Monthly Archives: March 2011
Dell’s investment firm launches new hedge fund
MarketWatch – MSD Capital, the firm that invests Michael Dell’s money, raised almost $780 million for a new energy hedge fund, the second time the firm has tapped outside investors. MSD Energy Partners raised $779.86 million, according to a regulatory filing […]
Fortress starts Asia macro hedge fund -sources
Reuters – U.S. hedge fund and private equity firm Fortress Investment Group has launched a macro hedge fund focused on Asia, three sources familiar with the matter said on Thursday. The New York-based hedge fund, which opened an office in Singapore […]
Hedgeweek Award for ‘Best Offshore Law Firm’: Ogier Cayman
Ogier Cayman was the recipient of two prestigious awards in London this week, recognising the quality and depth of the firm’s expertise provided to its international client base. Ogier was presented with a 2011 International Law Office (ILO)‘Client Choice Award’ […]
London Hedge Fund Administration Business Launched
New York (HedgeCo.net) – Charter Group which teamed up with Brian Taitz in September 2010 to launch a hedge fund administration firm, Charter Group Fund Administration Ltd has secured its first few clients. The firm is based in London and […]
Connecticut Hedge Fund Adviser Admits Running Massive Ponzi Scheme Along with Foreign Co-Conspirators
LoanSafe.org –Yesterday it was announced that 3 men were charged with multiple charges, coming from a scheme to defraud investors and creditors of Fairfield County hedge funds. The 3 men charged in the case were Francisco Illarramendi (who was a […]
Hedge Fund Assets Cross $1.7 Trillion For 1st Time Since Sept 2008
New York (HedgeCo.net) – Assets under hedge fund management were up to $1.7 trillion for the first time since September 2008. The Eurekahedge Hedge Fund Index reported that hedge funds were up for the eighth consecutive month in February as […]
Rajaratnam Jury May Include Friend of Appaloosa Hedge Fund’s David Tepper
Bloomberg – The federal court jury that will consider criminal charges against Galleon Group LLC co-founder Raj Rajaratnam may include a friend of David Tepper, the founder of Appaloosa Management LP. Karen Suchoff, one of the people questioned in jury selection […]
Bank of America Takes UBS Hedge Fund Pro
TheStreet – The Bank of America has hired Stuart Hendel as head of global prime brokerage — the area of the bank that provides loans and other services to hedge funds. The bank has also hired a new U.S. head […]
Libya crisis turning into an opportunity for hedge funds: HSBC
Economic Times – Hedge funds that bet on interest rates and currencies are set to profit from the economic fallout from Libya’s unfolding crisis, says HSBC Alternative Investments, which has already benefited from rising oil prices . The uprising in […]
Hedge Fund Manager: ‘Astounding’ Trading Accuracy Using Twitter (Video)
CNBC – Can millions of random daily tweets predict movements in the Dow Jones Industrial Average? A team of U.K. traders and Indiana University academics are putting their reputations—and 25 million pounds—on the line to bet that the answer is yes. CNBC’s […]
Billionaire Carl Icahn returns $1.76B to investors
AP – On the eve of the bull market’s second anniversary, billionaire investor Carl Icahn had an unsettling message for his investors: Take your money back. Icahn told investors in his hedge funds that he didn’t want to be responsible […]
Hedge funds gain 0.85% in February
New York (HedgeCo.net) – Hedge funds gained 0.85% globally in February, according to Hedge Fund Intelligence, bringing the year-to-date return across all strategies to 1.27% (so far, this year is broadly better than the prior three.) The Global Composite Index was […]