Yearly Archives: 2010
SEC accuses L.A. hedge fund operators of bilking investors
LA Times – The Securities and Exchange Commission filed a civil lawsuit Thursday against two operators of a Los Angeles hedge fund, accusing them of making false statements about the fund’s performance and misappropriating more than $2 million of clients’ […]
Former China Pension Adviser, Prime Broker Start Hedge Fund
Bloomberg – A former senior adviser to China’s state pension fund and a former head of Morgan Stanley’s Asia prime brokerage business started a China-focused hedge fund this week that will bet on rising and falling Chinese stocks. JT Greater […]
October 2010: UCITS Hedge Fund Alternative Index Performance
New York (HedgeCo.net) – With 600 constituent hedge funds and fund of hedge funds totaling EUR 93 billion assets ($132.3 billion) under management, the UCITS Alternative Index Global Index performance is up 0.71% while the performance of the UCITS Alternative Index […]
FrontPoint Health-Care Investors May Flee in Galleon Deja Vu
Bloomberg – FrontPoint Partners LLC may see investor withdrawals from its health-care hedge funds after a manager allegedly received nonpublic information about Human Genome Sciences Inc.’s. hepatitis-C drug Albuferon. “This fund will be subject to redemptions as the government will […]
Hedge Fund Managers’ Bonuses Projected To Rise 5%
Barron’s – A new study is forecasting that hedge fund managers should average about a 5% bonus this year. That’s on top of what they make in base salaries. The study, by Glocap Search and Hedge Fund Research, says that overall […]
Courage Capital adds Weeks and Hughes to manage equity strategies
Hedge Fund Review Magazine – Courage Capital Management has hired portfolio managers Brad Weeks and James Hughes to manage a pair of equity strategies. Both previously worked at Ergates Capital Management where they ran the Ergon Capital Fund. Weeks co-founded […]
Quinn future still in doubt as funds join crunch talks
Irish Independent More than 40 mainly US hedge funds are now involved in the crunch talks over the €1.3bn of debts at Quinn Group, but so far they have tabled no demand for shares in the Sean Quinn-owned company. Some of the […]
Penn Evaded Harvard Losses With `Defensive´ Fund, Marks Says
Bloomberg – The University of Pennsylvania, the Ivy League school founded by Benjamin Franklin, outperformed its wealthiest peers by avoiding many hard-to-sell assets such as real estate, former committee Chairman Howard Marks said. Penn held less in private equity and property, more […]
Pension Funds Predicted To Increase Hedge Fund Exposure
New York (HedgeCo.net) – Approximately 5% of pension plan assets are invested in hedge funds, Agecroft Partners, a global consulting and third party marketing firm for hedge funds reported today. Pension plans which have an approved allocation to hedge funds […]
French doctor accused in $30 million insider trading to save hedge fund
NY Daily News – A French doctor was charged with engaging in insider trading for using his position as an adviser for a liver disease drug test to save a hedge fund $30 million. Yves Benhamou, 50, was the “quintessential […]