Yearly Archives: 2010
People Moves: Hedge Fund Specialist Takes Position at $3 Billion Arts Foundation
New York (HedgeCo.net) – Marc A. Schwartz has been named chief investment officer of The Broad Foundations’ $3 billion portfolio, working closely with philanthropist and founder Eli Broad. The Broad Foundations were established to advance entrepreneurship for the public good […]
A pension to slash
NYP – The former Blackstone Group principal who is the Republican candidate for New York State Comptroller believes the state should consider decreasing its allocation to private equity in its pension funds. Harry Wilson is hoping to win this November’s […]
Hedge funds look to create ETFs
IFA – More hedge funds will create ETFs to provide investors with low-cost access to their funds while broadening their distribution capabilities, BlackRock says. The firm’s ETF Landscape says hedge funds, which have typically been difficult for many investors to […]
Credit Suisse Names New Japan Prime Services Head
Bloomberg – Credit Suisse Group AG, Switzerland’s second-largest bank, appointed Myo Schollum as head of prime services coverage in Japan as part of efforts to expand the business catering to hedge funds. Schollum, 35, is replacing Yoji Koga, who retired […]
Och-Ziff Hedge Fund’s 23% Return Lures Big Investors Even as Shares Falter
Bloomberg – Daniel Och, founder of $25 billion hedge fund firm Och-Ziff Capital Management Group LLC, looks out from the podium over the crowd of investors and money managers nibbling on chicken salad at Manhattan’s St. Regis hotel and repeats […]
European Pension Scheme Exits Hedge Funds
WSJ – One of Europe’s largest institutional investors has pulled out of funds of hedge funds, removing more than $500 million (EUR383 million) from the troubled sector, saying it doubts their utility and dislikes their lack of transparency. The EUR11.8 […]
Funds Bullish on Natural Gas as Heat Wave Strikes
NYT – With the mercury rising — along with an increase in air-conditioning demand — hedge funds last week upped the ante on natural gas prices believing they will rise for the first time in six weeks, Bloomberg News reported. […]
Guilty Plea From Hedge Fund Manager In University Ponzi Scheme
New York (HedgeCo.net) – Former hedge fund manager Paul R. Greenwood pled guilty to criminal charges involving a Ponzi-esque scam in which he is alleged to have cheated millions from four university endowments. The Chronicle For Higher Education reports that […]
Judge Pares Fraud Case Involving a Political Consultant
NYT – A State Supreme Court judge in Manhattan dismissed 13 charges on Thursday in a criminal case against the political consultant Hank Morris, but ruled that some of the most serious ones could remain. Mr. Morris, a Democratic strategist […]
Madoff Trustee Sues Family Members’ Companies to Get Funds for Investors
Bloomberg – Companies owned by members of Bernard Madoff’s family should pay tens of millions of dollars to help victim’s of his Ponzi scheme, the trustee recovering funds for investors said in three lawsuits. Madoff’s family members used the money […]
From Tiananmen Square to Possible Buffett Successor
WSJ – Twenty-one years ago, Li Lu was a student leader of the Tiananmen Square protests. Now a hedge-fund manager, he is in line to become a successor to Warren Buffett at Berkshire Hathaway Inc. Mr. Li, 44 years old, […]