Yearly Archives: 2010
SEC, Connecticut charge fund manager with fraud
Reuters – A Connecticut hedge fund firm was sued on Monday by U.S. and state regulators for allegedly inflating the value of its holdings, allowing it to fraudulently collect millions of dollars of undeserved fees. Southridge Capital Management LLC and […]
Hedge Fund Launch: $1 Billion Edoma Capital
New York (HedgeCo.net) – Pierre-Henri Flamand, a former co-head of a Goldman Sachs Group Inc. planning to raise more than $1 billion in the largest global hedge fund launch in 2010, the Wall Street Journal reports. The London-based hedge fund, […]
Greenspan’s Niece Fires Back at Hedge Fund
New York Times – It seems one hedge fund employee recently let go from Kingdon Capital wasn’t going gently into that dark night. Marjorie Greenspan Kaufman, a managing director and head of investor relations at Kingdon, and the niece of […]
Buffett taps fund manager to oversee portfolio
Washington Post – Berkshire Hathaway has hired a relatively unknown hedge fund manager to manage a “significant portion” of the investment portfolio built by its founder, legendary investor Warren E. Buffett. The company said in a statement Monday that it […]
Paladyne Implements Thirty Global Hedge Fund Start-Up Managers in 2010
New York (Press Release) – Paladyne Systems, Inc., announced a new bundled offering known as Paladyne FastStart™, to address the operational and budgetary requirements of today’s start-up and growing hedge funds. The solution combines Paladyne’s firm-wide technology platform, with a […]
Middle East private equity group launches hedge fund business
Hedge Funds Review – Dubai-headquartered private equity group Abraaj Capital has announced the launch of an independent asset management business that will invest in the Middle East, North Africa and South Asia (Menasa). Menasa Capital Management launched with $350 million […]
FRM Capital Advisors enters strategic relationship with Sensato Capital Management
Opalesque – FRM Capital Advisors (FCA), the hedge fund seeding division of Financial Risk Management (FRM), and Sensato Capital Management LLC (Sensato) have formed a strategic relationship which involves FCA investing up to US$50 million with Sensato. Sensato was founded in […]
SEC Officials Join Hedge Fund Industry
Emii – Two staffers have or are due to leave the Securities and Exchange Commission for compliance positions in the hedge fund industry. Fortress Investment Group has hired Andrew Walsh, at present an accountant with the SEC’s New York examination […]
OGI Capital Hires Ex-Alfred Berg Manager Blomberg for Macro Hedge Fund
Bloomberg – OGI Capital Partners Ltd. hired Marcus Blomberg, a former fund manager at Alfred Berg Asset Management AB, as a trader to help expand its global macro fund. Blomberg, 35, will join the firm next month and report to […]
Ex-OCBC Derivatives Trader Tey Starts Hedge Fund Backed by China Investors
Bloomberg – Solaris Asset Management, co-founded by the former head of equities derivatives at Oversea-Chinese Banking Corp., is starting a hedge fund with money from investors in China. The Solaris Capital SPC Equity Arbitrage Fund will start trading with S$30 […]
Hedge Fund Fraud: Nadel Sentenced To 14 Years
New York (HedgeCo.net) – Florida hedge fund manager Arthur Nadel was sentenced to 14 years at the same prison where Bernie Madoff is serving his 150 year sentence. Nadel’s lawyer argued for five years because of his client’s heart condition, […]
