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Tuesday, December 11, 2018

General News




EU Directive would curtail access to European market for Canadian and other international fund manag
Apr 22/10
The Alternative Investment Management Association Ė Canada Inc. (AIMA Canada) has expressed concern about the potential effects of the European Commissionís current draft Directive to regulate alternative fund managers operating i...Read more



Singapore to Review Hedge, PE Funds Rules as Regulators Increase Oversight
Apr 22/10
Singapore will review rules for its investment management industry, including hedge-fund and private-equity managers, for the first time since it introduced incentives to lure alternative asset managers in 2002. The Monetary ...Read more



Hedge Fund Heavy Weights keep hiring: JANA Partners, SAC Capital, Och-Ziff Capital and BlueMountain
Apr 22/10
In this weekís hedge fund hiring report, we look at recent additions made by hedge fund industry heavy weights JANA Partners LLC, SAC Capital Management, Och-Ziff Capital Management, and BlueMountain Capital Management. Jan...Read more



Artemis Investment Management launches Pine Street Canada L.P.
Apr 22/10
Artemis Investment Management Limited is pleased to announce the launch of Pine Street Canada, L.P. (the "Fund") as part of our ongoing mission to bring investors access to world class alternative investment opport...Read more



Paulson Shelves Canadian Retail Hedge Fund
Apr 21/10
Paulson & Co. has delayed the launch of a Canadian retail hedge fund following charges that Goldman Sachs defrauded investors in a collateralized debt obligation it set up for the $32 billion hedge fund. Paulson announced...Read more



Australian Hedge Fund Bets On Gaming Industry
Apr 21/10
Australian-based hedge fund firm Cheung Capital Management is gearing up to launch its maiden vehicle, which will invest in listed gaming and casino stocks around the world. The new vehicle, the Global Gaming Opportunities F...Read more



Paulson & Co. Says Role in Goldman Deal Was Appropriate
Apr 21/10
Paulson & Co., the hedge fund that made $15 billion betting on the decline in subprime mortgages in 2007, said its role in helping to design a mortgage-linked deal sold by Goldman Sachs Group Inc. was ďappropriate and condu...Read more



Lehman subpoenas hedge funds Greenlight, SAC
Apr 21/10
Lehman Brothers Holdings Inc (LEHMQ.PK) wants to investigate David Einhorn's Greenlight Capital, Steven Cohen's SAC Capital Advisors and other hedge funds over whether they took improper actions that damaged Lehman's busines...Read more



Sprott Private Credit Fund launches
Apr 21/10
Sprott Asset Management LP has appointed Third Eye Capital Management Inc. as exclusive sub-advisor to Sprott Private Credit Fund, Sprott said Tuesday.The fundís principal investment objective is to achieve superior risk-adj...Read more



Northwater wind-up delayed by restrictions on redemptions by hedge funds
Apr 21/10
The final net asset value per unit of Northwater Market-Neutral Trust was $1.58 at March 31, Northwater Capital Management Inc. said Tuesday.This net asset value reflects the third termination distribution of $0.50 previousl...Read more



SkyBridge Capital to acquire Citi Alternative Investments, Adding $4.2 Billion
Apr 20/10
Citigroup Inc. (NYSE: C) announced last week that Citi Alternative Investmentsí hedge fund, hedge fund seeding, and hedge fund advisory businesses would be sold to New York-based alternative asset management firm SkyBridge C...Read more



Multi-strategy fund of funds launches
Apr 20/10
A fund of hedge funds with a performance fee based on a three-year high watermark has been launched by the former director of hedge fund marketing at Dexion Capital. Rory Hills has co-founded Hilltop Fund M...Read more



Cairn Capital takes over Credaris credit fund
Apr 20/10
Fund firm Cairn Capital has taken over management of smaller rival Credaris's credit fund as smaller hedge funds look for ways to beef up assets and attract wary investors in the wake of the credit crisis. Cairn, which runs or...Read more



Mekong, Run by Ex-Templeton Manager, Revives Vietnam Fund Plan
Apr 19/10
Mekong Capital, founded by a former Templeton Asset Management Ltd. portfolio manager, has revived efforts to raise money for its fourth Vietnam fund after halving the amount it was targeting. The Ho Chi Minh City-based ...Read more



New hedge fund bets on sports, literally
Apr 19/10
Centaur Group's Galileo fund, which plans to apply for SEC approval, claims to have a number-crunching system that can make sports wagers with far better results than the casual bettor. If you've ever deluded yourself that be...Read more



Hedge fund fees continue to fall
Apr 16/10
Hedge fund fees slipped further away from the 2 and 20 industry standard last year, with less than 40% continuing to charge 2% management and 20% performance fees. The average management fee charged by sing...Read more



Activist Hedge Funds are increasingly pushing former CEOs onto Boards
Apr 16/10
2009 saw a noticeable increase in the number of experienced executives appointed to company boards by activist shareholders. According to the Wall Street Journal, approximately 24% of the 213 dissident nominees had previousl...Read more



Fortress Fundraiser Cody Said to Be Leaving After Eight Years
Apr 16/10
Fortress Investment Group LLC fundraiser David Cody is leaving after helping create the firmís hybrid fund business, according to two people with direct knowledge of the move. Todd Ladda, managing director of...Read more



Quadrangle, GKM Newport to Pay New York in Pension Inquiry
Apr 16/10
Quadrangle Group LLC will pay $7 million and GKM Newport Generation Capital Services LLC $1.6 million among settlements disclosed today in a New York attorney generalís investigation into public pension funds. Po...Read more



K1 Hedge-Fund Probe Yields Two More Arrests, Raids
Apr 16/10
The German probe into K1 Group, a hedge fund at the center of an international investigation, yielded two more arrests, prosecutors said. The managing director of K1 Global Ltd. and K1 Invest Ltd., the groupís fund...Read more



Canadian hedgies upset over European protectionism
Apr 15/10
Canadaís hedge fund community is angry over a controversial draft European Union (EU) directive that would block outsiders from marketing within its borders...READ ENTIRE STORY AT http://www.theglobeandmail.com/globe-investor/...Read more



UK fund firm Polar says client inflows hold up
Apr 15/10
British fund firm Polar Capital (POLR.L) on Thursday reported sustained net inflows of client money in its final quarter to end-March as demand for long-only funds held up in the face of fears of a market correction. The gr...Read more



Lampertís Hedge Fund Buys Junk-Rated Paper From Lampertís Sears
Apr 15/10
Sears Holdings Corp. is bypassing barriers to junk-rated companies in the $1.1 trillion commercial-paper market by selling the debt to its largest stockholders, including Chairman Edward Lampert. Lampert and h...Read more



Viking Global's CIO, David Ott, stepping down
Apr 15/10
Viking Global Investors, the $12 billion hedge fund run by Andreas Halvorsen, said its chief investment officer was stepping down and some of his positions were liquidated. David Ott, who co-founded Viking with Halvorsen in 1...Read more



EU's Barnier tries to end France-UK hedge fund row
Apr 14/10
EU financial services chief Michel Barnier has intervened in a stand-off between Britain and France over regulating hedge funds by asking Paris to soften its stance, a source close to Barnier said on Tuesday. Tensions rose betw...Read more



Hedge Fund Body worried by sweetened Client Deals
Apr 14/10
A heavyweight hedge fund industry group has voiced concerns about preferential deals offered to some investors and may ask member firms to bolster disclosure to other clients of the risks the practice poses. Antonio Borges, ...Read more



Neuberger Berman Boosts Japanese Assets, Expects Further Growth
Apr 14/10
Neuberger Berman Group LLC, the New York-based investment firm that bought itself out of Lehman Brothers Holdings Inc., boosted its assets from Japanese clients by 15 percent this year on demand from pension funds. ...Read more



Hechmer Leads Money Managers in Startups After Industry Shakeup
Apr 14/10
Paul Hechmer had just interviewed for a job with a large asset manager when he got unsolicited advice from an investment consultant: Start your own firm. Hechmer, who had quit Nuveen Investments Inc. on June 15, ...Read more



Dubai Loses Court Challenge to Oaktree Over Almatis
Apr 14/10
A Dutch court ruled against Dubai International Capital LLCís petition to prevent Oaktree Capital Management LLC from seizing its Almatis unit in a debt restructuring. Dubai International, the fund owned by Duba...Read more



Salida Capital Launches Private Equity Fund; $100 million seed investment committed
Apr 14/10
Salida Capital Launches Private Equity Fund; $100 million seed investment committed TORONTO, Apr. 14 /CNW/ - Salida Capital, one of Canada's leading private alternative investment management firms, is pleased to announce the...Read more



Hedge-Funds Clients Add $16.6 Billion in February, Report Says
Apr 13/10
Investors added $16.6 billion to hedge funds in February, according to TrimTabs Investment Research and BarclayHedge. The inflow helped increase industry assets to $1.5 trillion globally, the highest level in 16 mo...Read more



Ex-GLG, Lionhart Managers Plan Commodities Equity Hedge Fund
Apr 13/10
Jason Wang, a former manager at GLG Partners Inc., and Simon Quirke, who helped manage Lionhart Advisors Group Ltd.ís Asian investments, are starting an equity hedge fund that will focus on commodities-related industries. ...Read more



GAM assets rise in Q1 on low-margin inflows
Apr 13/10
Swiss asset manager GAM Holding (GAMH.VX) said assets rose 5 percent in the first quarter as performance gains and money flows into mainly low-margin products outweighed client withdrawals from funds of hedge funds. GAM Hold...Read more



Demand for hedge funds heated up again in February
Apr 13/10
Global hedge funds took in $16.6 billion in new money in February as pension funds and wealthy investors raced to capture a piece of the industry's recent strong returns, data released on Monday show. The flood of new money hel...Read more



CQSís Oldest Global Hedge Fund Doubles Asian Bets in Two Years
Apr 13/10
CQS U.K. LLP, a London-based manager of $6.7 billion in assets, has doubled the Asian allocation of its oldest global hedge fund since 2008 as it bets on a recovery in the regionís convertible bond market. Asia now...Read more



Goldman Courts Endowment Chiefs in Bid for School Fund Business
Apr 12/10
Goldman Sachs Group Inc., the most profitable securities firm in Wall Street history, is courting endowment heads to join its asset-management group, according to three people with knowledge of the search. The c...Read more



BarclayHedge Launches New SEC-Compliant Online Video Service
Apr 12/10
BarclayHedge, Ltd., one of the oldest and most respected global providers of alternative investment data and services, today announced the launch of BarclayHedge TV Ė a web-based capability that, for the first time in the al...Read more



BlueGold Beats Average Hedge Fund With 12.5% Return
Apr 12/10
BlueGold Capital Management LLP, the energy hedge fund manager overseeing $1.7 billion in assets, returned 12.5 percent to investors in March, more than four times the gain of the average hedge fund. The fund rose ...Read more



Offshore hedge fund is trouble for Seattle's pension fund
Apr 12/10
The pension fund for Seattle city workers is pursuing $20 million of its investment money through a maze of hedge funds on two continents and two Caribbean territories, hoping for nothing worse than the federal investigation...Read more



Sprott Asset Management appoints new COO
Apr 12/10
Invesco Trimarkís Ciampaglia picked to improve operational platform Monday, April 12, 2010 By† IE Staff Sprott Asset Management LP has appointed John Ciampaglia to the position of chief operating officer, pare...Read more



Petters Group Founder Gets 50-Year Term for $3.5 Billion Fraud
Apr 09/10
Petters Group Worldwide LLC founder Thomas Petters, convicted of orchestrating a $3.5 billion fraud scheme, was sentenced to 50 years in prison. Petters, 52, was found guilty in December of 20 counts in what prosecutors s...Read more



Should Hedge Funds Be Able to Take Over Failed Banks?
Apr 09/10
Hedge funds and other private investor groups are rarely allowed to buy troubled banks, mainly out of fear that they would try to turn the bank around and sell it for a quick profit. But, as the financial crisis causes more...Read more



Bluecrest hedge fund moves to low-cost Guernsey
Apr 09/10
One of Londonís biggest hedge funds has quit the UK for tax purposes as the Government continues to fight for the confidence of corporate Britain. BlueCrest Capital Management, which manages about $18 billion (£11.8 billion) ...Read more



US judge seizes $105 million in Argentine funds
Apr 08/10
Argentina quickly said it would file a court appeal after a U.S. federal judge ruled Wednesday that bondholders can seize $105 million in Argentine central bank deposits held in the United States.A bank spokesman told The As...Read more



High-Speed Traders Face Order Reporting Requirement From SEC
Apr 08/10
The Securities and Exchange Commission may give some firms that engage in high-frequency stock trading identification codes to better track transactions accounting for more than 60 percent of U.S. volume. SEC commi...Read more



Morgan Stanley Starts Hedge Fund Services Office in Sao Paulo
Apr 08/10
Morgan Stanley, the sixth-largest U.S. bank by assets, started a hedge fund office in Sao Paulo that will serve clients in South America, according to an internal memo obtained by Bloomberg News. Juan Coppola wil...Read more



US treasury chief warns EU on hedge fund rules
Apr 08/10
U.S. Treasury Chief Tim Geithner has warned Britain, France, Germany and Spain about possible new European Union rules that he fears could prevent American hedge funds from selling to European customers.In a letter to the fo...Read more



Closing the Pension Funding Gap - A Tweak to Hedge Fund Incentive Compensation Achieves True Alignme
Apr 08/10
Pension systems worldwide are in crisis. U.S. public and private pensions alone are facing a shortfall of more than $1 trillion. To catch up, pensions are increasingly turning to hedge funds. For the decade ending in 2009...Read more



ANALYSIS: Mortality rate of Asian hedge funds
Apr 08/10
GFIA pte ltd, the Singapore based specialist in skill-based managers in Asian and emerging markets, has released a research paper on Asian hedge fund closures from 2008 to 2009. Fund closures are an integral part of any...Read more



Hedge Fund Assets to Hit $2 Trillion by Year-End, Survey Says
Apr 07/10
Global hedge fund assets may return to the pre-financial crisis peak of almost $2 trillion by year- end, boosted by investment profits and capital inflows, according to a Credit Suisse Group AG survey of investors. ...Read more

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