FINalternatives

Brummer-Backed Asia Hedge Fund Closes

Jon Shazar — Thu, 24 May 2012 12:20:25 -0500

Orvent Asset Management has closed its doors after Burmmer & Partners redeemed its investment in April. The Singapore-based firm's event-driven fund had about US$130 million in assets under management.

Bank Platforms Put Brakes On Paulson Flows

Jon Shazar — Thu, 24 May 2012 12:18:24 -0500

Despite his recent run of dismal performance, John Paulson has enjoyed a steady stream of new cash from bank hedge-fund platforms.

HBK Shuts Flagship After $475M Inflow

Jon Shazar — Thu, 24 May 2012 10:03:51 -0500

With almost $500 million in new money pouring in to HBK Capital Management in the first quarter, the hedge fund has shut off the spigot.

Rajaratnam-Gupta Tape Played For Jury In Insider Case

Jon Shazar — Thu, 24 May 2012 09:59:16 -0500

On the third day of his trial for insider-trading, jurors heard Rajat Gupta's voice for the first time.

Moody's Says Man Downgrade Threat Unaffected By FRM Deal

Jon Shazar — Thu, 24 May 2012 09:57:37 -0500

Count Moody's Investor Services among those distinctly unimpressed with Man Group's plan to buy fund of hedge funds FRM Holdings.

April Chills Hedge Funds In Canada, The Netherlands

Jon Shazar — Thu, 24 May 2012 09:56:41 -0500

Canadian and Dutch hedge funds had a rough go of things last month, according to a pair of industry indices.

Hayman Readies Irish Version Of Main Hedge Fund

Jon Shazar — Thu, 24 May 2012 02:23:53 -0500

Kyle Bass is taking his flagship hedge fund onshore—in Europe.

Overwhelming Majority Of Hedge Funds Add Compliance Staff Since '08

Jon Shazar — Thu, 24 May 2012 02:22:48 -0500

There aren't many hedge funds that aren't spending more on compliance today than four years ago, according to a new survey.

Tuberville Partner Indicted For Hedge Fund Fraud

Jon Shazar — Thu, 24 May 2012 02:21:47 -0500

The hedge fund partner of Texas Tech University football coach Tommy Tuberville has been arrested and charged with fraud.

Another Rajaratnam Prosecutor Enters Private Practice

Jon Shazar — Thu, 24 May 2012 02:20:40 -0500

The ranks of prosecutors who helped put Galleon Group founder Raj Rajaratnam in prison is dwindling by the month.

Seeder IMQubator To Facilitate Cap. Intro.

Jon Shazar — Thu, 24 May 2012 02:19:45 -0500

Hedge fund seeder IMQubator has struck upon a new idea to help its seedlings grow.

UBS Hires SocGen Forex Salesman For U.K. Systematic Hedge Funds

Jon Shazar — Thu, 24 May 2012 02:18:27 -0500

UBS is continuing its buildup of its foreign exchange hedge fund sales team, this time with the addition of a Société Générale salesman.

Millbrook Capital To Close Hedge Fund, Focus On Founder's Fortune

Jon Shazar — Wed, 23 May 2012 14:23:24 -0500

Another hedge fund manager is getting out of the hedge fund business.

Millbrook Capital Management is closing its only hedge fund and returning to its roots, as a family office for John Dyson, the former New York State commerce commissioner and private equity veteran.

Ex-Highland Pair's Commerce Street Hedge Fund Coming In June

Jon Shazar — Wed, 23 May 2012 10:48:55 -0500

Commerce Street Investment Adviser will launch a new hedge fund helmed by two Highland Capital Management veterans next month.

Ex-Galleon Employees Says Gupta Call Preceded Goldman Buying Spree

Jon Shazar — Wed, 23 May 2012 10:47:44 -0500

Galleon Group founder Raj Rajaratnam kept a star-studded list of "important people" allowed to interrupt him at any time—including former McKinsey & Co. chief Rajat Gupta, who is on trial for tipping the convicted insider-trader.