Monthly Archives: June 2012
Ex-Och-Ziff duo’s Asia hedge fund boosts pipeline
Reuters – Two former managing directors of Och-Ziff Capital Management, Manoj Jain and Sohit Khurana, are starting their own hedge fund in Hong Kong by the end of the year, sources said, boosting a strong pipeline of start-ups in the […]
Credit Hedge Funds Profit Despite Rocky Markets
Reuters – In a year of uneven returns for many U.S. hedge funds, managers who invest mainly in bonds have outshone stockpickers. Over the first five months of the year, credit-focused hedge fund portfolios were up 4.11 percent compared with […]
Finland-Based Estlander & Partners Expands Hedge Fund Operations To U.S.
New York (HedgeCo.net) – Estlander & Partners, Inc., a Finnish alternative hedge fund investment management company and Commodity Trading Advisor (CTA) has launched of its U.S. operations based in Stamford, Connecticut, which will be led by Dan Rizzuto, CFA, as […]
GlobeOp: Hedge Funds Advance 1.60% in June
New York (HedgeCo.net) – Hedge fund flows as measured by the GlobeOp Capital Movement Index advanced 1.60% in June. “Solid net flows into hedge funds continued in June,” said Hans Hufschmid, chief executive officer, GlobeOp Financial Services (LSE:GO.). The GlobeOp […]
Sinclair To Liquidate Hedge Fund After Lacking Edge
Bloomberg – Hedge-fund manager Paul Sinclair is the latest casualty of Europe’s sovereign-debt turmoil, almost six thousand miles away from the epicenter of the crisis. Sinclair, who is based in Los Angeles, is liquidating his $458 million health-care equities fund,Expo Capital […]
Ex-Silicon Valley hedge fund manager in federal fraud trial
Mercury News – A former Silicon Valley hedge fund manager is on trial in San Jose federal court, accused of bilking local investors out of millions of dollars in a wide-ranging scam in which he lured clients with phony claims […]
Dimon Faces Senators Over JPMorgan’s ‘Hedge Fund’-Style Trading
Bloomberg – U.S. senators preparing to hear testimony from JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said they will press him to explain what led to more than $2 billion in trading losses and will be looking closely […]
Hedge fund Capula’s Spanish bank bets pay poorly – sources
Reuters – A hedge fund set up to speculate on the poor health of Spain’s banks has so far failed to cash in on slumping confidence in the country’s financial system, sources said, showing just how tough it is for […]
Former hedge fund boss’s returns questioned
Money Web – On the face of it, former hedge fund boss Herman Pretorius and his company, Abante, have delivered excellent returns for his investors – in the region of 20% a year for the past five years. This would […]
Ex-Fund Manager Sues Saying RBS Ignored Fraud Warnings
Bloomberg – A former hedge-fund manager sued Royal Bank of Scotland Group Plc (RBS)’s NatWest unit claiming the bank ignored evidence its accounts were used to conduct what may be one of Britain’s biggest Ponzi schemes, in which he lost […]
Hedge Fund Industry Assets to More than Double in 5 Years: Citi Prime Finance Survey
FP – Assets invested with hedge fund firms could more than double by 2016, according to a just-released survey from Citi Prime Finance. The study finds that pension funds, endowments, foundations and other institutional investors are increasingly embracing the risk management […]