Monthly Archives: February 2011

Justice Dept. charges 4 with insider trading at hedge funds

Washington Post – The Justice Department charged three hedge fund portfolio managers and one analyst in a criminal conspiracy that allegedly involved information about companies such as Advanced Micro Devices and Fairchild Semiconductor International. The Securities and Exchange Commission, which […]

Desperate ‘insider coverup’

NY post – A panicked hedge-fund manager running an insider-trading ring was so frightened the feds were closing in, he fled his Upper East Side apartment in the middle of the night to toss evidence into garbage trucks around the […]

Hermes BPK aiming to triple assets in 5 years

Reuters – The fund of hedge funds arm of Hermes aims to boost its assets by three times to $5 billion (3.1 billion pounds) in five years by tapping growing demand for alternative investments in countries including Japan, the head of […]

Abu Dhabi’s Royal Capital plans fixed income, hedge funds

Arabian Business – Royal Capital, an Abu Dhabi-based investment firm, plans to focus on fixed income funds as it taps growing investor demand for the Middle East and North Africa (MENA), its head of asset management said. The two-year-old firm, […]

Hedge Fund Performance in 2010

New York ( – The Dow Jones Credit Suisse Hedge Fund Index team has released its 2010 Hedge Fund Industry Review. The report examines the drivers of hedge fund performance in 2010 and explores some of the noteworthy trends that […]

Hedge Fund People Moves: Serge Adam Joins Highbridge Principal Strategies

New York ( – Hedge fund manager Highbridge Capital Management has hired Serge Adam as a Managing Director at Highbridge Principal Strategies. Adam joins Highbridge after ten years at Sandell Asset Management, where he most recently was a senior managing […]

Hennessee Hedge Fund Index advanced +0.80% in January

New York ( – The Hennessee Hedge Fund Index advanced +0.80% in January (+0.80% YTD), while the S&P 500 advanced +2.26% (+2.26% YTD), the Dow Jones Industrial Average increased +2.72% (+2.72% YTD), and the NASDAQ Composite Index climbed +1.78% (+1.78% […]

Gore’s Investment Firm Said to Start $500 Million Asian Fund

Bloomberg – Al Gore’s Generation Investment Management LLP, which buys shares of companies it deems socially responsible, aims to start a $500 million fund to invest in Asia, said two people briefed on the plan. The fund may start by July, […]

Activist Fund Threatens Proxy Fight at Mentor Graphics

DealBook – An activist hedge fund on Monday threatened to mount a proxy fight at Mentor Graphics to protest what the firm said were moves meant to forestall talks with unhappy shareholders. Casablanca Capital, a hedge fund founded by former Lazard […]

Hedge Fund Launch: Merchant Capital to Launch Proprietary FX Trading Package

New York ( – The asset management division of Merchant Capital, a subsidiary of Merchant House Group PLC, has today announced that it will launch a FX proprietary trading package this month, Merchant Capital FX, in association with Hotspot FX, […]

Kurland To Pay $4.4 Million In Hedge Fund Fraud Settlements

New York ( – Mark Kurland, a former partner at hedge fund New Castle Partners is to pay $4.4 million to settle allegations of insider trading, a regulatory filing has revealed. Kurland was one of a number of executives working […]

Shumway to Return Client Cash in $8 Billion Fund by End of March

Bloomberg – Chris Shumway, who announced he would step down as chief investment officer of his $8 billion Shumway Capital Partners LLC in November, said he’ll return client capital by March 31, according to a letter sent to investors. Shumway, […]