Tag Archives: hedge fund
Md. gets $9M judgment against former hedge fund
The Examiner – The Maryland attorney general’s office says it has won a $9.5 million judgment against the operator of several former hedge funds. The judgment was granted in Prince George’s County Circuit Court against John Henry Williams. In February […]
Vicis Capital Suspends Redemptions After Hedge Fund Loses 12%
Bloomberg – Vicis Capital LLC, the $2.9 billion hedge fund started by former Lehman Brothers Holdings Inc. trader John Succo in 2004, barred clients from withdrawing money from its main fund after losses this year. The firm received “higher-than-anticipated” requests […]
Deutsche appoints co-heads for Asia prime fin unit
Reuters – Deutsche Bank said on Tuesday it had appointed David Murphy and Nathan Davison as co-heads of its prime finance unit in Asia as it looks to take a bigger share of the market amid the ongoing recovery in […]
CME Partners With Hedge Funds in Restructuring Clearing Services
New York (Hedgeco.net) – CME Group is restructuring its credit default swap (CDS) with hedge fund Citadel Investment Group as a strategic program targeted at providing clearing-only services for the nearly $27 trillion CDS market. Key features developed as part […]
Treasury Group Backs First Hedge Fund With AR Capital Stake
Bloomberg – Treasury Group Ltd., a Sydney-based asset manager, has made its first investment in a hedge fund, taking a 30 percent stake in AR Capital Management. Treasury Group, with six partners managing A$10.9 billion ($9.4 billion) in assets under […]
Deal’s third man
New York Post – “Malone’s a hybrid guy,” said one media mergers-and-acquisitions banker. “He operates Liberty with as much of a financial focus as a strategic focus and he looks at deals like a leveraged buyout investor would.” Indeed, Liberty […]
France, Britain converge on EU hedge fund rules
EurActiv – French financial market regulator AMF has aligned itself with British opinion on the EU draft directive to reign in alternative investment funds, in contrast with the strictly pro-regulation stance of French President Nicolas Sarkozy. At a conference in […]
Governor’s hedge fund investment questioned
The Star-Ledger – Gov. Jon Corzine has a stake in a private hedge fund related to the corporate owner of four New Jersey casinos, an investment Republican critics contend presents at least the appearance of a conflict for a multimillionaire […]
Hedge fund investors worried EU plans limit choice
Reuters – Institutional investors said on Thursday that draft European Union rules that could bar non-EU fund managers from marketing their products in the region could limit their investment choices and upset their portfolio balance. U.S. managers “would effectively be […]
To Reduce Hedge Fund Risk, Let Everyone In
New York Times – It is time to get serious about hedge fund risk. This, however, is not the usual argument for more regulation of hedge funds. Here is a contrarian view: the best course for our capital markets may […]
Deloitte Adds Hedge Fund Heavyweights Schubert and Iler
New York (HedgeCo.Net) – Hedge fund pioneers Ellen C. Schubert and Ray J. Iler have joined the hedge fund team of Deloitte LLP’s Asset Management Services practice. Schubert joined Deloitte in the newly-created role of Chief Advisor to the Asset […]
Hedge flows above pre-crisis levels -Martin Currie
Guardian – Scottish fund firm Martin Currie is seeing investors put money into its hedge funds at a faster rate than before the credit crisis, an executive told Reuters, in another sign the industry is reviving. After $300 billion of […]