Yearly Archives: 2010
Hedge Fund Fraud: Stanford Beaten in Jail
New York (HedgeCo.net) – The Texas financier who is being held without bail awaiting trial on charges of an $8 billion fraud scheme, was reported to have been beaten up in prison for talking on the phone. Stanford was connected to […]
K1 Founder Helmut Kiener May Be Charged This Week, German Prosecutor Says
Bloomberg – K1 Group hedge fund founder Helmut Kiener may be charged this week over what prosecutors say was a scheme that led to hundreds of millions in losses at Barclays Plc, JPMorgan Chase & Co. and BNP Paribas SA. Charges may be filed […]
New EU rules may hit Asia hedge fund and buyout industries
Reuters – Hedge funds and private equity firms based in Asia face tough new rules on pay and leverage from a regulatory overhaul set to pass in Europe this week. The European Union’s Alternative Investment Fund Managers Directive, which goes […]
Texas ERS issues RFP for hedge fund consultant
HFM Week – The $21bn Employees Retirement System of Texas (ERS) has issued a request for proposal (RFP) for a hedge fund consultant as it prepares to invest $1bn of its assets into the sector. As exclusively revealed by HFMWeek […]
Background note on the alternative investment fund managers directive
European Parliament – Over a year in the making, the Alternative Investment Fund Managers (AIFM) directive – widely known as the “hedge funds” directive – is reaching the final stages of approval. This note answers some basic questions about what is to […]
Duquesne Alumni Plan New $5 Billion Fund
NYT – Stanley F. Druckenmiller’s former colleagues at Duquesne Capital Management are opening a new firm with $5 billion in assets, in what will be the second-largest hedge fund start-up ever, Bloomberg News reported, citing four people briefed on the plans. […]
Former Merrill Lynch Vice President Launches Hedge Fund IT Consultancy
New York – (HedgeCo.net) – Julian Croxall, an 18-year financial IT veteran and former Merrill Lynch Vice President, has formed a group, Cambridge CTO, to provide hedge funds and private equity funds with senior level technology management at a fraction of […]
Hedge Funds Rally to Two-Year High With 1.5% October Gain
Bloomberg – Hedge funds rose 1.5 percent in October, reaching the highest level in more than two years as global equity markets rallied, according to data compiled by Bloomberg. The Bloomberg aggregate hedge fund index increased to 117.13 last month, […]
SAC Capital, Biovail Finally Bury the Hatchet
Wall Street Journal – It isn’t exactly the Treaty of Paris, but it sure ends one of the nastier corporate tiffs. Valeant Pharmaceuticals and Steven Cohen’s hedge fund SAC Capital today agreed to settle a piece of their long-simmering legal spat over […]
Fortress third-quarter earnings beat estimates
Reuters – Fortress Investment Group (FIG.N) reported third-quarter earnings above analysts’ expectations on Friday, as a strong performance in its credit products and hedge funds boosted management fees. The New York-based hedge fund and private equity firm said pretax distributable income […]