Monthly Archives: January 2011
Financial adviser doesn’t fight SEC over assets freeze
News & Record – Local hedge fund manager and basketball coach Stan Kowalewski bypassed a court hearing Wednesday on charges of securities fraud by letting the government keep his assets frozen. The decision in U.S. District Court for Northern Georgia […]
Hedge Fund Launches: Quaestus Capital’s New Private Equity Firm
New York (HedgeCo.net) – Quaestus Capital LLC, a newly formed private equity firm, announced its launch and investment strategy focused on the emerging asset management sector. Led by Les Hollis, with 20 years of investing, operating and fundraising experience, Quaestus […]
Hedge Fund People: BNY Mellon Names Alan Flanagan Head of Global Product Management
New York (HedgeCo.net) – Hedge fund service provider with more than $350 billion in assets, BNY Mellon Alternative Investment Services (AIS), has named Alan Flanagan as head of global product management. “The alternatives industry will see continued progress in 2011 and […]
New Hedge-Fund Disclosure Rules Probably Won’t Help at All
CNBC – The new disclosure rules for hedge funds proposed by the CFTC and SEC this week are much better than I would have expected. For one thing, it’s nice to see the Commodity Futures Trading Commission and the Securities and […]
Goldman Exec Wants More Regulation–Of Hedge Funds, Not Banks
Forbes – Gary Cohn is concerned about under-regulation. The shocking thing about this is that Cohn is president and COO of Goldman Sachs- not exactly a proponent of regulatory overhaul. The not so shocking part about his view is that it […]
Top hedge fund manager turns to tech micro-caps
The Globe & Mail – Canada’s best performing hedge fund manager of the past year has generated triple-digit gains from surging resource stocks, but now expects market leadership to switch to technology wallflowers. “There will be a pullback in resources […]
Subprime Wagers Made by at Least 50 Hedge Funds, Greg Lippmann Told FCIC
Bloomberg – Greg Lippmann, who gained fame for his bets against subprime mortgage securities, brokered wagers against the bonds to at least 50 hedge funds during 2006 and 2007, the formerDeutsche Bank AG trader told the Financial Crisis Inquiry Commission. The […]
UK universities eye and keep an eye on new hedge fund punts
Reuters – Pension schemes are moving away from the usual equity/bond/real estate mix to put their eggs in as many baskets as possible. No wonder then that the USS — the 31.6 billion pounds UK universities pension fund — is putting […]
Investor Fraud Task Force Snags More “Hedge Fund Managers”
New York (HedgeCo.net) – New Jersey hedge fund manager Robert J. Sucarato has entered a guilty plea in connection with a $1.6 million investment fraud scheme, Sucarato is President of the New York Financial Company (NYFC), the Westmoreland Times reported […]
Gottex Client Assets Rise as ‘Life Returns’ to Funds of Funds
Bloomberg – Gottex Fund Management Holdings Ltd. said client assets increased 6.4 percent in the fourth quarter of last year as the Swiss and U.K.-based hedge fund firm added managed accounts and started a joint venture. Fee-earning assets rose to […]