Blackstone Makes Single Manager Hedge Fund Changes to Ensure Profitability
West Palm Beach (HedgeCo.net) – The Blackstone Group is making changes to the single manager hedge funds businesses within its Marketable Alternative Asset Management (MAAM) segment. Blackstone is...
View ArticleFund manager found dead after Madoff losses
Times Online – A French investment manager who entrusted $2.1 billion (£1.42 billion) with Bernard Madoff was found dead in New York yesterday. Thierry de la Villehuchet is thought to have committed...
View ArticleBlackstone to liquidate two hedge funds
Reuters – Blackstone Group LP said on Tuesday it plans to liquidate two hedge funds as a lack of outside investing amid tight credit markets will prevent them from getting big enough to be meaningful...
View ArticleHK Fund to team up with Paulson Hedge Fund in Offshore Launch
West Palm Beach (HedgeCo.net) – One of Hong Kong’s largest independent financial institutions, Sun Hung Kai Financial, is teaming up with hedge fund Paulson & Co, launching a distressed asset...
View ArticleGLG Partners Adds Pendragon Hedge Fund Managers
West Palm Beach (HedgeCo.net) – Global alternative asset manager, GLG Partners LP, is teaming up with two of the founding partners of London hedge fund Pendragon Capital, Kaveh Sheibani and Julian...
View ArticleInvestcorp Sponsors CRISP Alternative Investments Program
West Palm Beach (HedgeCo.net) – Alternative investment manager, Investcorp, sponsored a group of Bahraini students from the Crown Prince’s International Scholarship Program (CPISP), to spend a day at...
View ArticleDiamond Fund Set to Launch
KPR Capital Limited announces the launch of the KPR Diamond Fund. The fund offers investors a unique access to physical diamonds capitalising on the price appreciation of top quality colourless...
View ArticleHedge fund founder used phony firm, returns: authorities
Reuters – A hedge fund manager overstated values by hundreds of millions of dollars, set up a phony accounting firm and showed uniformly positive returns for nine years to defraud investors, U.S....
View ArticleSEC To Contact Hedge Fund Investors
West Palm Beach (HedgeCo.net) – At the MFA Legal, Compliance and Operations Seminar in New York last week, SEC staff described its examination and enforcement priorities for the foreseeable future with...
View ArticleAbbott Capital Management closes $1bn private equity fund of funds
AltAssets – Abbott Capital Management, a US-based independent investment manager, announced today that it has met its target for the Abbott Capital Private Equity Fund VI, having raised over $1bn. Like...
View ArticleUnions say they lost $1B
Albany Times Union – A group of upstate unions claims it lost nearly $1 billion in pension and other benefit funds after an investment manager placed the money with Bernard Madoff Investment Securities...
View ArticleCayman Islands charges Robert Girvan in fund failure
Jamaica Observer – A Jamaican investment manager in the Cayman Islands has been charged in the collapse of four hedge funds based in the Caribbean offshore financial centre. Robert Christopher Girvan...
View ArticleFund of hedge funds Castle to add London listing
Reuters – Castle Alternative Invest, a Swiss-listed fund of hedge funds, plans to list in London to improve the liquidity of its shares, its investment manager LGT Capital Partners said on Tuesday. The...
View ArticleALTIN Hedge Fund Group Goes For Full Disclosure
HedgeCo.net (West Palm Beach) – ALTIN, the London and Swiss-listed fund of hedge funds, has released a full disclosure of its underlying investments and weightings. ALTIN has adopted a position of...
View ArticleIndia Draws Hedge Fund Attention
Seeking Alpha – During the past week, almost 15 percent of investors have expressed a specific interest in India-focused funds. When compared with the first week of the second quarter, this percentage...
View ArticlePeople Moves: Global Fund Exchange Hires Hedge Fund Specialist
HedgeCo.net (West Palm Beach) – Alternative investment manager, Global Fund Exchange, has hired A. Michael D’Arpino as Director of Business Development, a new position at the firm. D’Arpino joins...
View ArticleOregon wins first round against college fund manager
Oregon Live – Oregon won the first round in a $36 million court battle against the former investment manager of its college fund by keeping the lawsuit out of federal court. U.S. District Judge Michael...
View ArticleAnother Lawsuit Targets Valhalla Investment Partners
Herald Tribune – Two investors who lost $750,000 in the implosion of Scoop Management have filed a lawsuit against investment managers Neil and Chris Moody, who ran the Valhalla Investment Partners...
View ArticleHedge Fund Manager Blocked From Bidding On Newspaper
New York (HedgeCo.net) – Hedge fund manager Thane Ritchie announced that he has been wrongly blocked from meeting with The Chicago Newspaper Guild and developing a coalition offer to buy the Sun-Times...
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