Yearly Archives: 2010
Judge Freezes Chicago Hedge Fund Manager’s Assets
New York (HedgeCo.net) – A Colorado Deputy Securities Commissioner has accused Mark Hamilton Yost, a former hedge fund manager from Chicago, with defrauding investors out of approximately $25 million, the Chicago Tribune reports. The complaint states that the hedge fund […]
Hedgie David Yarrow to launch Newcits fund
CityWire – Clareville Capital founder and well known hedge fund manager David Yarrow is planning to roll out a Ucits-compliant version of his established Pegasus UK long-short hedge fund. The Pegasus Ucits fund is set to launch in early October […]
Oechsle Raises $4M for Hedge Funds
CBL – Oechsle International Advisors has raised $4 million in pooled investment fund interests for two of its hedge funds – OIA Japan Fund, L.P. and OIA Asia Pacific Ex-Japan Fund, L.P. – according to SEC filings. The proceeds were […]
Shorts and hedge funds, welcome to China!
CNN – A flurry of bad news this summer in the U.S. hedge fund industry, including the shuttering of big name funds like Stan Druckenmiller’s Duquesne Capital Management, led to more pessimistic predictions about the future of hedge funds. Amidst […]
Top Diamondback trader bolts fund to join Tudor
Reuters – Larry Petrella, a partner with Diamondback Capital Partners, is leaving the $4 billion hedge fund for a top job with Tudor Investment Corp, said people familiar with the two funds. Petrella will become director of U.S. equities for […]
Carlyle eying stake in hedge fund manager: report
Reuters – Private equity firm Carlyle Group CYL.UL may buy a stake in a hedge fund manager and is looking at raising two new debt funds as well as a $1 billion pool to buy small companies, Bloomberg said. One […]
Citadel Said to Consider Fee Cuts as Hedge Funds Seek Clients
Bloomberg – Citadel LLC is considering cutting fees on its two main funds as it attempts to attract clients during the worst climate for raising money in two decades, said two people with knowledge of the firm’s plans. The Kensington […]
Hedge Fund Index Confirmed to Finish Up 0.23% in August
New York (Hedge Co.net) – Final performance for the Dow Jones Credit Suisse Hedge Fund Index (“Broad Index”) is confirmed up 0.23% in August and 2.46% YTD. “The Dow Jones Credit Suisse Hedge Fund Index rose 0.23% in August, with […]
People Moves: Hedgeye Names Gagliardi Managing Director of Energy
New York (HedgeCo.net) – Virtual hedge fund, Hedgeye Risk Management, has appointed industry veteran Louis Gagliardi as Managing Director of Energy. Gagliardi was noted in Robert Bryce’s book as being an “Analyst Who Thinks” and “the first time any major […]
Citadel opens in Boston, seeks hedge fund converts
Boston.com – Citadel Asset Management, the Chicago hedge fund giant, has opened a Boston office, where it’s hoping to seed a new generation of hedge fund managers. Citadel, with $11 billion under management, was founded by famous trader Kenneth Griffin, […]
Closer hedge fund surveillance backed
HK News – Greater transparency and closer surveillance in the hedge fund industry can help ensure a level playing field, better investor protection and reduce financial stability risk, Secretary for Financial Services & the Treasury Prof KC Chan says. Delivering […]
Some Hedge Funds Take a Hit on Yen Bets After Tokyo Intervenes to Curb Its Rise
WSJ – Japan’s move to weaken its currency dealt a blow to a group of fast-trading hedge funds that had been piling up profits betting on a stronger yen. Some of these investors dumped their yen holdings Wednesday, hoping to […]