Monthly Archives: March 2013
Events: Hedge Funds Care NY 15th Annual Benefit
New York (HedgeCo.Net) – Hedge Funds Care’s 15th Annual New York Open Your Heart to the Children Benefit will this year be hosted by the New York Committee of Hearts and co-chairs Joseph Fisher, Deloitte and Dylan Curley, J.P. Morgan. Hedge […]
People Moves: HedgeMark Hires Hedge Fund Specialist
New York (HedgeCo.Net) – Wayne Hu has joined HedgeMark International, LLC, a BNY Mellon affiliate, as a Director in HedgeMark’s Risk Analytics division. Prior to joining HedgeMark, Mr. Hu spent nearly five years with MeasuRisk LLC as part of the […]
An activist hedge fund helps light up an old gasper
The Economist – There is an almost quaint—if you can stand it—old-world aura about smoking in Japan, like watching a 1950s film noir. Smoke billows out of bars. The government holds down cigarette prices. In some cities, you can puff […]
LOIM hires hedge fund founder for global macro push
CityWire – Lombard Odier Investment Managers has hired hedge fund specialist Tim Yetman to develop a global macro unit in London, the asset management firm has announced. Yetman joins from hedge fund company OLEA Capital Partners, where he was both […]
Hedge fund in “Whale” trade tried to poach JPM employees: sources
Reuters – BlueMountain Capital, a hedge fund involved in JPMorgan Chase & Co.’s $6.2 billion trading loss last year, tried to recruit several employees in the bank’s chief investment office in the months before the losses, according to two people […]
Florida Gov. Invites Hedge Fund Providence To Move
FINalternatives – Florida’s governor is taking advantage of the publicity surrounding an anecdote-heavy New York Post article about hedge funds moving to Florida to pitch such a move to a Rhode Island hedge fund. Gov. Rick Scott wrote to Providence Investment Management […]
A Citi Hedge Fund Business Prepares for Life on Its Own
DealBook – Come Friday, one of Citigroup’s internal hedge fund units will begin a new life, free from its corporate parent and the restrictions that have come with new banking regulations. What once was part of Citi Capital Advisors will now be […]
GenSpring Faces $57 Million Lawsuit Over Hedge Funds
New York (HedgeCo.net) – According to an arbitration claim filed by Florida law firms, Vernon Healy and Dovin Malkin & Ficke, GenSpring Family Offices failed to adequately diversify the $57 million portfolio of an ultra high net worth individuals and […]
Strict hedge fund rules in Korea hinder market growth
Risk.net – The newly born Korean hedge fund market has made swift progress – but regulatory obstruction makes it difficult for funds to get both clients and prime brokers. Following a three-year gestation period, the Korean hedge fund market burst […]
Hedge Funds Register, FSA Anti-Bribery, CFPB: Compliance
BusinessWeek – The U.S. Securities and Exchange Commission will oversee hundreds more private advisers at hedge funds and private equity firms than it first predicted, expanding the reach of one of the most controversial requirements of the Dodd-Frank Act. The […]
Major European hedge fund probed
Reuters – Brevan Howard, one of Europe’s largest hedge funds, asked Royal Bank of Scotland PLC to change the LIBOR rate, a former trader for the British bank said in court documents filed in Singapore. RBS said earlier this month […]
The highest earning hedge fund manager is Ray Dalio
CNNMoney – The highest earning hedge fund manager of 2011 essentially won the equivalent of seven of the current $540 Mega Million jackpots last year. Bridgewater Associates’ Ray Dalio’s reward for his bets on where the markets were heading: $3.9 […]