http://www.hedgefundzone.com Fri, 12 Mar 2010 00:12:41 +0000 http://backend.userland.com/rss092 en The head of Goldman Sachs' largest internal hedge fund is leaving the Wall Street giant to start his own hedge fund, a Goldman Sachs spokeswoman in London confirmed. Click here for more info http://www.hedgefundzone.com/7863.html What's Your Reaction? You don't know me; we've never met. But I fear you are being encouraged to dislike me. Let me explain: I'm a speculator. I manage a hedge fund. Apparently I profit from your misery. Accordingly, our political leaders are keen to see the back of me. Click here ... http://www.hedgefundzone.com/7862.html BRUSSELS, March 11 (UPI) -- The European Union reacted defensively Thursday to U.S. Treasury Secretary Timothy Geithner's complaints about proposed hedge-fund regulations. Link to original article http://www.hedgefundzone.com/7861.html Goldman's Flamand To Start Own Hedge Fund: Report Link to original article http://www.hedgefundzone.com/7860.html Pierre-Henri Flamand, the head of Goldman Sachs Group Inc.’s largest internal hedge fund, is retiring from the world’s most profitable securities firm to start a hedge fund, according to three people with knowledge of his plans. Click here for more info http://www.hedgefundzone.com/7859.html EU says US treasury secretary has pressed it on hedge fund rules More... http://www.hedgefundzone.com/7858.html Queen's Walk Investment, the listed hedge fund run by Cheyne Capital Management, which began a strategy of buying undervalued investment grade ABS in 2008, has realised some gains on these holdings, highlighting the success of this policy. Read more here http://www.hedgefundzone.com/7857.html Hedge-fund liquidations lare becoming rarer as a strong market rebound helps the industry recover from a 2008 that was one of its worst years ever. Link to original article http://www.hedgefundzone.com/7856.html Aaron Elstein - A former limousine driver who engineered an extraordinary career change and became president of a hedge fund now faces up to five years in prison for cheating investors out of nearly $20 million. Alan Fishman, a 50-year-old Ukraine native who resides in Brooklyn’s Brighton Beach, last week ... http://www.hedgefundzone.com/7855.html March 10 -- The pace of hedge-fund liquidations slowed in the fourth quarter, according to Hedge Fund Research Inc., as markets recovered from the financial crisis. Click here for more info http://www.hedgefundzone.com/7854.html A former portfolio manager at $12bn (€8.1bn) SAC Capital Advisors has founded a new hedge fund and launched a maiden fund, amid a favourable environment for managers at big-name firms looking to go it alone. Read more here http://www.hedgefundzone.com/7853.html March 10 (Bloomberg) -- A forestry and carbon hedge fund proposed by Athamas SA will focus on wood rather than carbon credits after United Nations climate talks in December failed to set international targets after 2012. Link to original article http://www.hedgefundzone.com/7852.html UK-based hedge fund Future Capital Partners' subsidiary, Future Fuels LLP, has acquired a site and planning permission consent to build an ethanol plant near Grimsby in northeast England, according to a news release posted on HedgeCo.net. Link to original article http://www.hedgefundzone.com/7851.html The U.S. dollar is the favorite currency of hedge-fund managers, with the Brazilian real a “distant second,” according to a survey by TrimTabs Investment Research and BarclayHedge. More... http://www.hedgefundzone.com/7850.html March 9 (Bloomberg) -- The ex-Asia head of Deutsche Bank AG ’s Saba proprietary trading desk is planning a hedge fund seeking to profit from mispricing of securities in Asia’s equity and credit markets, said two people with knowledge of the matter. Read more here http://www.hedgefundzone.com/7849.html Hilary Potkewitz - Just as hedge funds are celebrating another month of positive inflows and marginal performance gains, the Securities and Exchange Commission is gearing up add more than 30 new investigators to its New York office—to focus on such firms. To do that, the agency is looking to attract ... http://www.hedgefundzone.com/7848.html March 8 (Bloomberg) -- JPMorgan Chase & Co. , the New York- based bank run by Jamie Dimon , is the world’s biggest hedge-fund firm by assets, according to Pensions & Investments magazine. Click here for more info http://www.hedgefundzone.com/7847.html Early estimates indicate the Credit Suisse/Tremont Hedge Fund Index will finish up +0.87% in February . Click here for more info http://www.hedgefundzone.com/7845.html Wall Street is approaching the one-year anniversary of the market's bottom, but new data from Pensions & Investments shows some top hedge funds are still feeling the effects of the slide. Click here for more info http://www.hedgefundzone.com/7846.html The dramatic pick-up of European hedge funds setting up business in the second half of last year failed to prevent 2009 being the quietest for hedge fund launches in at least a decade. More... http://www.hedgefundzone.com/7844.html JPMorgan Chase is the king of the hedge fund castle, at least in terms of heft, according to a recent ranking by Pensions & Investment. Link to original article http://www.hedgefundzone.com/7843.html British diplomats will today begin the final stage of a desperate rearguard action against new European legislation that London-based hedge funds and private equity firms warn could drive them out of business. More... http://www.hedgefundzone.com/7842.html SINGAPORE: Singapore is planning to create its own hedge-fund capital modelled after Greenwich, Connecticut, in a cluster of ex-British army homes called Nepal Hill, a 15-minute cab-ride from the city-state's main banking district. The Monetary Authority of Singapore and JTC Corp - the government agency developing and marketing the project ... http://www.hedgefundzone.com/7841.html Dubai, UAE, March 7, 2010: Capintro Partners, Ltd. (Capintro), an investment research and placement specialist with a focus on introducing global alternative investment managers, to MENA (Middle East and North Africa) investors, released the results of its second Middle East Hedge Fund Investor Survey for 2010. More... http://www.hedgefundzone.com/7840.html S'pore plans own hedge fund capitalS'pore plans own hedge fund capital Link to original article http://www.hedgefundzone.com/7839.html March 5 (Bloomberg) -- Singapore is planning to create its own hedge-fund capital modeled after Greenwich, Connecticut, in a cluster of ex-British army homes called Nepal Hill, a 15- minute cab-ride from the city-state’s main banking district. Link to original article http://www.hedgefundzone.com/7838.html Hedge fund heavyweight Steve Eisman and wife, Valerie Feigen , have sold their second 1125 Park Avenue apartment, according to city records, this time for $4.3 million . The hedge fund manager sold to Peter Halloran , CEO of Pharos Financial Group, a hedge fund active in the securities market of Russia ... http://www.hedgefundzone.com/7835.html Brussels - The European Commission is to meet hedge fund managers as it probes into financial dealings surrounding Greece's public debt, a spokeswoman said Friday. The European Union's executive arm is currently pondering tighter regulatory measures Link to original article http://www.hedgefundzone.com/7837.html By Hunter. If you have not already seen the article on hedge fund manager Michael Burry from Vanity Fair, you can find it here: Michael Burry in Vanity Fair. This is from Michael Lewis' new book The Big Short: Inside the Doomsday Machine which I am very excited about reading. ... http://www.hedgefundzone.com/7834.html Elliott Associates targets former networking giant Novell, one of the earliest names in networking, is facing an unsolicited takeover bid worth about $2 billion by a New York hedge fund. Read more here http://www.hedgefundzone.com/7832.html Hedge fund consulting and third party marketing firm Agecroft Partners has hired Tim Savage as its sixth Managing Director. Click here for more info http://www.hedgefundzone.com/7833.html Little-known brokerage firm Monness, Crespi, Hardt & Co has long toiled in the shadows of Wall Street, but the boutique suddenly has been thrust into the limelight because of an "ideas dinner" it sponsored last month for a group of about 18 hedge fund. More... http://www.hedgefundzone.com/7836.html NEW YORK, March 4 — Little-known brokerage firm Monness, Crespi, Hardt & Co has long toiled in the shadows of Wall Street, but the boutique suddenly has been thrust into the limelight because of an “ideas dinner” it sponsored last month for a group of about 18 hedge fund traders. ... http://www.hedgefundzone.com/7831.html Novell, one of the earliest names in networking, Tuesday received an unsolicited takeover bid worth about $2 billion by a New York hedge fund. Link to original article http://www.hedgefundzone.com/7830.html Hedge fund Elliot Associates has made a bid to acquire software vendor Novell. In a public letter to the company's board of directors, the hedge fund offered $5.75 per share (a 49 percent premium), placing Novell's value at $2 billion dollars. Elliot Associates is already one of the largest institutional ... http://www.hedgefundzone.com/7826.html Send in the bankers and lawyers Commercial Linux distro and systems software maker Novell said last night, after it had received a takeover deal from a New York hedge fund named Elliott Associates to take Novell private, that it would put out a statement about the proposal. It took nearly ... http://www.hedgefundzone.com/7827.html Rothstein Kass , a national accounting and advisory services firm announced today that Howard Altman, co-Managing Principal of the firm, has been elected to serve on the Board of Directors of the Hedge Fund Association. Read more here http://www.hedgefundzone.com/7828.html DUBLIN----Research and Markets has announced the addition of the "Hedge Fund Management" report to their offering. Read more here http://www.hedgefundzone.com/7829.html A hedge fund that is already one of Novell 's largest shareholders offered on Tuesday to acquire the struggling, cash-rich enterprise software maker for $2 billion. The unsolicited offer from New York-based Elliot Associates is for $5.75 per share in cash, a dollar more than Novell's closing price Tuesday of ... http://www.hedgefundzone.com/7825.html NEW YORK----The Hedge Fund Association, HFA, is pleased to announce the results of its member election for the 2010/2011 Board of Directors, President and Vice President, and the appointment of Regional Directors and Advisory Board Chairs. Click here for more info http://www.hedgefundzone.com/7824.html Greenwich Alternative Investments, a leading source of hedge fund industry data, has announced the launch of seven new investable hedge fund indices to complement its existing lineup of actively managed, strategy-based investable indices. Link to original article http://www.hedgefundzone.com/7823.html Justin Pollock, a former portfolio manager at Galleon Group, and three others he worked with in Singapore at the U.S. firm that closed, joined CastleBay Capital Management Pte and will start an Asian equity hedge fund. Read more here http://www.hedgefundzone.com/7822.html (Crain's) — A federal judge has extended an asset freeze against a Northfield-based hedge fund manager accused of cheating investors out of millions of dollars. The injunction against Jay Nolan of Wilmette and his firm, Lodge Capital Group LLC, extends a January asset freeze on the fund Read more ... http://www.hedgefundzone.com/7820.html Computerworld - A hedge fund that is already one of Novell Inc.'s largest shareholders offered on Tuesday to acquire the struggling, cash-rich enterprise software maker for $2 billion. Click here for more info http://www.hedgefundzone.com/7819.html New York-based Elliott Associates L.P. says it has offered to purchase business-software provider Novell Inc. for $1 billion net of the cash on the company's books. Click here for more info http://www.hedgefundzone.com/7821.html Cowen Group's Ramius has tapped a former Merrill Lynch hedge fund executive to head a new managed account platform focused on investing in managed futures and global macro managers, according to a person familiar with the matter. More... http://www.hedgefundzone.com/7818.html Mark Jewell, AP Personal Finance Writer BOSTON — Do you worry more about protecting your money than seeing it grow? If your answer is yes, maybe you should be in hedge funds — or at least try to emulate them. Click here for more info http://www.hedgefundzone.com/7817.html 3A chief investment officer Jean Keller says there is big debate about how quickly hedge fund managers are going to provide funds within the Ucits III structure. Read more here http://www.hedgefundzone.com/7816.html Insurance companies are rarely mentioned in the same breath as hedge fund managers. But strong performance from such funds suggests that might be changing. Click here for more info http://www.hedgefundzone.com/7815.html U.S. authorities are probing individuals close to NIR Group on whether the U.S. hedge fund firm paid kickbacks to outsiders to inflate the value of its holdings, The Wall Street Journal reported , citing people familiar with the matter. Read more here http://www.hedgefundzone.com/7814.html Director Julio DePietro, foreground, works on the set of the film "The Good Guy" at an undisclosed location on Aug. 8, 2008. DePietro made the transition from the hedge- fund world into the movie business. More... http://www.hedgefundzone.com/7813.html New York University is entitled to recover legal fees for battling to preserve the remaining assets of a hedge fund from which a prominent New York financier pumped hundreds of millions of dollars into Bernard Madoff's Ponzi scheme, a Supreme Court justice in Manhattan has ruled. The judge found, over ... http://www.hedgefundzone.com/7811.html New York: US authorities are probing individuals close to NIR Group on whether the US hedge fund firm paid kickbacks to outsiders to inflate the value of its holdings, according to a report in the Wall Street Journal. Read more here http://www.hedgefundzone.com/7810.html U.S. authorities are probing individuals close to NIR Group on whether the U.S. hedge fund firm paid kickbacks to outsiders to inflate the value of its holdings, the Wall Street Journal said, citing people familiar with the matter. More... http://www.hedgefundzone.com/7809.html U.S. authorities are probing individuals close to NIR Group on whether the U.S. hedge fund firm paid kickbacks to outsiders to inflate the value of its holdings, the Wall Street Journal said, citing people familiar with the matter. Click here for more info http://www.hedgefundzone.com/7808.html Institutions in the US and Canada will transfer over $420bn (€310bn) to new asset managers this year, according to a survey of investment consultants, who said that equities and hedge fund managers stand to gain from a rise in demand. Link to original article http://www.hedgefundzone.com/7807.html Hedge fund manager, Arthur Nadel, 77, has apologised to a New York court after pleading guilty to fraud charges. Link to original article http://www.hedgefundzone.com/7806.html Control of the Mark Bouris-chaired technology tidder TZ Ltd will pass to its major creditor, US hedge fund QVT. Link to original article http://www.hedgefundzone.com/7812.html Hedge-fund managers are “keen for clarity” on what Singapore’s regulator will do to increase oversight of the industry, said Han Ming Ho, who heads the funds practice group in the city state at Clifford Chance. Read more here http://www.hedgefundzone.com/7805.html The gold bug spread rapidly through the hedge fund universe in 2009. More... http://www.hedgefundzone.com/7804.html The last few months have been characterised by a deluge of so-called 'hedge fund lite' product launches as an increasing number of hedge funds, bruised and battered by the credit crunch and the subsequent run on liquidity, dip their toes into the retail space via Ucits III funds. Click here for ... http://www.hedgefundzone.com/7803.html A groundbreaking move by the UK's Financial Services Authority to collect detailed data from hedge fund managers on a regular basis has been adopted by financial services regulators across the globe. Link to original article http://www.hedgefundzone.com/7802.html So there's this rabbi, a famous hedge fund manager, and a securities swindler who was convicted last year of running a $13 million Ponzi scheme. Read more here http://www.hedgefundzone.com/7801.html Citigroup in talks to sell hedge fund unit: SourceCitigroup in talks to sell hedge fund unit: Source Read more here http://www.hedgefundzone.com/7800.html A Florida hedge fund manager who bilked millions of dollars from investors, then briefly disappeared as investigators closed in, pleaded guilty to securities fraud Wednesday. Read more here http://www.hedgefundzone.com/7799.html Citigroup is in advanced talks to sell its $4-billion hedge fund business to US-based SkyBridge Capital, says a media report. Click here for more info http://www.hedgefundzone.com/7798.html Citigroup is in talks to sell a hedge-fund business with about $4 billion in assets to Skybridge Capital, a report says.. More... http://www.hedgefundzone.com/7797.html Hedge-fund assets fell for the first time in eight months in January as stock and commodity prices declined last month, Eurekahedge Pte said. More... http://www.hedgefundzone.com/7795.html An Asian long/short equity house is the latest hedge fund firm looking to diversify its client base and its range of funds in order to reduce business risk. Click here for more info http://www.hedgefundzone.com/7796.html Jim Trippon submits: The Credit Suisse Long/Short Liquid Index ETN debuted on Monday February 22nd under the ticker “[[CSLS ] ].” CSLS looks to be another exchange traded offering that gives retail investors exposure to hedge fund strategies and will track the Credit Suisse Tremont Long/Short Equity Hedge Fund Index, ... http://www.hedgefundzone.com/7794.html Some Connecticut lawmakers are resurrecting efforts to pass new state regulations on the hedge fund industry, frustrated by what they see as inaction in Washington. Read more here http://www.hedgefundzone.com/7793.html LOS GATOS, CALIFORNIA--(Marketwire - 02/23/10) - Fiorano Software ( www.fiorano.com ), pioneer in peer-to-peer distributed dataflow, today announced that its lowest latency, highest throughput JMS Server, FioranoMQ , has been deployed by a leading US hedge fund. The hedge fund had built an electronic trading platform around Microsoft MQ and ... http://www.hedgefundzone.com/7792.html Feb. 23 (Bloomberg) -- Aisling Analytics Pte, manager of the $1.6 billion Merchant Commodity Fund , plans to start a $300 million equity hedge fund. Link to original article http://www.hedgefundzone.com/7791.html Michael Johnston submits: Credit Suisse (NYSE: CS - News ), one of the world’s largest financial services providers, announced Monday the launch of the Credit Suisse Long/Short Liquid Index (Net) ETN , a product designed to correlate to the performance of the Credit Suisse Tremont Long/Short Equity Hedge Fund Index. ... http://www.hedgefundzone.com/7790.html Billionaire hedge-fund managers David Tepper and John Paulson have piled into insurance company Conseco. Read more here http://www.hedgefundzone.com/7788.html The only hedge fund focused solely on investment opportunities in Iraq has built up its exposure to equities in anticipation of a surge in the stock market following next month's parliamentary election, despite losing money for the fifth month in a row. Click here for more info http://www.hedgefundzone.com/7789.html HARTFORD — Some Connecticut lawmakers are resurrecting efforts to pass new state regulations on the hedge fund industry, frustrated by what they see as inaction in Washington. More... http://www.hedgefundzone.com/7787.html Feb 22 (Reuters) - U.S. asset manager BlackRock Inc plans to start a hedge fund that would invest in Asian corporate bonds, Bloomberg said, citing two people familiar with the matter. The world's biggest asset manger will launch the BlackRock Asian Credit Hedge Fund in March, the news agency said. ... http://www.hedgefundzone.com/7786.html Feb 22 (Reuters) - U.S. asset manager BlackRock Inc plans to start a hedge fund that would invest in Asian corporate bonds, Bloomberg said, citing two people familiar with the matter. Read more here http://www.hedgefundzone.com/7785.html BlackRock Inc., the world’s biggest asset manager, plans to start a hedge fund to trade corporate bonds in Asia, two people with knowledge of the matter said. More... http://www.hedgefundzone.com/7784.html HARTFORD -- Some Connecticut lawmakers are resurrecting efforts to pass new state regulations on the hedge fund industry, frustrated by what they see as inaction in Washington. Click here for more info http://www.hedgefundzone.com/7783.html Feb. 22 (Bloomberg) -- Makoto Haga , chief strategist at online broker Monex Inc. and Nomura Holdings Inc.’s first hedge fund manager, has died. He was 46. Link to original article http://www.hedgefundzone.com/7782.html Connecticut lawmakers are resurrecting efforts to regulate the state's hedge fund industry. The General Assembly's Banks Committee has scheduled a public hearing Thursday to consider a bill that would require hedge funds and private equity funds to disclose conflicts of interest between an investor and a fund manager. Click here for ... http://www.hedgefundzone.com/7781.html Camulos Capital wants Blank Rome disqualified from representing former fund partner William Seibold, who claims the hedge fund owes him $67 million and wrongfully forced him out. Camulos claims Blank Rome was still representing it in corporate matters when it began representing Seibold as he prepared the suit he ultimately ... http://www.hedgefundzone.com/7779.html New York Attorney General Andrew Cuomo's lawsuit to recover $1.2 billion from a hedge fund operator for losses his investors sustained when he gave their money to convicted swindler Bernard Madoff may proceed to trial, a New York judge has ruled. The judge rejected Ezra Merkin's contention that Cuomo's claims ... http://www.hedgefundzone.com/7780.html U.S. prosecutors this week charged a New York rabbi with trying to extort $4 million from a prominent U.S.-based hedge fund by threatening to tell authorities about alleged insider trading at the fund. Click here for more info http://www.hedgefundzone.com/7778.html Kirk Wright, a Florida hedge fund manager, hung himself when faced with a 710-year sentence for 47 counts of fraud, and swindling $185 million from clients including 78 NFL players. This is the More... http://www.hedgefundzone.com/7777.html Lisa Falcone—wife of hedge fund billionaire and NYT shareholder Philip Falcone, soft porn actress (Correction: not her!), and precious clueless socialite philanthropist—is being sued for Link to original article http://www.hedgefundzone.com/7776.html The Credit Suisse/Tremont Hedge Fund Index Gained 0.17% in January as Hedge Funds Posted Positive Performance Despite Market Reversals. Read more here http://www.hedgefundzone.com/7775.html Lisa Falcone—wife of hedge fund billionaire and NYT shareholder Philip Falcone, soft porn actress, and precious clueless socialite philanthropist—is being sued for allegedly beating and More... http://www.hedgefundzone.com/7774.html By David Merkel. This is a book that gives a feeling for being in hedge fund management, rather than a dry description of what needs to be done if you are in the rare position of being asked to manage a hedge fund. Read more » » Click here for more ... http://www.hedgefundzone.com/7773.html Oy, not again. A Brooklyn rabbi, accused seven years ago of stealing government grants, was busted Thursday for blackmailing a Connecticut hedge fund to give $4 million to two schools he works with, prosecutors said. Link to original article http://www.hedgefundzone.com/7770.html NEW YORK -- A prominent Brooklyn rabbi was arrested Thursday in a scheme to extort a Connecticut-based hedge fund into paying millions of dollars to two schools, federal prosecutors said. Rabbi Milton Balkany, the dean of Bais Yaakov day school Read more here http://www.hedgefundzone.com/7771.html The SA hedge fund industry has put its faith in the Association for Savings and Investment South Africa to help it achieve its long-term goals. Click here for more info http://www.hedgefundzone.com/7772.html An Orthodox rabbi who runs a respected Jewish day school in Brooklyn was charged on Thursday with trying to extort $4 million from a Connecticut hedge fund. Link to original article http://www.hedgefundzone.com/7769.html LawFuel.com US Attorney News PREET BHARARA, the United States Attorney for the Southern District of New York, announced that MILTON BALKANY, a/k/a "Yehoshua Balkany," Dean of the Bais Yaakov day school in Borough Park, Brooklyn, was arrested today on wire fraud, extortion, false statements, and blackmail charges stemming from an ... http://www.hedgefundzone.com/7768.html A prominent Brooklyn rabbi has been accused in a scheme to extort a Connecticut-based hedge fund into paying millions of dollars to two schools, including one where he is dean. More... http://www.hedgefundzone.com/7767.html A Brooklyn school dean was accused of trying to extort a hedge fund out of $4 million by claiming he could prevent a federal inmate from telling investigators about alleged insider trades by the unidentified fund. Read more here http://www.hedgefundzone.com/7765.html A prominent Brooklyn rabbi has been accused in a scheme to extort a Connecticut-based hedge fund into paying millions of dollars to two schools, including one where he is dean. Read more here http://www.hedgefundzone.com/7766.html Hedge fund assets under Investcorp have risen by almost a third as it raised $1.3 billion (Dh4.7bn) fresh capital from institutions in the United States last year, pushing its total hedge fund assets to $4.5bn. Link to original article http://www.hedgefundzone.com/7764.html