Yearly Archives: 2010

Goldman Sachs Fund of Ex-Prop Traders Said to Return 3% in 2010

Bloomberg – Goldman Sachs Group Inc. proprietary traders who created a hedge fund within the firm in 2007 have generated a return of about 3 percent this year, beating the industry average, people briefed on the gain said. Goldman Sachs […]

Swiss hedge fund Arsago changes tack after exodus

Reuters – Embattled Swiss-based hedge funds manager Arsago Capital Management has set its sights on investment in Latin America after losing 80 percent of its assets and key staff in the wake of the credit crisis. Once regarded as a […]

6 Months Inside For Robert Moffat in Hedge Fund Insider Trading Ring

New York (HedgeCo.net) – Former IBM vice president Robert Moffat was sentenced to six months in prison in the Rajaratnam/Chiesi hedge fund insider trading case, the Courthouse News Services reported this morning. Judge Deborah Batts additionally fined Moffat $50,000. “White-collar […]

Billionaire Gendell’s Hedge Fund Sells Exide Shares Worth $10M

CityBizList – Billionaire Jeffrey Gendell’s hedge fund Tontine Capital Partners and related entities have sold Exide Technologies (Nasdaq: XIDE) stock worth $10.12 million, the biggest in ongoing sales since May, according to an SEC filing. The Greenwich, Conn.-based fund sold […]

Hedge Funds Care Event – San Francisco | September 30, 2010

FavStocks – The event will take place at the Offices of Thomson Reuters in San Francisco on September 30, 2010 from 4:00 p.m. to 7:00 p.m.  The event will include Scotch tasting, appetizers and food, and socializing. The event is […]

Seen on the hedge fund catwalk: rose-colored glasses back in vogue

All About Alpha – Less than a year ago, clear-colored magnifying glasses were all the rage among investors looking at hedge funds – transparency to the max, right down to demands of seeing individual positions and trades. Even on the back-office […]

Boston Hedge Fund Joins NY Investors Critical of Cypress Bioscience – cbl

CityBizList – Led by Peter Kolchinsky, Boston-based hedge fund manager RA Capital Management, LLC openly criticizes Cypress Bioscience, Inc. in a recent SEC filing. The filing – which shows that RA Capital owns a 5.46 percent stake in, or 2,107,392 […]

Barnier speaks out on hedge funds, EU budget reform

EurActiv – Reaching an agreement on the regulation of hedge funds is vital for the health of Europe’s financial sector, says EU Internal Market Commissioner Michel Barnier. In an exclusive interview with EurActiv.fr, he also backs “new ideas” like eurobonds to finance […]

Hedge-Fund Man Finds Inner Lion in Outer Space: Michael Lewis

BusinessWeek – Like a lot of hedge-fund guys, I’ve recently endured what might be misconstrued as a nervous breakdown. Before CNBC or the New York Times or some other rag grabs the story and distorts it, I want to tell […]

Citi hires hedge fund expert for managed investments

Reuters – Citigroup’s private bank has hired a Union Bancaire Privee hedge fund executive as head of management investments and advisory for Asia-Pacific, according to an internal memo seen by Reuters on Tuesday. Roger Bacon, who was head of Union Bancaire’s […]

Hedge-Fund Lobbying Group Opposes New U.S. Rules for High-Frequency Trades

Bloomberg – The U.S. hedge-fund industry’s biggest lobbying group urged regulators against cracking down on high-frequency trading, saying new rules would increase costs for all investors and make markets less liquid. Requiring computerized traders to buy and sell shares during […]

Hedge Fund Launch: Peakside Opens Real Estate Private Equity Firm

New York (HedgeCo.net) – Cayman Islands, Switzerland, UK, and Luxembourg-based hedge fund manager Peakside Capital and its affiliates are launching a new real estate private equity firm and concluding a transaction with Bank of America Merrill Lynch (BofAML) involving the […]