Monthly Archives: January 2008
Hedge Fund Finance Chief Sentenced To 20 Years
West Palm Beach (HedgeCo.Net)- U.S. District Judge Colleen McMahon said of Daniel Marino, the former finance chief of the bankrupt hedge-fund firm Bayou Group LLC, "You are as much a career criminal as any mobster or any drug kingpin." The […]
Pension funds lose $1.5 trillion in share slump
Reuters- The global share sell-off may have wiped up to $1.5 trillion off the value of global institutional pension fund assets since the start of this year, consulting firm Watson Wyatt said on Wednesday. With the average allocation to equities […]
Hedge funds push Dillard
Forbes- Two prominent hedge fund managers owning a 5.3 percent stake in Dillard’s Inc Tuesday demanded the retailer run its business better to help boost its long-sinking share price. James Mitarotonda, who heads hedge fund Barington Capital Group, and hedge […]
HEDGE FUNDS Menta Capital co-founder leaves firm
MarketWatch- George Patterson, co-founder of Menta Capital LLC, said on Tuesday that he has left the San Francisco-based quantitative hedge fund firm. Patterson started Menta in late 2006 with Asriel Levin and Laurent Dubois. The three were formerly portfolio managers […]
Menta Capital Co-founder Leaves Firm
SAN FRANCISCO— George Patterson, co-founder of Menta Capital LLC, said on Tuesday that he has left the San Francisco-based quantitative hedge fund firm. Patterson started Menta in late 2006 with Asriel Levin and Laurent Dubois. The three were formerly portfolio […]
Hedge Funds May Help Solve Market Turmoil, SEC Comissioner Says
West Palm Beach (HedgeCo.Net)- SEC Commissioner Paul Atkins recommended that European and US regulators should learn from each other’s approach to regulating hedge funds, particularly as the hedge fund industry became more international. Atkins said he also expects hedge funds […]
Indian Policymakers Looking At Hedge Funds To Neutralize Rupee Appreciation
West Palm Beach (HedgeCo.Net)- India has been looking to hedge funds and loans since this year’s decline began in industrial growth from 11% a year ago to 9.5% in the first half of 2007-08, coupled with a fall in the […]
Hedge funds seek to shake up board of the New York Times
Independent- Arthur Sulzberger, the publisher of The New York Times and the chairman of its family-controlled parent company, picked out one of the most irritating thorns in his side in October when, after a two-year campaign to shake up the […]
Hedge funds seek to shake up board of the New York Times
CNNMoney.com Hedge funds seek to shake up board of the New York TimesIndependent, UK – 6 hours agoA pair of hedge funds has amassed a 5 per cent stake and wants to impose a slate of new directors and a sharp new […]
Chinese-style hedge funds lure top managers
Reuters- After he resigned as chief investment officer of JPMorgan’s China fund venture last August, Lu Jun was inundated with offers of senior posts at other asset management firms. But Lu, widely known in the country’s 3.2 trillion yuan ($445 […]
Hedge funds fuel volatility
InvestorDaily- Hedge fund participation in the share market downturn has only intensified the markets’ rapid fall, according to Australian Unity chief investment officer David Bryant. "They make a lot of money very quickly on the downside and unfortunately the Australian […]
Northern Trust FoHF’s To Recieve Daily, Instead of Monthly Data
West Palm Beach (HedgeCo.Net)- Northern Trust has announce the setup of a worldwide partnership with financial applications company youDevise, it will offer funds of hedge funds daily portfolio management data. Typically, funds of hedge funds ("FoHF") can only get this […]