Monthly Archives: June 2012
Form PF disclosure time begins in July for managers
Pensions & Investments – As federal regulators hunt for systemic risk to financial markets in new reports required of private fund managers, institutional investors are likely to start demanding some of the same information, industry analysts say. This summer starts a […]
Bart M. Schwartz Participates in $410 Million Settlement With J. Ezra Merkin for Alleged Secret Madoff Investments
Press Release – Bart M. Schwartz, the Receiver for Gabriel Capital L.P. and Ariel Fund Limited, announced that he has reached a settlement of his damages suit against J. Ezra Merkin, having worked with New York Attorney General Eric T. […]
Hedge Fund People Moves: Man Appoints New Finance Director
New York (HedgeCo.net) – Former Goldman Sachs hedge fund specialist, Jonathan Sorrell, is taking over from Kevin Hayes, Man Group’s Finance Director since 2007, who is leaving the company to pursue other professional and personal interests. “I would like to thank Kevin on behalf of […]
EU Summit To Fail As Capital Flight Accelerates On Hedge Fund Bund Shorting
Forbes – Despite being talked up as Europe’s “do or die” moment, the EU summit scheduled for June 28 and 29 won’t provide any closure and will once again disappoint. The smart money is already betting against the euro, with […]
Court Finds Hedge Fund Manager in Contempt
Courthouse News Services – A federal judge found a Bay Area hedge fund and its manager in civil contempt for not paying over $13 million still owed on a judgment in a securities fraud case and threatened jail time if the judgment […]
Hedge Fund Manager Wants 35 Percent Of Ex-Wife’s Shoe Collection
DealBreaker – Daniel Shak is the founder of SHK Management, a hedge fund that reportedly “pulled the plug on its sole investment, spread trades on Comex gold futures,” last year. Daniel Shak is also the ex-husband of Beth Shak, who […]
Hedge funds short stocks, bid up gold
MarketWatch – Hedge funds, which were underperforming the S&P 500 for the month as of June 20, have been cutting their exposure to the stock market while bidding up gold, according to a Bank of America/Merrill Lynch analysis. The investment […]
Update: Merkin To Pay $405M in Madoff-related Hedge Fund Settlement
New York (HedgeCo.net) – Billionaire hedge fund manager J. Ezra Merkin has agreed to pay $410 million in a civil settlement negotiated by the New York State attorney general’s office and Bart M. Schwartz, Receiver of the Gabriel Capital L.P. and […]
Key Man Life Insurance Policies Part Of Due Diligence At Hedge Funds
New York (HedgeCo.net) – Institutional investors are pressuring hedge funds to buy key man life insurance to protect against the risk of a manager’s sudden demise, hedge fund risk management and insurance advisor SKCG Group reports. “Hedge funds are unique. Their ‘product’ […]
When scientists become hedge fund managers
FT – There are many gems in the annual report of the Bank of International Settlements that came out on Sunday. One of the most intriguing is a trail which leads to an actual estimate of the cost to society of scientists […]
Hedge fund launches at highest since last quarter of 2007
Opalesque – In the week-ending 22 June 2012, Hedge Fund Research revealed that hedge fund launches totaled 304 in the first quarter, narrowly eclipsing the 298 launches in 1Q11 for the highest quarterly total since 4Q07; Citigroup’s former head of proprietary trading […]
Focus on Oyster funds – Europe credit trades, and how to hedge them
Investment Europe – Many credit managers may have lost sleep over Europe’s debt crisis recently, but for Andrew Jackson sleepless nights have come from trying to come up with non-conventional ways to protect against the crisis. Jackson runs Bank Syz’s […]