Monthly Archives: January 2012
Hedge Fund Launches: The Pyxis Alternative Income Fund
New York (HedgeCo.net) – Pyxis Capital, L.P.has launched the Pyxis Alternative Income Fund. Anchor Capital Management Group, Inc. (“Anchor Capital”) will serve as the fund’s sub-advisor. “The Pyxis Alternative Income Fund offers mutual fund investors a strategy that until recently […]
Two Hedge Fund Employees Said in Custody in Insider Probe
Bloomberg – Two hedge-fund employees are in custody in the U.S. probe of insider trading that has already snagged Galleon Group LLC co-founder Raj Rajaratnam, and about 50 others, according to a person familiar with the matter. One person was arrested in […]
Former Hedge-Fund Manager Chiasson Sought by FBI
WSJ – Federal authorities tried to arrest a former hedge-fund executive at his Manhattan home before dawn Wednesday, expanding an insider-trading investigation to directly involve one of Wall Street’s most prominent money managers. Anthony Chiasson wasn’t home when Federal Bureau […]
FBI Makes More Wall Street Corruption Arrests in Insider Trading Probe
NBC – The FBI has made another round of arrests of Wall Street traders as part of an ongoing corruption probe that authorities have considered one of the most extensive insider trading investigations in history. At least two traders, including […]
Hedge funds threaten to upend Greek deal
UPI – Five hard-line hedge funds threatened to block a final effort to save Greece from default unless they get an ample bond payout, debt-restructuring sources said. New York’s York Capital Management, Marathon Asset Management and Och-Ziff Capital Management Group, […]
Losses at AHL hedge fund saw Man Group assets fall last quarter
Investment Europe – Man Group reported a fall in assets of $6.1bn last quarter, bringing total funds at the diversified fund manager to $58.4bn, led by sharp falls in the combined assets of its systematic AHL hedge fund. Peter Lenardos, […]
Federal Reserve as a Hedge Fund: Higher Profits, Lower Pay
DealBook – The year 2011 is over, and soon we’ll be hearing again about billion-dollar paydays for select hedge fund wizards. If it makes you feel any better, not everyone is sharing in these riches. The people who operate the […]
Regulation Prompts Hedge Fund Managers to Reconsider Domiciles
New York (HedgeCo.net) – A greater focus from regulators and investors has led to an increased number of hedge fund and private equity managers actively considering strategic moves to more favourable domiciles. Emerging regions are particularly appealing to investors and […]
U.S. hedge fund considering local market entry
Yonhap – Millennium Partners, a fund managed by the U.S.-based Millennium Management LLC, is considering tapping the South Korean hedge fund market, sources said Monday, in what would mark the first local entry of an overseas fund. Millennium Partners, which […]
Hedge Fund Cowen Group Acquires ATM LLC
New York (HedgeCo.net) – Hedge fund giant Cowen Group, Inc. has announced the acquisition of Algorithmic Trading Management, LLC. (ATM), a provider of global, multi-asset class algorithmic execution trading models. “The ATM team has developed first-rate execution technology that will […]
Star dims for Goldman’s youngest partner
CNN – After a year of losses, the exodus of investors from hedge funds hasn’t been as great as many expected. In the case of Eric Mindich’s $12 billion Eton Park Capital Management — which fell about 11% last year […]
Hedge funds push for debt swap on CVC’s Nine-source
Reuters – Hedge funds owning a large chunk of the $2.8 billion debt in Australia’s Nine Entertainment, owned by buyout firm CVC, have prepared a proposal to convert their debt into equity in the TV network, a source told Reuters, […]