Monthly Archives: March 2011
Kenmar Group selects GlobeOp for managed account fund administration, risk, managed services
New York – The Kenmar Group, a Rye Brook-based $1.5 billion global alternative investment firm, has selected GlobeOp Financial Services to provide an extensive range of fund administration, risk and data centre-related services. Kenmar invests in managed accounts and funds […]
Man Acquires $800 Million Hedge Fund
New York (HedgeCo.net) – Hedge fund giant Man Group plc., yesterday entered into an agreement to take full ownership through its US subsidiaries of Ore Hill Partners LLC and Ore Hill Partners Capital Management LLC (together, Ore Hill). “We are extremely excited […]
Rainford Knight: Hedge Funds To Raise Assets From Family Offices In Asia
New York (HedgeCo.net) – The family office space is seeing unexpected growth and will quickly become an important target for hedge fund asset-raising in the coming months, Opalesque reported in an exclusive report. Due to the expansion, Credit Suisse among other major investment […]
Hedge Fund Launches: The AquaTerra Fund
New York (HedgeCo.net) – Global Fund Exchange Ltd., a member of the New York based Global Fund Exchange Group, announced the launch of the AquaTerra Fund, a new investment vehicle which invests in global opportunities in agriculture, water and natural […]
Rajat Gupta, figure in insider-trading probe, quits Gates Foundation panel
Seattle Times – Rajat Gupta, the former Goldman Sachs Group director accused of leaking insider information to Galleon Group founder Raj Rajaratnam, has resigned as an adviser to the Bill & Melinda Gates Foundation. “Rajat Gupta has stepped down from […]
Venezuela’s energy minister says oil company has no ties to Connecticut hedge fund manager
AP – Venezuela’s energy minister says the country’s state oil company has no ties to a Connecticut hedge fund manager who has pleaded guilty to fraud in a scheme that could cost investors hundreds of millions of dollars. Rafael Ramirez […]
PDVSA to Guarantee Pension Fund Investments Lost in U.S. Fraud
Business Week – Francisco Illarramendi, the majority owner of a holding company through which he managed several hedge funds, pleaded guilty to fraud in the U.S. on March 7 after investigators from the Securities and Exchange Commission uncovered what prosecutors […]
Judge halts Petters settlement
Minneapolis Star Tribune – A federal judge Friday froze a $14 million settlement between the bankruptcy estate of convicted businessman Tom Petters and the remnants of a Connecticut-based hedge fund once managed by a major participant in the Petters-run Ponzi […]
Oil Falls Third Day; Hedge Funds’ Gas Bets
Bloomberg – Hedge funds raised bets on natural gas by the most in three months as colder-than-normal weather in the U.S. and expectations for increased demand from Japan stoked speculation that demand for the heating fuel will increase. Oil fell […]
Hedge Funds May Salvage Month Despite Japanese Quake
Dow Jones -After getting hammered by a market slump the week after the Japan earthquake, hedge funds may be able to salvage what could have been one of the worst months for the industry since the global financial crisis. Japan’s […]
Regulation win for hedge funds over banks
The Telegraph – “Non banks”, which include hedge funds, private equity firms and pension funds, are likely to pick up an increasing share of financing services once provided exclusively by the big banks. The forecast comes in a report by […]
SEC Sues Petters Connecticut Feeder Fund, Manager Over Alleged Fraud
Bloomberg – A Connecticut hedge fund and its manager were sued by the Securities and Exchange Commission for disgorgement of gains made while sending hundreds of millions of investors’ dollars to fraud scheme operator Thomas Petters. The SEC complaint was filed […]