Tag Archives: hedge fund
CIC Said to Invest $500 Million in Hedge Funds, Blackstone
Bloomberg – China Investment Corp., the nation’s $200 billion sovereign wealth fund, may invest as much as $500 million in hedge funds including those run by Blackstone Group LP, said two people familiar with the matter. CIC aims to allocate […]
Fund managers eye hedge fund stress tests
Reuters – Fund managers need to stress-test worst-case scenarios more rigorously before investing in hedge funds, industry participants at a hedge fund conference said on Thursday. Many existing stress tests, used to gauge how funds will perform in extreme market […]
Lake Shore Asset Management chief Philip J. Baker indicted
Chicago Tribune – Federal prosecutors have unsealed a wide-ranging indictment against Philip J. Baker, accusing the head of Chicago-based hedge fund Lake Shore Asset Management Ltd. of defrauding hundreds of investors out of roughly $312 million. U.S. Atty. Patrick Fitzgerald […]
Colonial Seeks Hedge Fund to Join Gore, 452 in Alliance Stable
Bloomberg – Colonial First State, Australia’s biggest asset manager, may seek an alliance with a hedge fund to offer customers a strategy capable of profiting in rising or falling markets. The manager of about A$130 billion ($103 billion) has A$4 […]
China’s Sovereign Wealth Fund Aims to Invest in Hedge Funds
Bloomberg – Felix Chee, an adviser to China’s $200 billion sovereign wealth fund, said it aims to make investments in hedge funds. “We will have a preference for managed accounts,” he said in an interview today at the GAIM International […]
Hedge fund firm GLG says industry flows stabilised
MONACO, June 17 (Reuters) – Investor flows out of the hedge fund industry have stabilised and the health of the industry has improved, GLG senior managing director Pierre Lagrange told Reuters on Wednesday. ‘Industry-wide they (flows) have stabilised,’ Lagrange said […]
Chicago Hedge Fund Manager Indicted
New York Times – The managing director of a collapsed Chicago hedge fund, Lake Shore Asset Management, was indicted by a federal grand jury. Prosecutors say the director, Philip J. Baker, operated a $300 million fraud. The 27-count indictment was […]
China?s Sovereign Wealth Fund Aims to Invest in Hedge Funds
June 17 (Bloomberg) — Felix Chee, an adviser to China’s $200 billion sovereign wealth fund, said it aims to make investments in hedge funds. “We will have a preference for managed accounts,” he said in an interview today at the […]
AlphaMatrix Hires UBS’ Managed and Hedge Fund Services
West Palm Beach (HedgeCo.net) – AlphaMetrix, LLC, a $1.8 billion managed account platform for institutional and accredited investors, today announced the hiring of Richard Meade, 39, as Executive Director of Client Relations. This new position was created to ensure a […]
Ex-Insight managers launch multi-asset firm
MONACO (Reuters) – Former Insight Investment fund managers Patrick Armstrong and Ana Cukic-Armstrong have launched a new fund management business that will invest in a broad range of assets and seek to beat inflation. The firm, Armstrong Investment Managers, will […]
Hedge-Fund Startups Sprout as Roc Gathers $1 Billion
June 16 (Bloomberg) — Arvind Raghunathan , former head of Deutsche Bank AG’s global arbitrage business, will open his new hedge-fund firm next month with more than $1 billion, a sign that investors are trickling back after record losses last […]
Hedge fund leverage is returning
Hedge funds have begun to raise leverage levels again in recent weeks as prime brokers and other lenders become bolder about extending credit in more stable markets, a lawyer specializing in the sector said on Tuesday. Henry Bregstein, attorney at […]