Tag Archives: chief-executive
Hermes puts Focus funds partnership plan on hold
Forbes – Hermes, the fund manager owned by the BT Pension Scheme, has put on hold plans to restructure its activist Focus funds following the significant underperformance of its main European fund, the firm said in a letter to clients. […]
Daiwa drops big fund plan after Blackstone talks fail
Reuters – Daiwa Securities Group Inc, Japan’s second-largest brokerage, said that it would drop its plans for a large private equity fund after talks with Blackstone fell through. Daiwa had been in talks with private equity firm Blackstone Group LP […]
Westpac freeze on $1.2b held in US hedge fund
Sydney Morning Herald – The Westpac-controlled BT Investment Management delivered grim season’s greetings to retail investors when it froze withdrawals from a $1.2 billion fund days before Christmas. The funds manager suspended all redemptions from its Global Return Fund, which has […]
Chutzpah Spree by Accused Lawyer Nets $380 Million
Bloomberg – When Manhattan lawyer Marc Dreier needed to apply a patina of reality to allegedly bogus promissory notes he was pitching to hedge funds, he used Mission Impossible- type tricks. As the U.S. Attorneys Office in Manhattan tells it, […]
Fund manager found dead after Madoff losses
Times Online – A French investment manager who entrusted $2.1 billion (£1.42 billion) with Bernard Madoff was found dead in New York yesterday. Thierry de la Villehuchet is thought to have committed suicide. He was found early yesterday morning in […]
Hedge Fund Sued Over Expsoure to Madoff Funds
New York (HedgeCo.Net) – Gabriel Capital and founder Ezra Merkin have been sued for their exposure to Ponzi-schemer Bernard Madoff by a disdained investor. Scott Berrie, who has $500,000 tied up in one of Gabriel’s funds, claims that Gabriel lied […]
SEC Staff May Have Neglected Red Flags in Hedge Fund Fraud
New York (HedgeCo.Net) – SEC Chairman Christopher Cox has launched a probe into his own agency after it surfaced that complaints made to employees regarding the possible misconduct of Bernard Madoff were never investigated. Saying that specific allegations had been […]
Conference in Brussels on Carbon Capture & Storage
West Palm Beach (HedgeCo.net) – Platts 3rd Annual European Carbon Capture and Storage (CCS) conference is assembling the CCS community to discuss and review CCS projects in their various stages and look to uncover opportunities in what will become a changed […]
Hedge Funds, Other Large Institutions Burned By Madoff
New York (HedgeCo.Net) – Just days after what could prove to be the largest Wall Street sham in history, investors that were burned by Bernard Madoff are coming forward in droves. Spanish bank Santander, along with French bank BNP Paribas […]
Citadel Limits Redemptions in Two Hedge Funds
New York (HedgeCo.Net) – Chicago-based Citadel Investment Group has frozen redemptions from its two largest hedge funds after investors moved to withdraw $1.2 billion, according to a letter sent to clients on Friday. The letter, signed by CEO Kenneth Griffin, […]
Hedge Fund Dalton to Start $550 Million Distressed Asset Fund
Bloomberg – Dalton Investments LLC, the Los Angeles-based hedge fund with 70 percent of its assets in Japan, is starting a 50 billion yen ($550 million) fund that will invest in U.S. distressed assets, taking advantage of low prices. The […]
Salus Alpha Hedge Funds Not Exposed To Madoff Strategy
West Palm Beach (HedgeCo.net) – Vienna based hedge fund manager Salus Alpha Group Services GmbH said that any exposure to Madoff funds were systematically prevented by the proprietary investment approach of their funds at all times. "I am not shocked that […]
