Yearly Archives: 2010
Hedge Fund AQR Goes ‘Mom & Pop’
WSJ – AQR Capital Management LLC, which was among the first big hedge funds to launch a line of mutual funds for mom-and-pop investors, has raised more than $1 billion in assets in less than a year, a potential challenge […]
Producer settles suit over crime drama
Reuters – Capitol was sued in November by New York hedge fund D. B. Zwirn, which provided Bergstein and partner Ron Tutor with the money for their movies from 2004-07 and demanded reimbursement for about $120 million that was used […]
S.E.C. Plans Hedge Fund Sweeps
NYT – Some hedge funds may find themselves in tight spot in 2010 — not because of the markets, but because of one regulator who’s setting his sights on wrongdoing in the industry. “We have planned a number of significant […]
ETFs vs Open Ended Funds
The Motley Fool – For all my interest in exchange traded funds I admit that I’ve come to them relatively recently — a mere 18 months ago. Having said that, I was a swift convert to the concept and I’ve […]
Russian Prosperity’s Branis Rides Oil to Lead Mid-Size Funds
BusinessWeek – When oil prices began rallying in 2009 off a five-year $34 low, Alexander Branis was well positioned. Branis, 32, chief investment officer of Prosperity Capital Management and manager of the firm’s Russian Prosperity Fund, had several long-term bets […]
Tepper Turns Panic to Profits With $6.5 Billion Hedge Fund Gain
Bloomberg – David Tepper often throws a $20 bill on the floor when he’s weighing a big investment with analysts at Appaloosa Management LP. “Would you pick that up?” Tepper, founder and president of Appaloosa, asks them. His point: The best trades can be like […]
Macquarie Funds Group Grows Global Fund-Linked Derivatives Business
New York (HedgeCo.net) – Macquarie Funds Group, the asset management arm of Macquarie Group, announced the appointment of Pratap Dasgupta as a Managing Director in its fund-linked derivatives business, based in New York. The hiring of Mr. Dasgupta follows the […]
Penjing Asset, Triple A To Launch Fund Of Hedge Funds
WSJ – Penjing Asset Management Ltd. said Tuesday it formed a joint venture with Asia Alternative Asset Partners Ltd., also known as Triple A Partners, that is planning to raise at least US$100 million for a fund that will invest […]
Astarra shares Hong Kong link to broking scandal
Sydney Morning Herald – Paradigm Global, an investor in funds of hedge funds, is owned by Hunter Biden, the son of the US Vice-President, Joe Biden, and James Biden, the Vice-President’s brother. The link to Astarra was made through the […]
Billionaire’s Ex-Wife Hires New Lawyer
NYT – Patricia Cohen, the ex-wife of a hedge fund billionaire, Steven A. Cohen, has a new lawyer representing her in the civil racketeering lawsuit she filed against Mr. Cohen, Jenny Anderson writes in The New York Times. Gaytri Kachroo […]
Trends in Hedge Fund Capital Raising for 2010
New York (HedgeCo.net) – Several dominant trends regarding capital flows into the hedge fund arena were identified through conversations with more than 200 hedge fund organizations and 1000 institutional investors during 2009, according to Agecroft Partners. These hedge fund trends […]
Cornering Rajaratnam Rekindles Dennis Levine Taking Down Drexel
BusinessWeek – Days after he was arrested in an insider-trading probe in 1986, investment banker Dennis Levine sequestered himself at his lawyer’s New York office to read the government’s evidence. As he finished, he gazed out a window some 30 […]