Monthly Archives: July 2009
Man Group funds under management decline in 1H
Forbes – Man Group PLC, the world’s largest publicly traded hedge fund, said Thursday that funds under management declined in the first half despite a recent growth in private investor sales. The group said it had $43.3 billion in funds […]
Dreier Describes Downfall in Letter Seeking ‘Rational’ Term for Fraud, Theft
Law.com – Marc S. Dreier on Wednesday sent a confessional letter to the federal judge who will sentence him on Monday (pdf), describing in remarkable detail how he funded the once-admired expansion of Dreier LLP by committing frauds totaling more […]
Penjing’s Wu to Expand Seeding of New Hedge Funds
Bloomberg – Ronnie Wu, chief investment officer of the $400 million hedge fund of funds house Penjing Asset Management Ltd., will start a pool of money dedicated to providing early investments to new hedge funds next month. It aims to […]
Investors sue Highland Capital after funds shut
Reuther – A group of wealthy clients who invested $50 million with two hedge funds felled by last year’s credit crisis are accusing Highland Capital Management’s partners of having lied about key facts. LV Highland Credit Feeder Fund LLC, an […]
Hedge Funds Increase +0.64% In June – Hennessee
HedgeCo.net (West Palm Beach) – Hedge fund investor consultant and adviser, Hennessee Group LLC, today announced some highlights from the first half of 2009 and the month of June, excerpts follow: “Most hedge fund managers are not buying into the […]
Ex-Morgan Stanley Exec. Launches Georgia Hedge Fund Advisory Company
HedgeCo.net (West Palm Beach) – Hedge fund and alternative investment advisory company, Tru/Alpha Capital Advisors (TACA), is being launched to specialize in international alternative markets, advising institutional and corporate clients, as well as high-net worth individuals. Based in Midtown Atlanta, […]
Madoff trustee seeks $1 billion from Cayman hedge fund
Caribbean Net News – The trustee liquidating Bernard Madoff’s investment-advisory business has asked a judge for a default ruling against Harley International Ltd, arguing that the Cayman Islands hedge fund failed to respond to a lawsuit accusing it of taking […]
U.S. regulator to identify hedge fund bets in commods
Reuters – The regulator of U.S. commodity markets said on Tuesday his agency’s weekly Commitments of Traders report will be revamped to include hedge fund positions for better transparency. "Enhancing the quality of information in these weekly reports will better […]
Hearing on examiner in Magna bankruptcy postponed
Lexington Herald-Leader – A bankruptcy judge agreed Tuesday to postpone a hearing on a hedge fund’s request for the appointment of an examiner in horse track owner Magna Entertainment’s Chapter 11 bankruptcy case. At the request of attorneys, a hearing […]
Meriwether Said to Shut JWM Hedge Fund After Losses
Bloomberg – John Meriwether, who roiled global markets when Long-Term Capital Management LP collapsed in 1998, plans to shut his current hedge fund, according to a person familiar with the matter. JWM Partners LLC is closing its main Relative Value […]
Hedge fund Clarium fell 4.4 pct in June
NY Post – Clarium Capital Management, the hedge fund founded by PayPal co-founder and Facebook board member Peter Thiel, fell another 4.4 percent in June, The New York Post reported on Wednesday. The fund’s total returns are down 6 percent […]