICFA Magazine reports. BNY Mellon will serve as custodian and fund administrator for the firm’s entire fund of hedge fund unit. The firm previously shared […]
Abu Dhabi Fund Sees Long-Term Potential in West
ABC News – A top official for the world’s biggest sovereign wealth fund said Monday the bulk of its holdings are still in the U.S. and Europe, and that the Abu Dhabi fund sees “significant, long-term investment potential” in both […]
Tate Embraced Hedge Funds, Then Dropped Them
WSJ – Hedge funds enjoyed three years of popularity with the Tate Gallery, the charitable organization responsible for two of London’s best-known art spaces — drawing almost a quarter of the institution’s investment portfolio. But the financial crisis resulted in […]
Contrarian Investor Predicts Economic Crash in China
NYT – James S. Chanos built one of the largest fortunes on Wall Street by foreseeing the collapse of Enron and other highflying companies whose stories were too good to be true. Now Mr. Chanos, a wealthy hedge fund investor, […]
UK hedge fund Prana Capital weighs Asian move
Reuters – UK-based hedge fund firm Prana Capital is looking eastwards, with plans to open a office in Singapore where its founder, Peregrine Cust, will relocate to, said a source familiar with the matter. “We are exploring that option,” said […]
RAB Eyes Institutions To Rebuild Asset Base
WSJ – London-listed asset manager RAB Capital (RAB.LN) is planning to rebuild its depleted asset base by targeting institutions in Europe and pushing the marketing of four of its strong-performing funds, following a year of dramatically restructuring its business model. […]
Hedge Fund Lobby, Seeking Clout, To Solicit Funds’ Data
WSJ – The lobbying association for the hedge fund industry told Dow Jones Newswires it will begin to ask for key financial data from hedge fund managers, the group’s latest move to be a more effective lobbyist for an industry […]
Lipper Snaps UK-Manulife leads bond funds in Dec
Reuters – A U.S.-focused fund managed by Manulife (MFC.TO) was the top performer among British-registered bond funds in December, data from Thomson Reuters fund research firm Lipper showed on Friday. Manulife Global Fund-US LP65013272 returned 10.10 percent over the month, […]