Monthly Archives: April 2009
Octagon, Run by Ex-GIC Staff, to Start Hedge Fund
Bloomberg – Octagon Capital Management Pte, run by former managers of the Government of Singapore Investment Corp.’s quantitative-investment group, plans to start a fund that seeks to profit from broad economic trends. Octagon, which uses computer models to pick trades, […]
Hedge Fund Manager Names Former Citi Exec Andrew Smith Head of Global Sales
West Palm Beach (HedgeCo.net) – Coinciding with the launch of new services aimed at increasing hedge fund transparency, independent alternative fund manager Butterfield Fulcrum appointed T. Andrew Smith as the firm’s global head of business development and marketing. He will […]
Hedge Fund Manager Brings Experience to Proskauer Rose
West Palm Beach (HedgeCo.net) – Hedge fund tax manager at Wellington Management Company, John F. Harvey III, has joined international law firm Proskauer Rose LLP as a partner in the Boston office. At Proskauer, Harvey will be a partner in […]
First Quarter Hedge Fund Report: Summary
West Palm Beach (HedgeCo.net) – Hedge funds took modest advantage of March’s upswings in the global equity and credit markets, according to Morningstar’s hedge fund performance summary for the first quarter of 2009. Equity markets around the world significantly rebounded […]
Hedge fund, Target take off gloves in proxy fight
Reuters – The battle for board seats at Target Corp heated up on Tuesday when Pershing Square Capital Management called the current directors "suboptimal" after the retailer said the hedge fund has a "risky agenda. The New York-based hedge fund, […]
Morgan Stanley AIP Raises $1.14 Billion for New Fund
American Chronicle – Morgan Stanley Alternative Investment Partners has raised $1.14 billion in commitments for its new private equity fund of funds, Morgan Stanley Private Markets Fund IV. The capital raised for the new fund represents a nearly 15% increase […]
UK’s Lloyd’s plans bond buyback at big discount
Guardian.co.uk – Lloyd’s of London, the specialist insurance market, has offered to buy back up to 100 million pounds ($145 million) worth of bonds at a hefty discount. The offer applies to fixed/floating rate subordinated notes due 2024 and subordinated […]
Return of the Nineties fund superstar
This is Money – A star fund manager who made thousands of pounds for investors in the Nineties is set for a comeback. William Littlewood was at the helm of the Jupiter Income fund which increased investors’ savings by 600%. This week, […]
Hedge Funds in the Current Environment
West Palm Beach (HedgeCo.net) – In co-operation with the City Bar Center for Continuing Legal Education, Karl A. D’Cunha, a Senior Managing Director of Houlihan Smith & Company, Inc., will participate in a panel discussion involving industry experts and City […]
Socialists warn Barroso over hedge fund regulation
EurActiv.com – A draft EU proposal to regulate hedge funds and private equity, due to be unveiled next week, was criticised for being too weak by Socialist leaders, who branded the text a "major political mistake" ahead of European elections in June. The main issue raised by the […]
GM in line for another $5B
Cape Cod Times – General Motors Corp. could get as much as $5 billion more in federal loans, while Chrysler LLC could get $500 million as they race against government-imposed deadlines to restructure, according to a government report filed yesterday.The […]