Monthly Archives: January 2011
How Wall St. execs bankrolled GOP victory
MSNBC – A small network of hedge fund executives pumped at least $10 million into Republican campaign committees and allied groups before November’s elections, helping bankroll GOP victories that this week will change the balance of power in Washington, according […]
Sanders Morris Harris Group Completes Investment in Global Financial Services, $4 Billion Wealth Management Firm
Press Release – Sanders Morris Harris Group Inc. (Nasdaq: SMHG) today announced that it has completed its previously announced purchase of a 50.1% interest in Global Financial Services L.L.C. (www.globalhou.com). Global Financial manages approximately $4 billion of client assets and, […]
Hedge Fund People Moves: Hedgeye names Bob Brooke as a Managing Director
Press release – Hedge Fund research firm, Hedgeye Risk Management has hired financial services veteran Bob Brooke as Managing Director of New Business Development. “Hedgeye is fortunate to have Bob Brooke join our team at this point in our growth,” said Keith McCullough, CEO of […]
Former Icahn pro to launch hedge fund
HFM Week – Following reports that former Icahn Management head Rupal Doshi was departing the legendary hedge fund titan to start a hedge fund, more plans have materialised, HFMWeek has learned. According to sources familiar with her plans, the fund […]
Investors in Thoroughbred Fund Granted Early Exit
NYT – David Tepper, the manager of the $3 billion Thoroughbred Fund, is making a magnanimous gesture: he is allowing investors, who committed their money for three years, an early way out. “We were being nice,” Mr. Tepper, the founder […]
American Crossroads president says it operates like a hedge fund
The American Independent – The Los Angeles Times explores the prospects for campaign finance reform after Sen. Russ Feingold (D-Wisc.) lost his re-election in November and now that more Republicans are in Congress. (At Monday’s Republican National Committee chair debate, when […]
Hedge Fund Fraud: iPad Leaking Executive Makes Bail
New York (HedgeCo.net) – Three of the research executives arrested by the FBI in December have been granted bail, including the man who allegedly leaked details about the iPad to a a hedge fund. James Fleishman, from Primary Global Research, […]
People Moves: BTIG Hires David Kallenberg as Managing Director
BTIG, LLC, a global broker dealer specializing in institutional trading and related brokerage services, today announced another expansion to its Fixed Income group with the hiring of David Kallenberg as a Managing Director for its new Convertible Securities Desk in […]
Editorial: Hedge Fund Capital Raising for 2011
New York (HedgeCo.net) – 2011 will be a very good year for flows into the hedge fund industry despite the recent negative publicity generated from the insider trading scandal, according to hedge fund consulting specialist Don Steinbrugge, Chairman at Agecroft Partners. “This conclusion is […]
Seed capital for hedge funds set to hit $5 billion in 2011
Hedge Funds Review Magazine – The Blackstone Group is aiming to raise around $1.5 billion for its latest seeding vehicle while Investcorp completed its first seeding deal in two years at the end of 2010. SkyBridge Capital, NewAlpha Asset Management and […]
Six Bottles of Wine at $7,170 Validates TPG Founder’s Bet on Fine Vintners
Bloomberg – On a warm October afternoon, a steel- framed concrete warehouse north of San Francisco is inundated with grapes. Forklifts bearing fruit from the nearby Russian River Valley deliver their loads to a slow-moving conveyor belt. Flanking both sides, winemaking […]
Editorial: Black Market Tips
New York Times – As of today, seven people have been charged in an insider-trading investigation focused on investors and consultants connected to Primary Global Research, an expert-network firm. The cases, brought by Preet Bharara, the United States attorney in […]