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Monday, December 10, 2018

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Citigroups head of hedge fund services leaves after 24 years with company
Jun 23/08
NEW YORK (AP) - Citigroup Inc.'s head of hedge fund services is leaving the company, according to an internal company memo.Steve Bowman has worked at Citi, now the nation's largest bank by assets, for 24 years in both the New York...Read more



Hedge Funds In Feds Crosshairs
Jun 20/08
Record losses from the subprime and credit crisis are now reaching toward the $400 billion mark, Fox Business News reports. As a result, hedge funds are being scrutinized and indictments have been handed down to two Bear Stearns h...Read more



Israels Girlfriend Charged With Helping Him Become Fugitive
Jun 20/08
(Bloomberg) -- Samuel Israel, the convicted co- founder of the bankrupt hedge fund Bayou Group LLC, fled with the help of his girlfriend who was charged with aiding his failure to surrender, according to the U.S. Attorney's office...Read more



Tobias Widow Gets Bulk Of Hedge Fund Managers Estate
Jun 20/08
The widow of Circle T Partners founder Seth Tobias will keep the lion’s share of his estate after settling an ugly probate battle with his family.Tobias’ family will split roughly $3.2 million of Tobias’ estate, with was estimated...Read more



Is Chapter 15 now a closed book for hedge funds?
Jun 20/08
Jeremy Walton, a partner in the litigation practice group at international law firm Appleby and head of the firm's fund disputes team, says the ruling by a US court on the liquidation of two Bear Stearns hedge funds in the Cayman ...Read more



Prime Brokers Set Sights Overseas
Jun 20/08
More hedge fund firms are setting up overseas offices, a trend not overlooked by the service providers supporting them, FINalternatives reports.The globalization of hedge funds is forcing prime brokers to broaden their own service...Read more



MFA Spent $660,000 on Hedge Tax Lobby
Jun 20/08
The Managed Fund Association spent $660,000 in the first quarter to lobby against a proposed hedge fund tax hike, a filing revealed. The MFA also lobbied against the proposed offshore tax shelter ban as well as a bill requiring th...Read more



SEC charges two ex-Bear Stearns hedge fund managers with fraud
Jun 20/08
U.S. regulators and law enforcement brought charges against two former portfolio managers from Bear Stearns Asset Management over the collapse of their hedge funds last summer.The US Securities and Exchange Commission charged the ...Read more



Hedge Fund Managers in Monaco Say Credit Crisis to Worsen
Jun 20/08
New Page 1 The credit market contagion that led to record losses at some of the world's largest financial institutions may be far from over, according to hedge fund managers gathered in Monaco this week. ``T...Read more



Hedgeweek Comment: Take it easy until troubled times are over
Jun 19/08
Hedge funds are known for their active and aggressive investment strategies, but they seem to be resigned to the fact that hard-line tactics may not get them far during this turbulent period. Instead the talk of the town currently...Read more



Tennyson Fund Solutions opens in North America
Jun 19/08
Tennyson Fund Solutions, a Bermuda- and UK-based provider of full service fund administration services to hedge funds and funds of hedge funds, has announced the launch of its North American operations with the opening of offices...Read more



Dubai Puts $250 Million in Sharia Hedge Fund Platform
Jun 19/08
LONDON (HedgeWorld.com)—The Dubai Multi Commodities Centre Authority, a government agency in the United Arab Emirates, is seeding five sharia-compliant commodity hedge funds run from the United States with a total of $250 million ...Read more



Paulson & Co. Says Writedowns May Reach $1.3 Trillion
Jun 19/08
(Bloomberg) -- John Paulson, founder of the hedge fund company Paulson & Co., said global writedowns and losses from the credit crisis may reach $1.3 trillion, exceeding the International Monetary Fund's $945 billion estimate....Read more



130/30 now the big investment trend
Jun 19/08
Acuity Funds Ltd.'s new pooled fund for high-net-worth clients -- those who meet the so-called accredited rules for sophisticated investors -- is looking to capitalize on a popular investment trend south of the border that allows ...Read more



Former Bear Stearns Fund Managers Arrested by FBI
Jun 19/08
New Page 1 Bear Stearns Cos. former hedge fund managers Ralph Cioffi and Matthew Tannin were taken into custody at their homes this morning over their roles in the collapse of two funds that ignited the ...Read more



Hedge Funds Hire From Wall Street as Jobs Disappear, Pay Falls
Jun 19/08
New Page 1 Citadel Investment Group LLC, Tudor Investment Corp. and at least 20 rival hedge funds are taking advantage of job cuts and pay reductions on Wall Street to recruit top performers and expand into new ...Read more



Fund managers press City watchdog to postpone tougher disclosure rules
Jun 18/08
Hedge funds will today lobby the Financial Services Authority to delay its new rules for disclosing trading positions during rights issues.The Alternative Investment Management Association (AIMA), whose members control over 75% of...Read more



HF Bosses Tip Global Macro, Mkt Neutral
Jun 18/08
Top hedge fund executives said that Global macro and market neutral strategies appear to be the top performers over the next 12 to 18 months, Reuters reports.Speakers at the Global Alternative Investment Management meeting in Mona...Read more



Investors Wary of Goldman Hedge Funds
Jun 18/08
 NEW YORK (HedgeWorld.com)—Amid Goldman Sachs Group Inc.'s relatively strong second quarter financial results in a challenging environment, hedge fund investments stood out as a sore spot. Alternative assets under management, incl...Read more



New rules to make risky funds more transparent
Jun 18/08
In one of Canada's biggest investment scandals, regulators pulled the plug on Portus Alternative Asset Management Inc. in early 2005.The now-bankrupt Toronto company was selling risky hedge funds to ordinary investors, using a com...Read more



Six charged in Norbourg case
Jun 18/08
MONTREAL — Police have laid criminal charges against six people in the Norbourg Asset Management Inc. fraud case.Among those arrested Wednesday morning are Vincent Lacroix, the disgraced founder of Montreal-based Norbourg, who is ...Read more



Infiniti Finds New Fund Managers Try Harder
Jun 17/08
 NEW YORK (HedgeWorld.com)—In a recent study Infiniti Capital found that emerging hedge fund managers outperformed their more established counterparts by as much as 4% annually. Using figures from the HedgeFund.Net database, Infin...Read more



Morgan Stanley, Citi Lose Oil Analysts as Hedge Funds Hire
Jun 17/08
New Page 1 Wall Street is losing its top oil analysts as securities firms suffer record losses and hedge funds offer the promise of higher pay. Morgan Stanley's Douglas Terreson and Citigroup Inc.'s Doug ...Read more



HF Start-Ups Face A New Reality
Jun 17/08
Part 3 of 3:For most start-up funds without a marquee pedigree, the road to gathering assets among institutions will require the assistance of third-party marketing firms and seed capital firms. However, with the glut in the marke...Read more



Prisma Finds 40 Managers Optimal for FOFs
Jun 17/08
 JERSEY CITY, N.J. (HedgeWorld.com)—The answer to the question of how many hedge fund managers should be in a fund of funds portfolio has been the Holy Grail for the fund of funds industry. If a fund of funds manager's goal is to ...Read more



Hedge Funds Use Channel Checkers For Primary Research
Jun 17/08
Two-thirds of hedge funds with greater than $1.5 billion in assets perform channel checks, with over 45% using third party firms to assist the process. Specialized channel research firms serving hedge funds and other institutional...Read more



Survey: One-Third Of Hedge Funds Dissatisfied With Prime Brokers
Jun 17/08
More than one-third of hedge fund and CTA managers are considering changing their prime brokers or have recently done so, according to a new survey conducted by FINalternatives and Advent Software. Funds report that the main reaso...Read more



May The Best Month Of 08 For Hedge Funds
Jun 17/08
Hedge funds posted their best returns of the year in May, bringing their year-to-date performance into positive ground, the Credit Suisse Index Co. reports.“The Credit Suisse/Tremont Hedge Fund Index finished up 2% in May, which i...Read more



Hedge funds in the Cayman Islands
Jun 16/08
A few days ago, the Cayman Islands Monetary Authority published their "Investments Statistical Digest", which is a summary of the "e-reports" that all Cayman hedge funds now have to submit to the local regulato...Read more



HF Start-Ups: Think Like An Owner
Jun 16/08
The best part of creating a new hedge fund may be the entrepreneurial spirit of the endeavor, yet that very mindset can result in a host of legal headaches for funds not careful from the outset. While there are a plethora of legal...Read more



With pension funds cautious, managers look abroad for asset growth
Jun 16/08
This year, Canadian boutique Landry Morin Investment Managers will launch an offshore hedge fund for the first time since the firm's establishment in 2002. The Montreal-based firm will unveil the next generation of a long/short eq...Read more



Beyond the Hedge Fund Shakeout
Jun 16/08
Large hedge funds at prestigious global banks seem to be blowing up routinely. But that doesn't mean the world's largest financial institutions won't be the ultimate beneficiaries of a hedge fund industry in the throes of a shakeo...Read more



Citigroup will integrate Old Lane hedge fund into its banking & securities business
Jun 16/08
NEW YORK (AP) - Citigroup Inc. on Thursday said it will close a hedge fund co-founded by Chief Executive Vikram Pandit, just 11 months after the global bank acquired it for more than $800 million.Old Lane Partners, which has had s...Read more



AIMA Urges Retail Access to Funds of Hedge Funds
Jun 13/08
 LONDON (HedgeWorld.com)—The Alternative Investment Management Association has urged the U.K. Financial Services Authority to allow funds of hedge funds to be made available to retail investors. The move comes as a formal response...Read more



Service Providers: Report on Canada Hedge Fund Services 2008
Jun 13/08
 From HedgeWeek.com: - Managers look abroad for asset growth- Buoyant Canada attracts global interest- Canadian fund service providers expand at home and abroad- In sync with the needs of start-up managersReport source:http://www....Read more



The Lo down
Jun 13/08
THE basic idea behind efficient market theory is that it seems implausible that there are $20 notes lying on pavements waiting to be picked up. It is thus tough for investors to beat the stockmarket average. But the billion-dollar...Read more



2nd Hedge Fund Fight night to begin five month pre-fight training
Jun 13/08
The second Hedge Fund Fight Night is coming in November. Alpha males, journeymen and brutes with anger management problems are required to volunteer to train in the noble art of fisticuffs…Christened "the Ding Dong in Hong Ko...Read more



HF Managers Prefer Lean Teams
Jun 13/08
More Managers are turning over the idea of the perfect number of individuals to run a hedge fund, Financial News reports.Staff is the highest cost for many of them and, given that fees depend on assets under management, a slimmer ...Read more



Search widens for missing ex-hedge fund manager
Jun 12/08
BOSTON (Reuters) - Authorities scoured New York's Hudson River on Wednesday for a missing hedge fund manager who skipped his prison date and appeared to have killed himself, while also expanding a manhunt in case he staged a hoax ...Read more



Hedge Funds Review announces winners of 8th European Performance Awards
Jun 12/08
Hedge Funds Review announces winners of 8th European Performance Awards 2008:Hedge Funds Review, the premier publication for the global hedge fund industry, has announced the winners for its Eighth European Performance Awards 2008...Read more



Tax bill with hedge fund provision does not pass
Jun 12/08
A tax bill that would have stopped managers of offshore hedge funds from deferring tax payments on their compensation failed to pass a key procedural vote in the Senate on Tuesday night. Under a provision in the bill, offshore hed...Read more



Strength of Canada dollar link to oil price tested
Jun 12/08
TORONTO (Reuters) - Is the Canadian dollar actually a petrodollar or is its link to record-high oil prices tenuous and temporary?No clear answer emerged at investment conference in Toronto on Wednesday, but both sides of the argum...Read more



Citigroup Shuts Down Old Lane, Co-Founded By Pandit
Jun 12/08
New Page 1 Citigroup Inc. Chief Executive Officer Vikram Pandit plans to shut down Old Lane Partners, the hedge-fund group he co-founded and sold to the bank last year for more than $800 million. Citigroup...Read more



Education key to mass market hedge funds
Jun 11/08
A greater knowledge of hedge funds among investors and advisers is needed to enable a well-functioning retail market for the products, according to Datamonitor. With the FSA currently reviewing the ban on marketing hedge funds to...Read more



Some Hedge Fund Strategies Thrive
Jun 11/08
Hedge funds may be coming off their worst first quarter in history, including, surprisingly enough, a poor showing in the energy sector, but not everyone is doing poorly.Global macro strategies have been thriving, and many fund-of...Read more



Franklin Templeton Investments Appoints William Yun to Head Alternative Strategies
Jun 11/08
SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Resources, Inc. (operating as Franklin Templeton Investments) (NYSE:BEN) today announced that William Yun, CFA, has been named executive vice president of Alternatives Strategies, a new...Read more



Canadian Seeder To Make First Commitments
Jun 11/08
Accelerator Capital, the $150 million seeding joint venture between Arrow Hedge Partners and Marret Asset Management, is making its first commitments to a pair of Canadian long/short managers. The fund was launched in January and ...Read more



Hedge Funds Continue to Outperform Equities in May
Jun 11/08
Building on positive gains in April, the Greenwich Global Hedge Fund Index(“GGHFI”) returned +2.01 percent while the Greenwich Composite Investable Index returned +1.66 percent in May. By comparison, the S&P 500, MSCI World Eq...Read more



The top 25 hedge fund foundations reached $4.6 billion
Jun 11/08
  TOP 25 HEDGE FUND FOUNDATIONS REACH $4.6 BILLION   GEORGE SOROS’ OPEN SOCIETY INSTITUTE LEADS RANKING       New York, June 1...Read more



OPEC Wants Oil Price `Solution' From Saudi Meeting
Jun 11/08
New Page 1 OPEC wants a ``solution'' to record oil prices and an examination of the role of energy speculators when governments of oil consuming and producing countries meet later this month in Saudi Arabia, O...Read more

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