A new hedge fund advised by Honolulu-based Bellamy Fund Management LLC has opened to invest in distressed Asian companies. The Takarajima Fund, which is registered in the Cayman Islands, is a yen-denominated fund open to high net-worth investors and institutions.
Hedge-fund copycat products are not living up to their billing, often posting smaller gains than the indexes they track, New York hedge-fund managers say.
Lehman said it plans to increase its stake to 25% by the end of this year in latest move to expand its hedge fund business.
Lon Juricic submits: In a 13G filing on NVE Corp. , hedge fund Citadel LP disclosed an 8.3% stake in the company. The fund did not show a stake in NVE for the quarter ended Sept 30, 2006.
Jan. 31 (Bloomberg) -- R. Hunter Biden, a Washington lobbyist and son of U.S. presidential hopeful Senator Joseph Biden, fraudulently excluded a partner from the purchase of a hedge-fund investment firm, the partner claims in a lawsuit.
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