Monthly Archives: June 2011
Hedge fund bosses cautious ahead of Monaco summit
Reuters – European hedge funds’ top executives will be in cautious mood this week as they gather in Monaco for their annual summit, after big losses in May took some of the shine off a year of inflows and strong […]
New Yorker Review: Preet Bharara on the Galleon Hedge Fund Trial
New York (HedgeCo.net) – The June 27, 2011, issue of The New Yorker, on page 42, “A Dirty Business”, George Packer, writes about the biggest insider-trading case in history, and has an exclusive interview with Preet Bharara, the United States Attorney for the […]
Altarius Asset Management launches Maltese hedge fund platform
Malta Independent – Altarius Asset Management, a Malta-based asset management company, has launched Paragon, a hedge fund platform aimed at small and medium-sized management companies. Paragon, a hedge fund platform aimed at small and medium-sized management companies, has been set up by […]
Northern Trust Launches Intraday Automated Updates for Hedge Fund Managers
New York (HedgeCo.net) – Northern Trust has enhanced its Hedge Fund Monitor product with a series of new features designed to improve automation and straight-through processing, enabling Northern Trust’s Funds of Hedge Funds (FoHF) clients across the globe to access performance, […]
Harbinger Says Wireless Venture Signed Sprint Deal
Philip Falcone’s hedge fund says its mobile-broadband start-up, LightSquared Inc., has signed a 15-year agreement with Sprint Nextel Corp. to jointly build and operate a planned new wireless network. The deal, disclosed in a letter to investors in Mr. Falcone’s […]
Hedge funds stalk Yankee Stadium parking lots by buying bonds
CTPost – Hedge funds specializing in distressed debt are buying municipal bonds backed by parking lots and garages at the new Yankee Stadium, which face a payment default as soon as next year, according to two people familiar with the purchases. […]
Fund Investors Take a Hit from the Supreme Court
MoneyWatch – Last week the Supreme Court struck a blow against the rights of mutual fund investors, and in the process might have opened a Pandora’s box, providing corporate America a road map that will allow them avoid liability from investor […]
Pershing Square’s Ackman Said to Consider Selling Shares in Hedge Fund
Bloomberg – Bill Ackman, known for investing in companies to press for changes, is considering selling shares in a hedge fund to secure more permanent capital for investments, according to a person familiar with the matter. An initial public offering […]
Hedge funds and other buy-side firms concerned about the impact of central counter party clearing
Opalesque London – Regulatory changes in Europe and the US are driving buy side firms to focus on the management of their collateral according to a study published by risk solutions firm Algorithmics and Chromozome Consulting, a niche collateral management consultancy. […]
Third fund joins in tussle over troubled Healthcare Locums
Evening Standard – A third big investor today weighed in to the battle for the future of troubled recruitment group Healthcare Locums after last week’s revelations that a hedge fund was planning a deal that would massively dilute the holdings […]
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 […]
People Moves: Man Hires Three US Hedge Fund Specialists
New York (HedgeCo.net) – Hedge fund giant Man Group has appointed Lance Donenbergand Jordan Allen as Co-Chief Operating officers of Man’s US business. Donenberg and Allen report directly to Emmanuel Roman, Chief Operating Officer of Man Group. “Expanding our US business is a […]