Monthly Archives: March 2011
Blackstone hedge fund seeder business gets traction
Chicago Tribune – Wealthy investors are showing a healthy appetite these days for newly minted hedge fund managers, judging by the activity in one Blackstone Group managed portfolio. In about four months, hundreds of individual investors sank some $355 million […]
Ex-Dresdner traders ready $40 mln Asia hedge fund
Reuters – Noho Capital, founded by former equity derivative traders of Germany’s Dresdner Bank, is preparing to launch a managed futures Asia-focused hedge fund aimed at gathering $40 million by the end of 2011. Mathias Piardon and Frederic Levy, co-founders of […]
Hedge Fund Launch: The Quant Global Equities fund
New York (HedgeCo.net) – The Luxembourg Financial Group has launched The Quant Global Equities fund with daily liquidity that will follow the investment strategy of the award winning BVI based QAM Global Equities Fund, and is available initially in both […]
Prosecution Filing Shines Light on Possible Galleon Defense
WSJ – Galleon Group founder Raj Rajaratnam shouldn’t be allowed to use conversations with a trader at his hedge fund that were secretly recorded by a cooperating witness as part of his defense against insider-trading charges, federal prosecutors said in a […]
Ex-Fund Manager Charged in SEC Death Threats Blames Retaliation for Plight
Bloomberg – For Vincent P. McCrudden, the former hedge-fund manager charged with threatening to kill financial regulators including U.S. Securities and Exchange Commission Chairwoman Mary L. Schapiro, his prosecution is the culmination of a decade-long government vendetta. McCrudden was arrested […]
Man Group to sell 25% interest in rival BlueCrest back for $633m
BBR – Hedge fund manager Man Group has agreed to sell its 25% interest in rival BlueCrest back to the firm for $633m. Man’s investment in BlueCrest, which dates from 2003, is expected to generate a pre-tax profit on disposal […]
Ex-Intel man ‘tipped’ Raj Rajaratnam
BBC – A former Intel executive has said that he passed company information to his friend Raj Rajaratnam in the biggest Wall Street insider-trading trial in decades. Rajiv Goel made the claims as a witness for the prosecution. Former billionaire hedge-fund […]
Complying Won’t Be Cheap For Hedge Funds, Private Equity
On Wall Street – Alternative investment funds which need to register with the Securities and Exchange Commission for the first time will find it a costly process, according to research firm Aite Group. Hedge funds and private equity funds will […]
Hedge fund industry to change as pension investment rises
Global Pensions – Hedge fund managers will have to lower fees, change their business strategies and lower their risk tolerance as pension funds increase their allocation to the asset class, Moody’s Investors Service believes. In an Industry Outlook paper published […]
FCA eyes third Asia focused hedge fund seeding
Reuters – London-based FRM Capital Advisors (FCA) expects to seed three to four hedge funds in 2011, one of which could be in Asia, Chief Operating Officer Patric de Gentile-Williams said. FCA is open to seed managers moving out of […]