D.E. Shaw, Soros Vets Found Hedge Fund
Gabriel Nechamkin’s hedge fund went under in 2008. Now, he’s getting a second chance, with the help of a D.E. Shaw Group veteran.
Hedge Funds Take In $7.1 Billion In Jan.
Hedge funds enjoyed an unusual inflow in January, the 11th month in a row that investors added money to the industry.
D.E. Shaw Heads To Shanghai, Tokyo
D.E. Shaw Group is the latest hedge fund opening new offices in Asia, with bases in China and Japan to open their doors in the coming months.
Last Stand For Brits Against Hedge Fund Rules
The British government is set to begin a last-ditch effort to water down the controversial hedge fund and private equity rules being considered by the European Union, even as hopes dim in London about its chances for success.
Nadel Receiver Starts To Sell
Burton Wiand, who has been charged with finding, collecting and liquidating the assets of Nadel and his Scoop Management for the benefit of his victims, is beginning to sell off the convicted scammer’s belongings.
JPMorgan Keeps Top Spot Among Hedge Fund Managers
JPMorgan Chase remains the largest hedge fund manager in the world, according to Pensions & Investments.
Hedge Funds Up Slightly In Feb.
Hedge funds posted broad-based, if unspectacular, gains in February, according to Hedge Fund Research.
Barclays: D.E. Shaw Owes $15 Million From Default
Barclays Capital is seeking $15 million from D.E. Shaw Group over a defaulted mortgage loan the New York hedge fund giant guaranteed.
Credit Suisse Close To Deal For Fortis Prime Brokerage
Credit Suisse is still likely to buy Fortis Bank Nederland’s prime brokerage unit, but a deal could take several more months, the latter said.
Greece Bars Hedge Funds From Friday Debt Offering
Greece sought to exclude hedge funds from participating in Friday’s €5 billion bond issue, directing the bankers leading the offering not to allocate any bonds to hedge funds or any potential proxies.
FRM Founder To Be CEO… Again
Blaine Tomlinson will take over next month.
Chicago Police To Seek Global Macro Manager
The Chicago Policemen’s Annuity & Benefit Fund plans to allocate about $150 million to a global macro hedge fund manager.
Greenwich Hedgie Seeks Tax Break On Plywood Palace
Hedge fund manager Charles Davidson paid $22 million for his Greenwich, Conn., estate. But he’s going to the mat to save $20,000 on his property taxes this year.
BlueMountain Boosts Investor Relations Team
BlueMountain Capital Management has strengthened its investor relations and marketing team with a new hire and a promotion.
CalPERS Adds Former BGI Fixed-Income Exec.
Janine Guillot will work on strategy implementation at the California Public Employees’ Retirement System, which manages $200 billion.
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