Monthly Archives: January 2012
Manager Of Formerly $550 Million Hedge Fund Firm Threatened With Jail After Being Held In Contempt
Forbes – The manager of a formerly $550 million hedge fund firm has been found to be in civil contempt of court for violating temporary injuction orders and threatened with jail time by a Connecticut state judge who disapproved of […]
Hedge funds (What Are They Good For?): Saft
Reuters – Not only was it a bad year for the hedge fund industry, but 2011 may be the year the model was exposed as fundamentally broken. Last year had all of the hallmarks of the kind of year in […]
Hedge Funds Try to Profit From Greece as Banks Face Losses
Bloomberg) — Hedge funds in New York and London are trying to profit from trading Greek government bonds as European banks brace for losses from a debt swap. Saba Capital Management LP, founded by former Deutsche Bank AG credit trader […]
Hedge fund boss gets prison for insider trading
Reuters – A hedge fund manager from a prominent Denver family was sentenced in New York to one year and one day in prison on Wednesday after pleading guilty to insider trading charges. Drew “Bo” Brownstein, who controlled Big 5 […]
Brevan Howard Proves Master of Hedge Funds With Four in Top 100
Bloomberg – When Alan Howard set off for a business trip to India as a young Salomon Brothers bond trader in the late 1980s, colleagues advised against drinking local water. When he got back, the buzz on his trading desk was about the huge […]
Senrigan, Azentus Hedge Funds Said to Lose Money in 2011
Bloomberg – Senrigan Capital Group Ltd. and Azentus Capital Management Ltd., two of Asia’s biggest hedge- fund startups since 2009, lost money in 2011 as the region’s funds had their second-worst performance on record, said four people familiar with the […]
Hedge Funds Feel the January Blues as Subscriptions Slip
Reuters – Hedge funds have started the new year with a bout of the January blues, as investors get their books in order to start afresh in 2012, after last year’s rollercoaster ride, data showed on Wednesday [Jan. 11]. The […]
Hedge Funds Ask SEC to Let Them Solicit Private Funds Without Registration
Bloomberg – The Managed Funds Association is urging U.S. regulators to remove restrictions on solicitation and advertising in private offerings to make it easier for hedge funds to raise money and promote their products. The Securities and Exchange Commission should amend its […]
Evergreen Eyes Close as Ex-Goldman Traders Top Hedge Funds
San Francisco Chronicle – Evergreen Capital Partners Ltd.’s Australian hedge fund, which gained 58 percent in its first 18 months by buying resource stocks and short-selling retailers, will close to outside investors in six to 12 months to remain focused […]
Hedge Fund Veteran Howard Eisen Joins Conifer Group
Sacramento Bee – The Conifer Group, LLC (Conifer), a leading provider of fund administration, middle office, trading and prime brokerage services, today announced industry veteran Howard Eisen will join the Conifer Securities sales team as it expands its client base across […]
Analysis: The great hedge fund humbling of 2011
Reuters – Some of the best-known hedge fund managers have offered lots of excuses for underperforming the major stock market indexes last year, with many large funds posting double-digit losses. In letters to investors, managers pointed to things like Europe’s […]
Pluris Names Hedge Fund Valuation Specialist Vataha as Vice President
New York (HedgeCo.net) – Pluris Valuation Advisors LLC today announced that Kyle B. Vataha of Newport Beach, Calif., a nationally recognized expert in valuing alternative asset management firms, has joined the firm as Vice President. Vataha, who will open an […]