Monthly Archives: January 2011
Hedge Fund Roc Capital Management Sells Minority Stake to Vanisha Bhatia
Bloomberg – Roc Capital Management LP, a New York-based hedge fund, sold a minority stake to Vanisha Mittal Bhatia, daughter of ArcelorMittal’s Lakshmi Mittal, the world’s fifth-richest man. Bhatia, 30, and her husband, Amit Bhatia, 31, this month purchased the stake of […]
Trading probe reveals the temptations for ‘experts’
Reuters – Expert network firms, currently the focus of a major U.S. insider trading investigation, have never had to work too hard to find midlevel corporate executives willing to moonlight as paid consultants. With consultants earning anywhere from $200 to […]
Fund Of Hedge Fund Launch: The Miles Howland Socially Responsible Investment Fund
New York (HedgeCo.net) – Miles Howland & Co. LLC is developing a new fund of hedge funds that focuses on the socially responsible investment (SRI) area, the Miles Howland Socially Responsible Investment Fund. The new FoHF will allocate capital to […]
William Blair & Co. to buy Guidance Capital assets
Bloomberg – Investment firm William Blair & Co. has agreed to buy certain assets of hedge fund manager Guidance Capital LLC. William Blair said it expects to complete the transaction in the first quarter of this year. It did not disclose […]
Falcone’s flagship hedge fund sees more red
Reuters – Philip Falcone’s flagship hedge fund started 2011 right where it ended 2010 — in the red. Additionally, Falcone, who rocketed to fame on a bet against the housing market, stopped reporting his Harbinger Capital Partners funds’ returns to HSBC’s […]
Mutual Fund That Acts Like a Hedge Fund Launched by Frost Advisors
New York (HedgeCo.net) – Texas-based Frost Investment Advisors has launched the Frost Diversified Strategies Fund (FDSFX), providing investors access to alternative investment management strategies previously available to hedge fund and private equity fund investors. “The Frost Diversified Strategies Fund is […]
For Small Hedge Funds, Success Brings New Headaches
NYT – The hedge fund manager Grange Johnson of LaGrange Capital Partners had a banner year in 2010. His two portfolios returned nearly 70 percent in a period when the average hedge fund gained about 10 percent. But those gains […]
Man Group hit by client withdrawing $1bn
Telegraph – Man bought GLG for $1.6bn to lessen its dependence on computer-driven funds but $1bn of redemptions were from GLG itself. The money, which was withdrawn by a single client, is understood to have come from a European sovereign […]
Chiesi Pleads Guilty Ahead Of Rajaratnam/Galleon Hedge Fund Trial
New York (HedgeCo.net) – Danielle Chiesi has pleaded guilty at a plea proceeding in U. S. District Court located in New York. She was accused of receiving insider information worth $1.7 million from Robert Moffat, Jr., who also pleaded guilty in […]
Hedge fund head raises cash for FoodBank
NJ.com – David Tepper, head of one of the state’s biggest hedge funds, has had a history of giving to the Community FoodBank of New Jersey. But this year he decided he also could use his influence as president of […]
Canadian funds outpace benchmarks in 2010
The Globe & Mail – Canadian hedge funds broadly outperformed benchmarks last year, and a few hot managers in hot sectors managed to post eye-popping returns. The Scotia Capital Canadian Hedge Fund Performance Index finished the year up 20.2 per […]
Health Journals May Force Reporting of Hedge Fund Ties
Bloomberg – The New England Journal of Medicine and 13 other research publications may force scientists who submit studies to disclose payments from hedge funds in the wake of insider-trading probes involving a drugmaker and technology companies. Editors for the […]