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Tuesday, December 11, 2018

General News




Top 10 hedge fund firms from Asia
Apr 07/10
Below is the list of Asia’s top 10 hedge fund managers based on reported or estimated assets under management (AUM) as of March 31, 2007. 1. Sparx Group Co Ltd $6.7 billion. SPARX Group Co., Ltd., an independent Asia-base...Read more



Charlemagne assets rise by 3%
Apr 07/10
Hedge fund group Charlemagne Group's assets under management rose slightly over the three months to March despite a net outflow of subscriptions. Assets under management rose by 3% from 1 January to end March to $3.14...Read more



Nevsky fund holds firm despite $1bn hedge outflows
Apr 07/10
Nevksy Capital has seen a $1 billion exodus from its flagship Nevsky hedge fund following news the firm’s two star managers, Citywire AA-rated Martin Taylor and Nick Barnes, are stepping down from it next spring. The $7 ...Read more



BlueMountain launches three credit funds
Apr 07/10
BlueMountain Capital Management has raised over $250 million for three new credit funds that have been specifically designed to capture opportunities arising from the financial crisis. The first of the fund...Read more



Tribune Hedge Fund Lender Wants to Examine Centerbridge’s Books
Apr 06/10
A group of hedge fund creditors of Tribune Co. want to examine documents of Centerbridge Partners LP, one of the bondholders challenging the 2007 buyout of the now bankrupt publisher as fraudulent. To contact the reporter on...Read more



Macro hedge funds fail to profit from crisis
Apr 06/10
Hedge funds that aim to profit from macroeconomic upheavals have had a lacklustre start to 2010, in spite of some of the biggest international monetary crises in more than a decade.The Greek debt crisis and steep fal...Read more



Atlanta hedge fund manager accused of fraud
Apr 06/10
Investors are suing an Atlanta hedge fund manager for alleged  fraud and unspecified damages because they claim he diverted money to his own use and doctored financial statements.  Robert L. Duncan, managing partner and found...Read more



OSC releases new set of allegations against Sextant Capital
Apr 06/10
New Page 2 Hearing scheduled for May The Ontario Securities Commission has released a new, more detailed set of allegations against Sextant Capital Management Inc., which the regulator alleges perpetrated a comp...Read more



Hedge Fund Assets to Hit $2 Trillion by Year-End, Survey Says
Apr 06/10
New Page 2 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 surve...Read more



Hedge Fund Managers set New Payout Records in 2009
Apr 05/10
Seven of the world's top hedge fund managers earned 10-figure paychecks and one set a record for the highest-ever payout last year due to a stock market rally that pushed returns to their highest levels in a decade. Toge...Read more



Gartmore Fund Manager Guy says he's Staying Put
Apr 05/10
Gartmore's star fund manager Roger Guy has told investors he is staying put at the U.K. fund firm despite misgivings about the handling of the suspension of his friend and colleague Guillaume Rambourg Previous Reuters Stor...Read more



Gartmore May Face Withdrawals After Investigation
Apr 01/10
Gartmore Group Ltd. may suffer client withdrawals following the suspension of Guillaume Rambourg, who helps oversee its two biggest hedge funds, analysts said. “I don’t see why anyone would want to put their mon...Read more



KPMG wins dismissal of Madoff feeder fund lawsuit
Apr 01/10
Accounting firm KPMG LLP won dismissal on Wednesday of a lawsuit stemming from its audits of a "feeder fund" into confessed swindler Bernard Madoff's ponzi scheme. U.S.In an opinion on Wednesday Judge Thom...Read more



Dai-ichi Life Surges in Biggest IPO in Two Years
Apr 01/10
Dai-ichi Life Insurance Co., Japan’s second-largest life insurer, surged in Tokyo trading after the world’s biggest initial public offering in two years. Dai-ichi, which changed its name from Dai-ichi Mutual Li...Read more



Top Hedge Fund Manager Allegedly Says Ex-Wife Is 'A Terrorist On A Mission To Make My Life A Living
Apr 01/10
Steven Cohen is one of the richest men in the world (estimated fortune $13bn), the founder of hedge fund SAC Capital Partners. But life for Cohen, it seems, isn't ...Read more



Fund.com moves into hedge funds with Weston acquisition
Apr 01/10
Financial services company Fund.com has acquired hedge fund seeding and distribution business Weston Capital Management. The deal follows the recent formation of a strategic alliance between Weston Capital...Read more



90 Years Of History Suggests A Move Like This One Is Followed By A Market Bust
Apr 01/10
Based on data going back 90 years, whenever the 12-month rate of change (ROC) in the Dow Jones Industrials Average has exceeded 40 percent, it has generally signaled trouble ahead. In three cases, a 12-month ROC above that ...Read more



11 charged in Norshield scandal
Apr 01/10
Quebec’s securities regulator has launched penal proceedings against eleven individuals it says illegally sold four investment products linked to collapsed hedge fund Norshield Assset Management (Canada) Ltd. The Autorité de...Read more



U.S. fund Touradji bets on LME nickel - traders
Mar 31/10
New-York based hedge fund Touradji Capital Management is betting on improved demand for nickel, helping the material used in stainless steel outperform other base metals this year, traders and market sources said. Benchmark ni...Read more



Hedge-Fund Returns Dragged Down by ‘Hidden Bias’
Mar 31/10
Hedge-fund returns are worse than industry figures would suggest because many funds on the brink of failure stop reporting on their performance, according to a new academic study. These omissions create a “hidden ...Read more



Conviction in US hedge fund insider trading case
Mar 31/10
Robert Moffat, Jr, a former senior executive at International Business Machines Corp (IBM) has pleaded guilty to two counts of insider trading and has been charged with conspiracy and securities fraud ...Read more



Gartmore suspends top fund manager
Mar 31/10
UK fund firm Gartmore (GRTR.L) suspended a top fund manager on Tuesday as it probed a breach of internal procedures, sending shares plunging to almost half the level at its initial public offering three months ago. In a stateme...Read more



Guilty or not, UK probe could ruin those named
Mar 31/10
The City of London traders and brokers arrested last week on suspicion of insider dealing are likely to find their finance careers are over regardless of whether any crime is proven. Bankers and headhunters said the ver...Read more



Carlyle’s SS&C Sells IPO at High End as Meru Adds to Rebound
Mar 31/10
SS&C Technologies Holdings Inc. and Meru Networks Inc. sold shares in initial public offerings at the high end of their price ranges, as a recovery in the U.S. IPO market gained momentum. Carlyle Group’s SS&...Read more



AM Investment, BAM Capital Merge as Volatility Funds Suffer
Mar 30/10
AM Investment Partners LLC, a $300 million hedge-fund firm, will combine with BAM Capital LLC as managers that bet on price swings seek to shore up assets eroded by the financial market rebound. “This is a merge...Read more



Talbots moves to negate hedge fund suit
Mar 30/10
Shrugging off a recently filed lawsuit that threatens to delay its pending merger, The Talbots Inc. has extended the deadline for a warrants-exchange offer originally slated to expire March 26. Last week the Hingham, Ma...Read more



Steel Partners Loses Vote to Oust Sapporo Directors
Mar 30/10
Steel Partners, the fund run by U.S. investor Warren Lichtenstein, lost a shareholder vote to oust directors from Sapporo Holdings Ltd., maintaining the five-year standoff between the Japanese brewer and its biggest inve...Read more



Olympia Capital Management launches the Olympia Dynamic Fund
Mar 30/10
Olympia Capital Management launches the Olympia Dynamic Fund, a diversified multi-strategy fund of hedge funds, driven by a dynamic allocation based on risk regimes. Olympia Dynamic Fund uses a flexible core-satellite ...Read more



Deutsche Bank to Add Staff Targeting New Hedge Funds in Asia
Mar 29/10
Deutsche Bank AG’s prime brokerage will hire more staff in Asia as it aims to lure business from hedge-fund startups in the region leading the global economic recovery, said Sean Capstick, head of capital introduction. ...Read more



Court rules in favour of Walkers' client in major hedge fund dispute
Mar 29/10
The Cayman Islands Court of Appeal has sent a clear message that winding up petitions should not be used to place undue and improper pressure on companies to accede to investor demands, according to a briefing by law firm ...Read more



How Not To Invest In Hedge Funds
Mar 29/10
How Not To Invest In Hedge Funds:We all know what to look out for when contemplating a hedge fund investment. Independent administrators and independent valuation of assets and calculation of fund NA...Read more



Man Group Said to Talk With SAC, GLG in Search for U.S. Deals
Mar 26/10
Man Group Plc, the biggest publicly traded hedge-fund manager, is scouting investments, acquisitions and distribution deals in the U.S. and has spoken with firms including SAC Capital Advisors LLP and GLG Partners Inc., ac...Read more



York Capital May Double Asian Hedge Fund Team in Next Two Years
Mar 26/10
York Capital Management LLC., which manages $13 billion, may double its staff in Asia as the market for funds trading securities affected by corporate changes such as mergers, reorganization and spinoffs in the region is set...Read more



Moore Trader Rifat Made ‘Investors That Matter’ List
Mar 26/10
Julian Rifat, the Moore Capital Management LLC employee arrested as part of the U.K.’s largest crackdown on insider trading, is a former track star who made a Morgan Stanley list of high-powered equity investors. ...Read more



SEC has questions about Dallas hedge fund's trades
Mar 26/10
A Dallas hedge fund managing $4.9 billion has received an informal inquiry from the Securities and Exchange Commission asking about trades that bet the price of newly issued shares would fall.Carlson Capital LP a...Read more



Growth capital woos unhappy buyout investors
Mar 26/10
Private equity firms which aim to take minority stakes in companies, rather than debt-laden controlling stakes, are taking advantage of investors' dissatisfaction with recent low returns from buyouts to land more funding and m...Read more



Camelot sold to Canadian pension fund for £400m
Mar 26/10
One of Canada's largest pension funds has snapped up Camelot, the operator of the National Lottery, beating a rival offer from private equity firm CVC Capital Partners that involved former Olympic rower Sir M...Read more



Fortress Hedge-Fund Executives Lawin, Treacy Said to Have Left
Mar 25/10
Two Fortress Investment Group LLC hedge-fund executives have left the New York-based firm, according to two people with knowledge of the moves, after assets at their unit dropped 77 percent last year. Scott Lawin, the ...Read more



U.K. Budget holds no new shocks for industry
Mar 25/10
Funds of funds and onshore start-ups look set to benefit from a series of smaller-scale initiatives in the UK government’s pre-election budget today, as the hedge fund industry avoided any further unwelcome surprises fo...Read more



SocGen VIX Options Trader Wien Leaves for Hedge Fund
Mar 25/10
Jeremy Wien, the head of VIX options trading at Societe Generale SA, left France’s second- largest bank to trade derivatives at New York-based hedge fund Alphabet Management LLC. Wien, 25, was hired from Goldman Sachs Gr...Read more



Deutsche Bank eyes ETFs for hedge fund strategies
Mar 25/10
Deutsche Bank (DBKGn.DE: Quote, Profile, Research) is considering launching exchange traded funds (ETFs) on individual hedge fund strategies as risk appetite among investors continues to improve, said the head of ETF struc...Read more



British hedge fund gets an Aussie accent
Mar 25/10
THE Australian chief executive of British hedge fund CQS, Michael Hintze, has set up an office in Sydney to help grow its business in the region. CQS yesterday announced it had enlisted former Coalition...Read more



Man Group Sees Profit Decline on Largest Fund Drop
Mar 24/10
Man Group Plc, the largest publicly traded hedge-fund firm, said it expects to post a drop in full- year profit after its largest fund posted its first annual loss, cutting performance fees by three-quarters. Th...Read more



Standard Life enters hedge fund arena with Aida buy
Mar 24/10
British insurer Standard Life's (SL.L) fund arm has made its first foray into hedge funds with the acquisition of London-based Aida Capital, as clients begin to return to the industry in the wake of the credit crisis. ...Read more



Activist hedge fund challenges Turkish regulator
Mar 24/10
QVT Financial, an activist hedge fund based in the US, has filed a lawsuit against Turkey's market regulator, claiming it failed to protect shareholders when it authorised a merger of sections of the Galatasaray f...Read more



Ebullio loses bulk of assets in two months
Mar 24/10
After ‘extraordinary circumstances’ forced the liquidation of physical and speculative positions, Ebullio Capital Management’s flagship commodity fund is in an extremely difficult position. Th...Read more



Big mis-selling risk from hedge fund UCITS: Efama
Mar 24/10
The European fund sector is risking a mis-selling scandal as hedge fund-style investments are brought into a market more used to plain vanilla products, said the president of industry body Efama. Jean-Baptiste de Franssu,...Read more



Plenum Hedge Fund Gains 19% on Arctic Weather Outlook
Mar 23/10
Plenum Power Surge, the hedge fund managed by Plenum Investments AG in Switzerland, returned 19 percent in the first two months of the year after betting on an increase in Scandinavian electricity prices. Prices in...Read more



Macquarie Hedge Fund Manager Admits ‘Wrong’ Trades
Mar 23/10
A Macquarie Bank hedge fund manager admitted to front-running his own fund to pay himself “performance fees.” Oswyn De Silva, a Malaysian citizen who worked in Macquarie’s London office, earned A$3.6 million for himself buyin...Read more



UK Conservatives say would oppose EU hedge fund law
Mar 23/10
A British government led by the Conservative party would oppose a planned European law for hedge funds as it stands, one of the party's leading lawmakers in Brussels overseeing the law has told Reuters. Last week, British...Read more

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