Yearly Archives: 2010
GLC upbeat on Chinese equities, Swedish crown
Reuters – Hedge fund GLC said equities are its preferred bet in light of recent moves by central banks and governments to limit currency appreciation. “It’s a tricky period,” Steven Bell, co-manager of the $485 million GLC Global Macro fund, […]
SEC Eyeing JPMorgan, Hedge Fund Roles
ABC News – Wall Street bank JPMorgan Chase & Co. confirmed Monday that federal regulators are investigating whether it allowed a hedge fund to improperly choose assets for a $1.1 billion mortgage securities deal. A JPMorgan spokeswoman said the bank […]
Le Hedge Fund Crackdown
BizJournal – Hedge funds have had it lucky in recent years. These private partnerships for the well-off came through the financial crisis in better shape than other institutions, and a predicted mass implosion of hedge funds never materialized. Indeed, some […]
DragonBack in Talks to Provide Hedge-Fund Support After Closing Two Funds
Bloomberg – DragonBack Capital Ltd., a Hong Kong- based hedge-fund firm which managed as much as $600 million at its peak, has held talks with more than 30 managers to provide support services as it seeks other business after closing […]
Cazenove Absolute UK Dynamic fund to re-open
CityWire – Cazenove Capital is to re-open Paul Marriage’s Absolute UK Dynamic strategy after a turbulent period of performance and the departure of co-manager Neil Pegrum (pictured). A spokesperson for Cazenove Capital said there is around £60 million in spare […]
Man Group Sells AHL Fund to Retail Investors in Singapore
BusinessWeek – Man Group Plc, the world’s largest publicly traded hedge-fund manager, is for the first time marketing to individual investors in Singapore a fund which uses computer programs to identify trades in futures markets. Singapore investors can put a […]
AIFAM Starts Fund of Hedge Funds, Targets $150 Million From Japan Pension
Bloomberg – AIFAM Inc., a New York-based hedge fund with about $600 million in assets, started a fund of hedge funds that invests in managers who use a long-short equity strategy, as it aims to raise money from Japanese pension […]
Antarctica named Best Newcomer Fund of Hedge Funds at the 2010 HFMWeek US Awards
New York (HedgeCo.net) – In recognition of outperformance vs peers and benchmarks since inception, the Antarctica Credit and Distressed Fund Ltd has been named Best Newcomer Fund of Hedge Funds at the 2010 HFMWeek US Awards. The award was announced […]
Man Group Sells AHL Fund to Retail Investors in Singapore
Bloomberg – Man Group Plc, the world’s largest publicly traded hedge-fund manager, is for the first time marketing to individual investors in Singapore a fund which uses computer programs to identify trades in futures markets. Singapore investors can put a […]
Hedge Fund Fraud: Nicholson Gets 40 Years
New York (HedgeCo.net) – Hedge fund founder James Nicholson pleaded guilty to stealing up to $140 million in a Ponzi type scheme. He was sentenced to 40 years in prison on Friday by U.S. District Judge Richard Sullivan. The New […]
Hedge Fund Manager Chimay Charged Again In Bridge Loan Scheme
New York (HedgeCo.net) – New York hedge fund manager, Guy Albert de Chimay, who was arrested in North Carolina and charged with securities fraud this June has been accused of stealing an additional $690,000, according to Bloomberg. The New York […]
Hedge Fund Launch: Bluenose FX
Press Release – BVI-based investment manager Bluenose Capital Management is on schedule to launch its managed forex program, Bluenose FX, on November 1, 2010. The systematic forex program is aimed at U.S. qualified eligible persons as defined within CFTC rule 4.7 […]