Yearly Archives: 2010

Lehman Said to Possibly Face Rival Payout Plan by Paulson, Funds

Bloomberg – Lehman Brothers Holdings Inc. may face a proposal from creditors including hedge fund Paulson & Co. for distributing an estimated $57.5 billion more equally than provided for in its own payout plan, according to a person familiar with […]

Pay Survey Among Hedge Funds Predicts Consolidation

New York (HedgeCo.net) – Based on a 2010 survey and research series in the U.S. and Europe of human capital and pay practices in over 150 firms, three consultant firms MM&K (Europe Private Equity and Hedge Funds), Holt (U.S. Private […]

Hedge funds pull in almost $13B in November

MarketWatch – Hedge funds pulled in roughly $13 billion in new money from investors in November, the fifth consecutive month of inflows and a shift from the pullbacks that marked the first part of year, a research group reported Monday. […]

Opalesque Exclusive: Review of hedge fund launches, closures, trends, regulatory and legal events

Opalesque – Last week, we heard of fund launches from Insparo (Africa); Christofferson Robb (liquid version of flagship); Gorelick Brothers (closed-end FoHFs); Venus Capital (India Emerging Leaders) ; and Algebris Investments (fund focusing on capital securities that regulators say banks must issue). […]

People Moves: Butterfield Fulcrum expands its EMEA business development team

Press Release  – Butterfield Fulcrum, a top five independent global hedge fund administration company, today announced the appointment of Edwin Parker as Director of Business Development for the EMEA region. Edwin will start in February 2011 and be based in […]

Barclays pension fund eyes credit hedge fund review

Reuters – The Barclays UK pension fund may review its 800 million pounds ($1.26 billion) exposure to hedge funds investing in credit as the scheme sets up its own asset management unit, its head of dynamic asset allocation said. The […]

Hedge funds ACPI and RMG head for High Court clash

Telegraph – ACPI, run by ex-Goldman Sachs colleagues Alok Oberoi and Brett Lankester, has filed a lawsuit against RMG Wealth Management, seeking to ban it from using what it alleges is confidential information gained from Stephen Greene. Mr Greene was […]

Hedge Fund Manager Raj Rajaratnam Appeal Blocked By Supreme court

New York (HedgeCo.net) – The US Supreme Court has rejected Raj Rajaratnam’s appeal. Rajaratnam, who co-founded hedge fund Galleon Management and Chiesi, a former trader with New Castle Funds, face up to 20 years in prison if convicted on the charges. Rajaratnam was taken […]

Most Innovative European Hedge Fund Award Goes To: Salus Alpha Event Driven Fund

New York (HedgeCo.net) – Salus Alpha Investment Group won the “Most Innovative Hedge Fund” award for their Salus Alpha Event Driven Fund at the European Fund of Hedge Funds 2010 Ceremony. The award ceremony was held at the Northumberland in London. […]

Hedge Funds Raise Bets on Commodity Rally to Highest Level in Four Years

Bloomberg – Hedge funds and large speculators increased their bets on a commodity rally to the highest level since at least 2006 as copper and gold gained to records. An index tracking speculative positions in 20 commodity futures in the U.S. […]

Hedge Funds Must Face Their Fear of Biotechnology

GLG – The hedge fund and prime brokerage industry, fixated on exploiting ‘market inefficiencies’ wherever they may be found in whatever form they may be found in, continues to avoid the most lucrative ‘inefficient market’ opportunity that exists, the biotechnology […]

People Moves: Hedge Fund Highbridge Hires BlackRock’s Mark D’ Andrea

New York (HedgeCo.net) – Hedge fund Highbridge Capital Management announced that Mark D’Andrea will join the firm as Head of Global Institutional Business Development effective January 3, 2011. D’Andrea will be based in New York, responsible for leading the firm’s institutional […]