Monthly Archives: March 2013
Principal unit to buy majority stake in hedge fund firm
Des Moines Register – Principal Global Investors, the investment arm of Des Moines-based Principal Financial Group, has reached an agreement to buy a majority stake in a company that specializes in managing hedge fund investments. Principal plans to buy 55 […]
City Diary: Estranged hedge fund couple reunite for courtroom showdown
Telegraph – Today marks the beginning of the end-game of one of the most bitter disputes in hedge-fund history. Elena Ambrosiadou, the Cambridge graduate who built up Ikos Partners with her husband Martin Coward, has arrived in London from her […]
As Women Gain Wealth, Where to Invest? Female-Run Hedge Funds
Barron’s – Pay more attention to women, both those making money and those who invest it for others, writes Susan Gregory Thomas in Saturday’s Wall Street Journal in a story titled “The Rise of the Female Investor.” Thomas cited the […]
CEO of hedge fund firm Lansdowne to retire in June
Reuters – Lansdowne Partners, one of the world’s best-known hedge fund managers, said that Paul Ruddock is to retire as chief executive to focus on his work in the arts and charity sectors. Ruddock, who ranks among Britain’s richest financiers, […]
MorningStar: Hedge Funds rose 1.9% in January
New York (HedgeCo.Net) – The Morningstar MSCI Composite Hedge Fund Index, an asset-weighted composite of nearly 1,000 hedge funds in the Morningstar Hedge Fund database, rose 1.9% in January and advanced 6.3% for the trailing 12 months. Almost all Morningstar […]
Ogier Cayman Secures Hedgeweek Award for the Third Year in a Row
New York (HedgeCo.Net) – Ogier Cayman has been named ‘Best Offshore Regulatory Advisory Firm’ under the 2013 Hedgeweek Global Awards program. The honor was announced at a luncheon in London held on 1 March 2013. “As a firm we take great pride in […]
BNY Mellon’s Pershing Wins Hedgeweek’s Best North American Prime Broker Award
New York (HedgeCo.Net) – Pershing LLC, BNY Mellon’s prime brokerage business received the Best North American Prime Broker Award at the 2013 Hedgeweek Global Awards ceremony in London. The winners of this year’s awards were determined by votes cast by Hedgeweek subscribers—which includes institutional investors, wealth […]
A Spider Web Of Hedge Fund And Forex Ponzi Fraud
Forbes – This is a somewhat long and convoluted tale, whose every twist and turn will likely turn you’re your stomach in disgust. With that warning, let’s go back to 2009, when George Sepero, Glen Rock, NJ, Carmelo Provenzano, Garfield, […]
Market Chatter: Agrium Issues Proxy Circular, Slams Hedge Fund’s Break-Up Plans
“The war of words between fertilizer maker Agrium Inc (AGU, AGU.TO) and its biggest shareholder, Jana Partners, escalated on Monday with Agrium slamming the hedge fund’s plan to split the company in a letter to investors ahead of its annual […]
Hedge Fund Manager Claims Ex-Beauty-Queen Girlfriend Took Him For A $96,000 Ride
Here is the City – A new lawsuit filed by a Manhattan hedge-funder claims that his ex-beauty-queen girlfriend took him for a $96,000 ride during and after their brief relationship. The New York Post reports that Rishi Bajaj, 33, says […]
New headache looms for private equity, hedge fund firms
Pensions & Investments – A federal tax law aimed at preventing Americans from hiding their assets overseas will soon be a major compliance challenge — some say headache — for private equity and hedge fund managers. While institutional investors are […]
The World’s Richest Billionaire Hedge Fund Managers And Traders
Forbes – The world’s billionaires club now includes 40 men who have earned a significant part of their wealth from managing hedge funds. These hedge fund billionaires have profited by making big trades in financial markets and charging their investors […]