Monthly Archives: June 2011
Fund manager launches £900k claim against hedge fund
CityWire – Former Aberdeen Asset Management fund manager Stephen Ilott has launched legal action against hedge fund Bluecrest Capital Management for a £878,000 share of its profits after he was dismissed from the firm. Ilott claimed against Bluecrest and three of […]
Republican Romney to tap ex-pat wealth in London
Reuters – Republican presidential hopeful Mitt Romney takes his fund-raising machine to London next month, holding a reception aimed at wealthy American expatriates working at banks and hedge funds. A handful of London fund-raisers were held during the 2008 presidential […]
Google Probe, Hedge Funds Register, Rothesay Typo, Lee Farkas: Compliance
Bloomberg – New York and California are in the early stages of an antitrust investigation of Google Inc. (GOOG), along with Texas and Ohio, said a person with knowledge of the matter who didn’t want to be identified because the probe isn’t […]
Move to direct hedge fund investments boosting business for consultants
Pensions and Investments – The pace of searches and hires is up sharply this year for specialist and general consultants advising institutional investors on direct hedge fund investments. That increase is the result of the trend toward direct investment in […]
Analysis: Asia hedge funds sharpen focus on risk
Reuters – As chief risk officer of newly launched Vulpes Investment, Bert Verdicchio is one of a powerful emerging breed of professionals trying to make Asia’s fast-growing hedge funds safer for investors. Verdicchio is empowered to hedge or even exit […]
Massive insider trading case reveals new focus by U.S. Attorney’s Office on white collar crime
New Jersey.com – The voice was increasingly desperate. “By the way, I got rid of my computer. I got rid of my iPhone,” said Matthew Kluger, who seemed to sense the FBI was closing in on him. “Those are gone. I […]
Celebrity hedge-fund managers
The Economist – The superheroes of finance seem to have lost some of their powers. Several of the hedge-fund industry’s most exalted names are beset by problems more associated with mere mortals. Take John Paulson of Paulson & Co, a […]
Hedge funds fear dead hand of the box tickers
Reuters – The entrepreneurial spirit that fuelled the growth of the hedge fund industry could be killed off by investors worried about another Bernard Madoff-style fraud, said executives meeting in Monaco this week. Managers left the GAIM conference, the annual […]
RAB Capital reveals plans to delist
Proactive Investor – RAB Capital, the troubled hedge fund manager that has seen assets fall sharply and clients jump ship, has revealed plans to delist the business and a proposal for a management buyout. In a statement today the company […]
Playing The Odds: Hedge Funds Finance Medical Malpractice Claims
Forbes – Investors are always looking to earn an easy profit, particularly from well-managed companies. But when the profit is from a hedge fund that finances medical malpractice lawsuits aimed at driving doctors out of the profession, Wall Street may […]
Is the Fed the World’s Largest Fixed-Income Hedge Fund?
Business Insider – The following data is taken from Congressional testimony of the well respected banking analyst, Bert Ely, illustrates how the Federal Reserve has gone from being a taxpayer subsidized monetary authority to one of the world’s largest and most […]