Monthly Archives: January 2010
Ex-Credit Suisse Manager Tomiyama to Start Japan Hedge Fund
ABC News – Kunio Tomiyama, former chief fund manager at Credit Suisse Asset Management Ltd., plans to start a hedge fund by the end of this year that will restrict investments to a maximum of 30 Japanese stocks to boost […]
Hedge Fund Lender Reaps Returns on Fallen Companies Banks Shun
Bloomberg – Hedge fund manager Michael Tennenbaum, at age 74, plans to race down a giant slalom course on Vail Mountain in Colorado in March at the Directors’ Invitational Ski Classic, an annual event that pits pro skiers against business […]
Calif. Fund Manager Sentenced in Fraud Scheme
ABC News – The founder and manager of two Beverly Hills hedge funds has been sentenced to more than 10 years in federal prison for cheating investors out of more than $25 million. Bradley Ruderman was sentenced Monday in a […]
Benzinga’s Daily Hedge Fund Briefing – More Statistics Show Hedge Funds Had a Banner Year in 2009
Benzinga – December and 2009 year-end results for the USA’s biggest hedge funds are starting to trickle in, and DealBook has obtained some of the numbers. Hedge Fund Research, which tracks a number of funds, said its index of fund […]
SAIL to launch up to $300 mln distressed fund in Q1
Reuters – SAIL Advisors, the Hong Kong-based fund of hedge funds, aims to raise $200 million to $300 million for a distressed asset fund which will likely launch in the first quarter of 2010, a top executive said on Tuesday. […]
Bandon Embraces Alternative Strategy for Non-accredited Investors
New York (HedgeCo.net) – Boutique Independent Broker Dealer and hedge fund manager, Bandon Capital Management, LLC, announced a new relationship with American Independent Securities Group, LLC (AISG) enabling the advisors of AISG to make available Bandon’s flagship investment strategy, the […]
UPDATED: Advisers Charged With $160 Million Nadel Related Hedge Fund Fraud
New York (HedgeCo.net) – The SEC has charged two investment advisers with securities fraud for misleading investors about the financial condition of three hedge funds they managed, and misrepresenting that they controlled the funds’ investment and trading activities when in […]
Future Crisis Worries – Hedge Fund Compliance Survey
Three quarters of the world’s senior banking and compliance officers polled as part of a wide-ranging survey by Complinet, a hedge fund compliance company, said they are expecting the next financial crisis will strike within the first half of this […]
Wanted: Alleged Ponzi Schemer
Forbes – Toronto Police issued a Canada-wide warrant to arrest Weizhen Tang on charges that he ran a Ponzi scheme which allegedly defrauded more than 100 investors of approximately $30 million. The investors were mostly wealthy Chinese, both in North […]
Bluenose To Launch Onshore Hedge Fund
New York (HedgeCo.net) – BVI-based investment manager Bluenose Capital Management is planning to launch The Bluenose North American Market Neutral Fund, an onshore version of its successful offshore flagship hedge fund on March 1st, 2010. The Delaware-domiciled fund has a […]
Hedge fund trade group MFA to collect key data
Reuters – Hedge fund industry trade group Managed Funds Association (MFA) said on Friday it plans to collect key financial data from managers at a time the secretive industry is under pressure to become more transparent. MFA, which counts powerhouse […]