Monthly Archives: June 2014
Private Equity, Hedge Funds “Make It Rain”
Forbes – As David Rubenstein of Carlyle Group once succinctly remarked, “If you can make 20 percent of the profits on other people’s money, you are going to make a lot of money if you are good at what you […]
A Major Jewish University Is In Danger Of Going Broke Because Of How Much It Lost In Hedge Funds
Business Insider – Credit-ratings agency Moody’s thinks Yeshiva, a private Jewish university located in New York City, will be broke by next year. Yeshiva lost an estimated $105 million with convicted Ponzi schemer Bernie Madoff, who was also a trustee, […]
TCI Hedge Fund in Britain Ends Ties to Charitable Arm
NYT – When Christopher Hohn, the founder of one of Britain’s largest and most successful hedge funds, chose to structure his fund to automatically donate a portion of its fees to charity — specifically his wife’s charity — people took […]
Argentine president surrenders to hedge fund titan, will negotiate
NYP – Argentina, after years of insisting it wouldn’t negotiate with a handful of holdout bondholders — a group its president repeatedly called “vultures” and “extortionists” — finally agreed Wednesday to sit and talk with the group. It’s amazing what […]
J.P. Morgan Asset Management Launches First ETF
New York (HedgeCo.Net) – J.P. Morgan Asset Management has announced that its first ETF, JPMorgan Diversified Return Global Equity (JPGE), officially launched for trading. The fund represents the next generation of strategic beta ETFs, seeking to provide global equity returns […]
Deutsche Bank: Lack of transparency biggest reason for rejecting hedge fund investment
P&I – A hedge fund manager’s refusal to provide adequate transparency is the top reason an investor will veto an investment, Deutsche Bank’s global prime finance group’s third annual Operational Due Diligence survey said. Twenty-two percent of respondents said managers’ […]
Swiss-Asia Financial Starts Hedge-Fund Platform in Hong Kong
Bloomberg – Swiss-Asia Financial Services Pte started a hedge-fund platform in Hong Kong, adding to one in Singapore, to meet rising demand from smaller funds seeking to cut costs amid tighter regulations. Two funds with assets under management of between […]
Raj Rajaratnam Denied Retrial By Supreme Court
New York (HedgeCo.Net) – The Supreme Court on Monday denied jailed hedge fund manager Raj Rajaratnam’s request to have the appeal of his insider trading. Rajaratnam, who co-founded hedge fund Galleon Management and Chiesi, a former trader with New Castle Funds, face up to 20 years in […]
Trotsky Says Massachusetts Won’t Pay for Hedge Fund Luck
Bloomberg – Michael Trotsky, like many other investors in hedge funds, is tired of paying superstar fees for mediocre returns. As chief investment officer of the $59.1 billion Massachusetts Pension Reserves Investment Management Board, he’s in a position to do […]
Argentinian President and hedge fund ‘vultures’ will be forced to thrash out dea
The Independent – Outlook Time is running out for Cristina Fernandez de Kirchner. While the Argentinian President has been talking tough about defying the hedge fund “vultures” carrying out “extortion” on her country, in reality her options are rapidly disappearing. The […]
Rengan Rajaratnam’s Hedge Fund Fraud Charges Go To Trial
New York (HedgeCo.Net) – Rengan Rajaratnam’s trial for hedge fund insider trading has begun. Rengan Rajaratnam was charged with conspiracy to commit securities fraud and six counts of securities fraud. He has been charged with conspiring with his older brother Raj, to cheat on […]
Hedge Fund Firm Paradigm Settles Whistleblower Retaliation Charges For $2.2 Million
New York (HedgeCo.Net) – NY hedge fund advisory firm Paradigm Capital Management and its owner Candace King Weir have agreed to pay $2.2 million to settle SEC charges of engaging in prohibited behavior and then retaliating against the employee who […]