Monthly Archives: January 2012
Hedge fund with $100 million in Ky retirement money fails, will shut down
The Republic – A Connecticut-based hedge fund that included $100 million in investments by the Kentucky Retirement Systems has failed and will shut down. T.J. Carlson is chief investment officer for the Kentucky Retirement Systems. Carlson told the Lexington Herald-Leader that Arrowhawk Capital Partners […]
London hedge fund in sale talks with private equity
London Evening Standard – GlobeOp Financial Services, one of the leading suppliers of back office support to hedge funds, said today that it is in takeover talks with two private equity houses. It has hired Evercore Partners to oversee a […]
Partners share £27 million at Paulson’s London arm
Reuters – Profits at Paulson Europe, the UK-based arm of John Paulson’s hedge fund firm, fell 17 percent in the year to end-March, reflecting losses in the billionaire investor’s funds, although its four partners still shared a 26.5 million pound […]
How Europe’s year of indecision sowed the seeds of future conflict
Guardian – The dire economic situation in which most of the rich world found itself in 2011 was not merely the result of impersonal economic forces, but was largely created by the policies pursued, or not pursued, by world leaders. […]
Malta Lures Hedge Funds With Sun, EU Rules
Bloomberg – Erik Nelson was working in Stamford, Connecticut, as a research analyst at FMG USA LLC, the U.S. arm of FMG, a fund of funds specializing in emerging and frontier markets, when his bosses called him into a meeting in […]
Hedge Fund Advisor Gemini Expands With Nine Funds
New York (HedgeCo.net) – Hedge fund advisor Gemini Fund Services, LLC., has announced the expansion of the Northern Lights Variable Trust (NLVT) with the addition of nine funds throughout 2011, the NLVT now comprises 14 funds in total, with over […]
Malta Lures Hedge Funds With 300 Days of Sun Aided by EU Rules
Bloomberg – Erik Nelson was working in Stamford, Connecticut, as a research analyst at FMG USA LLC, the U.S. arm of FMG, a fund of funds specializing in emerging and frontier markets, when his bosses called him into a meeting […]
Black Diamond Capital Management Appoints Kenneth Rubin as a Senior Managing Director and Hedge Fund Portfolio Manager
Black Diamond Capital Management, L.L.C. (“Black Diamond”), a leading alternative asset management firm with over $10 billion in assets under management, today announced the appointment of Kenneth Rubin as a Senior Managing Director and Hedge Fund Portfolio Manager. Mr. Rubin […]
Two hedge funds appeal US court’s Anglo ruling
Independent.ie – Two Cayman Island hedge funds have appealed a US court ruling that granted immunity to Anglo Irish Bank in a row related to a $200m (€155m) subordinated bond. The bank, now known as Irish Bank Resolution Corporation (IBRC), was granted […]
Ex-FrontPoint Foo plans $50 mln Asia hedge fund
Reuters – Former FrontPoint portfolio manager John Foo is preparing to launch an Asia-focused hedge fund that will start trading with about $50 million (32 million pounds) on March 1 in Singapore. The Asia ex-Japan long/short Kingsmead Asian Alpha Opportunities Fund […]
South African hedge funds outperform broader hedge fund indices
Opalesque – South African-based Peregrine Securities, Prime Services division reports that for hedge funds serviced by them returns were pretty positive over 2011. Long/short strategies represent some 85% of assets under management for the firm and the year to date returns […]
Asia Hedge Funds Face Attrition Amid Most Closures Since ’08
Bloomberg – Asia’s hedge-fund industry is set to shrink in 2012 after a year in which growth stagnated, performance faltered and managers struggled to raise capital. There were 123 Asian hedge funds that closed in the first 10 months of 2011, compared […]