Monthly Archives: June 2013
Hedge Fund Billionaire’s Conviction Upheld By Appeals Court
New York (HedgeCo.Net) – A panel of judges from the federal appeals court yesterday upheld the conviction against hedge fund founder Raj Rajaratnam. Rajaratnam was pleading on the grounds that the wiretapping evidence was not acquired legally by the US government. His lawyers, in […]
Ex-banker faces off against China bears with hedge fund
Reuters – Paul Conway’s eventful career in China included advising companies on stock offerings and overseeing a messy business restructuring — the latter stint forcing him to hire a bodyguard to fend off harassment from local thugs. Now the 43-year-old former banker […]
Hedge Fund Nomad Turns Art Dealer, Opens Her U.K. Gallery
Bloomberg – Born in Pakistan, Kashya Hildebrand spent 19 years working on Wall Street before starting anew as an art dealer in Geneva. In keeping with a life she characterizes as nomadic, she’s now moving her gallery to London from […]
Hedge fund Scout Capital is betting on Tim Hortons
MarketWatch – Scout Capital Management, a hedge fund managed by James Crichton and Adam Weiss, has reported a position of 8.4 million shares in Tim Hortons in a 13D filed with the SEC. The fund had initiated a position of 2.3 […]
Hedge fund CEO emerges as top Emanuel troubleshooter
Chicago Tribune – When Chicago aldermen wanted answers on Mayor Rahm Emanuel’s new parking meter deal, they heard the details not only from a City Hall lawyer and administrator but from a rich and influential businessman who has no official […]
BTS Tactical Fixed Income Fund converts from Hedge Fund to an 40 Act Mutual Fund
New York (HedgeCo.Net) – BTS Asset Management announced the conversion of the BTS Tactical Fixed Income Fund LLC from a hedge fund to a 1940 Act mutual fund. The BTS Tactical Fixed Income Fund (BTFAX, BTFCX) has a goal to […]
Facing up to hedge-fund ads
Crain’s – Anyone who rides the subway has seen ads for Jonathan Zizmor, the dermatologist who promises to transform pimply faces into marvels of clear complexion. Soon, Dr. Z may have a challenge of his own: fighting for ad space with hedge-fund […]
Montclair author Les Leopold on how hedge funds place bets on a rigged game
North Jersey – “I noticed that the leading hedge fund manager in 2010 earned as much in one hour as the average American family earns in 47 years,” Montclair-based author Les Leopold told The Montclair Times. He wanted to know if […]
Brevan Howard hedge fund hit by emerging market slide
Reuters – Brevan Howard’s emerging market hedge fund, one of the world’s largest, is nursing big losses after the recent sell-off in developing market stocks, bonds and currencies, two sources who have seen the numbers said. The $2.7 billion (1.7 billion […]
Hedge Fund Exits Rise as Investors Reposition at Mid-Year
Reuters – Requests to pull money out of hedge funds rose in June as investors used the mid-year point to review their portfolios and release cash to spend elsewhere. Hedge fund administrator SS&C GlobeOp’s forward redemption indicator, a monthly snapshot […]
Hedge fund managed accounts get serious attention
P&I – Institutional investors are taking a hard look at hedge fund managed accounts as they further unwind hedge funds of funds into direct investments in single- and multistrategy hedge funds or move from separate accounts to gain more control […]
BV Investment Partners Sells Off Hedge Fund Administrator Butterfield Fulcrum
New York (HedgeCo.Net) Private equity firm BV Investment Partners is selling off hedge fund administrator Butterfield Fulcrum to Mitsubishi UFJ Trust and Banking Corporation. The Butterfield Fulcrum Group services more than 850 funds and has seven offices in six countries […]