November 22, 2008
Ex-Hedge Fund Manager Charged With Fraud
The former head of Idaho hedge-fund company Wood River Capital Management LLC has been indicted on criminal charges that he engaged in a securities fraud scheme that allegedly cost investors $88 million, prosecutors said Thursday.
Citigroup's head of hedge fund services leaves
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 and London offices.
Mellon To Base European Hedge Fund Unit In Dublin,
DPM Mellon, the hedge fund administration subsidiary of Mellon Financial Corporation, has announced that its new European-based hedge fund servicing unit will be located in Dublin which, the company observes, has rapidly become the "preferred domicile of choice" for hedge funds.
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