Monthly Archives: March 2011
Quam welcomes Eurasia Capital to GAP; Launches Mongolia Fund
Quam Financial Services Group, whose holding company Quam Limited was listed on The Stock Exchange of Hong Kong, takes the lead in welcoming Eurasia Capital, which it has recruited as member of Global Alliance Partners (GAP). Eurasia Capital, headquartered in […]
Reporters caught in fund lawsuit crossfire
Reuters – Some well-known business journalists are getting caught in the legal crossfire between a Canadian insurer and a group of hedge funds it accuses of betting against its shares. Last month, in a little-noticed move, Daniel Loeb, one of […]
Man Group hopes new German mandate will stem outflows
Reuters – Man Group has won a mandate to run 1.2 billion euros (1.0 billion pounds) for German pension fund BVK, as the world’s biggest listed hedge fund firm tries to woo clients after bleeding assets during the crisis. The mandate, […]
The man at the centre of Galleon hedge fund trial
BBC – With the start of his trial in Manhattan, Mr Rajaratnam finds himself cast, by prosecutors at least, as the latest poster boy for Wall Street skulduggery. When they announced his arrest in October 2009, prosecution lawyers described the […]
Tribune puts spotlight on hedge fund battler
Leave it to a hedge fund named for a philosophical Roman emperor to try to turn a contentious corporate bankruptcy into a campaign for decency and morality. Mark Brodsky, chairman of Aurelius Capital Management, is at the center of a […]
Stamford hedge fund manager pleads guilty to massive fraud scheme
CTPost – The wealthy owner of a group of Stamford-based hedge funds pleaded guilty Monday to five federal charges, and two of his co-defendants are under arrest in Florida for their role in a massive Bernard Madoff-like Ponzi scheme that may […]
GlobeOp: Best North American Hedge Fund Administrator
GlobeOp Financial Services has been named Best North American Hedge Fund Administrator‘’ by the subscribers of industry trade publication Hedgeweek. According to Hedgeweek, the 2010 awards “recognised the increased focus on transparency, consistency and depth of expertise in the new […]
Hedge Fund Acquisitions: Magnetar Buys Metallurgical and Steam Coal Company
New York (HedgeCo.net) – $7.5 billion hedge fund investor Magnetar Capital announced that Lightfoot Capital Partners, LP has entered into a definitive agreement to sell its interests in International Resource Partners LP, a metallurgical and steam coal company, to James […]
Hedge Fund Industry Donates Close to $2 million at NY Gala
New York (HedgeCo.net) – Hedge Funds Care announced that hedge fund industry participants donated nearly $2 million at the charity’s 13th Annual Hedge Funds Care New York Open Your Heart to the Children Benefit. The gala, which drew together approximately […]
Citigroup in, Goldman out at top funds
Reuters – Top hedge funds turned conventional wisdom on its head in the fourth quarter by swapping out Wall Street powerhouse Goldman Sachs Group Inc for battered bailout survivor Citigroup Inc. Viking Global Investors manager Andreas Halvorsen sold off all his […]