Monthly Archives: January 2011
Hedge Fund Association launches new chapter in Cayman Islands
Opalesque Industry Update – The Hedge Fund Association (the HFA) today announced that it will be opening its newest chapter in the Cayman Islands in response to intense demand by Cayman-based hedge fund industry participants. This newest step in the […]
Hedge Fund Index Estimated Up 3.01% in December
New York (HedgeCo.net) – Early estimates indicate the Dow Jones Credit Suisse Hedge Fund Index (“Broad Index”) surged ahead in December, posting positive performance of 3.01% for the month (based on 88% of assets in the index reporting). Key highlights […]
People Moves: Quest Names Hedge Fund Expert Ekern As President
New York (HedgeCo.net) – New York based commodities trading advisor Quest Partners LLC., has appointed Nigel Ekern as its President. Ekern joins Quest with over 13 years hedge fund experience and will oversee operations and business development. “This is an […]
Hedge funds grow by £8bn
This Is Money – Investors entrusted hedge funds with more than £8bn of their cash during November, as a revival in the fortunes of the secretive £1 trillion industry continued. November saw $13bn (£8.3bn) pumped into hedge funds, according to […]
Report: Hedge Funds Up $13 Billion, Bright Year Ahead
New York (HedgeCo.net) – The hedge fund industry posted an estimated inflow of $13.0 billion (0.8% of assets) in November 2010, the fifth straight inflow as well as the heaviest since February 2010 according to TrimTabs Investment Research and a […]
Goldman Sachs traders leave to set up new fund
Bobs Guide – A team of proprietary traders at Goldman Sachs are leaving the investment bank to set up a new hedge fund, a newspaper report has claimed. According to the Financial Times (FT), which cited unnamed sources familiar with the […]
Indian-American charged in US’ biggest insider trading case
ND.TV – An Indian-American is among four persons charged by US authorities as part of a wide-ranging investigation involving the multi-billion-dollar Galleon Group hedge fund scam, the biggest insider trading case in the country. Sunil Bhalla, a senior executive with […]
Top Harbinger Official Leaves to Start Own Firm
NYT – After more than eight years working beside Philip A. Falcone, the currently embattled hedge manager of Harbinger Capital Partners, Lawrence Clark, a top investment manager at the firm, confirmed Monday that he had left to start his own […]
Ex-TCI Asia Head’s Hedge Fund Raises $500 Million, Returns 35%
Bloomberg – John Ho, former Asia head of the Children’s Investment Fund Management UK LLP, has stopped marketing his hedge fund to new investors after assets expanded to about $500 million in its first year. Janchor Partners Pan Asian Fund […]
Centaurs Energy Master Hedge Fund Fined for Violating Nymex Trade Limits
Bloomberg – Centaurus Energy Master Fund LP, a Houston-based energy hedge fund run by former Enron Corp. trader John Arnold, was fined $15,000 by New York Mercantile Exchange for violating position limits in natural gas. Centaurus exceeded limits for the expiring […]
Hedge fund claims Tiffany is 2011 takeover target
Professional Jeweller -Investment fund Bernheim, Drefus & Co believes that luxury jewellery Tiffany & Co could be subject to a takeover bid by a luxury conglomerate in 2011. The Paris-based hedge fund manager said that there are three “likely acquirers” – […]
UCITS Hedge Fund Strategy Index finish 2010 at +5.05%
New York (HedgeCo.net) – The UCITS HFS Index reported a positive performance for the sixth month in a row and returned +0.60% in December. The broad index started slightly positive into the month with a first week return of +0.17%. […]