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Wednesday, December 12, 2018

General News




Hedge Funds’ Assets Down, But Managers Are ‘Up’
Dec 16/09
Despite still being down from peak highs two years ago, hedge funds attracted $150 billion in new assets in the first nine months of this year, according to a quarterly report by Barclays Capital's prime services division. De...Read more



Hedge Funds Hold More Appeal Than Their Managers
Dec 15/09
As investors make a year-end review of their portfolios, they will see that after all the predictions of the demise of the banking industry earlier this year, most financial stocks have done pretty well. Except for one group...Read more



BNY Mellon Alternative Investment Services Announces New Price Verification and ...
Dec 15/09
BNY Mellon Alternative Investment Services Announces New Price Verification and Asset Validation Service for Hedge Funds New service means more transparency for managers, partners and investors NEW YORK, Dec. 14 /PRNewswire-Fi...Read more



Adventures In Hyberbole: European Hedge Fund Exodus Edition
Dec 15/09
It’s been made perfectly clear by everyone with something to lose from Europe’s ever-changing-but-still-draconian hedge fund regulation proposals that they’ll be a disaster. Hedge funds will leave in droves, London will be lef...Read more



Mid-size hedge funds pulled in most new money-data
Dec 15/09
*Investors appear to prefer bigger funds *Smaller funds eyeing new staff to help pull in money BOSTON, Dec 14 (Reuters) - Hedge funds that oversee at least $5 billion saw investors add more money than they pulled out in ...Read more



25 years for partner in $194 mln Florida fund fraud
Dec 14/09
* Florida hedge fund company was Ponzi scheme * Partner was fugitive for more than two years MIAMI, Dec 11 - A partner in KL Group, a now-defunct Florida hedge fund company, was sentenced on Friday to nearly 25 years in pr...Read more



‘Bad boy’ hedge-fund manager Crispin Odey nets £30m
Dec 14/09
CRISPIN ODEY, the hedge-fund manager, is to pay himself £30.4m after his firm made a fortune betting on the near collapse of the UK banking system last year. The extraordinary figure is almost half Odey Asset Management’s £68.4...Read more



Former Hedge Fund Manager Pleads Guilty to Fraud
Dec 14/09
A jailed hedge fund manager in New York whose fraud was revealed in the investigation of the Bernard L. Madoff scandal admitted in court on Friday that he fabricated client account statements and overstated asset values by ...Read more



Caldwell Investment Management Appoints State Street...
Dec 11/09
State Street Corporation (NYSE: STT), one of the world’s leading providers of financial services to institutional investors and IFDS Canada, the expert in transfer agency services, announced today that they have been appointed...Read more



Hedge fund firm Polar assets continue rebound
Dec 11/09
* Assets up to $2 bln at end-Nov from $1.9 bln at end-Sept * March assets hit low of $1.5 bln * Pretax loss of 400,000 pounds before share-based payments * Interim dividend maintained at 1 pence Hedge fund firm Pol...Read more



Hedge fund employees optimistic about 2009 pay
Dec 11/09
Roughly one out of every four hedge fund firm employees expects to take home more money this year than last, according to data that offers evidence the industry is on the mend after 2008's heavy losses. Research service H...Read more



Hedge fund Artradis pummeled by bad volatility bets
Dec 11/09
* Artradis' AB2 fund drops 23%, Barracuda fund down 11% * Assets under management down by half to about $2 billion * Funds were up sharply last year and in 2007 Hedge funds may be on track to post their best returns in ...Read more



Women Hedge Fund Managers Outperform Men
Dec 11/09
It’s generally known that men are hard-wired to be bigger risk takers than women (due to all that extra testosterone they have sloshing around). Interestingly, though, in a profession that is all about risk — hedge fund ...Read more



Barclays lists iPath exchange-traded notes in Canada
Dec 11/09
Barclays Bank has introduced its iPath exchange-traded notes platform in Canada with the cross-listing of seven iPath ETNs on the Toronto Stock Exchange. The iPath ETNs are linked to equity volatility, currencies and the C...Read more



Q3 hedge fund launches outpace liquidations-report
Dec 10/09
* HFR reports 224 new funds started in Q3, 190 shut down * Liquidations still high with 858 already shut down in 09 Heartened by improved market conditions, new hedge fund launches picked up again in the third quarter an...Read more



Clive Capital Closes $4 Billion Hedge Fund to New Investors
Dec 10/09
Clive Capital LLP closed its $3.98 billion commodities hedge fund, the world’s largest, to new money after posting its biggest monthly gain since May. The fund returned 4 percent last month, led by precious metals and agric...Read more



Hedge funds tip-toe toward an uncertain future
Dec 10/09
It wasn't too long ago big-time hedge fund managers like James Pallotta were erecting monuments to themselves. In Pallotta's case, it was a $21 million Georgian-style mansion he built in 2007 in Weston, a leafy Boston subu...Read more



Hedge fund assets climb back above $2 trillion
Dec 09/09
Hedge fund assets crossed the $2 trillion (1.2 trillion pound) level for the first time in a year, signaling investors' new willingness to return to alternative assets less than 12 months after the sector suffered heavy loss...Read more



Overstock says it settles with hedge fund
Dec 09/09
* Rocker accused of campaigning to pressure share price * Overstock CEO an outspoken critic of short-sellers A hedge fund is paying $5 million to settle a long-running lawsuit filed by online retailer Overstock.com (OSTK.O), t...Read more



Hedge fund manager Paulson buying stocks, credit
Dec 09/09
Billionaire hedge fund manager John Paulson said on Tuesday he still sees compelling long-term returns in equities even after their sharp run-up this year, while holding no short positions in the credit markets. "Today...Read more



News Gets a Bit Better for Victims of Madoff
Dec 09/09
For some Madoff investors, the financial damage likely won't be as bad as originally feared. Nearly a year after the massive fraud was exposed, sweetened tax breaks, payouts from the Securities Investor Protection Corp. and s...Read more



Soros: Bank regulation should cover pay
Dec 09/09
George Soros, chairman of Soros Fund Management, said Tuesday that new rules on the banking sector need to include regulations over pay. Soros said it was "regretable" but was due to the implicit guarantee provided b...Read more



Banyon Hedge Fund Lost $775 Million Invested With Rothstein
Dec 08/09
Banyon Investments LLC, a hedge fund in Fort Lauderdale, Florida, invested $775 million in the alleged $1.2 billion Ponzi scheme run by Scott Rothstein, bankruptcy court records show. Banyon’s investments make it the larges...Read more



Ex-Tower Sugihara Leads 17% Gain With Hayate Japan Hedge Fund
Dec 08/09
Yukihiro Sugihara, a former analyst at Tower Investment Management Co., led his Japan-focused hedge fund to a 17 percent gain this year by concentrating on small companies that escape the attention of analysts and competito...Read more



Portus investors recover 95% with final payment
Dec 08/09
An Ontario court has approved a final payment to clients of Portus Alternative Asset Management Inc., which will see the collapsed hedge fund's customers receive at least 95 cents on the dollar of their investments as t...Read more



Hedge Funds Win Profit on Chicago Sewer Debt at Public Expense
Dec 08/09
The “fair and reasonable” price financial advisers recommended to the Metropolitan Water Reclamation District of Greater Chicago for the biggest borrowing in its history cost taxpayers $8 million in unnecessary interest and ...Read more



Pension funds seek alternatives in hunt for yield
Dec 08/09
 * Allocations to hedge funds, PE, emerging mkts growing * Calpers spearheaded move into alternative investments * Numbers down at Alternative Investment conference Large public pension funds in New York, California and O...Read more



The sweet deal that turned sour for anaesthetist
Dec 08/09
BABCOCK & BROWN'S foremost private investor is suing the founder of B&B's hedge fund spin-off, Everest Capital, saying he was misled into putting $25 million into one of its unit funds. Formerly Babcock's staunchest o...Read more



Brevan Howard Said to Restrict Investor Inflows to Three Funds
Dec 07/09
Brevan Howard Asset Management LLP, Europe’s largest hedge-fund firm, limited the flow of money into three funds as client assets approached last year’s high, according to people familiar with matter. The firm closed its $2 ...Read more



Rajaratnam’s FBI Probe a Decade Ago Lacked Proof of Fraud
Dec 07/09
Raj Rajaratnam, the Galleon Group LLC founder fighting federal insider-trading charges, was probed a decade ago by the FBI, which said in 2002 it couldn’t tie him to illegal stock sales related to confidential documents ...Read more



Guernsey funds see asset growth
Dec 07/09
The value of investment funds managed and administered in Guernsey grew by 7% in the third quarter of 2009, bringing the total net asset value (NAV) of funds in the island to £181.5 billion. Guernsey-domiciled closed and open...Read more



State Street Global Advisors Launches US Community Investing Index Strategy
Dec 07/09
State Street Global Advisors Launches US Community Investing Index Strategy First Strategy to Track the US Community Investing Index Boston—December 7, 2009—State Street Global Advisors, the investment management a...Read more



Prosecutors investigated Rajaratnam a decade ago: report
Dec 04/09
Federal prosecutors investigated Galleon Group hedge fund founder Raj Rajaratnam on suspicions of insider trading more than a decade before he was charged with securities fraud, the Wall Street Journal reported, citing legal...Read more



Marshall Wace Returns 26% This Year With TOPS Japan Hedge Fund
Dec 04/09
Marshall Wace LLP, the London-based hedge-fund manager overseeing $4 billion in assets, returned 26 percent with its Japan-focused hedge fund this year by tapping ideas from 150 equity salespeople from outside the firm. ...Read more



Harbinger cuts New York Times stake again
Dec 04/09
- Hedge fund Harbinger Capital partners has cut its stake in The New York Times Co (NYT.N) yet again, about two years after spending half a billion dollars to become one of its largest shareholders.* Harbinger cuts New York ...Read more



Salida scores treble digit return
Dec 04/09
Salida Capital’s offshore long/short equity and energy hedge funds are up close to 200% year-to-date on the back of successful bets on gold and the energy sector. Salida’s BTR Strategic Growth Fund was up 185.75% at ...Read more



Jury finds Petters guilty in $3.5B fraud case
Dec 03/09
A jury delivered a sweeping verdict against Minnesota businessman Tom Petters on Wednesday, finding him guilty of all 20 counts in what prosecutors said was a $3.5 billion Ponzi scheme. Petters, who claimed subordinates c...Read more



Gold hits record on hedge demand
Dec 03/09
Gold surged to a record for a second straight day as investors stepped up purchases to protect their wealth against currency depreciation. Silver also gained. Gold futures touched an all-time high of $US1218.40 an ounce i...Read more



Sparx ‘Rising Sun’ Leads Japan Small Cap Funds With 26% Return
Dec 03/09
Sparx Asset Management Co.’s Tadahiro Fujimura led a 26 percent return for his Rising Sun fund this year, the best performer in the Asian market with the worst returns for smaller companies. The 1.2 billion yen ($...Read more



Fewer Seeders Around, But Hedgies Love Them
Dec 03/09
Startup hedge funds want to avoid the time and costs associated with hiring marketing professionals and that's where seeders come in.Hedge funds are not back to where they were before Lehman Brothers' bankruptcy, but some ...Read more



Catch a high-flying fund - up 56%
Dec 03/09
Now a father-and-son act, the celebrated Yacktman value portfolio has racked up big returns, showing how patience and a contrarian bent can pay off. D...Read more



AIMA expresses concern over proposed threshold for U.S. Systemic Resolution Fund
Dec 03/09
“The Alternative Investment Management Association, as the global hedge fund industry association, supports the efforts of policymakers in the U.S. to tackle systemic risk. We support the reporting of systemica...Read more



Swedish Hedge Fund Brummer to Set Up New Bangladesh Stocks Fund
Dec 02/09
Brummer & Partners, the largest Scandinavian hedge-fund manager, plans to set up a fund to buy Bangladeshi stocks, betting the south Asian nation will attract investors seeking the world’s next low-cost labor hub. The fu...Read more



Hedge Funds Mobilize Against ‘Onerous’ Systemic-Risk Assessment
Dec 02/09
Hedge funds are fighting what they call a punitive provision in the U.S. House regulatory overhaul bill that requires the private investment pools to pay into a fund for rescuing failed companies ahead of other financial firms...Read more



Liechtenstein minister worked for K1 hedge fund
Dec 02/09
Liechtenstein justice and foreign minister Aurelia Frick briefly worked for the sales arm of the K1 hedge fund group, whose founder is in custody in Germany pending a fraud investigation, a government spokesman said. The sp...Read more



State Street grows in alternatives with Mourant buy
Dec 02/09
State Street Corp (STT.N), already one of the financial industry's biggest record keepers, will become the biggest service provider for alternative assets after it buys Mourant International Finance Administration. Boston...Read more



Quant hedgies must fish in fresh waters-Goldman
Dec 02/09
* Older strategies like value, momentum getting overcrowded * Eyes newer areas of event-driven, catastrophe reinsurance PARIS, Dec 1 (Reuters) - Computer-driven hedge funds must hunt for new areas to exploit as some area...Read more



CalPERS probes oversight of two outside hedge fund advisors
Dec 02/09
The firms were working without required contracts. The official who oversees the pension fund's $5.8-billion hedge fund portfolio reportedly was disciplined. California's huge public e...Read more



Hedge Funds Buying as Individuals Sell in Bull Signal
Dec 01/09
Hedge funds are shoveling money into stocks as individuals exit at the fastest rate in a year, a sign to professional investors that the Standard & Poor’s 500 Index is poised to extend its gains. About $37.3 bi...Read more



Hedge fund, creditors bid for Six Flags
Dec 01/09
Hedge fund manager Stark Investments has assembled a group of Six Flags Inc. creditors and submitted an alternative reorganization plan to acquire most of the theme park company's ownership. New York-based Six Flags (OTCBB: S...Read more

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