Monthly Archives: June 2009
Grail to Launch Active Single-Manager ETFs
Seeking Alpha – Grail Advisors, LLC, the investment advisor that launched the Grail American Beacon Large Cap Value Fund (GVT) last month, has filed with the SEC to launch four additional ETFs. Grail notes that these four funds will be […]
Ex Hedge Fund Trader Vs. Ex Wife, High Powered Hide and Seek
West Palm Beach (HedgeCo.net) – In a bizarre hedge fund story sent to me by a reader, an ex JP Morgan Director and ex trader for hedge funds Tudor and Brevan Howard has been traced by his ex wife’s investigators […]
Israel’s girlfriend sentenced to 3 years probation
Stamford Advocate – Debra Ryan, the girlfriend of Samuel Israel, convicted for his role in a $400 million fraud involving the collapse of Stamford-based hedge-fund firm Bayou Group LLC, was sentenced to three years probation for aiding his escape. Ryan, […]
Hedge Fund Managers Switch Strategies and Reap Rewards
New York Times – In mid-March, with the global stock markets plunging, Philippe Jabre, a hedge fund manager based in Geneva, started buying bombed out financial stocks in the United States, Europe and Asia. A procession of sleepless nights followed […]
SEC Requests Data From Two Dozen Firms in Pension Investigation
Bloomberg – The U.S. Securities and Exchange Commission is seeking information from more than two dozen pension funds, placement agents and other companies as it steps up an investigation into whether money managers made improper payments to win business. “The […]
UK has uphill struggle over EU fund rules
guardian.co.uk – Investment companies and private equity firms suspect that they have been caught up in a directive whose real aim was hedge funds largely because it is so difficult to define hedge funds. The Group of 20 leading […]
Flood of ETFs promising hedge fund-style returns
Reuters – Money managers are flooding the market with exchange-traded funds (ETF) and mutual funds designed to give even the smallest of investors access to hedge fund returns without all the usual restrictions or hefty fees. IndexIQ Advisors, a start-up […]
AlternativeSoft Teams Up With Eurekahedge & Crédit Agricole Structured Asset Management
West Palm Beach (HedgeCo.net) – AlternativeSoft has forged agreements with Crédit Agricole Structured Asset Management (CASAM) and Eurekahedge to provide all trial users of AlternativeSoft with free trials of the CASAM CISDM and the Eurekahedge Global Hedge Funds databases. “We’re […]
New Yorker Glen Whitney quits hedge fund job to create math museum
New York Daily News – An enthusiastic math whiz plus hands-on exhibits multiplied by deep-pocketed investors equals a math museum. This formula may one day lead to every school kid’s nightmare – a museum dedicated to nothing but mathematics – thanks […]
Credit Suisse/Tremont Hedge Fund Index Estimated to Finish Up 3.61% In May
West Palm Beach (HedgeCo.net) – Hedge fund managers posted positive returns across all major strategies in May except for Managed Futures. Returns were driven by favorable investment conditions across equity, credit and commodities markets. India led the positive trend in […]
Elle Macpherson cuts £2 million from price of her Notting Hill home
This is London – She bought the property close to the top of the market following the break-up of her relationship with hedge-fund multi-millionaire and philanthropist Arpad "Arki" Busson, the father of her two children Arpad Flynn, 11, and Aurelius […]